Hamptons Cheat Sheet: Bravo TV’s Andy Cohen buys on Amagansett oceanfront, vacant Sagaponack parcel sells for $11.3M… & more

TRD TRI-STATE /
Mar.March 13, 2019 05:00 PM

Clockwise from top left: Another price cut hits an “eccentric” East Hampton home that “nobody wants to buy,” an empty Sagaponack property tops several recent high-end resi sales and trades for $11.25M, the Montauk Library could expand and get a “fisherman’s center” with a $7.5M renovation proposal and Andy Cohen seeks to snag an empty oceanfront Amagansett property last priced at nearly $6M.

Andy Cohen eyes oceanfront Amagansett property at nearly $6M
Bravo talk show host Andy Cohen is planning on purchasing a waterfront property at 161 Marine Boulevard in Amagansett that was last listed for $5.9 million, according to Behind the Hedges. The site noted that former “Sex and the City” star Sarah Jessica Parker helped find the property for veteran East End denizen Cohen, a longtime resident of Sag Harbor. The 0.56-acre parcel is currently vacant, but had previously listed a year ago for $7.25 million. The land itself was bought for $2.9 million in 2007, according to Curbed, which noted that the property’s ocean frontage spans 125 feet. The property also reportedly has permits for a house with a deck and a walkway to the beach. Cindy Shea of Sotheby’s International Realty has the listing. [Behind the Hedges]

Empty Sagaponack property trades for $11.25M
A vacant property at 24 Fairfield Pond Lane spanning 4.34 acres sold for $11.25 million, 27east reported. The buyer is listed as Elle Mara Sagaponack Holdings LLC. Bates Masi Architects has already reportedly designed a 12,000-square-foot estate for the property with seven bedrooms, eight bathrooms, a three-car garage, a guesthouse, tennis court and a pool with a pool house. Bryan Midlam of Compass had the listing, which 27east noted topped the recent $9.68 million sale of 840 Sagaponack Main Street. That 3.3-acre property came on the market in September 2017 with a nearly $15 million price tag, but it was cut down over time, according to Curbed. The Corcoran Group’s Susan Breitenbach had the listing for the 9,200-square-foot home, which was built in 2003 and has eight bedrooms, eight bathrooms, two half bathrooms, a formal dining room, chef’s kitchen, a playroom and a gym. The grounds include a pool, outdoor kitchen, fire pit and a pool house, as well as an orchard growing blueberries and raspberries. Elsewhere in Sagaponack, 27east reported that a 8,000-square-foot shingled home at 34 Herb Court sold for $5.7 million. Vincent Horcasitas of Saunders & Associates had the listing for the property, which has six bedrooms, seven-and-a-half bathrooms, coffered ceilings, a theater, gym, wet bar with granite countertops and a heated pool. [27east]

Westhampton Beach’s Oneck Estate demolished due to flooding
Oneck Estate, a distinctive home with a red terracotta roof that stood on the edge of Moriches Bay, has been torn down as its owners plan to divvy it up into four lots, 27east reported. The 4.52-acre property at 285 Oneck Lane sold last year for $6.5 million to a limited liability company. It was previously sold in 1999 for $2 million and then listed in 2013 for $17.5 million before coming on and off the market in subsequent years with various price cuts, Curbed reported. The 10-bedroom estate was built around 1908, but the water table has risen since then, putting it six feet below Federal Emergency Management Agency requirements. The first floor of the home would reportedly sometimes flood and large puddles often spring up on its grounds. The new owners decided that it would be cheaper and more practical to simply raze the home, Brown Harris Stevens’ Daniel Sullivan told 27east. Sullivan, who represented the estate’s seller in 2018, will now also handle the subdivision sales. “We looked at it from a lot of different angels and it just couldn’t be saved,” he said. Construction crews will now be tasked with elevating the property so it can accommodate future homes. [27east]

‘Eccentric’ East Hampton home gets another price cut
With scant interest from would-be buyers, East Hampton’s Bioscleave House has cut its price again, to $1.29 million, the New York Post reported. The home, which supposedly prolongs the lives of its inhabitants, is made up of two connected buildings spanning 3,400 square feet. It first came on the market in 2011 for $4 million, re-listed last July for $2.49 million and had its price cut again to $1.49 million back in January. Built in 2008 and designed by the late avant-garde architect Madeline Gins and her artist husband Arakawa, the brightly colored home’s uneven terrain forces those inside to “move through life differently,” according to 2016 story from the Awl. But the Post noted that’s the problem. “It’s only going to be attractive to a certain segment of the buying population who likes eccentric… idiosyncratic houses,” one anonymous Hamptons broker told the paper. On top of that, scientists have said that the home’s longevity claims are bogus. “From a scientific point of view, there’s no basis in what they’re saying,” Dr. Ted Strange told the Post. Jose DosSantos of Brown Harris Stevens has the listing. [New York Post]

Montauk Library’s $7.5M reno plan touts ‘fishermen’s center’
Officials want to spend $7.5 million to renovate the Montauk Library for the first time since the building was constructed in 1991, according to The East Hampton Star. The project would add 5,000 square feet to the space, but library officials said its footprint would expand by only 1,600 square feet. The extra room would be gained by filling in double-height interior areas. The expansion plan also calls for a 1,150-square-foot addition with a basement on the east side of the building to house a new “local history and fishermen’s center,” along with a gallery space, the outlet reported. The proposed renovation would triple the amount of children’s space in the library and create an area for teenagers, while also adding a cafe to its mezzanine level, a quiet study area, more meeting rooms and storage space, as well as building out a terrace and expanding archival space. Library officials hope to pay for the project with a 20-year bond that will be put to a vote at the Montauk Public School on May 21. If passed, taxpayers could expect to pay about $6.67 more a month or about $80 a year in bond service. Further discussion of the proposal and public comment will take place on March 17, March 18, April 27, May 1, May 7 and May 15. [EHS]


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