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Hamptons Round-Up

By Grace Cassidy - October 4, 2019

Former Southampton Village Car dealership building sells for $2.25 Million

An Art Deco-style former car dealership in Southampton Village sold last month for $2.25 million and the new owners say they do not plan to tear the iconic structure down. David and Simone Levinson, who purchased the former B&M Automotive building at the corner of Pond Lane and Hill Street, plan to give the building a face-lift and clean up the inside, according to Hal Zwick, director of commercial real estate at Town and Country Real Estate.

However, until the time comes that the village has a sewer district in place, the use of the property is strictly limited to a non-wet use. That means no restaurants. The building dates back to 1951 and displays many aspects of the Art Deco-style — curved windows, stucco and sheet metal, but it was not listed as historical in village documents.

Linda Kabot and Bob Tomich, the listing brokers with Town & Country, confirmed in early September that the building was sold on August 22. Ms. Kabot represented the former owners of the property, the Hauquitz family. The property was originally on the market for $4.2 million.

South of the Highway Sagaponack Compound With 17 Acres Wants $25M

Located on Sagg Main Street in Sagaponack — and desirably situated south of the highway — a compound spanning nearly 17 acres in size has just come on the market for $25 million. The property includes three single and separate lots including one 1.6-acre lot with a 6,436-square-foot farmhouse. Inside the farmhouse, there are seven bedrooms, four full baths, and two half-baths. The 2.4-acre lot is buildable while the 12.7-acre property is agricultural reserve. So, while only a small portion of the property is buildable, it could be a great option for people looking for a private family compound. Homeowners will be about a mile and a half north of the ocean at Sagg Main Beach, and just over a mile south of Wolffer Vineyards. Douglas Elliman agent Enzo Morabito represents the listing. [Douglas Elliman]

Investment Banker Michael Sarkozi Finds A Buyer For His Bridgehampton Cottage 

Michael Sarkozi, an investment banker, listed his Bridgehampton cottage at 28 Hildreth Avenue for $4,995,000 in September of 2018. After a year on the market and one price reduction later, the home has found a buyer, last asking $4,495,000. The final sales price hasn’t been revealed yet. Sarkozi purchased the home for $2 million in 2013 and put another $2.2 million into renovating the home, according to the Wall Street Journal. The home spans a comfortable 4,100 square feet in size and hosts six bedrooms, five and a half bathrooms, a Rumsford wood-burning fireplace, 22-foot vaulted ceilings in the living room, a butler’s pantry off the kitchen, and a ground-floor master suite with private outdoor access. Outside, there’s a heated gunite pool, an outdoor shower, and patio space for dining and entertaining. Sotheby’s International Realty agent Sharon Stern represents the listing. [Sotheby’s, Wall Street Journal]

Quaint And Stylish Wainscott Home Sells For Just Over $2M

The adorable home at 27 West Gate Road in north-of-the-highway Wainscott has just sold for $2,195,000. The home came on the market back just eight months ago in February and a contract had been signed by July. The sale went for the exact asking price that it came on the market for earlier this year. According to the Zillow price history, the seller purchased the home in 2015 for $1,881,300. The home is just shy of 3,000 square feet and hosts three bedrooms and three bathrooms on a half-acre of land. Originally built in 1927, the nearly 100-year-old home has been renovated to include an open floorplan, heated stone floors, and a double-height master suite on the first level. French doors lead outside, where new homeowners will enjoy a separate studio or cabana, a pool, gardens, a greenhouse, and an outdoor shower. Halstead Real Estate represented the seller in the transaction.

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