bridgehampton

Joseph Gregory Relists In The Hamptons

Filed under: Estates

When it comes to real estate if at first you don't succeed, list, list again. The Wall Street Journal reports that former Lehman Brothers president Joe Gregory has relisted his beautiful Bridgehampton mansion at a new lower price. This was our estate of the day back in September 2008 when it was listed for $32.5 million. We watched the price tumble to $27.9 million before it was taken off the market. Now it's back with a new broker, Beate Moore of Sotheby's International Realty, new listing pictures and a price of $25 million.

Gregory bought the 9,500-square-foot oceanfront home for $19 million in January 2007. The Hamptons home was a new eight-bedroom spec house which was built on 2.5 acres in Bridgehampton, New York. Gregory and his wife Niki spent several million dollars in renovations but reportedly only spent less than a month total in the home before it was first listed. The home includes two master suites and a a second floor deck, The property has a pool area surrounded by plush green lawns and a sandy path leading across the dunes and to the ocean.

Tags: bridgehampton, hamptons, hamptons real estate, joe gregory, Joseph Gregory, lehman brothers, new york real estate

55 Dune Road, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Summer and thoughts drift toward the Hamptons, white sands, green grass an an expanse of deep blue ocean. David J. Wine, vice chairman of Related Companies, responsible for the Hudson Riverfront's Superior Ink, one of Manhattan's most successful downtown developments, has developed 55 Dune Road, a luxury hideaway in Bridgehampton. The first property is the first independent venture for Oliver's Company, Wine's holding company. 55 Dune Road is a modern oceanfront dream home on a .7 acre oceanfront spot. The home boasts enviable 70-degree forever-protected ocean and Mecox-Bay views.

The property includes a 3,800-square-foot main house and an 800-square-foot pool house joined by an elevated, double-infinity-edge pool with views of the ocean, Mecox Bay and surrounding dunes.The private landscaped courtyard by Edmund Hollander Design, Inc. connects the main house and the pool house. The four-bedroom main house has interiors by designer Robert Stilin. The home has rift and quarter sawn white oak with an ultra matte finish throughout, a bay view dining deck, an oceanfront deck and two wood-burning fireplaces. The kitchen has state-of-the-art Sub-Zero, Wolf and Miele appliances. The master suite entices with a master bath with a Hoesch Philippe Starck soaking tub peering straight out onto the ocean and Dornbracht fixtures. Wyeth, which specializes in museum-quality Mid-Century Modern antiques, raw industrial metal objects and rare vintage collectibles, will fully furnish the interiors of 55 Dune Road under the direction of Stilin.

The home's size is deliberate. "The average home in this price range currently on the market in the Hamptons is well over 7,000 square feet, and the average oceanfront home is over $20 million," said David J. Wine. "Who needs all that maintenance and hassle? Today, people are looking for smarter, flexible and inspiring spaces that afford the highest quality architecture, design and location. This is why we designed 55 Dune Road." Bill Williams and Dana Trotter of Sotheby's International Realty have the listing.

Gallery: 55 Dune Road

Tags: bridgehampton, estate of the day, hamptons, new york real estate

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Kevin Sorbo Would Like To Sell You A House Or Two

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping, Celebrity Design

Last week Newsday reported that actor Kevin Sorbo had sold one of his Hamptons homes. The actor best known for playing Hercules has two more homes up for sale in Bridgehampton, New York. Sorbo has been at work in the Hamptons for years, buying homes and properties and selling them for a profit. The two remaining homes up for sale include a 12,000 square foot eight bedroom house on six acres. The estate is designed for summer fun with a tennis court, pool house and a finished lower level with a spa, sauna, massage room, extensive gym, extra bedrooms and bath and built-in humidor. The home has a large master suite with a private deck. It is listed at $7.995 million.

The other home a smaller seven-bedroom is a little less than 8,000 square feet but is located a block away from the ocean. The home has a master suite with a sitting room, gourmet kitchen and a movie theater. Outside there is a heated gunite pool. This one is listed at $9.5 million.

