Archive for the 'East Hampton' Category

REAL ESTATE NEWS: East End Real Estate & AirBNB

Monday, February 26th, 2018

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.

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

Tuesday, February 20th, 2018

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

Tuesday, February 13th, 2018

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.

First Offering: Ammon Estate, East Hampton, NY

Thursday, June 8th, 2017

59 Middle Lane, Ammon estate

The 59 Middle Lane East Hampton home, owned by siblings Greg and Alexa Ammon, is up for sale for $12.7 million with Judi Desiderio of Town & Country Real Estate.

“Having been the broker for the Ammon family for nearly 15 years, we have rented the home to several families with children, all of whom have throughly enjoyed the beautiful home and outstanding sprawling grounds, for some two years running," said Desiderio. "A few tenants were interested in purchasing the property but the family wasn't ready to let it go."

"Alexa and I are now ready to sell our childhood home as we are both moving forward with exciting new ventures," said Greg Ammon. "We truly hope our family home finds the right buyer who can enjoy the many happy memories we had here and appreciate the true beauty that it has to offer."

Inspired by these memories, Greg founded Big Flower, a Hamptons lifestyle brand with a flagship in East Hampton and expansion plans in the fall. Alexa recently graduated from USC School of Cinematic Arts and is currently pursuing a career in film and photography.

The family's decision to sell presents a very rare opportunity to own the famed East Hampton estate. With Katie Couric around the corner and Jerry Seinfeld a stone's throw away, the new owners will be in fabulous company.

Barney Rosset Estate in East Hampton Sells for $5.5 Million

Thursday, March 2nd, 2017

400 Hands Creek, East Hampton - Front Facade

An East Hampton property once owned by Barney Rosset, who published works by Henry Miller and Samuel Beckett that were considered scandalous, was on the market for $6.495 million and just sold to a Hollywood actor who asked to remain anonymous for $5.5 million.

A memoir, titled “Rosset: My Life in Publishing and How I Fought Censorship,” was published last summer by OR Books. Rosset was known as a crusader against censorship in the 1960s, publishing controversial books including D.H. Lawrence’s “Lady Chatterley’s Lover,” Henry Miller’s “Tropic of Cancer” and “The Autobiography of Malcolm X” through his company, Grove Street Press. 
 
400 Hands Creek, East Hampton - Swimming Pool
 
Rosset, who died in 2012 at age 89, lived on the 13.5-acre property for about 10 years until 1993, when he sold it to the current owner, says listing agent Bill Stoecker of Town & Country Real Estate. Over seven years, the current owner salvaged and renovated a barn on the property, which is now the double-height living room for the four-bedroom home, Stoecker says. He added another 4,000 square feet of living space to the shingle-style home, which has four fireplaces, a wine cellar, and a rooftop hot tub. The property, which sits adjacent to 10 acres of town-owned reserve land, has a swimming pool, pool house, tennis court and separate garage, and is surrounded by gardens.
 
For more details about the property or the sale CLICK HERE or contact listing agent William Stoecker at BStoecker@TownAndCountryHamptons.com.
 
400 Hands Creek, East Hampton - Living Room

TOWN & COUNTRY HAMPTONS 3RD QUARTER 2016 HOME SALES REPORT

Thursday, October 20th, 2016

2016 3rd Quarter Home Sales in the Hamptons was, well frankly… all over the place.

This year to year statistical comparison shows definite signs of growth.

East Hampton Village set a new high watermark for Median Home Sales Price at $5.25M. All 8 home sales during these months were over $2M — “very impressive Median Home Sales Price, possibly a national statistic”, states Judi Desiderio, Chief Executive Officer.

Hot Montauk, more than doubled the amount of home sales from 8 in 2015 to 17 in 2016. Furthermore, the Total Home Sales Volume tripled year over year with a 198% leap to nearly $28M from $9M.

The Bridgehampton market (which includes WaterMill and Sagaponack) remained the top earner with $125M trading hands during July, August and September of this year. The Median Home Sales Price was a solid $3.9M, a 42% jump from last year’s $2.75M.

All Hamptons Markets Combined showed a respectable increase of 5% in the Number of Home Sales and a rise of 8.5% in Total Home Sales Volume, yet the Median Home Sales Price dropped 13% to only $850,000.

Looking back at our last bull market of 2014 and clearly you see the pull back since then when 410 homes close, with $760 million trading hands.

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

NEW HOME SALES IN THE U.S. HIT 9 YEAR HIGH

Wednesday, August 24th, 2016

Newly built single family residences across the country jumped 12.4% according to the just released U.S. New Home Sales Report. July 2016 was the best month-to-month increase since October 2007. Year-to-year the July increase was a whopping 31.3%! This puts new home sales levels back to levels equivalent with levels prior to the Great Recession, but below all-time highs reached in 2005.

According to the US Commerce Department, the seasonally adjusted annual rate of 654,000 newly built homes traded hands. In fact, the total amount of new homes sold in the U.S. for the first half of 2016 was up over 12% compared to the same period in 2015. Economists believe historically low interest rates and strong job markets are the main contributing factors.

Additionally, many young home buyers have been sitting on the sidelines for several years and are just now beginning to realize the importance of homeownership.

New homes create jobs. Not only by the construction of the home but there are jobs created with ancillary services such as landscaping, decorating, etc.  All of these jobs markets see significant increases when home sales increase.

Finally, the National Association of Realtors collaborated on the strengthening home sale markets with June’s report on previously owned homes, which hit a 10 year high. Real estate has been the beacon! 

