The Real Deal New York

Hamptons Cheat Sheet: 10-acre spread on Sagaponack Pond lists for $35M … & more

By Aidan Gardiner | September 04, 2018 05:00PM

Clockwise frop top left: Dick Cavett slashes price of Montauk home down to $48.5M, Shinnecock tribal members want to raise $185K to buy build site where bones were found, Sunflower-themed home in Southampton finds buyer under $5.85 pricetag and Modern Sagaponack barn lists for $15M.

Ten-acre spread on Sagaponack Pond lists for $35M
Two parcels covering about 10 acres in Bridgehampton have been listed together for $35M, Curbed first reported. They’re also available separately, with the pond-fronted property listed for $20 million and the other priced at $15 million. The waterfront parcel at 363 Sagaponack Road features a nine-bedroom, 6,000-square-foot home that dates back to 1850. At 351 Sagaponack Road sits a four-bedroom, 2,850-square-foot home and a heated gunite pool. Curbed speculates that a lack of interior home pictures on the listing indicates that the properties are being marketed as teardowns, with the price pegged to the combined land value of the two parcels. Corcoran Group Real Estate’s Michael Schultz and Susan Ryan have the listing. [Curbed]

Dick Cavett lowers price of Montauk home down to $48.5M
Iconic talk show host couldn’t find any takers when he listed Montauk home, Tick Hall, at $62 million last year. Now he’s hoping to get a little more traction with a $48.5 million price tag, though Cavett’s wife speculated that buyers may be wary of investing in real estate because of a booming stock market, the Wall Street Journal reported. Dating back to the 1880s, the home is one of the Hamptons’ “Seven Sisters,” residences designed by the architects at McKim, Mead & White and now part of the Montauk Association Historic District. Tick Hall sits on 20 acres on a bluff overlooking the sea. The 7,000-square-foot home has six bedrooms, a bell tower with a wraparound porch, paths through woods, a Japanese pagoda, pond and a staircase to a private beach. Gary DePersia of the Corcoran Group is sharing the listing with colleague Karen Kelley.[WSJ]

Grey Gardens carriage house in East Hampton in contract for $8.95M
A buyer is scooping up the East Hampton carriage house once owned by Edith Beale and Edith Beale, the reclusive mother-daughter pair who were featured in the documentary “Grey Gardens.” The 3,516-square-foot home is in contract for an amount below its most recent list price of $8.95 million, 27East reported. The 19th century home, which was designed by Joseph Greenleaf Thorpe, has five bedrooms, four bathrooms, waterview balconies, a heated pool and a two-car garage. This was the first time the carriage house had been on the market in 56 years. Frank Newbold and Marilyn Clark of Sotheby’s International Realty handled the listing. Grey Gardens’ 12-room main residence sold for $15.5 million in December 2017. [27east]

Shinnecock tribal members want to raise $185K to buy build site where bones were found
After a human skull, bone and glass bottle were found on a Southampton construction site for a private home, the Shinnecock Indian Nation is trying to raise $185,000 to help buy and preserve the land. State archeologists have said the remains probably belong to an American Indian. Southampton Town officials have offered to buy the plot for $390,000 using the Community Preservation Fund, which is financed through a two percent tax on real estate transfers. Supervisor Jay Schneiderman has also made an offer on behalf of the town, at “fair market value,” but declined to reveal the price. The owner however declined both offers because they don’t cover costs he’s already incurred on the project. The owner claimed he needs another $185,ooo, prompting Shinnecock members to start fundraising. The property’s owner, who wasn’t identified, has partnered with Michael White of Southampton-based Georgica Builders. [Newsday]

Modern Sagaponack barn lists for $15M 
A newly-built 8,700-square-foot modern barn hit the market for $15 million, Curbed first reported. The home boasts six bedrooms, six bathrooms, two half-bathrooms, double-height wood beam ceilings, floor-to-ceiling fireplace and a large kitchen. It sits on 3.4 acres with an infinity pool, waterfall and a two-story pool house. Patrick McLaughlin from Douglas Elliman is representing the listing. [Curbed]