Christie Brinkley parting with Hamptons mansion after nearly $8M price chop

The asking price was cut to $17.5M from $25M in 2016

Tri-State /
Feb.February 07, 2019 01:15 PM

1 Fahys Road in Sag Harbor with Christie Brinkley (Credit: Getty Images and Douglas Elliman)

Model Christie Brinkley is parting ways with her Sag Harbor mansion — for nearly 30 percent less than its original asking price.

Brinkley is in contract to sell the property at 1 Fahys Road for just under its most recent asking price of $17.5 million, the New York Post reported. It was first listed for $25 million in October 2016, and the price was reduced to $20 million in 2017. Brinkley previously said she “had the time to use the house as much as I used to.”

Douglas Elliman’s Enzo Morabito had the listing, and Corcoran’s Susan Breitenbach reportedly represented the buyer.

The sale comes as the residential market slowdown has seeped into the Hamptons. In the fourth quarter, the Hamptons market saw a 35 percent decline in sales versus a year earlier, according to Douglas Elliman. At the same time, listing inventory surged 81 percent.

The property sits on 4.44 acres and has 327 feet of beach frontage, the report said. It also has a bayside pool and gardens. The home itself spans about 5,500 square feet and includes five bedrooms and four fireplaces. Built in 1843, the home also has a master suite with a private terrace. [NYP] — Meenal Vamburkar


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
David Bitton, CMO and co-founder of DoorLoop and Ori Tamuz, CEO and co-founder of DoorLoop (Bitton, DoorLoop, Getty)
Startup DoorLoop to take on goliaths in rental management software
Startup DoorLoop to take on goliaths in rental management software
Richard Grossman
Brown Harris Stevens’ NYC president Richard Grossman steps down
Brown Harris Stevens’ NYC president Richard Grossman steps down
The six bedroom Sagaponack house (Out East)
Sagaponack mansion lists for $32M in East End’s supply-constrained market
Sagaponack mansion lists for $32M in East End’s supply-constrained market
Home sales dipped in August after two months of increases
Home sales dipped in August after two months of increases
Home sales dipped in August after two months of increases
Here are the homes that billionaire Paulsons will spar over in divorce
Here are the homes that billionaire Paulsons will spar over in divorce
Here are the homes that billionaire Paulsons will spar over in divorce
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...