Press

Press

Current

Roy Lichtenstein’s Hamptons estate hits the market for $20M
9/13/2024 – The Real Deal
Featuring Tim Davis

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Roy Lichtenstein’s Southampton Home Lists for $19.99M
9/13/2024 – Behind The Hedges
Featuring Tim Davis

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Roy Lichtenstein’s longtime Hamptons home lists for the first time in decades
9/6/2024 – New York Post
Featuring Tim Davis

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Hamptons brokers rev up after fallow period: rankings
9/3/2024 – The Real Deal
Featuring Tim Davis

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Here’s who bought La Dune in Southampton, which once asked $150M, at auction for $88.48M in cash
8/7/2024 – New York Post
Featuring Tim Davis

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Jaw-Dropping Properties in the Hamptons
8/5/2024 – Avenue
Featuring Corcoran’s President and CEO, Pamela Liebman and Catherine Juracich’s listing at 442 Further Lane and Tim Davis’ listing at 1 Boatsman Lane

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Crème de la Crème of Luxury Real Estate: The Top 10 Priciest Properties in the Hamptons
7/23/2024 – Behind The Hedges
Featuring Tim Davis’ listing at 346 Meadow Lane, Southampton, Tim Davis and Thomas Davis’ listing at 635 Daniels Lane, Sagaponack, Tim Davis and Thomas Davis’ listing at 1320 Meadow Lane, Southampton, Tim Davis and Thomas Davis’ listing at 623 Halsey Neck Lane, Southampton

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Real Estate Confab: Navigating Summer’s High-End Market
7/1/2024 – James Lane
Featuring Tim Davis, Susan Breitenbach, Sheri Winter Parker, and Greg Schmidt

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Iconic $85 Million Sagaponack Estate Reimagined & Expanded by Architect Peter Marino
6/24/2024 – Pricey Pads
Featuring Tim Davis and Thomas Davis’ listing at 635 Daniels Lane, Sagaponack

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Superb Beach House with 200′ of White Sand Frontage on the Atlantic Ocean!
6/24/2024 – Pricey Pads
Featuring Tim Davis and Thomas Davis’ listing at 1550 Meadow Lane, Southampton

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Architect Jaquelin T. Robertson-Designed Southampton Estate Includes 450′ on Taylor Creek
6/24/2024 – Pricey Pads
Featuring Tim Davis and Thomas Davis’ listing at 623 Halsey Neck Lane, Southampton

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Architect Jaquelin T. Robertson-Designed Southampton Estate Includes 450′ on Taylor Creek
6/24/2024 – Pricey Pads
Featuring Tim Davis and Thomas Davis’ listing at 623 Halsey Neck Lane, Southampton

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Classic $37.5 Million Hamptons Shingle Style Retreat on Mecox Bay
6/24/2024 – Pricey Pads
Featuring Tim Davis and Thomas Davis’ listing at 111 Cobb Isle Road, Water Mill

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The 30 New York Real Estate Agents on Hollywood’s Hot List
6/23/2024 – Hollywood Reporter
Featuring Carrie Chiang, Tim Davis, Cathy Franklin, Steve Gold, Deborah Grubman, Catherine Juracich, and Deborah Kern

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‘La Dune’ Officially Closes at Just over $89 Million
6/14/2024 – Behind The Hedges
Featuring Tim Davis

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Southampton Village Estate Where Joe Biden Stayed on Vacation Sells for $27.5 Million
5/31/2024 – 27 East
Featuring Tim Davis’ listing at 484 First Neck Lane, Southampton

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Hamptons Compound on 21 Acres for $99.5M Is the Week’s Most Expensive Home
4/3/2024 – Realtor.com
Featuring Tim Davis’ listing at 111 Cobb Isle Road, Water Mill

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Waterfront Southampton estate lists for first time at $52M
3/15/2024 – The Real Deal
Featuring Tim Davis’ listing at 623 Halsey Neck Lane, Southampton

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Hamptons Home Built by the ‘Greatest Record Man’ Lists for $52 Million
3/13/2024 – Mansion Global
Featuring Tim Davis’ listing at 623 Halsey Neck Lane, Southampton

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Hamptons Home Built by the ‘Greatest Record Man’ Lists for $52 Million
3/13/2024 – Wall Street Journal
Featuring Tim Davis’ listing at 623 Halsey Neck Lane, Southampton

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Southampton estate La Dune up for auction in January
1/31/2024 – Newsday
Featuring Tim Davis

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Nine-Figure Home Sales Are Skyrocketing. ‘Soon $100 Million Will Be $200 Million.’
1/31/2024 – Wall Street Journal
Featuring Corcoran’s President and CEO, Pamela Liebman and Tim Davis

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La Dune Sells at Auction for $88.48 Million
1/29/2024 – 27 East
Featuring Tim Davis

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La Dune Compound, Once Priced at $150 Million, to Sell for $79 Million
1/25/2024 – Mansion Global
Featuring Tim Davis

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This grand Hamptons estate once asked $150M — and just sold at auction for $79M
1/24/2024 – New York Post
Featuring Tim Davis

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La Dune Compound, Once Priced at $150 Million, to Sell for $79 Million
1/24/2024 – Wall Street Journal
Featuring Tim Davis

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The 10 Most Expensive Hamptons Home Sales of 2023
1/9/2024 – Behind The Hedges
Featuring Eileen O’Neill, Catherine Juracich, and Tim Davis

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Most expensive Hamptons home sales of 2023 led by $112.5 million Southampton estate
1/5/2024 – Newsday
Featuring Eileen O’Neill, Catherine Juracich, and Tim Davis

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Storied $150M Hamptons ‘La Dune’ estate heads to auction next week
1/3/2024 – 6sqft.com
Featuring Tim Davis

