Buzz Around Town

NEW TEAM MEMBERS
Frank and Dawn Bodenchak have joined our Bridgehampton office and offer a unique skill set, bringing a wealth of experience to their clientele. Having advised or partaken in over $350 million of deals, they pride themselves in adding exceptional value in all transactions–whether with the most experienced developers or first-time home owners. Together, they have built a highly custom franchise, with a unique full-service approach towards their clients. Most, notably, they just sold their fourth Hamoptons Designer Showhouse.

Jon Barton has joined the Sag Harbor office of Sotheby’s International Realty. Jon Barton has built his reputation on successfully guiding his clients to the right property and the right investment. Specializing in the Sagaponack South and Bridgehampton South of the highway markets, Jon is equally at home working with builders, investors or end users.

Rick and Kim Slater, top-producing agents with over 12 years of experience in the Hamptons luxury real estate market, have joined the East Hampton office. Lifetime residents and East Hampton childhood sweethearts, together Kim and Rick make up the Slater Team. They know the market trends, procedures, the people and the property inventory. Consummate real estate professionals, Rick and Kim help their clientele feel comfortable, at ease and that they are in the best of hands.

Robert Kohr is a top-producing Associate Broker with over 14 years of experience in the Hamptons’ luxury real estate market. Joining our East Hampton office, Robert has consistently been recognized with “Top Producer” awards. Among his most notable deals are the off-market sale of a Southampton oceanfront estate. Robert’s expertise includes village, waterfront, estate, land, boutique commercial and investment properties.

Joining our Sag Harbor office, Beth Troy used her attentiveness to clients’ needs and goals, keen knowledge of the marketplace, and ability to structure and negotiate complex deals to build a multi-million dollar executive recruitment agency on Madison Avenue prior to shifting her focus to real estate. Beth quickly achieved and has maintained outstanding success in real estate since 2004. She has negotiated countless transactions for smart investment and land opportunities, high-end residential properties, and rentals.

SOMETHING TO TALK ABOUT
Frank Newbold, Associate Broker, speaks on the status of the market: “With the internet, buyers know the comparable properties as well as their brokers. Buyers know when there’s a mismatch between price and value. Buyers jump in when they see value. Properties that are well priced move the fastest. There has been a slight market uptick since the election where rising consumer confidence is driven by high expectations from the new administration. Mortgage rates are rising which has stimulated the lower half of our market to jump in sooner rather than later.”

Rick Slater has seen an uptick in the market: “We continue to see Amagansett Lanes in ‘full blown development’ mode with scarce inventory for tear downs ranging from $2.7M to $3.35M. Amagansett North is hot for new construction in the $3.3M to $4M markets. It seems to be the ‘bargain area’ as compared to the $6M plus in the Lanes. The second home owner works hard and doesn’t want to deal with the building process. They just want to ‘bring their toothbrush’ and immediately enjoy their property.”

Frank & Dawn Bodenchak have noticed trends in the rental market: “There has definitely been a trend of renting for shorter periods…MD-July 30, July-only, or August-LD only, and even some two week rentals, which may be more conducive to the active multi-faceted schedules everyone keeps now, versus 20 years ago.”

TRENDY HOMES
219 Further Lane, East Hampton: In the heart of the East Hampton Village estate area just one block to the ocean, this premium quality modern home is on two private acres on prestigious Further Lane. Six en-suite bedrooms, finished lower level with media room. Private grounds with 3,300 sf of mahogany decking connecting pool, whirlpool/spa, cabana and tennis court with shaded viewing pavilion. Mint move in condition listed by Frank Newbold and Marilyn Clark.

Coopers Neck Lane, Southampton: The traditional shingled estate on Coopers Neck Lane was once a summer home for the Carnegie family. Adjoining the roughly 12,000-square-foot main house is a converted stable, now a 2-story great room with loft and bath. The 4.6 acre property features a swimming pool and north/south facing tennis court. This property is walking distance from the ocean. Listing agents Molly Ferrer and Harald Grant say this architecturally significant house recalls a gilded era of American architecture.

NEW CONSTRUCTIONS
30 Private Road, Amagansett – Stunning is an understatement for this brand new architectural custom marvel. One bedroom, two marble custom baths with master shower accessing top deck defines sexy. Built on 12” pilings, engineered lumber and 8’ exterior walls the fortress exceeds all standards for waterfront homes. A treasure property waiting for you. Listed by Rick and Kim Slater.

122 Georgica Close, East Hampton – South of the highway in East Hampton’s famed Georgica enclave feet from Georgica Pond and minutes from ocean beaches, this newly built, 7 bedroom, gabled traditional spans 12,000 square feet on three levels sheltered on 2.25 private, landscaped acres complete with a heated, gunite pool, spa, and pool house. Listed by Dana Trotter.

NOTABLE SALES
1597 Noyac Patch – Sold by the Bodenchaks This magnificent 10,000+/- sf construction on 3.1+/- acres towers over 135 acres of reserve, creating a spectacularly private Hamptons estate. The home boasts an enormous number of upgrades versus a typical new construction.

37 Wainscott Main – Sold by Beate V. Moore In the most coveted, close to ocean location, this exquisite custom manor home designed by renowned master architect James Merrell was constructed to the highest standards. On 2+/- spectacular acres with heated gunite outdoor pool, beautiful indoor pool, spacious pool bath, and covered veranda with electronic screens, this gracious estate offers every amenity and unparalleled grace and elegance.

510 Halsey Lane – Sold by Pat Petrillo Located in the heart of Bridgehampton south this 10,500 sf, high end construction is a new and exciting project. Accessory structures include a 20’ x 40’ pool, spa, pool pavilion and a tennis court. Quality and good taste has and will be used in all phases of the design and construction, from the beginning to completion.

PROFESSIONAL ACCOMPLISHMENTS
While every transaction feels like an accomplishment, Deborah Srb takes tremendous pride in recently completing the successful sale of the 48 homes in Southampton Meadows Estates just outside Southampton Village. Deborah had exclusive representation for these homes of approximately 4,000+/- square feet, with the last sales closing at prices exceeding $2 million. While in her 23 years with Sotheby’s she has also enjoyed closing many deals in the $10 million+ range: negotiating this for so many homes and different buyers was a real challenge and an exciting achievement. Most buyers were young families exhausted with renting and making their first big purchase. There was more apprehension and a greater need for hand-holding to make buyers feel secure throughout the whole process.