TOWN & COUNTRY Hamptons 2nd Quarter 2016 HOME SALES REPORT

Tuesday, July 19th, 2016

 

The numbers are in… raising eyebrows mind you! 

The second three months of 2016 proved challenging for many of the 12 individual markets monitored by TOWN & COUNTRY.  All three criteria in the analysis showed significant drops: The Number of Home Sales dropped in eight of the 12 hamlets and the Total Homes Sales Volume and Median Home Sales Price both realized declines in nine of the 12 locales.

Southampton Village and East Hampton Village, two prime crown jewels of Hamptons Real Estate, both suffered significant declines in all three criteria. In fact, East Hampton Village’s drop of 53% in Total Homes Sales Volume ($95M to $45M year to year) was the greatest of all markets, with Southampton Village not far behind dropping 48% from $86M to $45M.

Reviewing last year’s TOWN & COUNTRY’S 2nd Quarter Home Sales Report, you will notice 2015 experienced a similar set of declines when compared to 2014. Hopefully, this is not a trend!

Thankfully, the report was not all doom and gloom. Sag Harbor Area (which includes Noyack and North Haven) posted the highest gains in the Number of Home Sales at a 100% leap from 17 in 2015 to 34 in 2016. Further, the Total Homes Sales Volume rose from $23.5M to $58M.

Sag Harbor Village and Shelter Island both showed strong growth in the Number of Home Sales, Total Homes Sales Volume and Median Home Sales Price. Is there a shift in focus to the quaint boutique markets from the estate sections, or is it a function of price?

The darling hamlet of Amagansett experienced an unexpected pull back in activity with 35% fewer homes trading hands — this certainly is not due to a lack of interest, but rather a price sensitivity with Median Home Sales Prices nearing $2M inclusive of both north and south of the highway.

View All Hamptons Markets Combined and you will see plenty of red. In fact only one of the eight price ranges monitored by TOWN & COUNTRY saw gains — an anemic 5% increase in the Number of Home Sales, $500,000 – $999,000 the most popular price category.

“While the 2nd Quarter Home Sales Report proved what I have said about the $10M and up price categories being hit the hardest, I do anticipate the next three months will see a seasonal uptick on the high end. Though, it is the stock market trajectory that dictates Hamptons high end sales. Just another cycle.” states Judi A. Desiderio, President.

To view the full report visit 2nd Quarter Home Sales Report. For all Town & Country Real Estate Market Reports, click here.

 

Truck Beach

Wednesday, June 22nd, 2016

I would like to weigh in on the issue of “truck beach”—a real hot potato… or should I say hot sand. I am stupefied by the town’s decision to fight this for 7 years and vow to continue the fight should the judge not rule in their favor. While I see both sides of this issue, I clearly see a resolution that will not cost the town a dime AND allow for only fishermen pulling in nets to continue as the town claims has happened for many years.

Nearly 30 years ago I sold both properties at the end of Mitchell Dunes Lane… the oceanfront properties. At that time there truly was only the occasional dawn or dusk fisherman casting his or her line in… frankly I never saw a fisherman hauling in his nets as the town describes.

One of those purchasers has become a lifelong dear friend of mine and my family… so I have spent many days at that beach. The current use of the shoreline is not even remotely close to what East Hampton Town describes as its allowable use and hasn’t been for many years. 

Did you know it is the ONLY ‘drive on’ beach that is not on public lands?  Did you also know that just to the east is NY State Parkland? That is THE ANSWER! If truck beach were relocated to this state land there is NO ISSUE! Private property owner rights are then not in question. The town claims this is a title issue. The lawsuit that has cost tax payers TENS OF THOUSANDS OF DOLLARS will cease instantly. Local residents who enjoy driving on the beach and parking there for the day will continue to enjoy the activity… Just a few feet to the East! A WIN WIN situation for EVERYONE! Property owners, tax payers, and beach driving enthusiasts!

Town residents who wish to drive on the beach will need to get a NY State pass to drive and park there and may even need a NYS fishing license , but remember that WAS the original allowable use as described by East Hampton Town. It has been asked – why not allow driving on every town beach  – this would dilute the impact on this beach. Or impose the same hours of use as on other town beaches.  Let’s also consider the impact on the environment… the precious dunes with its important vegetation, the piping plovers and other wildlife.

We can open Pandora’s Box and discuss the importance of comfort stations – which there currently are none. On the state land this could all be cured with cooperation. If a resolution is the true object, the answer is right in front of everyone’s eyes. I am befuddled at why this simple and comprehensive resolution has not simply been done.

The existing tact is a waste of time, energy and money… let’s get smart… PLEASE!  

Fighting Chance Annual Summer Gala

Tuesday, June 7th, 2016

Fighting Chance, East End’s Cancer Support Organization had its 14th Annual Summer Gala On Saturday, June 4, 2016 at the Maidstone Club in East Hampton Village. The reception was a celebration for the care and support given to our local communities. Congratulations to honorees, Robert S. Chaloner, President and CEO of Southampton Hospital and Yusuf A. Hannun, MD, Director at Stony Brook University Cancer Center both this year’s recipients of the Medal of Honor… And a special thanks to Duncan Darrow, Founder & Chairman for founding this much needed organization. Judi Desiderio, Chief Executive Officer of Town & Country proudly serves on the Board of Directors. The location, the food and all the guests made this event such a success! Thank you to all who support Fighting Chance.

  

Photo Credit: Charlie Grubb