Latest News: Realty Check

Realty Check

By Barbara Baker - October 26, 2020

Red Hot Real Estate

Is The Red Hot Chili Peppers drummer, Chad Smith, looking to “Give It Away” or not? Realtor.com reports that his Montauk house is on the market for $15 million, represented by Jenny Landey of Sotheby’s International Realty but we can’t find the listing anywhere. According to the report, the 4-acre gated property includes a pair of lots; 259 feet of Fort Pond-facing sandy beachfront; a saltwater pool; and a 4,750-square-foot main house with five bedrooms and five-and-a-half baths; and a two bedroom, two bath guest cottage. Additionally, the prime property features an organic garden designed by Christopher LaGuardia, a zip line, playground, outdoor screening area and a fire pit. Smith, who has frequently joined local musical talent on stages across the East End, has been with The Red Hot Chili Peppers since 1988. He and his band mates have earned multiple Grammy Awards and were inducted into the Rock and Roll Hall of Fame in 2012. 

Love Shack

Not too far away and on the same stretch of water, Oscar-winning actor Julianne Moore and her filmmaker husband, Bart Freundlich, have relisted their charming Montauk property on Fort Pond. Represented by Theresa Eurell of Saunders & Associates, the.69-acre spot comes with a three bedroom, one bath cottage, reminiscent of a chic country dollhouse, saltwater Gunite pool, pool house and a sweeping lawn, given the size of the lot. It entered the market several years ago for $3.5 million. Moore, who also writes the “Strawberry Freckleface” series children’s books, and Freundlich, met on the set of “The Myth of Fingerprints” in 1996. Last year they worked together again, on the feature film, “After the Wedding,” which was filmed on Long Island. 

Trophy Winner

A whopping property on the ocean in Bridgehampton has come to market for $72 million. Located at 271 Dune Road, the expansive 2.63-acre estate, listed with Paul Brennan and Martha Gundersen of Douglas Elliman Real Estate, comes with approximately 275 feet of frontage, deeded access, and permanently protected and unobstructed views of both the Atlantic and of Mecox Bay. Boasting a newly renovated 8,000-square-foot shingle-style manse with eight bedrooms and seven full and two-half baths, with all the modern upgrades, the property also comes with thoughtful siting, pool, spa, three separate parking areas and two driveways. Permitting is in place for a 14,000-square-foot home and 6,000-square-foot guest cottage, should the new owner decide to knock everything down and start anew. 

Jumbo Mortgage

Billionaire businessman Ron Perelman has reportedly said that he is considering selling off “The Creeks.” If a buyer can come up with the tidy sum of $180 million. The 57-acre East Hampton estate, which has hosted a number of high profile and exclusive fundraising events over the years, stretches from Lily Pond to the ocean and is gated and guarded like Fort Knox. Not much else is known about the property, as it stands now, as those who enter must sign confidentiality agreements. It reportedly comes with more than a mile of frontage on Georgica, plus stunning ocean views, a huge lawn and gardens, pool and tennis. Only three families have owned the land during the course of the past 120 years. Named for a pair of creeks on the property that are tributaries to Georgica Pond, the home was originally built for artist Albert Herter back in 1899 by influential architect Grosvenor Atterbury. Once called “Pres Choises,” it has been noted as one of the most prime pieces of real estate on the East End. Perelman, a Revlon majority stakeholder, has been selling off a considerable amount of his assets of late. This year, he’s released his ownership of  East Hamptons’ The Independent newspaper, sold a 70-percent stake in Humvee maker AM General, auctioned off paintings by Joan Miro and Henri Matisse, and is in the process of selling his ownership in Scientific Games, a maker of casino and instant lottery games. 

Flip or Flop

It seems that the mystery buyer who scooped up 26 and 32 Windmill Lane in East Hampton earlier this year is either looking to unload or to make a tidy profit. After claiming the enormous spread for $45 million in April, the unknown purchaser has now relisted the property for a whopping $72 million. Represented by Gary DePersia of The Corcoran Group, who brought the buyer earlier this year, the compound is sited on 6.7-acres and comes with 300 feet of frontage, a generous circa-1989 traditional shingle-style 5,900-square-foot manse, guest house, pool and room for tennis. Who is selling this spread and why? Let the guessing games begin.

A Better Tomorrow? 

Former “Today” show anchor Matt Lauer has put his North Haven home, Strongheart Manor, back on the market for $43.99 million. Formerly owned by actor Richard Gere, the 6.3-acre gated property is a study in serenity, with stunning views of Peconic Bay and the Mashomack Preserve, 300 feet of bay frontage, a 240-foot deep water dock, sandy beach and a private waterfront pond with its own footbridge and tea house. There’s also a main house, two guest houses, a 60-foot heated waterfront pool, mature landscaping with generous gardens and specimen trees, an outdoor fireplace pavilion, basketball court and room for tennis. Located on Actors Colony Road, the property comprises three single and separate lots. Susan Breitenbach of The Corcoran Group, who brokered the deal back in 2016 when Lauer purchased the home from Gere, currently represents it. 

Shopping Sagaponack

It’s now possible to own a bona fide piece of actual Hamptons history with the purchase of the iconic Sagaponack General Store. Built in 1878 and priced at $3.995 million, this landmarked former United States Post Office has been kept in the Hildreth and Thayer families for more than 100 years. Currently housing Pierre’s Market, the commercial property is represented by Susan Ratcliffe and Christopher Burnside of Brown Harris Stevens. 

Ch-Ch-Changes

Veteran Douglas Elliman top broker Enzo Morabito has welcomed Hamptons insider Dawn Watson to his team. Watson, an award-winning journalist and regular contributor to this publication, formerly managed public relations for Elliman in the Hamptons, on the North Fork and across Long Island. She’s currently the host for LTV’s “Right Now! On the East End.” 

Hal Zwick and Jeffrey Sztorc have recently joined Compass as The Hamptons Real Estate Commercial Team. Both have brought their professional experience to the unique nature of the commercial marketplace on the East End. Hal respects the confidential nature of the seller’s intent and information as he guides you through the process. Hal resides in East Hampton with his son, three dogs and two cats, and he takes advantage of all the activities the area has to offer. Jeffrey, on the other hand, brought his financial background and Manhattan commercial real estate experience to the Hamptons in 2014. Jeffrey is very active in the community and an advocate for conserving the nature of the East End and he’s also an avid surfer.

Hamptons Realty Group has moved their office to a new location, just down the road to 532 Montauk Highway in Amagansett, across the street from the IGA. Stop by and check out their new space and exclusive listings. Principal broker Htun Han brings over 40 years of exceptional real estate service listing and selling the best properties…and is still going strong!

No Comments

Sorry, the comment form is closed at this time.