My Hampton Homes - Issue 41

My Hampton HomesSouthampton to Montauk | Sagaponack to Shelter Island

Presented by Gary R. DePersia, Licensed Associate Real Estate Broker

RUXTON ROAD AT COVE HOLLOW FARMEAST HAMPTON (see inside)

Real estate agents affiliated with The Corcoran Group are independent contractor sales associates and are not employees of The Corcoran Group. Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. All dimensions provided are approximate. To obtain exact dimensions, Corcoran advises you to hire a qualified architect or engineer. 51 Main Street, East Hampton NY 11937 | 631.324.3900

Gary R. DePersia | Licensed Associate Real Estate Broker | m: 516.380.0538 | [email protected]

As I sit in my office, looking out the window at the slowly falling autumn leaves in the lead up to Thanksgiving, I can’t help but think, it’s so beautiful in the Hamptons at this time of year. It sparks a conversation I have had repeatedly with clients and friends since I started to sell real estate here almost 2 decades ago.

I wish I had a dollar for every time I’ve heard these questions:

“You live out there full time?”

“What’s it like during the off-season?”

“Don’t you get bored?”

The answers, I’m happy to say, all these years later, remain the same:

“Yes.”

“Busy.”

“Never.”

Yet 30 years ago, when I was just a summer weekender looking to golf, windsurf or go to the beach, I was clueless about what to do here after September. Sure, I could easily point you to the best windsurfing spots at Napeague. Or recite the ins and outs of the Montauk Downs reservation system. Or tell you where to get the best lobster roll. I just never thought about the Hamptons much beyond May to September. Now having lived and worked here for almost 20 years, I’ve watched the tempo of this region with very close interest. It’s not just about the beach anymore; it’s not even just about the Summer.

There are many off-season riches. Incredible autumns, when the weather is superb and the water can stay warm into October. Farm stands, north and south of the highway, where the assortment of local bounty is dazzling. Restaurants open year-round with surprisingly busy weekends that can still be relaxing. Even winter is hospitable with big skies, peaceful landscapes and easy left turns. For certain, the Hamptons — as a place to live, visit or invest — has evolved. What was once just a summer getaway from Memorial Day to Labor Day is now a breathtaking and year-round country retreat. With each passing year, this is a place where those with busy lives elsewhere invest more of their precious leisure time and make much more use of their homes. The splendors here ensure one is unlikely to regret such a decision. Of course, the real estate market has been both a mirror and catalyst for this dramatic transformation.

Anyone who has tried to find a parking spot on the Main Streets of East Hampton or Southampton on a mid-winter’s Saturday or Sunday knows there is indeed life after Labor Day. With an influx of friends and associates buying homes out East, winter weekenders now have like-minded people to meet for lunch or invite over for dinner. Play dates for the kids or golf and tennis have become easy to arrange. This year’s very robust market has done nothing to dampen the spirits of brokers and their clients who have invested significant dollars in the Hamptons.

Benchmarks were set in many areas, including my own business. In 2014, more than 30 of my exclusive listings went to contract or closed. I participated in nearly $200 million dollars of real estate transactions. Inventory that sat for some time quickly started, and continues, to disappear. All of this before year’s end as savvy buyers race to keep ahead of the bonus babies sure to appear early next year. Not surprisingly, in 2015, I do not foresee any let up and at almost every price range. Top brokers are juggling eager buyers and showing listings each weekend.

So in January, when you return from St Barth, Palm Beach or Aspen, and you’re watching the snow fall from your own office window, keep in mind the Hamptons is not in hibernation. We’ve been busy working with your friends and associates to find them their East End retreats. And we’re ready for you when you are. Perhaps you’ll be in your own Hamptons home by next Thanksgiving.

Wishing you and yours a plentiful gathering at this beautiful time of year.

