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May 22, 2008

Brown Harris Stevens opens two new Hamptons offices

Brown Harris Stevens has opened two new sales offices on the South Fork. (Now they have six locations in the Hamptons.) The real estate agency is hosting two open houses on Saturday: one from 1 to 5 p.m. at 167 Main St. in Amagansett and the other from 3 to 7 p.m. at 24 Main St. in Southampton. White wine, sparkling water and hors d’oeuvres will be served.

March 17, 2008

Westhampton Beach property listed for $39 million

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A 10.4-acre mansion with ocean views and 1,000 feet of shoreline on Quantuck Bay in Westhampton Beach has recently hit the market. The asking price is $39 million, says listing agent Mark Roter of Brown Harris Stevens.

The 16,000-square-foot shingle-style mansion has 24 rooms, six fireplaces, nine bedrooms, nine full baths and two half-baths. The three-story home was originally built in 1903 for William C. Atwater, a Brooklyn-born coal baron who was active in the early development of Westhampton Beach. Atwater often raced his yacht on the Great South Bay. The architect was Henry Bacon, the designer the Lincoln Memorial in Washington, D.C.

The current owners, Leonard and Kathryn Conway, purchased the home in 1994. He is a former Wall Street executive and an investor in RSN, a national television network catering to resort communities. She is a former television executve who was raised in Babylon. The couple finished a two-year restoration project on the property in 1997, adding a new roof and wiring, along with modern amenities like a Gunite pool and Har-Tru tennis court.

Roter says one of his favorite parts of the home is the grand entrance hall, with its three-story grand staircase. “The living space of this home is so gracious,” Roter says, ”and the proportion of the rooms is perfect.”

The grounds also include a poolside carriage house, a guest cottage and a gardener’s house and a greenhouse. Hundred-year-old catalpa trees line the estate and main driveway, and a deepwater dock provides access to the bay.

March 11, 2008

Ram's Head Inn may become high-priced rehab center

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The Independent newspaper is reporting that plans are afoot to turn Shelter Island’s Ram’s Head Inn into a “rehab for senior executives or professionals seeking state-of-the-art recovery treatment regimes.” The paper reports that a stay at the proposed rehab center would cost $36,000 per month.

The Ram’s Head Inn, built in 1929, has been on the market for nearly two years. Last year, Christie Brinkley’s ex, Peter Cook, had briefly represented the property. The current asking price for the 4.3 acre property is $17.5 million, listed with Tony Cerio of Brown Harris Stevens.

February 8, 2008

Hamptons summer rentals, from $48G to $1 million

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"It's the strong rental market I've ever seen," says Susan Breitenbach of The Corcoran Group, who has listings ranging from $12,000 to $400,000 for the summer. This season, there are two for $1 million. This one, on Shinnecock Bay, is listed with Brown Harris Stevens for $400,000. Read all about it -- and see a video of one of the $1 million summer rentals -- by clicking here.

January 16, 2008

Steven Spielberg closes on Georgica Pond property

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Oscar-winning director Steven Spielberg has added another property to his Georgica Pond holdings in East Hampton, a source tells Newsday. Spielberg closed on the purchase of the three-acre lot this week on Apaquogue Road for a bit less than the asking price of $19.95 million.

Sources say the transaction was handled by Spielberg’s lawyer, California-based Gerald Breslauer, whose company name appears on records for nearby tracts that Spielberg owns. Included in the purchase is a 4,500-square-foot, six-bedroom home that a local agent told Newsday last month was likely being purchased as a tear-down. “It’s all about land value,” the agent said. It has been reported that Spielberg is also in talks to purchase an adjacent lot owned by the estate of the late philanthropist Arthur Ross.

Spielberg’s neighbors include writers Nora Ephron and Nick Pileggi, who last summer reportedly rented their home to Paul McCartney’s ex, Heather Mills.

The listing involved a four-way exclusive with the The Corcoran Group, Sotheby’s International Realty, Brown Harris Stevens, and Prudential Douglas Elliman, sources say.

December 25, 2007

Holiday parties defy slow market

At The Pierre hotel in Manhattan last Wednesday, agents with Prudential Douglas Elliman Real Estate and their guests ate, drank and danced to a live band in the ornate ballroom, while banks of food, from sushi to chocolate maltballs, waited in side rooms with murals on walls.

“There’s a woman with two legs,” said a senior official from the real estate agency, and along came a woman dressed like an 18th century French aristocrat, standing inside the middle of a table, decorated like a puffed-out skirt. As she walked around, the table rolled with her, and celebrants picked h’ordeurves off the table top.

Despite a slowing market, some of Long Island’s biggest real estate companies showed they can really party.

How about dancing cages at the party thrown by Shawn Elliott Luxury Homes and Estates?

“I have agents in their 70s dancing in the cages,” said Elliott, founder of the Woodbury-based agency.

The cages weren’t hanging from ceilings but rested on platforms at the Pine Hollow Country Club in East Norwich, where Elliott usually has his monthly office meetings. Each year, the broker books the cages and finds that the agents he least expected to go wild – the mild-mannered types during the work day – are the ones who really groove behind bars.

This year, Elliott even booked a Rod Stewart look-alike to perform, complete with sunglasses.

Just before the holidays each year, Elliott has to ask himself a tough question – how can he top last year’s holiday party?

For Brown Harris Stevens, festivities took place under a recognized New York City landmark, Gustavino’s, an architecturally-striking catering space under the 59th Street Bridge in Manhattan.
A trio of brokers, all once professional singers, performed and company president Hall Willkie, according to one report, rarely left the dance floor.