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The Most-Read Hamptons Real Estate Stories of 2023
1/1/2024 – Behind The Hedges
Featuring Tim Davis

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Real Estate Roundtable: New Year Market Predictions
12/25/2023 – Behind The Hedges
Featuring Tim Davis

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La Dune, After Failing To Sell With $150 Million Price Tag, Heads to Auction
12/18/2023 – 27 East
Featuring Tim Davis

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Southampton ‘La Dune’ Compound Headed to Auction in January
12/18/2023 – Behind The Hedges
Featuring Tim Davis

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Southampton’s La Dune estate heads to auction
12/15/2023 – The Real Deal
Featuring Tim Davis

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This oceanfront Hamptons estate once asked $150M — and now it’s heading to auction
12/14/2023 – New York Post
Featuring Tim Davis

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The top 10 Hamptons residential sales of 2023
12/13/2023 – The Real Deal
Featuring Tim Davis and Thomas Davis’ listing at 1 Boatmans Lane, Southampton and Eileen O’Neill’s listing at 121 Further Lane, East Hampton

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An Epic Hamptons Estate Returns to Market With an Undisclosed Asking Price
11/28/2023 – The Robb Report
Featuring Tim Davis’ listing at 366 & 376 Gin Lane, Southampton

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Hamptons-style ‘Lake House’ Available on Shinnecock Bay
11/10/2023
Featuring Tim Davis and Thomas Davis’ listing at 8 Peconic Road, Southampton

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Ranking the Hamptons’resi honchos
8/2/2023 – The Real Deal
Featuring Tim Davis

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New York’s Top Real Estate Agents: The 2023 List
6/27/2023 – The Hollywood Reporter
Featuring Carrie Chiang, Tim Davis, Cathy Franklin, Steve Gold, Deborah Grubman, Deanna Kory, and Betsy Messerschmitt

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“And the Real Estate Agent With the Most Stratospheric Sale Is…”: The 2023 New York Power Broker Awards
6/27/2023 – The Hollywood Reporter
Featuring Deborah Grubman, Cathy Franklin, Tim Davis, Betsy Messerschmitt, Marko Arsic, and Jason Lau

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Real Estate Roundtable: Hamptons History By Homes
6/16/2023 – Behind The Hedges
Featuring Tim Davis

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Final Figure: Bernie Madoff’s Montauk Home Sold and Closed
5/12/2023 – Behind The Hedges
Featuring Tim Davis’ listing at 216 Old Montauk Highway, Montauk

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Chapter Closed: Late Editor Jason Epstein’s Sag Harbor Home Sold
3/30/2023 – Behind The Hedges
Featuring Tim Davis

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Real Estate Confab: What Is Your Sage Advice To First Time Home Buyers
3/8/2023 – James Lane
Featuring Tim Davis and Sheri Winter Parker

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Private-Equity Investor Pays $28.125 Million for Hamptons Home
2/24/2023 – The Wall Street Journal
Featuring Tim Davis and Thomas Davis’ listing at 1 Boatmans Lane, Southampton

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Top Real Estate Agents for Kim Kardashian, Jennifer Lopez and More Dish on Lavish Properties
2/22/2023 – Variety
Featuring Cathy Franklin, Carrie Chiang, Deborah Grubman, Steve Gold, and Tim Davis

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Waterfront Southampton teardown sells for $28M
2/17/2023 – The Real Deal
Featuring Tim Davis’ listing at 1 Boatmans Lane, Southampton

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Love for Southampton Home Yields $28 Million Sale on Valentine’s Day
2/16/2023 – Behind the Hedges
Featuring Tim Davis’ listing at 1 Boatmana Lane, Southampton

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Steve Roth finally flips Madoff’s former Montauk home
1/24/2023 – The Real Deal
Featuring Tim Davis’ listing at 216 Old Montauk Highway, Montauk

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Someone finally bought Bernie Madoff’s Hamptons home years after forced sale
1/24/2023 – New York Post
Featuring Tim Davis’ listing at 216 Old Montauk Highway, Montauk

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Bernie Madoff’s Former Montauk Home Finds a Buyer
1/24/2023 – Behind The Hedges
Featuring Tim Davis’ listing at 216 Old Montauk Highway, Montauk

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Top 10 most expensive Long Island home sales of 2022
1/6/2023 – Newsday
Featuring Tim Davis

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The 10 Most Expensive Hamptons Home Sales of 2022
1/3/2023 – Behind The Hedges
Featuring Tim Davis’ sale of 160 Ox Pasture Road, Southampton

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Here are the 30 most expensive home sales of 2022
12/30.2022 – Inman News
Featuring Eloy Carmenate and Mick Duchon, Dana Koch and Paulette Koch, Carrie Chiang, and Tim Davis

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Southampton estate sells for $70M after a decade on and off the market
11/18/2022 – New York Post
Featuring Tim Davis’ listing at 160 Ox Pasture Road, Southampton

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Linden Estate Sets Record for Non-Waterfront Sale in the Hamptons
11/17/2022 – Behind The Hedges
Featuring Tim Davis’ listing at 160 Ox Pasture Road, Southampton

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Southampton’s Linden Estate trades for $70M in long-awaited sale
11/16/2022 – The Real Deal
Featuring Tim Davis’ listing at 160 Ox Pasture Road, Southampton

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After More Than a Decade On and Off the Market, Southampton’s Linden Estate Fetches $70 Million
11/16/2022 – The Wall Street Journal
Featuring Tim Davis’ listing at 160 Ox Pasture Road, Southampton

