Hamptons Cheat Sheet: Shelter Island’s Ram’s Head Inn relists for $9.75M, oceanfront Quogue mansion cut to $17.9M … & more

Shelter Island’s Ram’s Head Inn up for sale with $9.75M price tag
The 90-year-old Ram’s Head Inn on Shelter Island, which also contains a restaurant and venue, has hit the market again for $9.75 million, Curbed reported. The 12,000-square-foot inn has a three-story Colonial-style manor house with 22 rooms; indoor and outdoor events spaces; a 110-seat restaurant and a 5,000-square-foot unfinished basement. The 4.3-acre property at 108 Ram Island Drive also has an all-weather tennis court, regulation-sized bocce court, deep water docks, eight moorings and 800 feet of west-facing water frontage on Coecles Harbor. There is another 2.2 buildable acres that could be added to the purchase, although a price for the additional parcel could not be confirmed. Peter Humphrey of Douglas Elliman has the listing. The inn had previously tapped the Corcoran Group when it listed for nearly $12 million in January 2017. Marcus & Millichap then took over the listing later that year after the compound took a $1 million price cut. James and Linda Eklund of Shelter Island-based Reich/Eklund Construction have owned the inn for the past 37 years. [Curbed]

‘Sandcastle’ on Dune Road gets $1.1M price chop
A mansion on the waterfront in Quogue has had its price tag trimmed by $1.1 million, dropping it down to $17.9 million, Curbed reported. The 9,000-square-foot home at 216 Dune Road, also known as the Sandcastle, first listed three years ago for $24 million. Built in 2015, the home has five bedrooms, seven-and-a-half bathrooms, hardwood floors, spacious entertaining areas, several fireplaces throughout and living room doors opening out onto an oceanview deck. On the lower level, there is a kitchenette, putting green and another lounge room. Elsewhere on the property, there is a heated infinity pool and a private walkway to the ocean. Jeremy Ryan of the Corcoran Group has the listing. Before the home was built, its empty property sold in 2008 for $7.8 million. [Curbed]

Riverhead solicits feedback on building height rule change
The Riverhead Town Board will hold a public forum on Jan. 31 to allow residents to make comments and give suggestions about a proposal by the Downtown Revitalization Committee to raise the building height limit, Newsday reported. Under the proposal, the maximum height for buildings would be two stories, or 24 feet. They could, however, climb to three stories with the transfer of development rights and reach four stories with the full purchase of development rights. The restrictions would apply to the DC-1 downtown zoning district. Riverhead has been looking to redevelop parts of its downtown. At regular meetings on Dec. 18 and Jan. 3, property owners expressed worry that the proposed zoning changes would limit potential uses for buildings, inhibit economic growth and their own income. [Newsday]

Sagaponack home with pond, music studio sells for $9.95M
A 3.3-acre property in Sagaponack that has been on and off the market over the past few years has sold for $9.95 million, according to Curbed, which cited data from Out East. The final sale price of the home at 836 Sagg Main Street is down from a previous listing price high of nearly $16 million. The home has eight bedrooms, 10 bathrooms, tall mahogany ceilings in the living room, floor-to-ceiling windows and doors along with a master wing with its own private massage room. The lower level of the home has a walk-in wine cellar, a media room with a wet bar, a gym and music studio. Outside, there is a waterlily pod, a heated gunite pool and a tennis court. Corcoran Group had the listing for the 9,633-square-foot property until it was picked up by Bespoke Real Estate. [Curbed]

Hudson Yards architect’s Southampton home lists for $2.99M
Alexander Cooper, an architect who designed Hudson Yards and the expansion of the Museum of Modern Art, has put his Southampton home on the market for $2.99 million, according to the New York Post. The 2,000-square-foot home at 659 Hill Street is relatively modest compared to some of Cooper’s urban planning projects such as Battery Park City and the Times Square Theater District. The home, which property records show was purchased by Cooper for $1.25 million in 2013, has three bedrooms, two-and-a-half bathrooms, an open living-dining area and a partially finished basement. Built in 1920s, it was fully renovated and has a gourmet kitchen with new appliances. Priscilla Garston of Douglas Elliman has the listing. [New York Post]

State Farm inks long-term lease at Hampton Bays shopping center
The insurance company State Farm has signed a long-term lease for 1,500 square feet at the Tiana Plaza shopping center in Hampton Bays. Bill de Seve and Robert Delavale of Garden City-based Breslin Realty Development Corporation negotiated the transaction for the center’s landlord. Other tenants of the plaza, located at 252 West Montauk Highway, include Dollar Tree, Domino’s, HSBC, Planet Fitness, Wild by Nature and others. There is still 11,000 square feet of retail space available. State Farm operates more than 340 offices throughout the country. Breslin Realty also recently announced new tenants for its Sayville Plaza property. [Breslin Realty]