Year’s most expensive home in Sag Harbor sold for $15M

Property goes into contract after just 60 days on the market

Tri-State /
Nov.November 19, 2020 01:00 PM
23 Ezekillis Hollow in Sag Harbor (Photos courtesy of Compass)

23 Ezekillis Hollow in Sag Harbor (Photos courtesy of Compass)

The most expensive home sold in Sag Harbor in 2020 went into contract after just 60 days on the market.

The 10,000-square-foot residence at 23 Ezekillis Hollow sold for $14.5 million, which was $1 million under its asking price. It is the fourth highest price ever on the North Haven waterfront.

The newly built, two-story home sits on nearly two acres and features eight bedrooms and eight full baths.

As lockdowns continue to plague the city, the suburbs, and especially their luxury market, have gotten a boost.

“We saw a year-round community growing in the Hamptons — Covid was just gasoline on that trend,” said Matt Breitenbach, the Compass broker for the property. “When the luxury market gets cooking, it really heats up the rest of the market.”

Of homes bought between April and June, one in four were priced at $500,000 or more, up from 14 percent during the preceding nine months, according to a National Association of Realtors survey of more than 8,000 people who bought primary homes in the 12 months ending in June.

The median household income of buyers also increased significantly, hitting $110,800, compared with $94,400 for pre-pandemic buyers.





    Related Articles

    arrow_forward_ios
    Kyle Barisich (iStock)

    Break a leg: Broadway actor turns Hamptons broker

    Break a leg: Broadway actor turns Hamptons broker
    (iStock)

    Mortgage requests surge ahead of Thanksgiving

    Mortgage requests surge ahead of Thanksgiving
    Vanke US managing director Kai-yan Lee, RFR’s Aby Rosen and 100 East 53rd Street (Photos via Foster + Partners and Getty)

    Vanke seeks to remove RFR from Midtown condo project

    Vanke seeks to remove RFR from Midtown condo project
    Hippo founders Assaf Wand and Eyal Navon (LinkedIn)

    Home insurance startup Hippo raises $350M

    Home insurance startup Hippo raises $350M
    Prices increased 6.6 percent year-over-year in September (iStock)

    US home prices surged 6.6% in September

    US home prices surged 6.6% in September
    From left: Edison Properties CEO Robert Selsam, Ironstate Development's Michael Barry, Stellar Management founder Larry Gluck (LinkedIn; Gluck Family Foundation)

    These developers could benefit the most from Soho’s rezoning

    These developers could benefit the most from Soho’s rezoning
    176 North 6th Street and 16 South Portland Avenue in Brooklyn (StreetEasy; Google Maps)

    Brooklyn luxury market surges with nearly $73M in contracts

    Brooklyn luxury market surges with nearly $73M in contracts
    1045 Madison Avenue and 300 Central Park West (The Benson; Wikipedia Commons)

    Manhattan luxury market shows signs of progress with 25 deals

    Manhattan luxury market shows signs of progress with 25 deals
    arrow_forward_ios

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

    Loading...