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This Art-Filled Contemporary House in Sagaponack Showcases Design Classics
9/23/2022 – Dirt
Featuring Tim Davis and Thomas Davis’ listing at 74 Old Barn Lane, Sagaponack

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Love All: 11 Outstanding American Estates With Their Own Tennis Courts
8/22/2022 – The Robb Report
Featuring Tim Davis’ listing at 110 Halsey Lane, Bridgehampton

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Southampton’s Linden Estate, Listed Under $70M, in Contract
8/3/2022 – Behind The Hedges
Featuring Tim Davis’ listing at 160 Ox Pasture Road, Southampton

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Bridgehampton Estate on 5 Landscaped Acres Asking $11.75M
8/2/2022 – Behind The Hedges
Featuring Tim Davis’ listing at 110 Halsey Lane, Bridgehampton

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Palm Beach, Malibu clinch biggest luxury beach sales of 2022 (so far)
7/5/2022 – Inman News
Featuring Eloy Carmenate and Mick Duchon, Paulette and Dana Koch, and Tim Davis’ listing at 840 Meadow Lane

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Julia Koch buys historic Hamptons home listed for $75 million
6/22/2022 – Page Six
Featuring Tim Davis’ listing at 840 Meadow Lane, Southampton

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Traditional In Fordune Goes For $13.49 Million
6/19/2022 – 27 East
Featuring Tim Davis and Emily Demone’s listing at 122 Jule Pond Drive, Water Mill

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Hamptons Homes Sold Just in Time for Summer
6/2/2022 – Behind The Hedges
Tim Davis and Emily Demone’s listing at 122 Jule Pond Drive, Water Mill

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What’s the Most Expensive Hamptons Real Estate Right Now?
5/24/2022 – Behind The Hedges
Featuring Tim Davis and Thomas Davis’ listing at 1320 Meadow Lane, Southampton and Tim Davis’ listing at The Linden Estate, Southampton

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Hamptons luxury real estate trends: Summer 2022
5/24/2022 – New York Post
Tim Davis’ listings at 1 Boatmans Lane, Southampton and 160 Ox Pasture Road, Southampton

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No one wants to buy fraudster Bernie Madoff’s Hamptons estate
4/27/2022 – New York Post
Featuring Tim Davis’ listing at 216 Old Montauk Highway, Montauk

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Bernie Madoff’s Former Hamptons Home Is Back On The Market For $22.5 Million
4/26/2022 – Forbes
Featuring Tim Davis’ listing at 216 Old Montauk Highway, Montauk

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Bernie Madoff’s Former Montauk Home Once Again on the Market
4/25/2022 – Behind The Hedges
Featuring Tim Davis’ listing at 216 Old Montauk Highway, Montauk

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Bernie Madoff’s Beachfront Former Montauk Home Relists for $22.5M
4/24/2022 – Hamptons Cottages & Gardens
Featuring Tim Davis’ listing at 216 Old Montauk Highway, Montauk

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Bernie Madoff’s Former Montauk Beach House Re-Lists for $22.5 Million
4/21/2022 – Mansion Global
Featuring Tim Davis’ listing at 216 Old Montauk Highway, Montauk

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$75 Million Hamptons Estate With More Than 500 Feet on the Ocean Hits the Market
3/4/2022 – Mansion Global
Featuring Tim Davis and Thomas Davis’ listing at 1320 Meadow Lane, Southampton

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Showbiz Real Estate Elite 2022
2/24/2022 – Variety
Featuring Steve Gold, Tim Davis, Susan Breitenbach, Julian Johnston, and Eloy Carmenate and Mick Duchon

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$12.5 Million Southampton Estate Offers Lake Agawam Views and Endless Potential
2/15/2022 – Behind The Hedges
Featuring Tim Davis and Thomas Davis’ listing at 468 First Neck Lane, Southampton

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Real Estate Odds & Ends: Mala Sander’s New Website, Tim Davis Named Parrish Board Co-President
2/2/2022 – Behind The Hedges
Featuring Tim Davis

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The 10 most expensive homes sold on Long Island in 2021
1/5/2022 – Newsday
Featuring Tim Davis’ listing at 840 Meadow Lane, Southampton

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The 21 Most Expensive Hamptons Home Sales of 2021
12/31/2021 – Behind The Hedges
Featuring Tim Davis’ listings at 840 Meadow Lane, Southampton, 1750 Meadow Lane, Southampton, and 258 Horsemill Lane, Water Mill

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These 10 deals led the Hamptons market boom in 2021
12/29/2021 – The Real Deal
Featuring Tim Davis’ listing at 840 Meadow Lane, Southampton

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Top 5 East End Real Estate Stories of the Week: A Grandfather’s Gift and the Spotlight Is on Orient
11/27/2021 – Behind The Hedges
Featuring Tim Davis’ listing at 840 Meadow Lane, Southampton

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Massive Oceanfront Estate on Southampton Village’s Meadow Lane Sells for $70 Million
11/19/2021 – Behind The Hedges
Featuring Tim Davis’ listing at 840 Meadow Lane, Southampton

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Hamptons Beachfront Home Sells for $70 Million
11/18/2021 – Mansion Global
Featuring Tim Davis’ listing at 840 Meadow Lane, Southampton

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Southampton home on Meadow Lane fetches $70M
11/18/2021 – The Real Deal
Featuring Tim Davis’ listing at 840 Meadow Lane, Southampton

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Hamptons Beachfront Home Sells for $70 Million
11/17/2021 – The Wall Street Journal
Featuring Tim Davis’ listing at 840 Meadow Lane, Southampton

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Shinnecock Hills Home Boasts Bay View, Waterside Pool and Guest House
11/9/2021 – Behind The Hedges
Featuring Tim Davis and Thomas Davis’ listing at 39 Lenape Road, Southampton

