Hamptons Cheat Sheet: Mel Brooks’ former Water Mill home has price cut to $11.5M … & more

Former Mel Brooks property has price chopped to $11.5M
A Water Mill home that once belonged to comedy legend Mel Brooks that came on the market eight months ago for just shy of $12 million, has had its price cut down to $11.5 million, Curbed reported. Brooks and his wife, actress Anne Bancroft, bought the 2,000-square-foot oceanfront home in 2000 for almost $3 million and sold it a decade later for $5.3 million. Four years later, it sold again for $9 million. The home was originally built in 1968, but was later renovated. The home has three bedrooms, three bathrooms, wood-beamed ceilings, a brick fireplace, hardwood floors, and a wide open floor plan. It also boasts views of both the Atlantic Ocean and Mecox Bay. Mary Ann Cinelli of Brown Harris Stevens represents the listing. [Curbed]

Oceanfront Southampton home gets $4M price cut
A 5,535-square-foot home on 4.5 acres of oceanfront in Southampton had its price cut by $4 million, knocking its ask down to just under $23 million, Curbed reported. The home, which was built in 1999, has views of both the Atlantic Ocean and Shinnecock Bay. The home has an open floorplan, large windows, two levels of terraces, hardwood floors, a chef’s kitchen, and fireplaces in both the living room and its master suite. The property has 240 feet of direct ocean frontage, a private walkway to the beach along with a heated pool, and a spa. Erica Grossman of Douglas Elliman is the agent on the listing. [Curbed]

Southampton to vote on The Hills golf and housing development
The Southampton Town Zoning Board of Appeals is expected to vote Thursday on plans for a 118-unit subdivision and 18-hole golf course on 591 acres in East Quogue known as “The Hills,” Newsday reported. The project is spearheaded by Discovery Land Company, which claims it can build without a zoning change. Discovery Land has also filed an alternative plan for 137 units, 13 of which would be set aside for year-round workforce housing. The board will determine whether the development’s golf course constitutes a secondary primary use or an accessory use. [Newsday]

East Hampton estate with NBA history sells for $13.6M
A 3.2 acre estate that’s been on the market for four years has sold for $13.6 million, Curbed reported. Kevin Durant fortuitously decided to join the National Basketball Association’s Golden State Warriors while renting the East Hampton home for 10 days in 2016 for $100,000. Before the recent sale, the home belonged to interior designer Scott Sanders and his partner Peter Wilson. The 7,400-square-foot home originally listed for $21.5 million in 2014, but had multiple price cuts. The home has five bedrooms, five full bathrooms, three half-bathrooms, curved walnut entry doors, stone floors, a screened-in porch, and a master suite with a private balcony. On the grounds, there is a heated pool, a cabana with a gym and kitchen, a tennis court, and three-car garage. Patricia Wadzinski and Frank Newbold of Sotheby’s International Realty were the agents on the listing. [Curbed]

Riverhead OKs $40M sale of vast Calverton property 
The Riverhead Town Board approved the $40 million sale of 1,643 acres of Calverton land in a 3-2 vote, Long Island Business News reported. Calverton Aviation & Technology bought the property in a partnership with Triple Five Worldwide Group and Luminati Aerospace. Luminati is already based on the property, which is known as the Enterprise Park at Calverton. The new owners plan to redevelop about 600 acres of the property, which is zoned to accommodate 9.8 million square feet of development, into an industrial park. Calverton Aviation & Technology is required to build a minimum of 1 million square feet at the Enterprise Park within the first five years. [LIBN]