Both of the homes for sale are decorated in classic Hamptons style, a sort of studied beachy casual. All three homes are listed with the Breitenbachs of The Corcoran Group.

Gallery: 2 Winding Way

Gallery: Ocean Road

Tags: bridgehampton, celebrity real estate, estate of the day, hamptons, Kevin Sorbo, new york real estate

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Sandy Gallin In Bridgehampton, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

You have to admire a man who has the real estate cojones to put two $32 million homes up for sale in this crazy market. Talent manager Sandy Gallin, who has represented Michael Jackson and Barbra Streisand, is also a real estate madman. Earlier this year he put a flawless home in Bel Air, California on the market for $32 million. He must like that number, that's how much he has listed his 14-acre estate in Bridgehampton for as the Wall Street Journal's Private Proeprties reveals.

If the California home is a mogul-ready manor then the Bridgehampton home is for the New York City financial tycoon looking for a bit of peace of mind on the weekends. The quiet and tasteful shingled home has seven bedrooms and a calm interior design that shows off modern country taste taken to its apotheosis. The property includes a 1.5 acre pond and a pool.

Gallery: Sandy Gallin In Bridgehampton

Tags: bel air, BelAir, bridgehampton, estate of the day, EstateOfTheDay, sandy gallin, SandyGallin

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Price Cutting Continues For Hamptons 2006 Designer Showhouse

by Deidre Woollard (RSS feed) —

Filed under: Estates

Here's an update on a home we've been watching since 2006. The Hamptons 2006 Designer Showhouse in Bridgehampton, New York was listed at $27 million when it first hit the market. The house sits on a nearly four-acre parcel with deeded Sagg Pond access and ocean views. The custom home was built by Burns Development and designed by architect Peter Cook (Christie Brinkley's ex-husband). The home was outfitted by a variety of high-end designers including Barclay Butera,Ernest de la Torre and Eric Cohler.

The home has spent the last three years on and off the market. It started at $27 million, was reduced to $24.5 million and then went off the market. The 14,000-square-foot home showed up again in June of this year at a new low price of $16.9 million. Now just a couple of months later Newsday reports that it sits at $15.4 million. Corcoran has the listing.

Gallery: 2006 Hampton Designer Showhouse

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Tags: bridgehampton, hamptons, hamptons show house, HamptonsShowHouse

Heather Mills Makes the Scene at Bridgehampton Polo

by Jared Paul Stern (RSS feed) —

Filed under: Events, Sports

Paul McCartney's headline-grabbing ex Heather Mills made the scene at week four of the Mercedes-Benz Polo Challenge at Blue Star Jets Field in Bridgehampton the other day, sporting a new, shorter hairstyle. At the polo match, which was sponsored by Diamond Teak, the former model was seen chatting with hot young racecar driver Tim George Jr. (above), who appears on the cover of the new issue of Social Life magazine. The match ended with team Great Oaks defeating Heathcote in a decisive 16 to 5 victory. Other onlookers at the match included socialite Denise Rich and the Real Housewives of New York City's Alex McCord with husband Simon Van Kempen and Ramona Singer with her husband Mario. Diamond Teak is the leading teak furniture design and manufacturing company recognized for creativity, originality and function. Guests at The Blue Star Jets Field were able to relax on Diamond Teak's comfortable and stylishly functional pieces, made with wood grown from Forest Stewardship Council (FSC)/Smartwood certified plantations in democratic Costa Rica.

Tags: Bridgehampton, Diamond Teak, DiamondTeak, furniture, Hamptons, Heather Mills, HeatherMills, Mercedes-Benz, Paul McCartney, PaulMccartney, polo, Real Housewives of New York City, RealHousewivesOfNewYorkCity, Tim George, TimGeorge

Vanity Pricing Consolation Prize for Luxury Real Estate

by Tom Johansmeyer (RSS feed) —

Filed under: Real Estate Developments

You have 320 choices if you're looking for a home that costs more than $20 million – though if you're smart, you shouldn't have to pay nearly that much. Why? As you'd expect, real estate agents are having trouble moving these houses, so they are staying on the market for a while, and age doesn't do much for a property's value.

