In a hot real estate market, condo sales coming along well, too. Gurney’s Residences in Montauk are all sold out, and there are just a few condos left in Sag Harbor’s Watchcase. Over in Southampton Village, the long-aborning The Latch 20-unit condominium project is half sold out already, all off floorplans.
And why not? There’s five acres of land right within walking distance to everything in the village. The property was formerly the Village Latch Inn, which was originally the Grand Annex to Southampton’s Irving Hotel in the early 1900s. The new condos have exteriors that blend well with the historic style of the old buildings and the mature trees, yet are airy and modern inside. Of course there’s also a clubhouse with a high-end fitness center and a large pool.
The Beechwood Organization, which purchased the inn in 2016, is offering units ranging from $2.6 to $7 million. $7 million buys the historic and fully restored Terry Cottage, a single-family home in its own acre of land. The cottage belonged to the Irving Hotel owner, Terry Irving, and is thought to be designed by Stanford White. The main Latch building, also by White, will contain two condo units, and the rest are new builds. There are ten of the A type townhomes. 15A, for example, offers four bedrooms, four baths, and two half baths in about 5000 square feet of space and is currently priced at $4.025 million.
Interested? Hard-hat tours are currently available.
- The Latch [Beechwood]
