Author: Laura Euler

It’s time to make up a bunch of awards and hand them out to the most deserving people, places and things in the worlds of Hamptons real estate! That’s right; it’s time for the first ever Hot List. Today’s subject: the largest discounts of 2020.

301 and 317 Murray Place, Southampton

Initial asking price: $100 million

Sold for: $57.5 million

This was a very impressive sale this year brokered by Bespoke: two properties on the ocean in the prestigious Murray compond. The discount was also impressive: a staggering $42.5 million.

 

40 Association Rd, Wainscott

Initial asking price: $55 million

Sold for: $24.3 million

Lovely, iconic Kilkare just needed too much work (so the story goes) to justify the original ask. It closed for less than half of that, for a discount of $30.7 million. Bespoke again made the deal.

 

38 Two Mile Hollow Road, East Hampton

Initial asking price: $45 million

Sold for: $24 million

This long, slim oceanfront property featured a very attractive new build house–but alas, what held it back was its location next to a popular beach parking lot. The discount, after a whopping 7 years on the market, was $21 million. Susan Breitenbach pulled off the deal.

 

2020 Meadow Lane, Southampton

Initial asking price: $38 million

Sold for: $21 million

Mark Baron of Saunders sold Adrien Arpel’s oceanfront home. We weren’t a fan of the house itself, but the 9.75 acres of land is impressive indeed. The discount was $17 million.

 

80 Meadowmere Lane, Southampton

Initial asking price: $37 million

Sold for: $27 million

Bespoke again pulled off a major sale with 80 Meadowmere Lane, built in 2012 with top-of-the-line builders, architects and landscapers. The 3.11 acre property is pondfront and offers views of the ocean.

It’s time to make up a bunch of awards and hand them out to the most deserving people, places and things in the worlds of Hamptons real estate! That’s right; it’s time for the first ever Hot List.

And the first ever Hot List starts off with a bang, as we are seeking to honor the agents (not just one, but several) who really went above and beyond for everyone in the business–fellow agents, buyers, and of course sellers. Had a wonderful experience with a fellow broker this year? Let us know about it in this poll! The most popular nominees will be members of the coveted 2020 Hamptons Agent Hot List.

 

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Hey all–as most of you know, this site is a one-person deal. Unfortunately, said person had to take about a month off from blogging for illness, but now we’re back and more full of life than ever. Thank you, Smedley’s, the King of Cures!

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A friend of ours once asked us why we were planning a stone patio for our house. Why not brick pavers? We thought about it and answered, “Montauk is a stone kind of place.” It is–and no other house we know of exemplifies it better than this one at 34 Foxboro Road.

This rather amazing property was built in 1999 by Montauk builder Padden. Listing broker Jennifer Faga of Saunders says, “The entire home is hand placed stones accompanied by meandering driveway walls and gardens.” The stone walls with moongates and arches are really special, we think.

The house itself features high ceilings and attractive beams, and of course, more stone. Stone floors on the ground level feature radiant heat for cozy mornings. In all, there is 2,800 square feet of space, with 3 bedrooms, 3.5 baths, and a half acre of land, including two driveways.

Yes, the exterior does look a little fairytale like, as if Sleeping Beauty is inside, but it doesn’t seem to us to need that much work to bring it up to snuff. Asking price is $2.1 million, which sounds pretty reasonable in a hot market. Don’t be put off by needing to do a bit of work and you’ll find yourself the chatelaine of an amazing property.

• The Castle of Montauk [OE]

 

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This is a fairly generic Farrell house, of the overly-gambreled style of the mid-aughts. The only thing really interesting about it is who it belongs to, Wall Streeter, $1.2-billion-insider-trading-SEC-fine-paying and new Mets owner Steven Cohen. Cohen bought the place back in 2007 for $18 million; it’s on the tonier south side of Further Lane (which always reminds us of Lady Bracknell referring to the unfashionable side of Belgrave Square), but doesn’t have an ocean view.

But don’t weep for the Cohens’ lack of ocean view: he bought a new place on the ocean on Further Lane for $62 million, and then tore it down. After all, the old place was just 10,000 square feet. What zillionaire can squeeze into that? The new place he built clocks in at 24,000 square feet, not including the pool house. Finally, he can shake the dust off this non-oceanfront place.

Set on 2 acres, the house is just under that squeezeworthy 10,000 square feet. Repped by Ed Petrie at Compass, the spread is asking $27.5 million. Of course it includes all the bells and whistles of a Farrell house: tennis court, pool with pool house, nice kitchen, master suite, finished lower level with billiards room, gym, and staff quarters; elevator, and heated three car garage. There are 11 bedrooms in all, 11 baths, and two half-baths.

What do you think? Is the gambrel style still current?

• 96 Further Lane [Compass]

 

 

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Here’s a no-brainer. $2-$3 million is often considered the sweet spot for Hamptons real estate buyers. Well, how about spending on the low end of that and also getting oceanfront into the bargain?

This is a really cute midcentury (1950) bungalow snuggled into the dunes in Westhampton Beach. Of course it’s not huge, with three bedrooms and two baths and a small kitchen, but it’s all you might need. It’s even been rather adorably staged, though since the bathrooms aren’t shown, they might need updating. Or maybe not–we love vintage colored bathrooms. We’d rip down the mirror backsplash in the kitchen, though. Yeesh.

