The Real Deal New York

Hamptons Cheat Sheet: Sagaponack mansion’s price chopped down to $21.5M … & more

By Aidan Gardiner | August 14, 2018 06:00PM

Clockwise from top left: Sleek waterfront home in Southampton lists for $9.75, Sagaponack mansion’s price chopped down to $21.5M, Developers and brokers cross fingers for more condo sales amid rocky market and East Hampton home of Hampton Beverage lists for $5.9M.

4.4-acre Sagaponack mansion’s price chopped down to $21.5M
The ask for a 13,000-square-foot home sitting on 4.4 acres was reduced by $2.45 million, its first cut since it was listed for $23.95 million in June. The home, which was built in 2007, has nine bedrooms, 12 bathrooms, a double-height foyer, a large chef’s kitchen, a butler’s pantry, a wine cellar, a library, home theater and an elevator to all three floors. Outside, there’s a sunken Har-Tru tennis court, gardens, a pool, poolhouse, spa and yoga studio. Camp Hedges, an LLC, bought the home in May 2007, Curbed reported. Susan Breitenbach of the Corcoran Group is handling the listing. [Curbed]

Condo sales at Fairfield Properties’ Southampton Pointe are picking up, brokers say
Brokers handling sales at Fairfield Properties’ Southampton Pointe condominium complex said sales have picked up for the project. Ernest Cervi of Corcoran Group, which is representing 35 of the 50 units in the complex, said sales have picked up and told 27East that “we will see even more condo sales in the third and fourth quarter.” Construction on the project, which was approved in 2012 as part of planned development district, has been completed. Another agent handling sales for the project said units are going for an average of $1.25 million. [27east]

Talks extended on Southampton commercial development that’d demolish retail courtyard 
The Southampton Village Planning Board allowed more public discussion on the proposed destruction of a retail courtyard that’d make way for a pair of two-story buildings that will feature three retail spaces, 27east reported. Board Chairman Alan McFarland said his colleagues and the public needed more time to review the lot line modification and site plan. McFarland also noted that the board may ultimately conclude that an environmental study of the plan is necessary, reversing an earlier decision. An attorney representing the developer, East End Holdings LLC, defended the company’s plan, touting the project’s advanced sanitary system as “first of its kind.” Public discussion will continue Sept. 4. [27east]

East Hampton home of Hampton Beverage lists for $5.9M
The commercial building hosting both Hampton Beverage and Goldberg’s Famous Bagels has hit the market for just shy of $6 million. The 11,000-square-foot building holds three separate units. The drink shop shuttered at the end of July after three years of business. Goldberg’s is on a month-to-month lease. Between Beverage and Goldbergs had been Churchill Wine and Spirits until it closed “some time back,” according to the East Hampton Star. Douglas Elliman‘s Justin Angello, Hara Kang and James Keogh are handling the listing. [East Hampton Star]

Waterfront home in Southampton lists for $9.75
A contemporary-styled home on Shinnecock Bay advertises modern touches, tall windows and sweeping views. The $9.75-million home has five bedrooms, five bathrooms, three gas fireplaces, an open floor plan and water-view decks. The 5,000-square-foot home also features a submarine-inspired guest door, a private dock and 137 feet of creek frontage. The home was built in 2007 and bought the same year for $4.05 million. Sotheby’s International Realty‘s Harald Grant and Corcoran Group’s Ellen Lauinger and Katie Milligan are handling the listing. [Curbed]