East End Dirt Wins Again!

March 6th, 2018 by Judi Desiderio

Sallie Krawcheck's Quogue estate

(Photos courtesy of Google Earth and Ellevest.)

Sallie Krawcheck, chief executive and co-founder of Ellevest, a digital financial investment firm for women, based out of New York, was quoted in today's Wall Street Journal stating her "BEST BET" was her house in the Hamptons.

In 2004, she cashed out $9.5M of her Citigroup stock, during her tenure as Citi's CFO. Not a typical move at the time. Well we all know what happened to Citigroup's stock after that.

Meanwhile, her summer house in Quogue was recently appraised for $17,000,000.  BAM!!

First, congratulations Sallie!  Kudos on your investment firm, Ellevest, which focuses on women investors! Once again, your forward thinking served you well!

REAL ESTATE NEWS: East End Real Estate & AirBNB

February 26th, 2018 by Laura Mott

Judi Desiderio of Town & Country Real Estate speak at an AirBNB forum hosted by the Sag Harbor Express

The Sag Harbor Express hosted an informational luncheon forum on the topic of AirBNB and what impact short term rentals are having on our communities.  The lunch, held at the American Hotel, included the following panel members:

Bryan Boyhan of the Sag Harbor ExpressJay Schneiderman – Supervisor Southampton

Scott Russell – Supervisor Southold

Jeffrey Bragman – East Hampton Town Board

Adain Corish – Sag Harbor Village Trustee

Leigh Gallagher – author of “The Airbnb Story: How Three Ordinary Guys Disrupted an Industry, Made Billions . . . and Created Plenty of Controversy”

Judi A Desiderio – CEO Town & Country Real Estate

Brian Boyhan, Publisher, and Gavin Menu, Co-Publisher, of the Sag Harbor Express mediated the forum starting with one question for each panel member. Open questions followed.

The general concern was what impact AirBNBs are having on businesses and the “neighborhood” and quality of life for those who live here and/or live next to a home that is rented through AirBNB.  Another topic discussed was the success of the rental registry for both the towns of Southampton as well as East Hampton.

The forum was a platform for all voices to be heard and was well attended by business owners as well as home owners from Hampton Bays to Shelter Island.

This was the second forum sponsored by The Sag Harbor Express. The first one held was on the topic of affordable housing. The Sag Harbor Express plans on continuing with these very informative lunches in the future.

Town & Country Real Estate Expands On The North Fork With New Greenport Office Opening This Spring

February 22nd, 2018 by Nicole B. Brewer

Town & Country Real Estate Greenport, NY

Renovations have begun on Front Street in Greenport as Town & Country Real Estate prepares to open its 8th office at 120 Front Street, Greenport, NY. Already the largest independently-owned and operated real estate firm on the East End of Long Island, NY with over 160 real estate agents and 7 offices spanning the Hamptons, Shelter Island, and North Fork the company’s expansion into Greenport was the clear next step.

Opened in 2005 and helmed by Judi Desiderio, with managing partners Nancy McGann and Janet Hummel, there was always a master plan in place to open an office in Greenport. Desiderio explains, “Greenport is a popular hub on the North Fork.  From the carousel to the great shops and award-winning restaurants, there’s so much to do there.”

“The North Fork real estate markets are uniquely different from the Hamptons real estate markets,” says Desiderio.  “There’s a different vibe, a different clientele, a different heartbeat.” Each of our individual offices reflect these subtle differences, staffed by true locals who know their market as no other.

“Our new North Fork flagship location will be home for some of the North Fork's best real estate agents, as it has been for so long, to best serve their clients and customers,” says Joan Bischoff van Heemskerck, Town & Country Real Estate’s North Fork and Shelter Island Executive Sales Manager.  “Town & Country is a great place to work, providing superior support for its agents, to service all North Fork Real Estate needs!”

Why Greenport?  Desiderio explains, “Greenport is such an ideal place for an office because of the foot traffic.  And who knows more about great locations than real estate agents.”  And, like many of the firm’s exclusive listings the new Front Street office will enjoy a truly great waterview location in the center of the Village across from the vibrant Mitchell Park.

“All of our offices are in the center of town.  This space is in the center of the core business district of Greenport – it’s prime!” says Desiderio of the expansion.  “With this new office we’re expanding our footprint and will be hiring agents to accommodate our expansion.  We’re renovating the space and plan to move into the office this spring in preparation for the summer season.”

20 Bearing East Road, East Hampton NY – Modern Style In East Hampton

February 20th, 2018 by Nicole B. Brewer

20 Bearing East Road, East Hampton NY

Striking modern architecture and site orientation come together in perfect balance with this Bruce Nagel designed Hamptons home for sale in the beautiful and private Northwest area of East Hampton, NY. Nagel, an award-winning architect based in Southampton with notable projects across the East End of Long Island, made efficient use of space and took advantage of the natural light to illuminate this modern home. 

