Hamptons Cheat Sheet: Oceanfront Bridgehampton property lists for $34M, Restoration Hardware inks East End lease … & more

TRD New York /
Dec.December 04, 2018 04:00 PM

Clockwise from top left: Oceanfront Bridgehampton property lists for $34M, Restoration Hardware leases warehouse at Rechler Equity’s Hampton Business District, President Chester A. Arthur’s ‘Summer White House’ in Sag Harbor relists for $13.5M and two beach houses in Westhampton go to contract after just one month on the market.

Oceanfront Bridgehampton property hits the market for $34M
A 9,495-square-foot oceanfront home in Bridgehampton with floor-to-ceiling glass windows and a double-height living room has hit the market for $34 million, Curbed reported. The home sits on 1.7 acres of land. The main house has four ensuite bedrooms, hardwood floors and a master suite with a private water deck. There is a separate studio for guests, as well as enough room on the grounds to entertain with a gunite pool, spa, two grills, a gas pizza oven, two outdoor showers and two garages. The property was bought in 1993 for $3.3 million, according to Zillow. Beate Moore of Sotheby’s International Realty is representing the listing. [Curbed]

President Chester A. Arthur’s ‘Summer White House’ in Sag Harbor relists for $13.5M
Two years after listing for $14.2 million and then coming off the market, a purported onetime residence of President Chester A. Arthur in Sag Harbor was listed again for $13.5 million, Curbed reported. Built in 1796, the home was last sold for $3.5 million in 2014 and then renovated by architect Steven Gambrel. The 5,900-square-foot Victorian has six bedrooms, four bathrooms, several fireplaces, a Sonos sound system, a wine cellar and media room. The 0.34-acre property has a gunite pool, garage, terraces and gardens. Arthur, a former lawyer who served as the country’s 21st president, reportedly may not have actually lived at the Sag Harbor property, which is dubbed in listings as the “Summer White House.” The home is listed with Douglas Elliman’s Rima Mardoyan Smyth and Ryan Struble, as well as Susan Breitenbach of Corcoran. [Curbed]

Restoration Hardware leases warehouse at Rechler Equity’s Hampton Business District
Home furnishings retailer Restoration Hardware has leased 16,000 square feet of warehouse space at Rechler Equity Partners’ Hampton Business District in Westhampton, according to Long Island Business News. “We’re excited about entering into this agreement and what it means for the Hampton Business District overall,” said Rechler Equity Partners co-managing partner Mitchell Rechler. The company plans to move office, warehousing and distribution functions to Westhampton. Rechler is providing Restoration Hardware with a turnkey installation, making it possible for the retailer to move in with few modifications. Restoration Hardware, founded in 1979, has more than 100 galleries and stores across the U.S. and Canada. The company opened its first Hamptons showroom on East Hampton’s Main Street in 2011 and operates an outlet in nearby Riverhead. [LIBN]

Westhampton beach houses move quickly to contract
A pair of Westhampton beach homes that were asking for $6.59 million and $7.29 million apiece went to contract after a little more than a month on the market, the New York Post reported. One is poised to sell for more than its ask, while the other entered into contract close to its ask, although the Post didn’t provide further information on the final sale prices. The cheaper of the two at 611 Dune Road sits at 5,069-square-feet with six bedrooms, six bathrooms, two half bathrooms, a vaulted ceiling and a pool. The other home at 167 Dune Road was built in 2016 and has five bedrooms, six-and-a-half bathrooms, two fireplaces and a pool. Both homes were listed with Enzo Morabito of Douglas Elliman. [New York Post]

Southampton mulls allowing more accessory apartments to ease housing shortage
Nearly 2,000 properties in Southampton Town could become eligible for accessory apartments under a plan designed to alleviate the South Fork’s housing crunch, according to Newsday. The town code requires that property owners have a three-quarter-acre lot to get a permit for an accessory rental. Local officials are weighing changing rules to allow permits for owners on half-acre lots in less densely populated hamlets such as Bridgehampton, Eastport, Flanders, North Sea, Northampton, Noyack, Tuckahoe, Water Mill and Westhampton. The plan dictates that those rents be kept at affordable levels to serve Southampton’s workforce. Newsday noted the number of eligible properties still wouldn’t meet the 4,729-unit shortage outlined in a 2008 housing study, a number that has likely risen over the last decade. [Newsday]

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