The Real Deal New York

Hamptons Cheat Sheet: Elliman broker lists own Southampton home for $13.99M, East Hampton inks $900K affordable housing deal … & more

By Aidan Gardiner | January 02, 2019 08:00AM

Clockwise from top left: Waterside home in Water Mill lists for nearly $15M, a Douglas Elliman broker lists her Southampton home for $13.99M, Southampton seeks a consultant for a proposed East Quogue golf course and an oceanfront Montauk home sells for $7.85M.

Douglas Elliman broker lists her Southampton home for $13.99M
Michaela Keszler, a broker with Douglas Elliman, has put her Southampton estate on the market for $13.99 million, according to the New York Post. The home at 104 Foster Crossing was originally built in 1930 by architects Polhemus & Coffin. It was first owned by former shipping mogul Vernon Brown. The 7,900-square-home has eight bedrooms, five bathrooms, two half bathrooms, four fireplaces, a library, sun room and staff quarters. The main staircase leads to the master suite, which has a separate sitting room along with a private terrace. The property also has a tennis court and a pool. Keszler, a perennial top East End broker at Elliman who once handled a Southampton home listing for Elliman chairman Howard Lorber, is representing her own property. [New York Post]

Property near Sag Harbor slated for affordable housing
East Hampton Town plans to buy a 4.2-acre parcel in Wainscott to build 20 to 30 affordable housing units, Newsday reported. Town officials reached a deal with Triune Baptist Church to buy the land off Route 114 near Sag Harbor Village for $900,000. They plan to hold a public hearing on Jan. 17 for the purchase. The outgoing chairman of the Opportunity Housing Fund Advisory Committee, veteran local Democrat Joseph “Job” Potter, is pushing East Hampton officials to continue identifying and buying vacant land to turn into affordable housing. Potter, a licensed realtor, urged East Hampton officials to create an affordable housing fund and implement affordable housing overlay districts where low-cost housing can be created. Potter would also like the town to build up to 15 affordable units per year and conduct an annual review to make sure the municipality meets such a goal. [Newsday]

Waterside home in Water Mill lists for nearly $15M
A 3,500-square-foot home on two acres in Water Mill has hit the market for $14.995 million, according to Curbed. The two-story home at 120 Bay Lane, built in 2000, has six bedrooms, seven bathrooms, hardwood floors, beamed ceilings in the living room, a fireplace and sliding glass doors that lead outside. The property, which sits at the end of a tree-lined drive, also has a heated pool, a sunken tennis court and a private dock with sunset views on a creek leading to Mecox Bay. Curbed cited Zillow numbers that value the property between $5.82 million and $7.94 million. Susan Breitenbach of the Corcoran Group is the agent on the listing. [Curbed]

Southampton seeks consultant for controversial East Quogue golf course
The Southampton Town Planning Board wants to hire a consultant to figure out whether to further study the environmental impact of a proposed 18-hole golf course that is supposed to be part of an East Quogue luxury housing development known as The Hills, 27east reported. Board members are not convinced that changes made to the proposal, which has already spawned a series of lawsuits, would delay it as it undergoes further review under the State Environmental Quality Review Act. Experts hired by both Southampton’s planning department and the developer behind the project, real estate tycoon Mike Meldman’s Discovery Land Company, insist the changes won’t spark any delays. Southampton Planning Board members want to find a firm that has not work for the town before and understands the relevant New York laws. “We need a fresh pair of eyes on it,” board chairman Dennis Finnerty. “No biases.” [27east]

Oceanfront Montauk home sells for $7.85M
A shingled, oceanfront home at 644 Old Montauk Highway that came on the market in May with an $8.3 million price tag has sold for $7.85 million, according to Curbed. The 0.89-acre property last sold in 2015 for $7.945 million. The 2,200-square-foot home, built in 1949, has three bedrooms, three bathrooms, an open floorplan, a large bay window in the living room, water views throughout and a fireplace. The grounds have private paths that lead to the sea, as well as a cabana and separate cottage atop a garage. Chris Coleman of Saunders & Associates represented the listing. [Curbed]