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Traditional Hamptons Elegance Bordering Southampton Village’s Estate Section
10/27/2021 – Behind The Hedges
Featuring Tim Davis and Thomas Davis’ listing at 62 Culver Street, Southampton

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Inside the billionaire battle for real estate supremacy on Meadow Lane
10/6/2021 – New York Post
Featuring Tim Davis and his listing at 840 Meadow Lane, Southampton

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Just Turn the Key, You’re Home for $14.9 Million
8/18/2021 – Behind The Hedges
Featuring Tim Davis’ listing at 116 Swans Neck Lake, Water Mill

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Water Mill’s Listowel Estate Sells For $29 Million
7/8/2021 – The Southampton Press
Featuring Tim Davis’ listing at 258 Horsemill Lane, Water Mill

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Chris Burch Scoops Up $29 Million Estate on Mecox Bay
6/30/2021 – Behind The Hedges
Featuring Tim Davis’ listing at 258 Horsemill Lane, Water Mill

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Chris Burch drops $29 million on Hamptons ‘vacation home’
6/29/2021 – New York Post
Featuring Tim Davis’ listing at 258 Horsemill Lane, Water Mill

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Chris Burch returns to Hamptons with $29M Water Mill estate
6/29/2021 – The Real Deal
Featuring Tim Davis’ listing at 258 Horsemill Lane, Water Mill

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This Sprawling $75 Million Hamptons Mansion Comes With 500 Feet of Private Beach
6/28/2021 – The Robb Report
Featuring Tim Davis’ listing at 840 Meadow Lane, Southampton

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For $ 75 million, a beachfront mansion in Southampton’s renowned Meadow Lane
6/28/2021 – Eminetra
According to Tim Davis, a list agent for the Corcoran Group, the beach has a frontage of about 500 feet and is one of the largest and most important ..

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Sprawling Southampton estate in need of TLC still lists for $75M
6/28/2021 – The Real Deal
Featuring Tim Davis’ listing at 840 Meadow Lane, Southampton

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For $75 Million, a Beachfront Mansion on Southampton’s Storied Meadow Lane
6/23/2021- The Wall Street Journal
Featuring Tim Davis’ listing at 840 Meadow Lane, Southampton

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The 10 priciest Hamptons sales this year
5/14/2021 – The Real Deal
Featuring Tim Davis’ listing at 1384 Meadow Lane, Southampton and Gary DePersia’s listing at 21 Fordune Drive, Southampton

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Southampton home in exclusive enclave sells for $34.5M
5/11/2021 – The Real Deal
Featuring Gary DePersia and Tim Davis’ listing at 9 Olde Towne Lane, Southampton

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Serious buyers only: The 10 priciest new Hamptons listings
5/7/2021 – The Real Deal
Featuring Tim Davis and Thomas Davis’ listing at 359 Meadow Lane, Southampton

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After $145M deal, $8.1B in sales, the Hamptons have never been hotter
4/8/2021 – New York Post
Featuring Corcoran’s President and CEO Pamela Liebman and Tim Davis and Thomas Davis’ listing at 160 Ox Pasture Road, Southampton

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Southampton Village Estate Sells For $32 Million
3/19/2021 – The Southampton Press
Featuring the sale of Tim Davis’ listing at 137 Coopers Neck Lane, Southampton and 10 Halsey Farm Drive, Southampton

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Hamptons Sellers Should Ride the Buyer Wave Before it Breaks
2/19/2021 – Mansion Global
Featuring Tim Davis

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Former Carnegie Family Home in Southampton Village Sold for $18 Million
2/11/2021 – Behind The Hedges
Featuring Tim Davis’ listing at 92 Coopers Neck Lane, Southampton

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Contemporary Home Fronting Noyac Bay Sells For $8.8 Million
1/26/2021 – 27 East
Featuring the sale of Thomas and Tim Davis’ listing at 43 Noyac Bay Avenue, Sag Harbor

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New Southampton Village Mansion in Estate Section Sells for $33.7 Million
1/5/2021 – Behind The Hedges
Featuring Tim Davis’ sales at 1384 Meadow Lane, Southampton, and 281 Gin Lane, Southampton

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2020

Estate In Murray Compound Sells For $10.55 Million
12/21/2020 – The Southampton Press
Featuring Tim Davis’ sale at 20 Pheasant Lane, Southampton

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A Shingled House With A 13,000-Square-Foot Deck on Quantuck Bay
12/16/2020 – Curbed
Featuring Tim Davis’ listing at 2 & 4 Seascape Lane, Quogue

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Southampton’s 10-Acre Linden Estate Hits the Market for $75 Million
12/16/2020 – Behind The Hedges
Featuring Tim Davis and Thomas Davis’ listing at 160 Ox Pasture Road, Southampton

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Big News! Historic Linden Estate Hits The Hamptons Market At $75 Million
12/14/2020 – KDHamptons.com
Featuring Tim Davis’ listing at 160 Ox Pasture Road, Southampton

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$75 Million, 10-Acre Estate Hits the Market in Southampton, New York
12/11/2020 – Mansion Global
Featuring Tim Davis and Thomas Davis’ listing at 160 Ox Pasture Road, Southampton

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First Neck Lane Estate Sells For $11.5 Million
11/30/2020 – The Southampton Press
Featuring Tim Davis’ sale at 252 First Neck Lane, Southampton

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Wickapogue Road Estate Sells For $8 Million
11/23/2020 – The Southampton Press
Featuring Tim Davis’ sale at 437 Wickapogue Road, Southampton