The top listing right now belongs to Aaron Spelling's widow – at least until she can sell it. This is a difficult proposition, however, with a price tag of $150 million. Four years ago, the highest price on the market was half what Spelling is asking. This year, $75 million isn't good enough to make the top 10.

Since the number of listings is up, you'd expect sales to be down ... and that's how it's working out. In the Hamptons, year-over-year sales were off 43 percent in the second quarter, with the median price down 17 percent. Homeowners who can't sell are trying to rent instead, with mixed results. Joseph Farrell, who has a home in Bridgehampton, would like to sell it for $59.5 million. Until that happens, he has to be content to rent it, which he's doing now at $425,000 for two weeks.

So, if homes aren't moving, why continue to price them above $20 million? The answer is as old as consciousness: vanity. An absurd price is guaranteed to get some attention (as I've just demonstrated).

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Tags: aaron spelling, AaronSpelling, beachfront, bridgehampton, estate, estates, hamptons, housing, housing bubble, housing market, housing sector, HousingBubble, HousingMarket, HousingSector, real estate, RealEstate, villa

Swimsuit Model Makes the Scene at Hamptons Rallye

by Jared Paul Stern (RSS feed) —

Filed under: Luxury Cars & Autos, Events, Charity

On July 26 Mercedes-Benz hosted the 2nd Annual Hamptons Pursuit "Road Rallye", a 60-mile scavenger hunt from Bridgehampton to Montauk. Car enthusiasts including local East End VIPs drove vintage, classic, or just plain cool cool cars including several amazing Mercedes looking for clues and answering trivia questions at checkpoints, all while raising money for The Retreat, a non-profit program that supports victims of domestic violence throughout Long Island. Stunning Sports Illustrated Swimsuit Issue model Julie Henderson (above) and Top Chef's Sam Talbot attended a barbecue following the auto-scavenger hunt at Kalbacher's Auto in East Hampton where road stories were shared with good food and drink during an auction of classic cars.

Tags: Bridgehampton, classic cars, ClassicCars, Hamptons, Julie Henderson, JulieHenderson, Long Island, LongIsland, Mercedes-Benz, model, Montauk, Sports Illustrated Swimsuit Issue, SportsIllustratedSwimsuitIssue, Top Chef, TopChef

Buyers Bounce to Beach, ArtHamptons Flops

by Tom Johansmeyer (RSS feed) —

Filed under: Events, Art

The artists are blaming the weather. Despite the fact that we're in a pretty nasty art slump, the optimistic believe that three days of sunshine lured potential art buyers to the beach instead of the ArtHamptons fair in Bridgehampton, Long Island this weekend. Purchases were made, but in general, they were disappointing. Realistically, the sales made sense, given what we've seen at auction over the past year.

Several celebrities did attend the art fair, but they brought little excitement, it seems, beyond their appearances. Jon Bon Jovi, personalities from The Real Housewives of New York City, Kelsey Grammer and Russell Simmons were all spotted, but Bloomberg didn't report any purchases.

The biggest name at the ArtHamptons fair, of course, was Michael Jackson – a creation by Andy Warhol. Originally, Vered Gallery had hoped to sell it via silent auction, but the gallery yanked the portrait late last week ... claiming that collectors were looking at the piece but "needed more time to assess the value."

Or, maybe they were just at the beach, like everyone else, apparently.

