Hamptons Cheat Sheet: Historic Southampton property with 3-hole golf course lists for $15.9M … & more

Mar.March 27, 2019 01:15 PM

Clockwise from top left: Bridgehampton estate once owned by Kenneth Lonergan sells for nearly $2.5M below its last ask, a waterfront Southampton property with 3-hole golf course lists for nearly $16 million, 10 Riverhead properties are cited for violations and a pair of Montauk motel properties sell for a combined $7M.

Southampton property with 3-hole golf course lists for $15.9M
A 12-acre property laid out in the shape of an “L” on Shinnecock Bay has hit the market with a $15.9 million price tag, Behind the Hedges reported. The property at 520 Montauk Highway has been divided up into seven parcels, all of which are on one of the highest points in Southampton, according to its listing held by the Corcoran Group’s Tim Davis. The property’s three-story home was built more than a century ago by late East End architect Grosvenor Atterbury and is about 8,000 square feet, containing five bedrooms and five-and-a-half bathrooms. There’s a three-hole golf course and a carriage house on the grounds as well. But the new buyers can get even fancier if they wish: the property’s parcel on the waterfront has approvals for a 4,200-square-foot home and a pool. The land once held a Horizon Hills motel, according to Behind the Hedges. [Behind the Hedges]

Riverhead issues 100 citations for 10 downtown properties
After a “major crackdown,” Riverhead officials issued more than 100 violations to downtown property owners whose properties were riddled with animal infestations, exposed asbestos, leaky roofs, unsafe electrical wiring, cracked foundation walls and other problems, Newsday reported. Some of those buildings had not been inspected in a decade and had deteriorated to the point that they were “unsafe for potential businesses looking to relocate to Riverhead’s downtown,” supervisor Laura Jens-Smith said at a press conference. Riverhead officials declined to identify the properties or their owners at the press conference, but Town Attorney Robert Kozakiewicz said that three of the violating properties are at 53-55-59 Main Street, 117 East Main Street and 103-105 East Main Street, all of which are vacant, according to the Riverhead News Review. Vacant buildings have drawn the attention of local officials like councilwoman Catherine Kent. “Some owners seem to sit on their buildings, asking high rent and waiting for revitalization, and yet their buildings actually hold up revitalization,” she told the outlet. [Newsday]

Bridgehampton estate sells for nearly $2.5M below last ask
The onetime East End property owned by Kenneth Lonergan, the scribe who co-wrote “Gangs of New York,” has sold for $9.58 million, according to 27east. The property, which went to contract in January, hit the market in March 2017 with an $11.95 million price tag. Lonergan, who also wrote and directed “Manchester by the Sea,” had lived in a home on the property that was later torn down. He sold the parcel in 2015 for $3.7 million. The newer home at 70 Matthews Lane was designed by Bobby Alpine and James Michael Howard, both of whom won an Institute of Classical Architecture and Art award in 2017. The 12,000-square-foot home has seven bedrooms, seven bathrooms, 30-foot-tall cathedral ceilings, a home theater, a bar and a recreation room with its own fireplace. Gary DePersia of the Corcoran Group and Martha Gundersen of Brown Harris Stevens had the listing for the property, which was sold to DePersia’s buyer, a limited liability company. [27east]

Two motels sell in Montauk as the spring selling season heats up
Could vacationers have new hospitality options in Montauk by this summer? Harrington Property Associates sold Gosman’s Culloden House Motel at 540 West Lake Drive to an LLC for $3.47 million. That property, located next to Montauk’s famous Gosman’s Dock seafood restaurant, sits on about 0.72 acres. Harrington Property Associates also sold 17 Soundview Drive to an LLC for $3.42 million. The property, which is classified as a motel according to PropertyShark records, was owned by Harrington and Roberta Gosman — eldest child of the founders of the eponymous restaurant — who died last May at 85. She had managed Gosman’s Dock, served for seven years on the East Hampton Town Planning Board and was an ardent supporter of local arts. [27east]

Town of East Hampton wants buy 2 waterfront properties
The Town of East Hampton plans to buy two waterfront properties in the Shepherd’s Neck area of Montauk, according to 27east. Both properties, which are each priced just above $1 million, are just more than half an acre apiece and have substantial wetland areas on them. East Hampton plans to use money from its Community Preservation Fund. One of the properties has a home that will be torn down should the plan move forward. The Town Board has already approved the $1.1 million purchase of a property at 35 South Endicott Place, which had permits for a 2,000-square-foot home due to now-expired variances it received from the local Zoning Board of Appeals. East Hampton would be buying the property from Douglas Moore, who also owns an adjacent property. Critics of the deal claim that Moore would essentially get an “extended backyard” through the town’s purchase. The other property at the northern end South Elroy Drive is owned by Mark and Marisa Borek, who have listed the parcel for some time and must pay to tear down the home on it if a sale goes through. East Hampton plans to hold a public hearing on April 4 to discuss the proposed deal. [27east]

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