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The long-aborning Hook Mill Estates project, first mooted more than seven years ago, is finally hitting the market. A subdivision with 11 house lots on 10.5 acres off Accabonac Road in East Hampton Village, Hook Mill Estates already boasts one sold plot and another under contract.
Interestingly, the designs differ from past renderings. At first the houses were going to be in an early American style, in keeping with the surrounding area. Then, a year ago, plans were for boxy modern homes, which would cost about $6 million each. Now the rendering shows a mashup between the two, a modern transitional asking $4.5 million for 4 Therese Court. (Therese Court is the road built to service the houses.)
We think that’s a good price point. Yes, some people will scoff at paying $4.5 million for a property abutting the train tracks. Then again, some people place a heavy premium on being in the village, and the market shows no sign of letting up demand for new builds. The properties are all about a half acre, with pools and pool houses. 4 Therese Court will offer 5 bedrooms and 5.5 baths in about 4500 square feet. (The best plot, 12 Therese Court, on a flag lot, has been sold already.)
What say you? Will Hook Mill Estates sell quickly?
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