The design of the home, inspired by the likes of architects Richard Meier and Charles Gwathmey, is a sophisticated and timeless combination of ideas that will surely impress. Grand 22’ tall ceilings and walls of windows provide panoramic views and seem to raise the home above the 2.15 acres of manicured grounds. 

“When I first saw the interior architecture of the house, I was inspired by the open volume and the relationship the house had with the surrounding landscape,” says Igal Toledano, an interior designer who has been putting a luxurious, modern twist on interior design for the last 35 years. “I decided to interfere as minimally as possible with the architecture. To allow for ample floor space for free movement, I designed built-in storage units that maintained the integrity of the overall design of the space.” 

The free-flowing spaces begin on the first floor with a luxurious master suite, living room with fireplace, den, and open dining room. An oversized gourmet kitchen is ideal for entertaining with a generous kitchen island and stainless-steel appliances. A Zen garden sets the tone for the other levels and outdoor spaces. 

Keeping with the philosophy and design of the home, you ascend to the second level of the residence up an open maple staircase with unobstructed inside/outside views. Two spacious ensuite bedrooms with private decks await. 

The lower level of the home features two additional bedrooms, a large bath, exercise and entertainment areas, plus a spacious storage room. Auto enthusiasts will appreciate the heated 3-car garage at the end of a long flat driveway with ample parking. 

Expansive, multi-leveled outdoor decks create conversation areas around the outdoor kitchen, large hot tub, and 20 x 40 gunite swimming pool with flagstone coping. A family-sized outdoor shower completes the outdoor area. 

Toledano remarked, “The house was unlike many of the homes I’d worked on, in terms of location and positioning. From inside you have a vast panoramic view of the surrounding landscape while offering one complete and total privacy.” 

For more details and a private showing of 20 Bearing Road, East Hampton NY contact exclusive listing agent Richard Swift, Town & Country Real Estate, 631.324.8080, RSwift@TCHamptons.com.

200 Georgica Road, East Hampton NY – The Perfect East Hampton Estate

February 13th, 2018 by Nicole B. Brewer

200 Georgica Road, East Hampton NY

In the Hamptons real estate market when designers come together on a project the attention to detail is unparalleled. When that pair is a noted husband and wife design team there’s a passion in their creative vision that results in one of the finest new homes in the East Hampton estate section of the Hamptons. Further, when the client is noted Hamptons builder Jonathan Tabone, the project takes on a new level of sophistication and construction.

Co-Exclusive listing broker for the property at 200 Georgica Road, East Hampton, Judi Desiderio of Town & Country Real Estate noted, “The architect's astute consideration of height perception, natural light, and exceptional materials give this 8,600-square foot, seven-bedroom home a uniquely refined sophistication, yet a clear sense of comfort.”

Indeed, the bright double-height entry foyer sets the stylish, comfortable tone for the home.   Open concept living spaces flow effortlessly from room to room through the first floor as large windows let in the south-facing views and overlook the lush grounds.  The homes gourmet kitchen with large kitchen island for seating and prep features marble countertops, custom cabinetry, a marble backsplash, and appliances by Sub-Zero, Wolf, and Miele. The first-floor master suite is replete with luxurious amenities including a fireplace – one of 5 in the home, sitting area, custom built-in closets, private porch, and beautifully appointed en-suite master bathroom.  The second level features another luxurious master suite, plus three more en-suite guest bedrooms each with their own mahogany terraces. 

Designed with entertaining in mind, the estate’s lower level boasts a state-of-the-art movie theater, recreational area, mirrored gym, glass 864-bottle wine cellar, two bedrooms, and two additional bathrooms.  Getting around the home’s many levels is made easy with an elevator. Additionally, the home is outfitted with a Lutron Home Automation System, gated entry, 10’ ceilings throughout, and extensive outdoor lighting.

The design team took advantage of the properties privacy when composing the outdoor living areas. Starting with an oversized covered porch with three distinct areas for lounging, dining, and conversation, the spaces overlook mature plantings with perennials throughout. The centerpiece of backyard is the 18’ x 50’ heated salt water, gunite swimming pool, 8’ x 8’ spa, sun shelf, modern waterfall, and lap lane. The pool house includes a masonry fireplace, outdoor Chef’s kitchen with Sub-Zero appliances, sleek outside shower with oversized rainhead, sitting area, and an amazing 100” drop-down movie screen.

For more details and a private tour of 200 Georgica Road, East Hampton NY contact co-exclusive listing brokers Judi Desiderio, Town & Country Real Estate, 631.324.8080, JD@TCHamptons.com, and Gene Stilwell, Licensed Associate Real Estate Broker, 631.324.8080, GStilwell@TCHamptons.com.

Hamptons Real Estate 4th Quarter 2017 Home Sales Report

January 23rd, 2018 by Judi Desiderio

The Hamptons real estate markets closed out the year with a BANG for 2017!

All Hamptons Markets Combined clearly proves 2017 blew 2016 away in the last 3 months year over year. There were 105 more homes, or 36% jump in Number of Home Sales and nearly 43% more Total Home Sales Volume. No doubt the East End towns are celebrating the inflow to their CPF (Community Preservation Fund) coffers.

