A beachfront property on Southampton’s Gin Lane will hit the market for the first time in more than 50 years with an asking price of $50 million. The 4-acre parcel is next door to Wooldon Manor, which Scott A. Bommer, founder of hedge fund SAB Capital, bought for $75 million and then almost immediately sold for more than $80 million, the Wall Street Journal reported. Tim Davis of Corcoran Group, who handled the sale for Bommer, will...
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Perfection in design, construction and execution is evident to every sense while it is captured in this stunning new home set amongst the horse farms and apple orchards off of Mecox Road near the Atlantic ocean and Mecox Bay. Extraordinary custom features include double height entry; great room with views of the horse farms and French doors leading to the bluestone terrace, the formal living room, dining room and library; covered...
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The spectacular oceanfront Southampton estate used as Diane Keaton and Jack Nicholson’s love nest in the film “Something’s Gotta Give” has sold for a whopping $41 million, the Daily News has learned. The 11-bedroom mansion, at 576 Meadow Ln., was snapped up by hotel mogul Jimmy Tisch, CEO of Loews Corporation, in an off-market deal. Its previous owner, Alan Meckler, CEO of Mediabistro.com, made a killing on the sale, having bought the...
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Home sales in New York’s Hamptons, the Long Island vacation locale popular among financiers and celebrities, climbed in the second quarter as more inventory became available for buyers. Purchases increased 3.7 percent from a year earlier to 700 homes, according to a report today by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. The median price fell 1.3 percent to $908,500, reflecting a shift toward deals done...
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Homes with views of the beaches and bays still dominate the South Fork real estate market, says Tim Davis of Corcoran “The premium is always going to be on the ocean,” says Corcoran’s Tim Davis, who has sold more than $2 billion in Hamptons real estate over a 33-year career. “It will always be the most valuable and the most expensive on the market.” Regardless of whether it’s north or south of the highway, new construction in the...
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As spring turns to summer, and East End sales prices and activity increase like traffic on Route 27, the Hamptons’ top residential brokerages are making sure that they’re along for the ride. Building on their gains from last year, these firms continue to pad their ranks with new agents, to a degree not seen in years. In fact, nine of the 10 largest firms added agents in 2014, according to The Real Deal’s annual ranking of the East...
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