Reprints from my weekly “Transaction Highlights” newspaper column on sales data reprinted from the East Hampton and Southampton Press newspapers with publication dates.
Transfers are typically reported about 30 days after they occur, due to delays in the Suffolk County recording system. Because it generally takes about 60 days from offer and acceptance until closing, these transfers often reflect deals made approximately 90 days before reporting.
On occasion I may also describe a notable sale prior to its inclusion in my weekly column.
Transaction Highlights – October 14, 2010
49 Ox Pasture Road, Southampton, $13,150,000 This classic property is located on 2.4 acres in the heart of the Southampton estate area. The home is architecturally and historically significant, having been built in 1890 when railroad service was relatively new to the area, contributing to the construction of the earliest “summer cottages.” Like many others [...]
Transaction Highlights – September 22, 2010
27 Bayview Avenue, Village of Sag Harbor, $800,000 This house was built in 1940. It is only 1,450 square feet, but in proportion to the lot, which is .15 acres. As was the custom during the era in which it was built, this is a classic village house oriented towards the street with a deep [...]
Transaction Highlights – September 8, 2010
240 Gibson Lane, Sagaponack, $11,636,596 This property was purchased near the bottom of the market – the first quarter of 2009 — and is one of the first large homes built on speculation to have sold this year. It is located just behind a row of oceanfront houses in Sagaponack on one of the very [...]
Transaction Highlights – September 29, 2010
155 Highland Terrace , Bridgehampton, $10,000,000 (Vacant Land) This was an extraordinary sale by many measures. This lot is located deep in Bridgehampton South, just north of Bridge Lane. It is a flag lot with an area of just under 5 acres. To the north, the lot is bordered by approximately 14 acres of reserved land, [...]
Transaction Highlights – September 15, 2010
97 Marine Boulevard, Amagansett, $10,350,000 This is the fourth oceanfront house in the Amagansett Dunes to sell this year. The others sold for between $6,300,000 and $7,500,000 with this being the most expensive Amagansett oceanfront sale this year. This is a very high number of houses in a small slice of the market indicating high [...]
Transaction Highlights – August 30, 2010
275, 271, 283 Three Mile Harbor Road, Unincorporated East Hampton, $3,600,000 This is the highest priced sale in the Springs area of unincorporated East Hampton this calendar year, topping the previous record of $3.2 million for a bayfront house at 271 Kings Point Road earlier in the year. The sellers purchased the house and additional parcels [...]
Transaction Highlights – August 19, 2010
59 Shore Road, Westhampton, $13,000,000 This appears to be the most expensive house ever sold in Westhampton by a wide margin. In fact, it seems that no house in Westhampton has sold for over $5 Million since the crash (although there have been a handful of post-crash sales in Westhampton Beach above $5 Million but [...]
Transaction Highlights – August 23, 2010
6 Apaquogue Road , Village of East Hampton $2,420,000 This home is located south of the highway in the Georgica section of East Hampton Village. It is on a .13-acre lot, tiny for this neighborhood where lots of at least 1 acre are typical. The cottage-style house is 2,500 square feet, with open kitchen and dining [...]
Transaction Highlights – August 8, 2010
329 Highland Terrace, Bridgehampton, $4,960,000 This is a unique property consisting of five small—approximately 600 square foot—homes, plus a barn and detached garage. East Hampton and Southampton have notoriously strict zoning codes, and at the heart is the prohibition against erecting more than one home on each residential lot. The purpose of this rule is [...]
Transaction Highlights – August 2, 2010
20 Notre Dame Road , Sag Harbor, $2,313,000 This 1,250-square-foot ranch house is located on a .6-acre waterfront lot offering sunset views of Sag Harbor Cove. The three-bedroom house was built in 1990. Seller purchased this property in 2006 for $2,200,000, which was near the 2007 market top. Since 2007, the market has declined approximately 25 [...]
