Saturday, December 21
Follow us

Realty Check

So Long Stewie
Billionaire playboy Stewart Rahr, has put Burnt Point, his Wainscott estate, on the market for, gulp, $95 million, according to the New York Post. “Stewie Rah Rah, the No. 1 King of All Fun,” as he calls himself, set a New York state record when he bought the property for $45 million in 2004. The former pharmaceutical pharaoh’s 18,000-square-foot home, known to some as “Dracula’s Castle,” boasts eight bedrooms, 14 bathrooms, a vaulted wine cellar with tasting room, gym, billiards and game room. It is a co-broke between Corcoran (Mala Sander) and Sotheby’s (Ed Petrie and Frank Newbold), the latter of whom told the Post that the property’s “unusual configuration, acreage and views justified its lofty price.” Rahr now spends his summers in Europe.

Building a Nest
Real estate firm Nest Seekers International has moved into a new larger and more prominent space at 2415 Main Street in Bridgehampton. The agency has four other offices in the Hamptons: Southampton, East Hampton, Westhampton, and Water Mill.

Hamptons Superstar Broker
For the second year in a row Corcoran broker Tim Davis has been named the number one broker in the Hamptons and the East End by REAL Trends in conjunction with the Wall Street Journal. He was also ranked for the second year in a row in the top ten of agents nationwide (out of more than a million): number six (2014), number four (2013). Agents are ranked by volume. His sales volume in 2014 was $358,278,864. The 35-year veteran of Hamptons’ real estate currently has a whopping 45 active sales listings on the East End, totaling nearly $700 million. In his career, he has sold over $2 billion in real estate, ranging from luxury estate homes and oceanfront properties to village cottages and bay-front retreats.

Tree Hugger
Local taxpayers are complaining that Madonna, who recently built a mansion on her land in Bridgehampton, has managed to wangle a huge tax break. The Material Girl is busy building a tree nursery on the former potato farm next to her residence. In a “sweetheart deal,” she purchased the farmland owned by the county and will be able to collect tax benefits because she is using the land for agricultural purposes, according to the New York Post. “Locals gripe Madge has less interest in caring for crops than she does in creating a buffer for her new $4.9 million mansion. The nursery, like a virgin forest, would shield the eight-bedroom manse from prying eyes.”

Locavore Central
Eli Zabar has not renewed his lease at the Amagansett Farmers Market, but – in a salute to the farm to fork movement – the space will now sell the wares of East End and New York State farmers, fishers, vintners and food producers. The Amagansett Food Institute, a nonprofit organization, plans to open the space for business this month. Look for local purveyors including Amber Waves Farm, Amagansett Sea Salt Company, Dock to Dish, Balsam Farms, the Milk Pail, and Quail Hill Farm.

Not Playing Around
The 92-year-old founder of Toys “R” Us has put his Quogue compound on the market, according to the Daily News. Charles Lazarus’s six-bedroom, eight-bathroom estate built in 1900 boasts a “boat house, a porch that juts out over Shinnecock Bay, a professional croquet court with a viewing area, and a guest house shaped like a lighthouse.” The residence is listed by Marcia Altman of Brown Harris Stevens.

History Repeats
After being destroyed by fire in September, the historic house owned by Peter Smith, formerly of Lazard Freres, will be rebuilt. One of the oldest edifices on the South Fork and a charming Sagaponack sight, the 1650 house was most likely torched by an arsonist. A “person of interest” was Thomas Gilbert Jr., who was later charged with murdering his 70-year-old hedge fund father earlier this year. Smith had an order of protection against Gilbert following an altercation at Sagg Main Beach.

Over the Top
You might have thought that the Hamptons have already sported a rooftop tennis court, but you’d be wrong. A newly constructed house in Water Mill, listed by Linda Haugevik of Douglas Elliman, boasts the first such tennis court made of classic turf, with bay views to die for.

Hamptons Ahoy
Yet another way to avoid the LIE came into effect this summer. Yacht membership firm, Barton & Gray, is offering a Thursday and Friday-afternoon commute aboard a 48-foot Hinckley yacht. Talk about luxury. Departing Manhattan with a toast of Dom Perignon, the boat docks at the Sag Harbor Cove Yacht Club. Rental rates start at $2,750 one way (not including the B&G membership).

Soap Opera Sale
Susan Lucci, the daytime TV diva, has put “Four Winds,” her nearly 11,000-square-foot oceanfront Quogue home, on the market for $19.995 million. The Dune Road shingle-style estate, built in 1989, was designed by renowned architect Eugene Futterman who was assisted by Hamptons’ architects Peter Cook and Eric Woodward. The 1.4-acre estate with 160 feet of ocean frontage is listed by Enzo Morabito of Douglas Elliman.

Model Homes
Hockey star and model Sean Avery has a new line of work: building and decorating houses in Southampton. The Dancing with the Stars contestant’s first of four houses is a traditional with modern twists such as a hanging fireplace, at 52 Prospect Street in Southampton. All the furnishings, including minimalist Hem Palo sofas and artwork by Basquiat, were chosen by Avery and are available for sale. It was listed in May for $2,999,000 by Katie Milligan of Corcoran.

SHARE POST