Hamptons Cheat Sheet: Gurney’s Resorts owners buy Montauk Yacht Club, plotting a $13M upgrade … & more

TRD New York /
May.May 08, 2018 11:20 AM

Clockwise from top left: Water Mill home slashes price down to $22.5 million, Marilyn Monroe’s East Hampton cottage on the market for summer renters, Gurney’s Resorts buys Montauk Yacht Club ahead of $13M upgrade and plans for Billy Joel’s Sag Harbor home strike a chord with town board.

Gurney’s Resorts owners buy Montauk Yacht Club ahead of $13M upgrade
George Filopoulos of Metrovest Equities and Lloyd Goldman of BLDG Management, owners of Gurney’s Montauk Resort & Seawater Spa bought the Montauk Yacht Club for an undisclosed price. The largest marina in the Hamptons is set to close this winter to undergo a $13 million upgrade. The Gurney’s team will lead the transition. MEI Hospitality will run and promote the yacht club, as its done for the other Gurney’s properties. [27East]

Marilyn Monroe’s East Hampton cottage on the market for summer renters
The summer getaway of Marilyn Monroe and her playwright husband Arthur Miller hit the market, available for a year-long lease for $68,000, according to The New York Post. The secluded home was converted from a 19th-century mill. The couple stayed there to get away from paparazzi who descended on their rental in Stony Hill Farm. Three brokers were handling the listing: Douglas Elliman’s Bobby Rosenbaum, Corcoran Group’s Vicky Thompson and Nest Seekers International’s Alex Piccirillo. [TRD]

93-year-old Water Mill estate’s price reduced to $22.5M
A 7,000-square-foot waterfront home is back in the market now with a $3 million price cut, bringing it down to $22.5 million. The home, built in 1925, has eight bedrooms, six and a half bathrooms and the 5.27-acre property features a pool, a three-car garage and a dock on its 300 feet of waterfront. Sotheby’s International Realty’s Harald and Bruce Grant are handling the listing. [Curbed]

Consultants plot changes to East Hampton’s commercial districts in order to combat rising sea levels
The East Hampton Town Board is weighing plans to adapt the five-hamlet town to rising seal levels. In Montauk, they hope to preserve the downtown, but move some shoreline businesses to other areas. Consultants also proposed redesigning Wainscott to give its commercial district a more consistent look. They cited the downtown’s present mishmash of commercial spaces that have parking in front and those that have parking in the back as something that could be streamlined. The board will also decide when to present the plans to the public for further comment. [East Hampton Star]

Plans for Billy Joel’s Sag Harbor home strike a chord with town board
The piano man wants to join his two homes that sit across the street from each other. Billy Joel’s initial proposals included lifting and rotating one of the homes, but that was nixed by the Sag Harbor Village Board of Historic Preservation and Architectural Review. Now, Joel hopes to build a two-story addition to connect the two, but plans to place it back farther from the street, which the board took a shine to. Early discussions seemed positive and the entertainer still hopes to formally submit plans by June. [27East]


Related Articles

arrow_forward_ios
From left: Milos Raonic, Venus Williams, Serena Williams and Novak Djokovic (Credit: Getty Images)

Luxury real estate anyone? US Open stars and their palatial pads

Luxury real estate anyone? US Open stars and their palatial pads
John Giannone and Jac Credaroli (Credit: iStock)

Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans

Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans
Lena Dunham and 60 Broadway (Credit: Getty Images)

Lena Dunham’s “massive real estate mistake”

Lena Dunham’s “massive real estate mistake”
22-15 31st Street (Google Maps)

Supermarket signals demise as Target eyes Astoria

Supermarket signals demise as Target eyes Astoria
356 Sackett Street (Google Maps, Elliman)

Brooklyn’s back: Luxury contract volume hits four-month high

Brooklyn’s back: Luxury contract volume hits four-month high
Facing jail time, Lori Loughlin sells Bel Air manse at huge discount

Facing jail time, Lori Loughlin sells Bel Air manse at huge discount

Facing jail time, Lori Loughlin sells Bel Air manse at huge discount
The Hillandale estate (Knight Frank)

260-acre Hillandale estate returns to market asking $49M

260-acre Hillandale estate returns to market asking $49M
Danny Meyer (USHG, iStock)

Danny Meyer’s USHG got $11M+ in PPP cash

Danny Meyer’s USHG got $11M+ in PPP cash
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...