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What’s in Contract: New-Build in Water Mill Was Asking $6.45 Million
11/21/2020 – Behind The Hedges
Featuring Tim Davis and Thomas Davis’ listing at 37 Davids Lane, East Hampton

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Bridgehampton Whisper Listing Sells For $16 Million, Plus Other Big Ticket Transactions
10/20/2020 -Behind The Hedges
Featuring Tim Davis’ listing at 281 Gin Lane, Southampton, sales at 252 First Neck Lane, Southampton and 437 Wickapogue Rd, Southampton

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An Oceanfront Home in One of the Hamptons’ Most Exclusive Enclaves Asks $52.5 Million
10/13/2020 – Mansion Global
Featuring Tim Davis’ listing at 346 Meadow Lane, Southampton

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An Oceanfront Home in One of the Hamptons’ Most Exclusive Enclaves Asks $52.5 Million
10/12/2020 – The Wall Street Journal
Featuring Tim Davis’ listing at 346 Meadow Lane, Southampton

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Real Estate Roundtable: Above and Beyond
9/16/2020 – Behind The Hedges
Featuring Tim Davis

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Southampton Inspiration
7/27/2020 – Le Grand Magazine
Featuring Tim Davis’ listing at 60 Herrick Road, Southampton

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East End Agencies’ Top Sales of 2020… So Far
7/3/2020 – Behind The Hedges
Featuring Tim Davis’ sale at 1050 Meadow Lane, Southampton

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Fab Five: Southhampton Homes Over $10 Million
6/5/2020 – Behind The Hedges
Featuring Tim Davis’ listing at 1750 Meadow Lane, Southampton

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Buyer pays $10.23M for Southampton Village manse
3/20/2020 – The Real Deal
Featuring Tim Davis and Thomas Davis’ sale at 355 Ox Pasture Road, Southampton

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Tech Attorney’s Ox Pasture Road Estate Fetches $10.23M
3/13/2020 – 27 East
Featuring Tim Davis and Thomas Davis’ sale at 355 Ox Pasture Road, Southampton

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The Corcoran Group Honors Top Performers Of 2019
2/28/2020 – 27 East
Featuring Corcoran’s President and CEO Pamela Liebman, Corcoran’s COO Gary Malin, Corcoran’s Regional Senior Vice President of Manhattan and Brooklyn Michael Sorrentino, Corcoran’s Regional Senior Vice President of East End Ernest Cervi, and Tim Davis

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The Top 10 Hamptons Home Sales Of 2019
2/13/2020 – 27 East
Featuring Tim Davis’ sales at 96 Meadow Lane, Southampton; 980 Meadow Lane, Southampton; 412 First Neck Lane, Southampton; and 6 Olde Towne Lane, Southampton

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Wyandanch Lane Residence Sells For $8.95 Million
1/20/2020 – 27 East
Featuring Tim Davis’ sale at 115 Wyandanch Lane, Southampton

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The 10 priciest Hamptons home sales of 2019
1/2/2020 – The Real Deal
Featuring Tim Davis’ sale at 96 Meadow Lane, Southampton, and 6 Olde Town Lane, Southampton

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2019

Hamptons Round-Up
12/8/2019 – Hamptons Real Estate Showcase
Featuring Tim Davis’ sale at 980 Meadow Lane, Southampton

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Southampton’s Normandy House sells for a relative bargain
12/6/2019 – The Real Deal
Featuring Tim Davis’ sale at 412 First Neck Lane, Southampton

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Southampton’s Normandy House sells for $22M
12/4/2019 – Newsday
Featuring Tim Davis’ sale at 412 First Neck Lane, Southampton

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The 10 Biggest Sales In The Hamptons For 2019
11/25/2019 – The Independent
Featuring Tim Davis’ sale at 96 Meadow Lane, Southampton, and 6 Olde Town Lane, Southampton

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Why Luxury Property Is A Safe Haven For Ultra-Wealthy Family Office Investors
11/7/2019 – Campden FB
Featuring Tim Davis

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Sales In And Near Southampton Village Exceed $3 Million
9/2/2019 – 27 East
Featuring Tim Davis and Thomas Davis’ sale at 270 Toylsome Lane, Southampton

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Mel Brooks, Murray Place, and More In Contract
8/21/2019 – Behind The Hedges
Featuring Tim Davis and Thomas Davis’ listing at 300 Murray Place, Southampton

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High-end Listings in the Hamptons Residential Real Estate Market
8/19/2019 – The Real Deal
Featuring Tim Davis

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The Top 10 Hamptons Home Sales During The First Half Of 2019
8/15/2019 – 27 East
Featuring Tim Davis’ sale at 96 Meadow Lane, Southampton, and Tim Davis’ sale at 6 Olde Town Lane, Southampton

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Stunning Southampton Estate Receives a M Offer
8/12/2019 – Hamptons Cottages & Gardens
Featuring Tim Davis’ sale at 412 First Neck Lane, Southampton

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Inside the Moneyed Montauk Enclave Where Time Stands Still
8/1/2019 – The Wall Street Journal
Featuring Tim Davis

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Pricey Residences Change Hands In Southampton Village Area
7/22/2019 – 27 East
Featuring Tim Davis and Thomas Davis’ sale at 199 Coopers Neck Lane, Southampton

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Luxury homes for sale in the Hamptons this summer
7/3/2019 – Alexa – The New York Post
Featuring Tim Davis’ listings at 258 Horsemill Lane, Water Mill, and 17 Channel Pond Court, Southampton

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Seven Legendary Houses to Rent in the Hamptons
6/27/2019 – MR PORTER
Featuring Tim Davis’ rental listing at 49 East Beach Drive, Southampton

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Harry Macklowe and his feuding ex to list $21M Hamptons manse
6/4/2019 – New York Post
Featuring Tim Davis’ listing at 78 Georgica Close Road, East Hampton

