The Real Deal New York

Hamptons Cheat Sheet: Sag Harbor finalizes deal to build waterfront park where condos were once planned … & more

By Aidan Gardiner | May 30, 2018 03:00PM

Clockwise from top left: East Hampton home with water views lists for $17.5M, Newly built Sagaponack home sells for $11.5M after four months on the market, Sag Harbor reaches deal with developer to build waterfront park, and Amagansett home on 5 acres of waterfront lists for $12.5M.

Sag Harbor finalizes deal to build waterfront park where condos were once planned
Sag Harbor officials reached a deal last week with developer Jay Bialsky and Southampton Town that will help push the John Steinbeck Waterfront Park project forward. Southampton will use $10.5 million from its community preservation funds to buy the 1.25 acres from Bialsky, 27east reported. That land would link others to create a continuous waterfront park. Greystone Development was the previous site owner and had planned a condo project there before selling to Bialsky in April. The developer will retain some of the land to build three townhouses with boat slips. [27East]

East Hampton home with water views lists for $17.5M
A 6,500-square-foot home overlooking Hook Pond and the Atlantic is on the market for $17.5 million. Sitting on 1.6 acres, the two-story home sports seven bedrooms, 11-and-a-half bathrooms, a glass-encased home gym and an infrared sauna, among other indoor amenities, Curbed reported. Outside, it has a heated pool, covered porches and a kitchen. Corcoran Group’s Charlie Esposito and Debbie Brenneman have the listing. [Curbed]

Amagansett home on 5 acres of waterfront lists for $12.5M
A 6,500-square-foot home on 5 acres of Gardiner’s Bay is on the market for $12.5 million. Built in 2001, the two-story home has eight bedrooms, eight bathrooms, a chef’s kitchen, fireplace and walkway to the water. Timothy English and Peter Turino of Brown Harris Stevens have the listing. [Curbed]

New Sagaponack home sells for $11.5M after four months on the market
A new construction Sagaponack home sold for $11.5 million last week after four months on the market, closing just $450,000 under its listing price. The 6,800-square-foot home has two stories, six bedrooms, six-and-a-half bathrooms and an ocean view, according to Curbed. It also features a 7,500-bottle wine cellar, gym, sauna, balcony and heated garage. Corcoran Group’s Gary DePersia has the listing. [Curbed]

Town of East Hampton lifts ban on takeout-only restaurants  
The East Hampton Town Board lifted a ban last week on takeout-only eateries in its commercial district. Locals hope that lifting the ban will bring new businesses to the district, 27east reported. The ban was originally put in place in 2008 to curb trash buildup on the streets. Officials said they’d recently been fielding inquiries from potential tenants, pushing them to rethink the policy. [27East]