Here’s a reader’s comment from yesterday’s post:
Could you write about your thoughts on the Windmill Lane oceanfront in east hampton that just got listed for 72 million (trying to make a 30 million profit in three months with no renovation) ?! Or the new meadow lane that just got listed for 53 million?! The readers want to hear the latest and greatest on all oceanfront!
Why, certainly!
First up, our thoughts on the Windmill Lane oceanfront relisted for $30 million more three months after purchase:
Sometimes we wish we were born with the brass neck (or similar metallic body parts) to do something like this. Ah, well, guess that’s one reason the seller can afford to buy $42 million properties while we just write about ’em.
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As for the $52.5 million Meadow Lane property, we think that ask is a serious reach. The property was built in 1982 by Fred and Phyllis Pressman, son and daughter-in-law of Barneys New York founder Barney Pressman. It was designed by well-known NYC architects Beyer Blinder Belle.
Now, we’re a sucker for a building with a fake-thatch roof. The house looks very similar to some large Arts and Crafts homes you might find in the English countryside (though they wouldn’t have real or fake thatched roofs). And since Arts and Crafts is our favorite style, the exterior gets a big thumbs-up from us. There are also a generous three acres of land, which of course includes a pool and tennis, not to mention 200 feet of oceanfront. Great.
The interiors are disappointing, though. This seems like the kind of house that was designed from the exterior in–the lovely facade makes for some awkwardly shaped and placed rooms. Plus, the interior design is dated, fussy, and frankly, kind of jangles our nerves–too many railings and skinny legged-tables. The interior is just not what a buyer wants today. The kitchen is quite small for today’s tastes, and so on. It’s possible that a good architect could reconfigure the space into the bigger rooms that are in style today–we don’t know. It’s about 6000 square feet, with 7 bedrooms, 6 full and 2 half baths.
The property is repped by Tim Davis at Corcoran. We’ll be interested to see what happens with it.
- 346 Meadow Lane [Corcoran]
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