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Harry Macklowe’s East Hampton home lists for $21M amid divorce
5/30/2019 – The Real Deal
Featuring Tim Davis’ listing at 78 Georgica Close Road, East Hampton

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Why are homes in the Hamptons losing value?
5/29/2019 – Financial Times
Featuring Tim Davis’ listing at 258 Horsemill Lane, Water Mill, and Tim Davis and Thomas Davis’ listing at 50 Post Crossing, Southampton

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Exclusive: Harry Macklowe and Linda Macklowe List Georgica Property
5/24/2019 – Behind The Hedges
Featuring Tim Davis’ listing at 78 Georgica Close Road, East Hampton

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Waterfront Waters
5/24/2019 – Modern Luxury Hamptons
Featuring Tim Davis’ listing at 9 Olde Towne Lane, Southampton

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Dramatic villas and chateaus are changing the Hamptons vibe
5/22/2019 – Alexa – The New York Post
Featuring Tim Davis’ listing at 2020 Meadow Lane, Southampton

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Hamptons resi brokers remain resolute, despite a slumping luxury market
5/20/2019 – The Real Deal
Corcoran named Top Ultra-Luxury Brokerage on the East End featuring Tim Davis

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Southampton house with rooftop putting green sold for $27M
5/9/2019 – The Real Deal
Featuring Tim Davis’ sale at 6 Olde Town Lane, Southampton

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Olde Town Lane Summer House Sells for 27 Million
5/6/2019 – 27 East
Featuring Tim Davis’ sale at 6 Olde Town Lane, Southampton

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Behind The Hedges
Some Fancy Schmancy Kitchens on the Market in the Hamptons
4/1/2019 – Behind The Hedges
Featuring Tim Davis’ listing at 9 Olde Towne Lane, Southampton

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Michael Bruno’s 11-Bedroom Hamptons Home is on the Market for $12.9M
3/31/2019 – Hamptons Cottages & Gardens
Featuring Tim Davis and Thomas Davis’ listing at 199 Coopers Neck Lane, Southampton

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Hamptons Cheat Sheet: Historic Southampton property with 3-hole golf course lists for $15.9M
3/27/2019 – The Real Deal
Featuring Tim Davis’ listing at 520 Montauk Highway, Southampton

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An Atterbury Estate in Shinnecock Hills Loaded with History
3/22/2019 – Behind The Hedges
Featuring Tim Davis’ listing at 520 Montauk Highway, Southampton

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Buyer Beware: Hollywood Special Effects Now Permeate Property Listings
3/5/2019 – The Wall Street Journal
Featuring Tim Davis

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Waterfront Hamptons, New York, Estate Faces Another Price Cut
2/25/2019 – Mansion Global
Featuring Tim Davis’ listing at 412 First Neck Lane, Southampton

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‘Summer House’ Finds A Buyer
2/20/2019 – 27 East
Featuring Tim Davis’ sale at 6 Olde Towne Lane, Southampton

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$35M Hamptons Estate Finds Buyer
2/20/2019 – Mansion Global
Featuring Tim Davis’ sale at 6 Olde Towne Lane, Southampton

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Hamptons Cheat Sheet: Southampton new build in contract at $35M
2/19/2019 – The Real Deal
Featuring Tim Davis’ sale at 6 Olde Towne Lane, Southampton

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The 25 most expensive properties for sale in the Hamptons
2/19/2019 – Curbed
Featuring Tim Davis’ listings at 258 Horsemill Lane, Water Mill, and 2020 Meadow Lane, Southampton

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THE INCREDIBLY GLAM 6 OLDE TOWNE LANE IS IN CONTRACT
2/18/2019 – Behind The Hedges
Featuring Tim Davis’ sale at 6 Olde Towne Lane, Southampton

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A massive Southampton village mansion last asking $35M finds a buyer
2/18/2019 – Curbed
Featuring Tim Davis’ sale at 6 Olde Towne Lane, Southampton

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Hamptons Cheat Sheet
2/13/2019 – The Real Deal
Featuring Tim Davis and Thomas Davis’ listing at 199 Coopers Neck Lane, Southampton

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1stdibs founder selling Hamptons manse for a loss
2/13/2019 – The New York Post
Featuring Tim Davis and Thomas Davis’ listing at 199 Coopers Neck Lane, Southampton

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IS THIS GORGEOUS GROSVENOR ATTERBURY NOW A GREAT DEAL?
2/4/2019 – Behind The Hedges
Featuring Tim Davis’ listing at 199 Coopers Neck Lane, Southampton

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In a House With 16 Bathrooms, There Are Lots of Choices
1/10/2019 – The Wall Street Journal
Featuring Tim Davis’ listing at 6 Olde Towne Lane, Southampton

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2018

Southampton Village home built in 1895 sells for $10.6M
12/26/2018 – The Real Deal
Featuring Tim Davis’ sale at 75 First Neck Lane, Southampton

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Southampton village house from 1895 sells for $10.6M
12/20/2018 – Curbed
Featuring Tim Davis’ sale at 75 First Neck Lane, Southampton

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Belle Mead, By Stanford White, Leads Sales West Of The Canal
12/5/2018 – 27 East
Featuring Tim Davis’ sale at 23 Shinnecock Road, Quogue

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Secret luxury homes: how the ultra-rich hide their properties
11/27/2018 – Financial Times
Featuring Tim Davis

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10 glorious fireplaces for sale in NYC
11/21/2018 – The New York Post
Featuring Tim Davis’ listing at 412 First Neck Lane, Southampton

