Hamptons Cheat Sheet: Christie Brinkley sells Sag Harbor mansion for $17.5M, Hampton Bays motel conversion moves forward… & more

Feb.February 12, 2019 05:30 PM

Clockwise from top left: A Water Mill estate hits the market with an $18.4M price tag, Christie Brinkley sells her Sag Harbor mansion after hacking almost $8M off the price, a North Haven estate returns to the market after chopping its ask down to nearly $6.8M and an East Hampton property home to Goldberg’s Famous Bagels trims its listing price to $4.5M.

Christie Brinkley’s Sag Harbor home sells after steep price cut
Not even Christie Brinkley is immune from price pressures in the Hamptons home sales market. The model is now in contract to sell her wood-shingled Sag Harbor mansion at 1 Fahys Road for just under its last ask of $17.5 million, according to the New York Post. The 4.44-acre property first listed for $25 million in October 2016 — about 30 percent more than it finally moved for — and it was reduced to $20 million in mid-2017. Brinkley, who skyrocketed to fame when she appeared on the covers of Sports Illustrated’s swimsuit issue in the late 1970s, wanted to sell because she reportedly didn’t use the home as often as she once did. Enzo Morabito of Douglas Elliman handled the listing, while the Corcoran Group’s Susan Breitenbach represented the buyer. The 5,500-square-foot home has five bedrooms, a master suite with a private terrace, a bayside pool and 327 feet of beach frontage. [TRD]

Hampton Bays motel conversion progresses after approval
The Southampton Town Planning Board unanimously approved an application by the owners of the Tiana Pines Garden Apartments to convert their Hampton Bays motel into an apartment complex, 27east reported. Currently, the motel has 16 units, but town officials requested that the owners add three affordable units. The latest approval follows others by the Suffolk County Department of Health Services and the Town Zoning Board of Appeals. The motel had already been illegally operating as an apartment complex for more than 20 years. The owners, Domenico and Vincenza Iadevaia, tried to get a variance in 2013, but were initially denied. To secure the approval, the owners agreed to various property improvements. The owners will lose that approval if they fail to file their improvement plans within 90 days. The Tiana Pines Garden project comes as a similar effort is underway in Hampton Bays to renovate the Canoe Place Inn for $110 million. That project broke ground in December. Gregg and Mitchell Rechler of the Rechler Equity Partners plan to build 37 townhouses on the east banks of the Shinnecock Canal by 2020. [27east]

Famed East End bagelry’s East Hampton home cuts ask to $4.5M
A 10,856-square-foot commercial property in East Hampton that hit the market last summer seeking nearly $6 million has sliced down its asking price. The three-unit building at 100 Pantigo Place, whose tenants include Goldberg’s Famous Bagels, a well-known shop for those craving calories on the East End, is now seeking $4.5 million, as noted in a mid-January update to its listing price. The property can hold up to three businesses in its distinct units, or combine all three into one larger space. One prior tenant, Hampton Beverage East, closed its doors last year after three years in business, reportedly “due to owner disagreements,” 27east noted at the time. Goldberg’s, however, has been on a month-to-month lease as it awaits another busy Hamptons summer. Douglas Elliman’s Justin Agnello, Hara Kang and James Keogh have the listing. [Douglas Elliman]

Water Mill new build hits market with $18.4M price tag
A 12,708-square-foot home at 150 Rose Hill Road in Water Mill is now up for sale with an ask of $18.4 million price tag, Curbed reported. The three-floor home has nine bedrooms, 14 bathrooms, a double-height foyer, masonry fireplaces and a butler’s pantry off the kitchen. The first-floor master suite has its own library, powder room and 15-foot-high ceilings, along with couple’s closets and radiant-heated bathrooms. The new construction home, developed by Southampton-based Lifton-Green Builders and designed by David Scott Interiors, has a gym, theater, wet bar, wine room and staff suite on its lower level. The 4.26-acre property also includes a sunken tennis court, pool, spa and an outdoor kitchen. Curbed noted that while the home has access to Mecox Bay and a coveted south-of-the-highway address, its new owners would still need to drive on the highway in order to get to the Atlantic Ocean. Bespoke Real Estate has the listing. [Curbed]

North Haven estate returns to market with price cut to $6.8M
A 10,000-square-foot estate in North Haven that previously listed for $9.5 million in July 2016 has been brought back on the market for $6.75 million, Curbed reported. The move comes after the home’s price was dialed back to $8.85 million in November 2016, according to the outlet, but failed to attract enough buyer interest and was pulled from the market. The home at 49 Robertson Drive, which is near Sag Harbor, was designed by local architect David Sherwood. The 2-acre property has eight bedrooms, nine bathrooms, three half-bathrooms, a glass sunroom, chef’s kitchen, theater and wine cellar, as well as second floor master suite with a private balcony. There is also a pool, hot tub, pergola and a two-car garage with lift capability. The home comes with deeded access to a nearby beach and mooring rights. Frank and Dawn Bodenchak of Sotheby’s International Realty have the listing. [Curbed]

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