Best Deals in the Hamptons – October / Columbus Day 2016

By Ruth Thomas

Resort-like Property on 5 Acres with Tennis – $2,495,000
The Goods – This very private property set on 5 lush acres in the Water Mill North estate section offers a 5 bedroom main house plus a 3 bedroom attached carriage house. Resort-like amenities include a heated pool surrounded by a large entertaining deck, har-tru tennis court, a full gym with Cybex equipment, built-in sound system, an open-plan kitchen with cherry cabinetry and granite countertops, and a media/game room with projection TV. Prime Water Mill North location within easy reach of ocean and bay beaches, village shops, restaurants, and much more. IN# 52942.

Why it’s a good deal – Listing agent Nancy Grady of Compass says, “This property is in the most exclusive area of Water Mill North, where new homes of similar size are on the market for $5M and up. You can buy into this neighborhood for half that price with this 8 bedroom home on 5 acres with pool and tennis court.”

Exceptional Investment Property in Westhampton – $1,275,000
The Goods – The expansive open floor plan offers chef’s kitchen, formal sitting room with fireplace, formal dining room, octagon family room with fireplace, first floor en-suite, bonus room, two-car garage and full basement. The second floor affords a master suite with private balcony, two large guest bedrooms and full bath. The separate driveway will lead you to the legal one bedroom, one bath cottage located in the back of the property, making this home one of the best investments around. Enjoy your Hamptons summer on the manicured grounds with expansive outdoor patio and heated in-ground pool. IN# 45930.

Why it’s a good deal – “This stunning Westhampton post modern is amongst the best deals in the Hamptons,” says listing agent Thomas Stoebe of Hampton Estates Realty. “At a price of $1.275M, South of the Highway, with a legal cottage on a transitioning block, this is one of the best investment opportunities around.”

One-acre Bay Front with Ocean Views – $4,995,000
The Goods – One of the most spectacular bay front parcels anywhere in the Hamptons. 50’ elevation over sea level provides superb views and safety from the elements, while mature landscaping affords amazing privacy. The three-level house offers gracious room volumes and dazzling water views from virtually every window. IN# 33012.

Why it’s a good deal – Listing agent Lylla Carter of Saunders & Associates says, “Built on a hill sloping towards the water with room for a pool on the waterside and the probability of a dock, this house could be renovated to have three floors with amazing water views or a new house could be built from scratch and either option would cost less than the price for which adjacent properties on the same acreage have traded. This is an area that offers waterfront and views at a bargain compared to most other areas as close to Southampton Village. Values in the area are on the rise.”

Turnkey Home in Beach Community with Marina – $1,995,000
The Goods – A fully cleared, 1.52 park-like acres is the setting for this 5 bedroom, 5.5 bath home. Wonderful for entertaining, with open floor plan, gourmet’s dream kitchen, two living areas each with fireplace and soaring, cathedral-height ceilings, and two master suites. The finished lower level has a billiards room, full gym, and full bath. The heated 20’ x 50’ gunite pool is nicely set on the fully cleared property, surrounded by gorgeous landscaping and specimen trees. IN# 14573.

Why it’s a good deal – “It’s a lot of house for the money, with great light and a great floor plan that’s ideal for entertaining. There is simply no better value in North Haven right now,” says listing agent Mala Sander of The Corcoran Group.

The Mecox Barn – $3,295,000
The Goods – Clean lines, vaulted ceilings and rustic sophistication define today’s Mecox Barn. The expansive main living space opens to your large state-of-the-art chef’s kitchen, with custom cabinetry, stone countertops, and professional appliances. Enjoy 6 bedrooms, 5 full and 1 half bath, 2 fireplaces, choice of first or second floor master suites, plus fully finished lower level with additional bedroom and bath. Complete with 2-car garage, 20’ x 40’ heated gunite pool, and architecturally designed landscaping. The Mecox Barn is a unique opportunity in a great central location with a full finished basement, gunite pool, and concierge services provided by Chaloners of the Hamptons. IN# 41133.

Why it’s a good deal – Listing agents Raphael Avigdor and James Peyton of Douglas Elliman Real Estate say, “The houses at Barn & Vine have proven a very appealing market entrant for both first time East End buyers as well as those looking to enhance their lifestyle with offerings from $2.8M to $4M. Barn & Vine is filling a niche in the Hamptons marketplace, offering best-in-class architecture and interior design, a fully comprehensive concierge program, a wide range of thoughtfully designed layouts and sophisticated, refined finishes.”

Chic Perfection with Privacy in Wainscott – $2,250,000
The Goods – A long country drive leads to a perfectly sited contemporary on 5+/- acres. Flooded with natural light, 4 bedrooms, 3.5 baths paired with architectural details and ceiling heights add to the allure of this home. There is an oversized 20’ x 50’ heated gunite pool, ample outdoor entertaining spaces, a grilling station complete with Viking appliances, and a generous side yard for year-round fun. Room for tennis. IN# 0037919.

Why it’s a good deal – Listing agent Angela Boyer-Stump of Sotheby’s International Realty says, “The convenience to Sag Harbor and the new reduced offering price of $2,250,000 make this fresh and bright contemporary with room for tennis the one to have your eye on. Current interiors and open cleared lawn areas on the 5 acres add to the allure. At the current list price, this one of a kind property is now impossible to duplicate and priced to sell. I sincerely believe this home is a great opportunity.”