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This 2-acre Southampton village home on First Neck Lane is yours for $15.95M
11/5/2018 – Curbed
Featuring Tim Davis’ listing at 252 First Neck Lane, Southampton

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Ford Models founders’ old Quogue estate sells for $9.5M
10/31/2018 – The New York Post
Featuring Tim Davis and Thomas Davis’ sale at 23 Shinnecock Road, Quogue

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Pick your own apples and more at these fall-ready estates
10/3/2018 – The New York Post
Featuring Tim Davis’ listing at 258 Horsemill Lane, Water Mill

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Hamptons Cheat Sheet
10/2/2018 – The Real Deal
Featuring Tim Davis’ listing in Southampton

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A 6-acre property in the Fordune section of Southampton lists for $37M
9/28/2018 – Curbed
Featuring Tim Davis’ listing in Southampton

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Skin care’s Adrien Arpel’s Southampton home lists for $38M
9/27/2018 – Newsday
Featuring Tim Davis’ listing at 2020 Meadow Lane, Southampton

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IT’S HARD TO LIST ALL THE GREAT FEATURES OF THIS SAG HARBOR HOUSE
9/27/2018 – Behind The Hedges
Featuring Tim Davis and Thomas Davis’ listing at 168 Main Street, Sag Harbor

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Priciest home sales in Westhampton Beach
9/27/2018 – Long Island Business News
Featuring Tim Davis and Thomas Davis’ sale at 7 Bayfield Lane, Westhampton Beach

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Whaleboat builder’s 19th century home in Sag Harbor village finds a buyer
9/26/2018 – Curbed
Featuring Tim Davis and Thomas Davis’ sale at 168 Main Street, Sag Harbor

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House History
9/12/2018 – Modern Luxury Hamptons
Featuring Tim Davis’ listings at 6 Squabble Lane, Southampton, 92 Coopers Neck Lane, Southampton and 660 Halsey Neck Lane, Southampton

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Maximize What’s Left of Summer By Eating Like This Beloved Local
9/10/2018 – Edible East End
Featuring Tim Davis

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A Skincare Guru’s Southampton Estate Lists for M
8/28/2018 – Hamptons Cottages & Gardens
Featuring Tim Davis’ listing at 2020 Meadow Lane, Southampton

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Beauty guru Adrien Arpel puts her Meadow Lane home on the market for $38M
8/27/2018 – Curbed
Featuring Tim Davis’ listing at 2020 Meadow Lane, Southampton

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Beauty Entrepreneur Lists Hamptons Home for $38 Million
8/24/2018 – Mansion Global
Featuring Tim Davis’ listing at 2020 Meadow Lane, Southampton

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Beauty Entrepreneur Lists Hamptons Home for $38 Million
8/24/2018 – The Wall Street Journal
Featuring Tim Davis’ listing at 2020 Meadow Lane, Southampton

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Makeup Maven Trish McEvoy Chops M Off Her Southampton Getaway
8/16/2018 – Hamptons Cottages & Gardens
Featuring Tim Davis’ listing at 6 Squabble Lane, Southampton

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BEAUTY GURU TRISH MCEVOY CUTS SOUTHAMPTON PRICE $4 MILLION
8/13/2018 – Behind The Hedges
Featuring Tim Davis’ listing at 6 Squabble Lane, Southampton

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Stanford White’s ‘Belle Mead’ Estate In Contract
8/13/2018 – 27 East
Featuring Tim Davis and Thomas Davis’ listing at 23 Shinnecock Road, Quogue

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Beauty maven, Trish McEvoy, takes $4M off the price of her Southampton estate
8/13/2018 – Curbed
Featuring Tim Davis’ listing at 6 Squabble Lane, Southampton

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An Art Collector’s Dream Home Lists for .9M in the Hamptons
8/7/2018 – Hamptons Cottages & Gardens
Featuring Tim Davis’ listing at 607 Main Street, Quiogue

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Iconic Stanford White-designed Quogue manse quickly finds a buyer
7/31/2018 – Curbed
Featuring Tim Davis and Thomas Davis’ listing at 23 Shinnecock Road, Quogue

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TOP REAL ESTATE EXPERTS ON THE EAST END’S EVOLUTION IN THE PAST FOUR DECADES
7/24/2018 – Hamptons Magazine
Featuring Tim Davis

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Dream Homes For Kids
7/15/2018 – Financial Times
Featuring Tim Davis’ listing at 9 Olde Towne Lane, Southampton

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A New Infusion For A Classic
7/11/2018 – Private Air Luxury Homes
Featuring Tim Davis’ listing at 23 Shinnecock Road, Quogue

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Home Maker
7/11/2018 – Modern Luxury Hamptons
Featuring Tim Davis’ listing at 258 Horsemill Lane, Water Mill

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$18.9M Quiogue home comes with ‘art barn’
7/7/2018 – Newsday
Featuring Tim Davis’ listing at 607 Main Street, Ouiogue

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Deeds & Don’ts
6/26/2018 – Hamptons Cottages & Gardens
Featuring Tim Davis’ listing at 607 Main Street, Quiogue

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Take A look At this Water Mill $32M Estate
6/25/2018 – OFF THE MRKT
Featuring Tim Davis’ listing at 258 Horsemill Lane, Water Mill

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Ford’s top models partied at this summer estate
6/21/2018 – New York Post
Featuring Tim Davis’ listing at 23 Shinnecock Road, Quogue

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It ain’t easy for the East End’s top residential brokers
6/11/2018 – The Real Deal
Featuring Corcoran’s Tim Davis

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When selling at a discount still means a $36 million price tag
6/11/2018 – The Real Deal
Featuring Tim Davis’ sale at 1510 Meadow Lane, Southampton

