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HRES: You have been with Town & Country for some time now as Executive Sales Manager. You are a top producer, and your office is very successful; how do you do it? GS: Well, I was very fortunate that when I came on board almost three years ago I inherited a great group of seasoned professionals and combined with their expertise and my 32 years of experience it was simply a winning combination! We have added considerably more agents since my arrival.
As we welcome in 2016, Sandy Gallin’s 466 Further Lane “will welcome in a new owner this year”, predicts listing broker Linda Haugevik, of Douglas Elliman.
Overall, 2015 was a strong year for real estate in the Hamptons. With new construction and waterfront in high demand, prices rising, and interest rates still low, it was a very active year for Hamptons real estate. As 2016 unfolds, predictions are for another great year as demand increases, inventory shrinks, and the Hamptons remains a popular destination spot.
Having been marketed for $85 million, the 30.4-acre Montauk estate Eothen, AKA the Warhol Estate, is in contract to be sold to Adam Lindemann, a billionaire art collector with a gallery on Madison Avenue. While the price has not been divulged, scuttlebutt has it at circa $50 million.
One of the most promising trends in Hamptons’ real estate is that savvy owners are embracing the history of their homes while giving them extreme modern makeovers. Here is the first in a series about such hybrid habitats.
When you step inside a Sean Avery home prepare to be amazed and awestruck by the beauty and detail that both of his new properties have to offer. HRES sat down with Sean Avery and his real estate broker Matthew Breitenbach of Douglas Elliman to discuss each home located in the Village of Southampton.
Now that it’s gift-giving season, we canvassed area brokers to see what kind of gifts they have bestowed on their customers upon completion of a sale. Corcoran’s Gary DePersia tells us he once gave a buyer a generator – valued at $20,000 – as a closing gift. For a customer that bought a $20 million property he gave leather seating for the home theater.
As summer slowly fades into autumn, the real estate market in the Hamptons remains active and strong. Prices are rising, good inventory is in short supply, and new construction is in high demand. As fall arrives, buyers are serious about securing their dream home before winter sets in.
Following a fabulous summer yard sale, Betsey Johnson, designer of outrageous fashions, is selling the East Hampton house she has shared with her daughter, Lulu. More shabby chic than glam rock (reflecting Lulu’s taste), the 1986-built house on 1.65 acres has all the hallmarks of a typical Hamptons cottage including a marble fireplace in the living room.
Even if you’re Madonna you still get mishigas from neighbors. The night before Madge turned 57, she held a gypsy-themed birthday bash at her Bridgehampton property, but an anonymous neighbor complained to the police at 2:30 am that the music was too loud. When the cops arrived, however, all was quiet.