B Y G A R Y D E P E R S I A

IT’S NOT JUST ABOUT THE BEACH

Real estate agents affiliated with The Corcoran Group are independent contractor sales associates and are not employees of The Corcoran Group. Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. All dimensions provided are approximate. To obtain exact dimensions, Corcoran advises you to hire a qualified architect or engineer. 51 Main Street, East Hampton NY 11937 | 631.324.3900

Southampton to Montauk...Sagaponack to Shelter Island

The Hamptons for Buyers, Sellers, Renters & Investors

Gary R. DePersiaLicensed Associate Real Estate Brokerm: [email protected]

East Hampton. Defined by an aesthetic that reaches across centuries while embracing the best of what’s new, a 7 bedroom residence, now at an extraordinary new price, commands nearly 3.5 park like acres in a coveted Georgica location. Timeless splendor and a gracious elegance converge within this 7,700 SF+/- manse that welcomes you into a double height entry over white oak floors that fan out to exquisite common rooms to include the 2 sided great room with fireplace and a light filled sun room as well as the formal dining room, large enough for both grand and intimate entertaining. The generous, fully equipped kitchen is bolstered by its own breakfast room. A den with full bath along with a staff apartment, adding to the bedroom potential, completes the first floor. Upstairs the master wing with fireplace, sumptuous bath, walk in closet and private terrace anchors a 2nd floor that additionally has two bedrooms with baths ensuite while a separate wing has two more guest suites. A finished lower level adds sitting room, gym, sauna and wine cellar. An L-shaped annex, embracing the 60’ pool, houses a lounge, potting shed and unique cabana. Edmund D. Hollander has created a sense of tranquility and a park like setting along with extensive stone patios, sprawling lawn, specimen trees, apple orchard and flowering gardens that frame the tennis court with pavilion and an 80 yard golf hole. Public water and gas along with a generator add to the property’s élan. Make plans now to preview this truly unique offering in a privileged 124 acre enclave, only a short distance to village shopping, ocean beaches and world class golf courses, comfortably sequestered in a private setting.

Co-Exclusive. $9.95M WEB# 36726

RUXTON ROAD AT COVE HOLLOW FARMRUXTON ROAD AT COVE HOLLOW FARM

IT’S NOT JUST ABOUT THE BEACH


East Hampton. The historic Springs is the setting for a quintessential 2 bedroom, 2 bath cottage made private by acres of wooded preserve. Walking distance to a country store, local restaurants, marinas and bay beaches, this well maintained home offers the convenience of one level living with the great room, dining area, kitchen, 2 bedrooms and a bath all on one floor while below, a finished lower level offers recreational area, full bath and laundry facilities. Outside dining is made possible on the newly fashioned decks while there is additionally room for a pool. Bike to the beach during the day or stroll at night to enjoy sunsets while dining at one of the several harbor front restaurants. The Springs School is around the corner. Contact us today for your own preview of this well priced offering. Exclusive. $585K WEB# 26115

East Hampton. Walking distance to the same water and bathed in the same light that inspired Pollack, DeKooning, Rothko and others, this 4 bedroom residence in the historic Springs is ready to mesmerize new occupants. Meticulously maintained by the same owners since they had it custom built, a one story, 2,600 SF+/- contemporary welcomes all over wood floors to enjoy the warmth and comfort created by the fireplace that dominates a cathedral ceiling living room that incorporates the dining area and eat-in kitchen. A pair of master bedrooms with baths ensuite flank either side of the residence while 2 additional bedrooms share a generous guest bath. A cozy den leads to the large family room with fireplace which is home to a pool table but could accommodate a variety of activities. A series of glass doors look out to the generous decking which hosts a hot tub and ample space to kick back and relax. With room for a pool and within easy walking distance to the marinas and the several restaurants that overlook the sunset on Three Mile Harbor, this well priced new offering awaits your preview today.Exclusive. $795K WEB# 23663

