Hamptons sales prices rose 9.7 percent at the end of 2017
The housing market in the Hamptons ended 2017 with a strong fourth quarter, as the average sale price rose 9.7 percent compared to the same period in 2016 and 9.8 percent from the third quarter, according to a report from Douglas Elliman. Sales for single-family homes averaged $1.9 million and luxury homes sold for an average of $7.5 million, Elliman’s report found. “Pretty much all the metrics are showing strength,” said Jonathan Miller, CEO of the appraisal firm Miller Samuel and author of the report. [TRD]
Southampton broker Matthew Breitenbach jumps from Elliman to Compass
Compass has scored another new agent in the Hamptons, as Douglas Elliman’s Matthew Breitenbach will join its Southampton office. Breitenbach, son of the Corcoran Group’s Susan Breitenbach and luxury homebuilder Stephen Breitenbach, joined Elliman in 2015. The younger Breitenbach said he made the move because he shares Compass’ “hunger and desire to grow and build” in the Hamptons. [TRD]
Goose Creek estate in Wainscott lists for $16M
Grab the popcorn. The Wainscott estate known as Goose Creek — which comes with its own 110-seat movie theater — has been listed for just under $16 million. The 5.5-acre property has a history of hosting celebrity renters, including Madonna and Jennifer Lopez, and it’s been the venue for the parties for others like Billy Joel and Christie Brinkley. The 19,000-square-foot home has eight bedrooms, 11-and-a-half bathrooms, a tennis court and indoor and outdoor pools. Michael Schultz and Susan Ryan of Corcoran Group Real Estate have the listing. [Curbed]
You too can have a “Big Redneck Vacation” in East Hampton for $4.25M
The 4,500-square-foot East Hampton house featured in reality TV show “My Big Redneck Vacation” is on the market for $4.25 million. The modern five-bedroom, four-bath home on Oyster Shores Road sits on 3.62 acres and has a dock, pool and tennis court. In 2012, it was the backdrop for the Clampet family’s reality show on the Country Music Channel, which was hosted by Tom Arnold. James Keogh, Justin Agnello and Hara Kang of Douglas Elliman have the listing. [NY Post]
The Mooch pays $7.5M for Water Mill mansion
Former White House communication director Anthony Scaramucci bought a $7.5 million mansion in Water Mill with his wife Deidre Ball. The 7,000-square-feet home has seven bedrooms and seven baths and sits on one acre at 30 Lawrence Court, according to the New York Post. Ball filed for divorce in July just before the birth of the couple’s son and amid Scaramucci’s 10-day tenure in President Trump’s administration. She’s since called off the divorce. [TRD]
Developer seeks to revive special zoning for senior citizens community in Hampton Bays
Eleven years ago, RTW Associates secured a special zoning designation to build 50 condominiums for senior citizens in Hampton Bays, but the planned development district (PDD) expired in 2010. Now the developer — which says it didn’t build the project due to a lack of funding and the lengthy approvals process — wants the Southampton Town Board to revive the special zoning so the land can be sold to an as-of-yet unnamed developer who will build the long-planned senior community, The East Hampton Press reported. PDDs were outlawed last year, but because the Town Board never held a public hearing to end the special zoning for the 8.3-acre property, it has to consider the developer’s request, the outlet reported. [East Hampton Press]