From top: 1990 Meadow Lane in Southampton, 92 Cooper’s Neck Lane in Southampton.
One thing this feuding family can agree on is there are 14.5 million good reasons to sell
Art dealer Sam Salz died in 1981, but his family is still sorting out his estate. There is an unresolved lawsuit over some paintings — just a Claude Monet, a Pierre-Auguste Renoir and an Edgar Degas — but the fate of his eight-acre plot at 1990 Meadow Lane is sealed. The 7,448-square-foot, five-bedroom, 7.5-bathroom house sold for $14,500,000. New owners can enjoy the property’s 3,300 feet of direct oceanfront, along with an in-ground pool, an in-house library, an elevator and a three-car garage. Austro-Hungarian by birth, Salz moved to Paris to become a painter, but made his name instead by dealing in works made by artists he met there, including Picasso, Matisse and Chagall. [27 East]
118-year-old Carnegie cottage in Southampton on sale for $29.5M
Built in 1899 for former judge Alonzo Castle Monson, the historic cottage at 92 Coopers Neck Lane later belonged to Virginia Beggs Carnegie, who named it Clyden after a river near the Carnegie family’s Scottish hometown. The 12,000-square-foot home has 11 bedrooms and 14 bathrooms and sits on 4.6 acres, which also include an in-ground pool and tennis court. The property was on the market for $37.5 million two years ago, but is now listed at $29.5 million. [Behind the Hedges]
After two years on and off the market, East Hampton estate is listed in parcels
A nearly 13-acre compound on Springy Banks Road in East Hampton can now be purchased as a whole or in pieces. In April 2016, the compound was listed for nearly $20 million. A year later it was marketed at $18.95 million. Now, interested buyers may purchase just the 8-acre piece of the property where the 4,325-foot home sits for $11,995,000. The two other smaller plots are waterfront building parcels that can be sold separately. And the option remains to buy all three lots for $18.95 million. Ed Petrie, Washington Duke and Lori Schiaffino of Compass have the listing. [Curbed]
Price level receding on North Haven waterfront home
At high tide, the price of the 3,331-foot home at 11 Robertson Drive was $22 million, but it’s now listed at $13.495 million. The 2.9-acre property went on the market in 2014, got a price cut in 2015 and another in 2016. This July, the four-bedroom, four-bathroom home was on the market at $14,995,000, but has had another $1.5 million trimmed off that price. Susan Breitenbach of the Corcoran Group has the listing. [Curbed]
Southampton set to review false alarm fines
The Southampton Town Board is considering changing its policy regarding false fire alarms. Currently, home and business owners get one free pass but can be fined increasing amounts for each time authorities respond to a false alarm after that — regardless of how much time passes between incidents. A town meeting will be held next week to consider resetting the false alarm count after five years. The Southampton Fire Department responds to more than 800 false alarms a year, and the town collects about $600,000 annually in false alarm fines, 27East reported. [27 East]