COTTAGE BY THE BAY

LONGWOODS

East Hampton. Bathed in bay breezes and sequestered behind a gated entry, a magnificent residence reigns over nearly 2 manicured acres of gardens and specimen trees in a kingly setting within the Grace Estate, one of East Hampton’s most coveted waterfront communities with deeded beach access. Timeless splendor and regal elegance combine within this 10,000 SF+/- European influenced manor on 3 levels of living space which is lent a measure of gravitas by its stucco and stone exterior. A stunning foyer, leading past a curved staircase, welcomes all over deeply stained Brazilian walnut floors to a dramatic great room warmed by a large wood burning fireplace and augmented by a beamed, cathedral ceiling and a series of tall windows and doors that ushers the outdoors in. Command your empire or enjoy quiet reflection sitting in front of the fireplace in the separate den. A large, professionally equipped, eat-in kitchen with its own fireplace and bolstered by butlers pantry is perfectly poised to service the formal dining room with fireplace beneath a wood clad coffered ceiling. Begin and end your days in the master wing warmed by its own fireplace offering his and her baths and closets and a private balcony overlooking the pool and grounds below. Four additional bedroom suites allow for fortunate guests. Hardly a dungeon, the well conceived finished lower level offers living room with fireplace, screening room, recreational room, steam bath and access to the 4 car garage. A covered porch with fireplace and outdoor kitchen looks out past the spa to the pool and pool house beyond.Exclusive. $3.995M WEB# 36855

LANE OF THRONES, YOUR GRACE

East Hampton. M & M Custom Homes returns to East Hampton South as construction is now complete in picturesque seclusion on 1.25 acres in the coveted enclave that is Georgica. This 6,300 SF+/-, 8 bedroom traditional, with new interiors by Gail Sitomer, offers, on the 1st floor, great room, den and family room connecting to the fully outfitted kitchen, all warmed by fireplaces. A formal dining room bolstered by butlers pantry, generous guest master suite, a pair of powder rooms and covered porch complete the first floor. Upstairs the expansive master wing runs from the front to the back of the residence offering luxurious bath with steam shower and heated floors, his and her closets and a cozy sitting room. Four additional, well placed ensuite bedrooms accommodate weekend entertaining. There is also unfinished attic space that awaits the fertile imagination. The finished lower level adds nearly 3,000 SF+/- and is complete with a media room, prewired for your own home theatre, as well as wine cellar, gym with full spa bath, recreational rooms and a pair of staff suites sharing another full bath. Outside a built-in kitchen can be found on the broad covered porch while a cabana overlooks the 20’ X 50’ pool, spa and a 4-car detached garage. All this, set within a sea of verdant lawn behind dense perimeter plantings, just a short distance to village shopping and ocean beaches. Make an appointment today.

Exclusive. $7.95M WEB# 39576

COVE HOLLOW ROAD BY M&M CUSTOM HOMES

LANE OF THRONES, YOUR GRACE

COVE HOLLOW ROAD BY M&M CUSTOM HOMES


Water Mill. The Atlantic and Mecox Bay nearly come together to caress this magnificent oceanfront home featuring a dock on the bay. Located just minutes from Southampton Village, this perfect Hamptons retreat, available both for sale and for rent, is professionally decorated and was designed for seamless entertaining. This rare ocean and bayfront offering features 5 bedrooms, 5.5 bathrooms a professional state-of-the-art kitchen, living room, dining room, media room, sun room and maid's quarters with nearby laundry room with dual washers and dryers. There are four fireplaces, including one outdoors as well as radiant heat throughout the house. The state of the art, Crestron controlled residence includes an extensive home entertainment system with numerous flat screen TVs and audio systems. Expansive decking frames the heated gunite pool and spa on the second floor offering magnificent views of both ocean and bay. A poolside summer kitchen, with dumbwaiter for groceries from the garage, provides the perfect opportunity for al fresco dining. A private walkway to the ocean beach boasts an outdoor shower. A gated entry and extensive landscaping ensures privacy. This home also includes a bay front dock with room to accommodate boats or jet skis as well as a garage to keep the midday sun off the convertible. Surf the ocean in the morning when the waves beckon and kite board the bay in the afternoon when the southwest thermals prevail. Sunrises and sunsets can be yours each and every day when you own this incredible residence. Inquire about off-season rental possibilities.

