The Real Deal New York

Hamptons Cheat Sheet: Waterfront Southampton compound’s price slashed to $29.9M … & more

By Aidan Gardiner | July 31, 2018 05:00PM

Clockwise from top left: Billy Joel’s home reno plans face Sag Harbor skepticism, waterfront Southampton compound hacks pricetag down to $29.9M, Southampton OKs Mercedes-Benz dealer’s expansion and Beechwood Organization’s condo project gets go ahead from Southampton officials.

Updated August 1, 7:40 a.m.

Waterfront Southampton compound hacks pricetag down to $29.9M
The historic Normandy House, which has been on and off the market since 2016 — when it was listed for $65 million — has again reduced its ask. Recently priced at $32.5 million, the home’s price has been cut down to $29.9 million, Curbed reported. The 8,000-square-foot home built in 1930 has nine bedrooms, eight-and-a-half bathrooms, a sunken tennis court, pool and guest cottage. The property also has 400 feet of lake frontage on Lake Agawam. Tim Davis of the Corcoran Group is handling the listing. [Curbed]

Southampton buys Lobster Inn site for $8.45M
Two years after the site of Lobster Inn hit the market for $11.5 million, the town of Southampton laid down $8.45 million for the restaurant and marina. The town made the purchase through the Community Preservation Fund and Inlet Road Operations Corp, an affiliate of the Manna Ocean Foundation, Curbed reported. Town officials hope to preserve half the property as a public space and working marina, while allowing Inlet Road Operations Corp. to run an aquaculture farm and restaurant on the other half. David Donohue and Joe Peraino of Douglas Elliman handled the listing. [Curbed]

Southampton OKs Mercedes-Benz dealer’s expansion 
The luxury car dealership, which was built in 2010, will undergo a significant expansion after getting the go-ahead from the Southampton Town Planning Board. The dealership will get an additional 829 square feet in the showroom, a 4,236-square-foot enclosed drop-off area and a 2,622-square-foot service garage with five bays. They also plan to convert 627 square feet of lower-level offices to a space for training and conferences. The dealership is also slated to add 145 spots to its parking lot, not necessarily for customers, but for displaying available vehicles. [27east]

Condo project on Village Latch Inn property gets go ahead from Southampton officials
Southampton’s Zoning Board of Appeals approved modified plans for a 19-unit condominium complex on the former Village Latch Inn’s property, 27East reported. Board members Rob DeVinney, Dan Guzewicz and James Zuhusky voted to give the owner, the Beechwood Organization, zoning relief needed to build the condo units on the 5.5-acre property. Beechwood also got a new certificate of occupancy, changing it from hotel use to nonconforming condominium use. Originally, plans called for the Village Latch Inn to be mostly preserved as they were converted to condo units, with the 19 other units built behind, for a total of 24 condos. Plans were scaled back after the developers received input from neighbors, with plans now calling for 19 units and a pool and clubhouse located towards the back of the property. [27east]

Billy Joel’s home reno plans face Sag Harbor skepticism
Members of the Sag Harbor Village Architectural Review Board are proving to be a tough crowd for the piano man. At a Thursday meeting, which Joel attended, board members reviewed his plans for renovating and joining together two neighboring buildings he owns — a project he’s been pushing since 2016. Board member Dean Gomolka was concerned that any renovation could pose a risk to a large elm tree near the entertainer’s property, 27East reported. Zachary Studenroth, a consultant for the board, was concerned about a brick wall that would effectively run through the renovated home. Board members also took issue with the proposed height raise, which they fear could alter the streetscape. Planners will try to address the board’s concerns before a public hearing on Aug. 23. [27East].

Westhampton Beach home from “Rocket Gibraltar” asks for $6M
The East End pad that served as the setting to characters portrayed by Burt Lancaster and Macaulay Culkin in the 1988 film “Rocket Gibraltar” is on the market. The 7,075-square-foot home has six bedrooms, six-and-a-half bathrooms, tennis court, heated pool, a cabana and a chef’s kitchen with marble countertops. Westhampton Beach-based Hamptons Habitat redesigned and reconstructed the home. Patrick Galway of Town & Country Real Estate is handling the listing. [New York Post]