Realty Check – Latest Hamptons Real Estate News

Party Animal
Will she or won’t she actually leave the Hamptons behind for upstate New York? Real Housewife Luann de Lesseps has put her charming Sag Harbor waterfront cottage on the market for $6.2 million (more than twice as much as she paid for it five years ago) and announced plans to relocate to the Catskills. Bets are in that the party girl won’t last in the boondocks more than a year.

Anticipated Nuptials
Rumor has it that Gwyneth Paltrow will be betrothed to Hollywood producer Brad Falchuk at the star’s Amagansett spread after the summer crowds haven vanished – sometime post Labor Day. While Page Six originally reported that Paltrow had plans for a bachelorette party in Mexico and possibly a surprise wedding there, it now has stated that “instead, Paltrow will opt for a home ceremony.”

Grape Expectations
Peconic Bay Winery, considered one of the premier North Fork wineries, is on the market for sale. With endless commercial expansion opportunities, 16 of its 53 acres are zoned for commercial development. “The potential exists for a 20-unit hotel, restaurant/catering complex and roadside retail farm stand to complement the expansive vineyards and tasting room,” according to a release. Included on the property is a 4 bedroom house. Represented by Town & Country’s commercial property guru Hal Zwick.

Sandcastle On The Market
Uber developer Joe Farrell’s own house (best known for its recreation basement replete with bowling alley and rock-climbing wall), which is for sale for $50 million through Bespoke Real Estate in Water Mill, is also available for $1 million to rent for August through Labor Day. Yes, you read that right: one million buckaroos. In 2012 Jay-Z and Beyoncé rented it for only $400,000. And now with their own Hamptons spread they are not potential tenants. We look forward to seeing who is.

Numero Uno
Zachary and Cody Vichinsky of Bespoke Realty have ranked first in The Real Deal for the second year in a row. The duo generated a whopping $247 million in sales between April 2017 and March 2018. “The brothers said they committed themselves to pitching homes to the wealthiest clients, but are also benefiting from an improving market and the use of tech tools that support their work” according to TRD. The number two spot was held by Harald Grant of Sotheby’s International Realty while third place went to Susan Breitenbach of The Corcoran Group.

Western Migration
Local real estate agents have told The Real Deal that increasing numbers of home buyers are eyeing properties west of the canal in order to avoid both the high prices and traffic snafus of the East End. “Brokers have reported a surge in interest for places like Hampton Bays, Remsenburg, Westhampton Beach, Shinnecock Hills, Quogue, East Quogue . . .,” according to the TRD. While Hamptons home sales in general have gone up 20 percent so far this year, “Hampton Bays leapt up 65 percent.”

Ch-Ch-Changes
Agent Paul Brooke, who started his career on Main Street in downtown Montauk at Atlantic Beach Realty and later became an assistant to a top Elliman broker, has joined the East Hampton office of Halstead. Known as the “rental king,” Brooke grew up on Long Island and put down deep roots in Montauk where he has surfed and taught his students surfing over the years.

Adina Azarian has joined The Corcoran Group. A successful entrepreneur who began her career in 1995. Adina founded Adina Equites, a small boutique New York company representing exclusive listings in 2002. After nine years, her firm merged with Keller Williams, staying on as CEO. Currently, Adina is proud to collaborate with James Peyton, a top-producing agent of The Corcoran Group.

Diamond Anniversary
Congratulations go to Gosman’s Dock on its 75th anniversary. The Montauk empire started life as a shack selling clams, burgers, hotdogs and chowder. It didn’t take long for the “little chowder house [to become] quite notorious for its lobster rolls,” John Gosman Sr., 84, told the East Hampton Star. It now consists of a complex featuring a restaurant, clam bar wholesale and retail fish markets and shops. The property has been on and off the market for several years.

Timeless in Sag Harbor
Fitness guru and Gwyneth Paltrow’s business partner, Tracy Anderson, is renting celebrated interior designer Steven Gambrel’s own glorious Sag Harbor abode this summer. “When I first saw this Sag Harbor home of Steven Gambrel, I instantly fell in love with it,” Anderson told Architectural Digest. “The architecture and design work was both inspiring and charming, and I knew it was a place where I could comfortably live as both a creative businesswoman and as a mother. My dream is to have him build a farm for me someday! But until then, I’m renting one of his Sag Harbor classics. I feel very lucky to be surrounded by so much beauty each and every day!”

Après Le Deluge
“A recent study of the impact of sea level rise on coastal communities in the continental United States predicted that, by the year 2045, billions of dollars of East End real estate will be at risk of severe flooding,” according to an article in the East Hampton Star. The report warns of “persistent high-tide flooding of homes, yards, roads, and business districts” that would lead to “effectively unlivable” neighborhoods. East Hampton homeowners will have it much easier than their neighbors in Southampton if predictions are correct, losing only an estimated $2 billion as opposed to more than $3.5 billion.

DAVINCI HAUS
The July 4th holiday was filled with many soirées and Sotheby’s Davinci Haus was one not to be missed. A beautiful hot summer day, but Hamptons Real Estate Showcase had that covered with refreshing, naturally flavored ice teas from PLAIN-T keeping us cool. John Healey of Sotheby’s International Realty representing Davinci Haus said the open house was to show how these homes are more than an eco-conscious house. The design and workmanship of a Davinci Haus is a luxurious experience of the purist form.