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 Issue #38, December 14th, 2006

Real Estates

If what you are wishing for this holiday season is an estate in the Hamptons, East End realtors are ready and waiting to make your dreams come true. Whether it is an oceanfront mansion, a secluded hideaway or simply a small country cottage, you can find it here. There is a bevy of beauties available to peruse online, where estates, as well as tiny beach cottages, can be viewed by surfing hreo.com, A.K.A. Hamptons Real Estate.com. From West Hampton to Montauk, Aquebogue to Orient, there literally are thousands of East End properties for sale spanning both the North and South Forks.

In Bridgehampton and Sagaponack, where the two highest-priced listings on the East End are located, and one’s pocketbook must be able to withstand a loss of upwards of $60 million, there is always the 60-acre Three Ponds Farm, or a newly-listed, 15-acre oceanfront compound, for the taking. Three Ponds Farm is a lavish estate that includes not only the property’s three ponds, stocked with fish, but its own private, 18-hole golf course. There are almost too many amenities on this expansive estate to mention them all. It is set in the heart of Bridgehampton’s rolling farmland and boasts one of the more sizeable parcels in the area on the market today, as well as the mansion itself, a guest cottage, silo, infinity pool, personal pro shop, fourteen formal gardens and more than one barn. In Sagaponack, for $65 million, there is an unbelievable 15-acre property that offers 500 feet of oceanfront, 500 feet of pond-front and a 5,000-square-foot residence with staff quarters, an ocean side pool and private guesthouse, situated on its own four-acre parcel. A property in Sagaponack with this kind of acreage on the ocean is almost unheard of in today’s market, where oceanfront property has turned to absolute gold – hence the price tag. The property is situated a quarter-mile from the nearest public beach, making it the ultimate in privacy. Both of these listings represent the upper echelon of East End real estate, and both are listed with the Corcoran Group’s East Hampton and Bridgehampton offices.

Dropping down just a notch in price, $45 million can buy you piece of North Haven with 250 feet of deep-water dockage overlooking Sag Harbor. This 7,500-square-foot, English country mansion on 1.5 acres has seven bedrooms and eleven baths. It has a 20’ x 50’ pool, a Jacuzzi and eight fireplaces. It is listed with Prudential Douglas Elliman in Sag Harbor. And for $40 million, you can still buy Andy Warhol’s old place on the bluffs of the Moorlands in Montauk. Eothen, as it is more formally called, is listed with multiple area realtors. At $35 million, you can have Bumble Bee Manor’s 3.25 waterfront acres on Shelter Island. The sixteen-room mansion, which overlooks the water and includes a guesthouse, St. Barth’s-style pool and pool house, is the highest-priced piece of residential real estate on the tiny island. It is listed with Brown Harris Stevens of Bridgehampton. Also on Shelter Island is a marina for $16 million, and a famous inn, The Ram’s Head, for $10.5 million.

For those who prefer the quiet seclusion of the North Fork, there is a 7,200-square-foot estate on Nassau Point near the bay for $8,250,000. There is a billiard room, wine cellar, media room and two staircases. It is listed with Prudential Douglas Elliman in Southold.

Also in Southold, one can purchase a vintage, three-bedroom classic home with pond views for $995,000. The three-acre property and 3,200-square-foot home is near the Long Island Sound and has cobblestone fireplaces in both the living room and formal dining room. It is listed with the Corcoran Group’s Cutchogue office.

One can still find a quaint country cottage for under a million south of the highway in Quogue. Here, one can walk to the village or the beach from a cute, two-bedroom one-bath cottage. This little 1,000-square-foot gem is set on just under an acre and can be picked up for $995,000. It is listed with Phillips Beach Realty. So, if the multi-million dollar listings are too rich for your holiday dreams, don’t lose heart, there are still a few mini dream-homes to be found here on the East End.

You can reach Diane at eastendrealest@yahoo.com.

 


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