With 0.35 of an acre of land, though, there’s plenty of room to expand. Or even just knock it all down and rebuild, but we think the place is great as is. There’s nice decking outside, too, with places to eat and relax. The property, repped by Robert Canberg and Bianca Canberg at Compass, is asking $2.35 million. Go snap it up.

• Classic Sun-Drenched Hamptons Summer Beach House Opportunity [Compass]

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Veteran rap- and dance-records executive Cory Robbins, who helped break Run-DMC, will be relaxing on Great Plains Road, Southampton, in future. Number 291 is a gracious estate, set on 1.8 acres, with a classically elegant 12,000-square-foot house. Listed by Bespoke, the property sold five years ago for $16.125 million; since then it’s had a tennis court added and the interiors have been refreshed. For example, the very dark wood in the library is now much lighter and fresher; as is the home theater.

Listed again this year by Bespoke, the property was asking $21.5 million; it closed about a month ago for $18.1 million, $2 million over the 2015 ask.

The latest changes are very nice–basically the house was perfect as it was and at this level it’s just gilding the lily. Personally we’d prefer the rolling open lawn that used to be there before it turned into tennis, but hey, we’re not the buyer. The kitchen is virtually the same as before. In all, there are nine bedrooms, eleven full and three half baths; a very cute pool house; and the rather sought-after third story that couldn’t be built today. Just a wonderful property all through. Congrats to Mr. Robbins and congrats to Bespoke for selling it once again.

• 291 Great Plains Rd [Bespoke]

 

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Shingles, check. White picket fence, check. Clipped hedges and stone walls, check. Vines by the outdoor shower? Check. Lush green lawn to an old garage, well, yes. You name it, the exterior of this adorable cottage (so close to the village) has it.

The interiors, though? So chic it almost hurts, and yet, the shiplap walls and quality built-ins just continue the spell cast by this beguiling property. (No wonder it was in Elle Decor.) Perfect for a small family or a couple who wants an easier life, the house offers three bedrooms and three bathrooms (of course white and renovated).

So basically, the place is absolutely perfect. Asking $3.5 million, repped by Tim Kelly at Elliman, we can’t imagine this property will be on the market long.

• 39 Talmage Lane [Elliman]

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The Bay Street Theater announced today that it has purchased the shops at West Water Street, near its current location, where it will construct a new building with multiple theaters, spaces for new-work development, education facilities, outdoor performance spaces, and public spaces. The space is of course right next to John Steinbeck Waterfront Park, creating an exciting community resource.

“The creation of a permanent home for Bay Street has long been a goal for all of us at the organization, and I’m thrilled that, along with the Friends of Bay Street, we are able to build upon the work of our visionary founders Sybil Christopher, Emma Walton Hamilton, and Stephen Hamilton, to make that dream a reality,” said Tracy Mitchell, executive director of Bay Street Theater, in a statement. “I’m incredibly grateful to Bay Street Theater’s chairman, Steven Todrys, and the entire board of trustees for their support and leadership at this incredible juncture as we enhance the artistic contributions we make to the field and the home we provide to our wonderful community.”

For this project, Friends of Bay Street & Sag Harbor Redevelopment, a separate nonprofit organization, was created to oversee the land acquisition, financing, fundraising, design, and overall site development. And don’t worry, Slurpee lovers, Friends of Bay Street is working with the owners of the small businesses currently in the building relocate to new sites in town.

Friends of Bay Street currently plan to break ground in mid-2021, with completion anticipated in 2023. And don’t worry–for those of us who love the intimacy of Bay Street’s current theater stage, the new mainstage will be similar. Yet the facility’s flexibility will allow Bay Street to offer even more original works, co-productions, and partnerships. More details will be announced in the coming months.

“Today is a foundational next step in the history and ongoing trajectory of Bay Street Theater as well as for the Sag Harbor community,” said Adam Potter, Friends of Bay Street founder and chairman, in a statement. “The location of the new complex will offer residents and visitors access to the revitalized waterfront and even more space for productions and community offerings, expanding the theatre as a hub for engagement and creativity. Not only is the project an investment in the future of both Sag Harbor and nonprofit theatre, it allows Bay Street Theater to expand its role as a major cultural, civic, and economic resource in the region.”

• 22 Long Island Avenue, Sag Harbor [Elliman]

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Get on out of the house and get started with the holiday season by heading over to the Carriage House at the Southampton History Museum! Friday, November 27, and Saturday, November 28, the museum is holding a silent auction of tabletop Christmas trees created by well-known designers, including our own personal favorite Martha Stewart. The auction begins 10AM on Friday and ends at 4PM Saturday, so be sure to hop on by and bid.

But the excitement doesn’t stop there, as the Carriage House Holiday Shop opens the same days. It will be filled with the kind of great finds seen all summer in the Thrift Shop, plus lots of even better stuff the shop has been saving especially for the holidays. (So get there early to nab the nicest!) Brinf your gift list, as in addition to the amazing collection of vintage jewelry, handbags and clothes, there will be ornaments–new and vintage–stocking stuffers for children, books about Southampton, and items by local artisans.

And in the year of Covid, don’t worry. Tom Edmonds, executive director of the Southampton History Museum, says, “This is a great way to get the family out after Thanksgiving and begin a festive season. The museum grounds are a safe haven for fun with all Covid restrictions in place including limited entrance, required facemasks, temperatures taken and hand sanitizing applied before entering.”

The museum is at 17 Meeting House Lane, Southampton. See you there!