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Tags: andy warhol, AndyWarhol, art, art fair, art galleries, art gallery, art market, ArtFair, ArtGalleries, ArtGallery, ArtMarket, artwork, bon jovi, BonJovi, bridgehampton, hamptons, jon bon jovi, JonBonJovi, kelsey grammer, KelseyGrammer, long island, LongIsland, michael jackson, MichaelJackson, new york, NewYork, real housewives of new york, real housewives of new york city, RealHousewivesOfNewYork, RealHousewivesOfNewYorkCity, russell simmons, RussellSimmons, the real housewives of new york city, TheRealHousewivesOfNewYorkCity, warhol

Ferraris on Sale at Hamptons Auto Classic

by Jared Paul Stern (RSS feed) —

Filed under: Luxury Cars & Autos, Auctions

As we reported last month, a rare 1957 Ferrari recently sold for $12 million, setting a new world record. That doesn't mean that all classic Ferraris are outrageously expensive, though it is a good indication that the cars are bound to significantly increase in value once the recession is in remission. At the Hamptons Auto Classic on June 13 in Bridgehampton, NY, some of the fat cats who've had to sell their fancy mansions there are apparently unloading their classic car collections as well. The star lot is this 1962 Ferrari 250 GT Pininfarina Cabriolet Series II, estimated at only $525,000 - $575,000; 250 GT spyders regularly fetch seven figures. One of only 200 built, the car has had a full restoration to a very high show standard including paint, leather and engine.

Tags: Bridgehampton, Ferrari, Hamptons, Pininfarina

Sandcastle List Price Redefines Hamptons Real Estate Hubris

by Deidre Woollard (RSS feed) —

Filed under: Estates

Sales and rentals in the Hamptons this year have been more than a bit sluggish but that's not stopping builder Joe Farrell of Farrell Building Company from seeking a big Hamptons payday. We first heard about Sandcastle, a luxury 11.5-acre estate in Bridgehampton went it went on the market for $50 million. At the time Farrell was quoted as saying he built the home for his family but was then encouraged by brokers to try and sell it. Later the NY Post reported that the Jonas Brothers were checking it out as a summer rental (it's listed for $500,000 for any two-week period in July or August). But perhaps believing that he should strike while the iron is hot, Farrell has raised the price to $59.5 million, which is of course what you do when your house has been on the market less than a month. Is it just crazy enough to work, has Farrell stepped into a 2005-6 time machine or is he actually hoping the home doesn't sell? It's a mystery.

The 14-bedroom home is built for play with a two-lane bowling alley, a heated gunite pool with an underwater stereo, a sunken tennis court, a disco and bar, virtual golf, a movie theater with a planetarium on the ceiling, a squash and racquetball court, a half-pipe for skateboarding, a rock-climbing wall, a DJ booth and recording studio and a Jacuzzi. The home has over 31,000 square feet of space and has an elevator, walnut library, 10-seat theater and a 2800 sq. ft. master suite. As a rental, the property will come with a luxury car, a Ferrari or a Bentley, depending on what the client wants, and chef, butler, full staff and maid service.

[via Newsday's Real LI]

Gallery: Sandcastle

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Tags: bridgehampton, estates, sandcastle

Christie Brinkley's Tower Hill, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Supermodel Christie Brinkely has had this home, Tower Hill in the Hamptons on the market off and on since 2002 (although I first became aware of it in 2005). Now with a messy divorce behind her, she's trying her hand at selling it again. The impressive property in Bridgehampton was originally built in 1898 by Dr. John Gardiner and named Dulce Domum. The home is on a 20-acre parcel 200 ft. above sea level. The key piece of the estate is the 50 ft. observation tower which offers sweeping views of the ocean. The 12-bedroom compound includes a main house with multi-level stone terraces, a guest house with a greenhouse conservatory overlooking a botanical nursery, a gunite pool, a barn artist studio with gym and living quarters with a 4-car heated garage. The property includes lawns, walking paths, gardens, tennis courts, basketball court and playground. This estate is now listed at $30 million. It's lovely but perhaps a bit pricey for a home that isn't closer to the beach.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

Gallery: Tower Hill

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Tags: bridgehampton, celebrity real estate, CelebrityRealEstate, christie brinkley, hamptons, new york, tower hill, TowerHill