Co-Exclusive. Price Upon Request WEB# 36871

FLYING POINT: WHERE OCEAN MEETS BAY

Bridgehampton. Nearly 3 acres on iconic Ocean Road hosts a sensational new 7 bedroom manse which is destined to become one of the significant estates of Bridgehampton South. An allee of stately Linden’s forms a canopy above a gated drive past the all weather 60’ X 120’ tennis court set within the front lawn to a 9,100 SF+/- shingled traditional, warmed by 8 fireplaces and having all the finishes and amenities that have become the hallmark of a grand Hamptons estate. A glassed entrance vestibule opens to a 22’ high paneled foyer that sets the tone for this masterfully built and handsomely appointed residence beyond which lies a great room, living room, wood paneled library, dining room and an expansive state of the art kitchen with butlers pantry and adjacent morning room, all warmed by fireplaces. A breakfast pavilion wrapped in glass and 2 powder rooms complete the 1st floor. Upstairs, the grand master wing reigns to the south offering sitting room with fireplace, a private terrace, large walk-in closet and luxurious bath. A junior master suite to the north with fireplace and covered terrace is joined by four additional bedrooms with baths all ensuite. An elevator reaches an additional 3,700 SF+/- finished lower level which includes staff quarters, living room, wine cellar and a true spa experience with gym, steam and sauna. Geothermal heating, public water and public gas which powers a whole house generator add to the property’s élan. A unique 3 car garage with porte-cochere houses all the toys with optional hydraulic capacity for 3 additional vehicles. A covered courtyard with outdoor kitchen and fireplace joins with 3,000 SF+/- of stone patios that overlook the 20’ X 60’ salt water Gunite pool with spa, pool house and sumptuous landscaping on an already private shy 3 acre lot. Ready now for Fall 2014 and all the seasons to come. Call for full plans and particulars today.

Co-Exclusive. $18.5M WEB# 27073

OCEAN ROAD

Gary R. DePersia | Lic. Assoc. R.E. Broker | m: 516.380.0538 | [email protected]

Montauk. Spanning nearly 7 acres across 4 separate, southwest facing, waterfront parcels, a singular harbor front opportunity has just emerged from the cool waters of very hot Montauk at a very attractive new price. This offering includes a Men at Work built 2 bedroom cottage of recent vintage on almost 1.5 acres that could become the gate house for an assemblage of properties that includes an adjacent 1.4 acre vacant building parcel. The centerpiece of this grouping is a nearly 1.5 acre parcel that includes the Packing House where tuna was once packaged and shipped overseas atop which sits a 2 bedroom apartment. The Tower building, to its right, offers storage, bathroom facilities, a 4 bay garage and an office above which overlooks the harbor. A small multi-use building sits just behind. One hundred fifty feet of dock reaches out to a unique barn-like boat house also built by Men at Work, surrounded by additional docking on 3 sides. Adding to this sprawling compound is a vacant 2.75 acre lot to the North with additional possibilities for development. Certainly you could explore the commercial potential which includes the bottom rights beneath the harbor, but a boating enthusiast might consider this the perfect opportunity to create the ultimate waterfront oasis accessible by land, sea and air, as the Montauk Airport is just down the road. With multiple uses, southwest exposure, brilliant sunsets and the entrance from Lake Montauk to Long Island Sound and the open waters of the Atlantic Ocean only a few hundred yards away, this compound should be previewed today before it escapes on the next tide.

Exclusive. $19.95M WEB# 32737

MONTAUK WATERFRONT COMPOUND

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My Hampton Homes - Issue 41