Latest News

116 Ocean Road

By HRES Staff - August 22, 2016

slide9

Just the Facts
$7,995,000
2.64 Acres
7 Bedrooms & 2 Bathrooms
5,400 SF
Built in 1906
IN# 41779

HRES: What’s the History of the property?
Jane Peterson: This home was built circa 1906 and has had only three owners. Samuel Osborne Hedges, one of the founding families and son of a prominent judge and farmer was the original owner and later by his niece. Actually the large safe of Samuel Hedges is still in the house. The present owner has owned the property since 1945 and had actively farmed it up until a few years ago.

HRES: What makes this property unique and are there any special attributes to the home?
JP: Total rarity and definitely one-of-a-kind. The property hasn’t been on the market in over 70 years. It has a commanding presence on Ocean Road and until you are standing on it you don’t realize that it holds a nice elevation with open views, which includes the Historic BeeBee Windmill originally built in 1832 and moved to its present location from Sag Harbor in 1915. So, you see there’s a lot of history surrounding this property.

HRES: What does this property offer as far as future potential/expansion?
JP: The size of the acreage for being right in the heart of the village is non-existent. You just don’t come by 2.6+ acres where you are around the corner from everything. Shops, restaurants, the infamous Candy Kitchen – not to mention the convenience to transportation to the Jitney and the train is right there also.

In addition, the zoning is R-20 which is a rarity to find on this size property. With generous setbacks it allows for amazing expansion possibilities or for a brand new estate/compound. It also has potential to be subdivided.

HRES: What does the house and cottage offer?
JP: GREAT BONES! The main house holds 7 great size bedrooms and 2 baths, which is the way it was back then. Main floor has parlor, living room, formal dining room, and a den which holds the original Hedges safe previously mentioned, there is an eat-in kitchen and a main floor master with bath. The original double-wide staircase takes you upstairs to the remaining 6 bedrooms and oversized bath. The floors back in the day were a mixture of pickled pecan and oak. A solid staircase takes you up to the top level/3rd floor of open space with stand-up height and plenty of the original windows. If done right, it could be finished off nicely.

The guest cottage was originally stables and has a separate Certificate of Occupancy. It has been totally renovated and would be a great place to stay while renovating or building a new home.

HRES: What could you envision one doing on this site?
JP: I believe in the property and know it has boundless potential. It is not for a buyer who wants to be further south, so one can roll out onto the beach; although you are still only minutes to the ocean. This property is for the buyer who wants village living and understands the rarity of the acreage and location, one who has intentions of making it a longtime home. I can see a restoration of the original homestead with a splendid modern barn, which would create a best of both worlds’ circumstance.

The restored home would have the warmth and wonder of the original era while the addition could add loft-like living, which so many buyers crave. It would bring the old and new century together. The existing CO’D Cottage could afford the new owners separate accommodations for visiting guests or become staff quarters along with the property being able to have a tennis, pool and spa, pool house and separate garage with finished quarters above. I see this beautiful and rare property as a blank canvas waiting for the perfect masterpiece to be created.

Jane Peterson
The Corcoran Group
Lic. Associate R.E. Broker
Office: 631.899.0346
Cell: 516.639.0814
jpeterson@corcoran.com

SHARE POST
No Comments

Sorry, the comment form is closed at this time.