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Mercedes-Benz Kicks Off Bridgehampton Polo Season

by Jared Paul Stern (RSS feed) —

Filed under: Events, Sports

The annual Mercedes-Benz Polo Challenge will kick off at the JetOne Jets Field at the Bridgehampton Polo Club on Saturday, July 19 this year. This season's partners include Coca-Cola, Fiji Water, T-Mobile, Pernod Ricard, Ralph Lauren, Hpnotiq and Zino Platinum Cigars, and the MVP Player Award will be presented by Westin Rinehart. The matches, which will run for six consecutive Saturdays through August 23 this year, are the social mainstay of the Hamptons season and feature some of the world's best polo players competing for one of the sport's most treasured prizes. Anyone can watch from the stands, but the invitation-only V.I.P. tent is the real scene. Celebs in attendance in years previous have included Anne Hathaway, Elizabeth Hurley, Heather Graham, Howard Stern, Jared Leto, Jay Z, Jessica Alba, Mischa Barton, Natalie Portman and Prince Albert of Monaco, to name a few. All proceeds will go to a good cause, the South Fork Breast Health Coalition.

Gallery: Mercedes-Benz Bridgehampton Polo

Tags: Bridgehampton, Bridgehampton Polo, BridgehamptonPolo, Hamptons, Heather Graham, HeatherGraham, Jessica Alba, JessicaAlba, JetOne, Mercedes, Mercedes-Benz, Natalie Portman, NataliePortman, Pernod Ricard, PernodRicard, Polo, Ralph Lauren, RalphLauren

Three Ponds, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Three Ponds in Bridgehampton, New York has crossed my radar before (it's hard to miss a home with a price tag like this) but I've never featured it as an estate of the day. The estate offers 60 acres of farmland in this prime part of New York. The grounds includes a golf course, English cottage garden, a crabapple allee, a lily walk, vegetable gardens as well as hydrangea, butterfly and rose gardens, swimming pool with a pavillion, grass tennis court and of course, three ponds. Other features include two three-car garages, a two-story pro shop, 2nd flor glof club with a bar, separate staff quarters, a three-bedroom guest house, an orangeries, barn and other outbuildings. The 20,000 square-foot main house has seven bedrooms and 12 baths.

This home has been on the market since 2003 when it was listed at $75 million. It's been on the market for $68 million for a while. Why no sale? In 2006 Steven Gaines writing for NY Magazine speculated that the homes distance from the ocean and location near a busy area count against it. At the time the article said that "whoever does write the check will probably pay half the asking price." It's been two years since then and while the price has come down it's nowhere near half. I have to wonder if this property's massive amount of land works against it. A full 18 hole golf course and all those gardens require a huge amount of maintenance especially for a home that may not be a full-time residence.

Gallery: Three Ponds

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Tags: bridgehampton, estate of the day, EstateOfTheDay, luxury real estate, new york, three ponds, ThreePonds

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Bridgehampton Idea House, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

I love a good idea house where a bunch of high end designers work on one upscale home, now you can get one in the Hamptons at a discount .Braden Keil at the New York Post broke the story that the 2005 Hamptons Cottages & Gardens Idea House is on the market and was just reduced by $3 million. Hamptons C&G publisher Richard Ekstract and his wife, Eileen are selling the eight-bedroom, 7,500-square-foot Bridgehampton mansion which is on 3.7 acres. The home includes a master suite with a private media room, a sitting room and a dressing room. The lower level includes staff quarters. The ground are also home to a 40-foot-by-40-foot pool. There's a little bit of design house schizophrenia going on here where the rooms don't really share an overarching theme but it's contemporary and impressive in the way that a Hamptons house should be. It reminds me of a bit of the house that Gordon Gekko had in Wall Street. In the Post, Ekstract is quoted as joking that now, at $15 million instead of the original $18 million, the price is too cheap. It is listed by both Corcoran and Prudential Douglas Elliman.

UPDATE: This home is now listed at $8.45 million.

Gallery: Bridgehampton Idea House