Digging deeper into the statistics and you will see East Hampton Village and Southampton Village once again prove their blue chip status. East Hampton Village statistically logged the greatest increases for both the Number of Home Sales and Total Home Sales Volume (+181%) with a staggering $4,000,000 Median Home Sales Price, which was eclipsed only by Southampton Village which produced a Median Home Sales Price of $4,292,500! Impressive! Southampton Village closed over $145 million dollars in the last 3 months of 2017.

Another top performing market was East Hampton Area (includes Wainscott), closing 92 Home Sales in the 4th Quarter 2017.

All in all 11 of the 12 HAMPTONS markets monitored by TOWN & COUNTRY realized increases or the same Number of Home Sales and 10 of the 12 saw gains in Total Home Sales Volume. A fine way to close out the year.

To view all reports visit http://www.townandcountryhamptons.com/html/marketReports.php

North Fork Real Estate 4th Quarter 2017 Home Sales Report

January 23rd, 2018 by Judi Desiderio

The last three months of 2017 were very strong for North Fork Home Sales. With the Number of Home Sales up nearly 20%, from 92 to 110 year over year, and Total Home Sales Volume up 13%, there’s much to cheer about!

Looking further at All North Fork Markets Combined and we see the greatest statistical jump was in the $1-$1.99M price range which exploded by 71.4%. All told though 97 of the 110 Home Sales occurred under a million and the Median Home Sales Price for the 3rd Q 2017 was 531,500, slightly higher than 2016 same quarter.

Delving deeper into the statistics and you clearly see Southold (which includes New Suffolk and Peconic) is the best in class with a staggering 62% more in Number of Home Sales and 54% greater Total Home Sales Volume 2017 compared to 2016, 4th quarter, yet Median Home Sales Price remained relatively stable.

Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) performed incredibly well with 42% more Home Sales and 42% greater Total Home Sales Volume with the Median Home Sales Price up 23%!

Mattituck (which includes Laurel and Cutchogue) had the highest Median Home Sales Price of $595,000.

Conversely Orient (which includes East Marion and Greenport) was a bit of an anchor with 13% fewer Home Sales and a 23% drop in Total Home Sales Volume.

All in all the North Fork markets are gaining momentum. At TOWN & COUNTRY our North Fork offices are seeing the most sales activity in over the past 12 years!

To view all reports visit http://www.townandcountryhamptons.com/html/marketReports.php

Westhampton Beach Market Share – Deals For 2017

January 11th, 2018 by Town & Country Real Estate

Based upon MLS statistics this report represents listings under contract from January 1, 2017 through January 1, 2018 in the areas of East Quogue, Quogue, Remsenburg, Westhampton, Westhampton Beach, and Westhampton Dunes.

Seasons Greetings – Town & Country Real Estate Celebrates 2017

December 18th, 2017 by Town & Country Real Estate
Evelina McDermott, Chris DiPetta, Nicole B Brewer, Joan Bischopp, Laura Mott, Kimberley Terry, Nancy McGann, Patrick Galway, Janet Hummel, Judi Desiderio

A little snow couldn't keep agents and friends away from Southampton Social Club to celebrate a tremendous year for Town & Country Real Estate. 

"Once again our annual holiday party was a smashing success!," says Judi Desiderio, Town & Country Real Estate CEO.  "Ian, Chris, and the staff at the Southampton Social Club did an outstanding job as always. So great to see our staff and associates genuinely exchange fond regards and warm congratulations to all honorees. Congratulations!"


Sag Harbor Plays On

December 18th, 2017 by Judi Desiderio

Photo courtesy of Sunshine Sachs

A year ago, a hole was burned through the heart of Main Street in Sag Harbor – literally!  The iconic Sag Harbor Theater in the center of its village was destroyed in an early morning fire on December 16, 2016.

Thanks to the combined efforts of local residents and famous friends, $8 Million was raised by the non-profit called Sag Harbor Partnership to purchase the property with the intent to resurrect the structure in its art-deco design and re-install the familiar neon sign (ironically, which would never be approved today).  The Empire State Economic Development Grants pledged the final $1.4 Million needed to close title.  Our local piano man, Billy Joel, donated $500,000 from the very onset and will have naming rights to the popcorn stand!

Director Martin Scorsese and Oscar winning actress Julie Andrews both sit on the advisory board.  Some other famous neighbors like the likes of Sarah Jessica Parker, Matthew Broderick and Leonardo DiCaprio have pledged their support.

But…the fundraising is not over!

Another $5 to $6 Million is needed to build a new state-of-the art theater.  Maybe seller Gerald Mallow will pledge back $1 of the $8 Million he is receiving on the sale?  Richard Gere and several others who grace our main street with well-known presence hopefully will step up. 

A grand heart-felt "Thank You!" to April Gornik, VP, for spearheading this undertaking and to all those who have donated so generously!