Daniel Gale Sotheby’s International Realty took over The Carltun at Eisenhower Park, where a 10-piece band and two bars – martini and raw - entertained close to 500 people. In the Palm Court, a guitar duo played for those who wanted to hear each other talk and be merry at the same time.

The backdrop to food were ice carvings, including one in the shape of the world’s largest animal. As one guest joked, “Everyone had a whale of a time.”

December 3, 2007

Is Steven Spielberg expanding his Georgica Pond Empire?

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Could director Steven Spielberg be expanding his Georgica Pond real estate holdings?

Rumors are swirling in East End real estate circles that a home on Apaquogue Road in East Hampton village will be Spielberg’s newest acquisition. Spielberg already owns a compound two lots over from this one, which insiders say is being purchased by him through California-based attorney Gerald Breslauer.

Breslauer, whose company's name appears on property records for the parcel that Spielberg already owns, declined to comment.

The asking price for the 4,500-square-foot, six-bedroom traditional dwelling was just under $20 million. An agent familiar with the 3-acre pondfront property said that it is likely being purchased as a tear-down. “It’s all about land value,” the agent says.

The listing involved a four-way exclusive with the Corcoran Group, Sotheby’s International Realty, Brown Harris Stevens, and Prudential Douglas Elliman. Sources close to the deal say they've been told Spielberg is the actual purchaser of the property.

Property owned by the estate of philanthropist Arthur Ross, who died in September at the age of 96, sits between Spielberg's current property and the new one.

Spielberg's neighbors include writers Nora Ephron and Nick Pileggi, who reportedly rented their home this summer to Paul McCartney's ex, Heather Mills. Rocker Jon Bon Jovi is also said to own a home in the area.

November 15, 2007

Christie Todd Whitman's former family home is sold

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Before Christie Todd Whitman became governor of New Jersey (1994-2001), she spent her summers in East Hampton village at this shingle-style mansion built by her grandfather John R. Todd in 1929.

The home, which the current owners purchased from the Todd family in 1981, is changing hands once again. According to the Brown Harris Stevens Web site, the $6.95 million listing is now in contract. The three-story dwelling has 12 bedrooms and 9.5 baths, six fireplaces and a four-car garage, and is located near Wiborg Beach.

Whitman’s grandfather and father, Webster B. Todd, were involved in the planning and construction of Rockefeller Center in Manhattan.

November 14, 2007

Shelter Island's Andre Balazs to sell four hotels

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Hotelier-to-the-hip Andre Balazs tells Crainsnewyork.com that he is close to a deal to sell four of his hotel properties to an unidentified buyer. He’ll use the proceeds, he tells Crain’s, to reinvest in additional hotels.

His company, Andre Balazs Properties, will continue to operate Hotel QT in Manhattan, and three Standard Hotels in Los Angeles, Hollywood and Miami after they are sold to the investor.

Among the other properties he owns which are not for sale are the Chateau Marmont in Hollywood, and here on Long Island, the Sunset Beach on Shelter Island's Shore Road.

Where will Balazs's next investment be? Earlier this summer, when questioned by Newsday, a representative of Balazs denied the rumor that he would be adding Shelter Island’s Chequit Inn to his hotel portfolio. At the time, listing agent Tony Cerio of Brown Harris Stevens also denied the rumor.

The Chequit Inn, built in 1872, is still currently listed on the Brown Harris Stevens Web site for $6 million. The one-acre property includes three buildings, water views and an on-site antiques shop, just two blocks from the North Ferry.

Balazs, who once had a romantic relationship with actress Uma Thurman, owns a vacation home on Shelter Island close to Itzhak Perlman’s summer music camp.

October 22, 2007

Second price cut for author's East Hampton house

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New York Magazine reports this week that the East Hampton house of Joseph Heller, who wrote "Catch 22," has been reduced in price for a second time -- the asking price is now $3.1 million. It went on the market in 2005 for $3.65 million. Heller died of a heart attack at the house in 1999. Mary Ellen McGuire of Brown Harris Stevens has the listing.

September 26, 2007

Peconic Land Trust buys Shelter Island estate

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After two years of talks, the Peconic Land Trust closed last Wednesday on the 25.5-acre Cackle Hill estate on Shelter Island, plus 1.4 acres of waterfront land with a dock. The deal was a co-exclusive with Corcoran Group and Brown Harris Stevens.


As part of the $7.3 million agreement, the land will be subdivided. The rear 17 acres, a wooded area, will be transferred to the town and Suffolk County to be preserved permanently.


The remaining acreage -- including waterfront property, and a six-bedroom, six-bath farmhouse with a 100-foot screened-in wraparound porch, herb and perennial gardens and a pool -- is being listed for sale for $5.5 million.


Preservation easement restrictions will limit further development.


Cackle Hill, named for the 3,000-chicken egg farm that operated there for about 30 years beginning in the 1940s, has had a succession of owners. The home was renovated in the '80s by former Vogue editor and public relations executive Kezia Keeble and her husband, John Duka, who married there in 1985.


Current owners, Jan and Bill Pike, have owned the estate for 10 years. Corcoran's Penelope Moore, who listed the property, says the Pikes did not want to see the land developed and were "delighted" at the outcome of the sale.


The acreage being preserved is directly opposite Itzhak Perlman's summer music camp and near the Pridwin Hotel.


Actress Julie Kavner and hotelier Andre Belasz also own homes nearby.

--LAURA MANN

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