CFF Real Estate Developers Pair of Montauk Beach Houses

Lining up on the starting grid of the Indianapolis 500 is an adrenaline-pumping moment, but it doesn’t compare to attempting to sell not one, but two luxury spec homes in Montauk.

CFF Real Estate’s Alessandro Zampedri is listing The Maple Villas at 18 and 22 Maple Street in the Hamptons enclave for a combined $38 million, according to Robb Report. The soon-to-be-completed waterfront homes are being listed separately, though there are similarities, such as waterfront locations and the turnkey nature of each.

Italian architect Piero Lissoni designed the adjacent properties, working with the former race car driver. Both homes occupy nearly an acre of land and span 9,000 square feet with 180-degree ocean views.

The more expensive of the two is 18 Maple Street, which is being marketed for $19.5 million. The six-bedroom home features an office, cinema room, wine cellar, gym and roof deck. The first level has floor-to-ceiling windows that slide open towards an outdoor patio, a pool and a hot tub.

Less than half a football field away sits 22 Maple Street, which is being offered for $18.5 million. The home is designed in the reverse fashion of its counterpart, featuring common areas on the top floors. The property has two pools and an elevator.

Kyle Rosko and Marcy Braun of Douglas Elliman’s Eklund Gomes Hamptons share the listing. He told Robb Report that the possibility is out there for a buyer to snag both homes, even though they are being offered separately.

Zampedri’s first career was as a race car driver, a profession that lasted for two decades and included three starts in the famed Indy 500. Since then, he’s become a real estate mogul, part of leadership at Sanba Partners. The Bowery House in Manhattan is arguably his best known development.

New signed contracts rose in the Hamptons and the North Fork last month, according to Miller Samuel’s monthly report for Douglas Elliman, while new listings declined. Constrained supply is one of the most notable features of the market, something two luxury homes won’t put much of a dent in.

— Holden Walter-Warner