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Hot property: rural retreats
6/8/2018 – Financial Times
Featuring Tim Davis’ listing at 258 Horsemill Lane, Water Mill

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The Ultimate In Luxury Real Estate
6/1/2018 – Unique Homes
Featuring Tim Davis’ listing at 258 Horsemill Lane, Water Mill

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The Ultimate In Luxury Real Estate
6/1/2018 – Unique Homes
Featuring Tim Daivs’ listing in Southampton

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The Ultimate In Luxury Real Estate
6/1/2018 – Unique Homes
Featuring Tim Davis’ listing at 92 Coopers Neck Lane, Southampton

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Former NFL player’s Southampton home finds a buyer
6/1/2018 – Curbed
Featuring Tim Davis’ sale at 41 Herrick Road, Southampton

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The Ultimate In Luxury Real Estate
6/1/2018 – Unique Homes
Featuring Tim Davis’ listing in Southampton

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On the Market
6/1/2018 – Galerie
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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The Ultimate In Luxury Real Estate
6/1/2018 – Ultimate Homes
Featuring Tim Davis’ listing at 6 Olde Towne Lane, Southampton

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The Ultimate In Luxury Real Estate
6/1/2018 – Unique Homes
Featuring Tim Davis’ listing at 165 Deforest Road, Southampton

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Corcoran’s Tim Davis
5/22/2018 – The Independent
Featuring Tim Davis

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Rich Baby Boomers Don’t Want to Have to Leave Their Master Bedrooms
5/17/2018 – Bloomberg
Featuring Tim Davis’ listing at 9 Olde Towne Lane, Southampton

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Hamptons Cheat Sheet: U.S. Open pushes surge in South Fork rentals
5/15/2018 – The Real Deal
Featuring Tim Davis’ listing in Southampton

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Southampton estate that was once an arts center lists for $35M
5/7/2018 – Curbed
Featuring Tim Davis’ listing in Southampton

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FORMER PALEY ESTATE FOUR FOUNTAINS BACK ON THE MARKET
5/4/2018 – Behind The Hedges
Featuring Tim Davis’ listing in Southampton

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Hedge Fun in Hamptons
5/1/2018 – AVENUE
Featuring Tim Davis

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Empty lot part of historic Southampton compound goes into contract
4/30/2018 – Curbed
Featuring Tim Davis’ listings at 412 First Neck Lane and 408 First Neck Lane, Southampton

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HAMPTONS REAL ESTATE’S BEST GATHER AT THE 2018 PRIVET HEDGE AWARDS
4/26/2018 – Behind The Hedges
Featuring Tim Davis

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Quiogue estate with private art museum cuts $4.55M from asking price
4/25/2018 – Curbed
Featuring Tim Davis’ listing at 607 Main Street, Quiogue

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6 SQUABBLE LANE
4/10/2018 – Hamptons Real Estate Showcase
Featuring Tim Davis’ listing at 6 Squabble Lane, Southampton

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Trish McEvoy’s vacation house is the spa resort of our dreams
3/26/2018 – TODAY
Featuring Tim Davis’ listing at 6 Squabble Lane, Southampton

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Skin-Care Couple Asks $23.5M For Former Ford Property
3/26/2018 – 27 East
Featuring Tim Davis’ listing at 6 Squabble Lane, Southampton

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Cosmetics Mogul Trish McEvoy Wants $23.5M for Her Southampton Retreat
3/26/2018 – Hamptons Cottages & Gardens
Featuring Tim Davis’ listing at 6 Squabble Lane, Southampton

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Cosmetics entrepreneur lists Southampton mansion for $23.5M
3/20/2018 – The Real Deal
Featuring Tim Davis’ listing at 6 Squabble Lane, Southampton

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COSMETICS QUEEN TRISH MCEVOY SELLS SOUTHAMPTON ESTATE
3/20/2018 – Hamptons Real Estate Showcase
Featuring Tim Davis’ listing at 6 Squabble Lane, Southampton

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Beauty Guru Trish McEvoy Is Selling Her Southampton Home for $23.5 Million
3/20/2018 – Town and Country Magazine
Featuring Tim Davis’ listing at 6 Squabble Lane, Southampton

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Inside Beauty Star Trish McEvoy’s Hamptons Home
3/20/2018 – Yahoo News
Featuring Tim Davis’ listing at 6 Squabble Lane, Southampton

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Beauty expert, Trish McEvoy, lists her Hamptons mansion for $23.5M
3/19/2018 – Curbed
Featuring Tim Davis’ listing at 6 Squabble Lane, Southampton

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Skincare mavens Trish McEvoy and Dr. Robert Sherman list Southampton estate for $23.5M
3/16/2018 – Newsday
Featuring Tim Davis’ listing at 6 Squabble Lane, Southampton

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House of the Week: A Skin-Care Maven’s Hamptons Hideaway
3/16/2018 – Women’s Wear Daily
Featuring Tim Davis’ listing at 6 Squabble Lane, Southampton

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BEAUTY GURU TRISH MCEVOY LISTS HER SQUABBLE LANE HOUSE
3/16/2018 – Behind The Hedges
Featuring Tim Davis’ listing at 6 Squabble Lane, Southampton

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Skin-Care Execs List Hamptons Home for $23.5 Million
3/14/2018 – Mansion Global
Featuring Tim Davis’ listing at 6 Squabble Lane, Southampton

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Skin-Care Execs List Hamptons Home for $23.5 Million
3/14/2018 – The Wall Street Journal
Featuring Tim Davis’ listing at 6 Squabble Lane, Southampton

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The 25 most expensive properties for sale in the Hamptons
3/7/2018 – Curbed
Featuring Tim Davis listing at 165 Deforest Road, Montauk,

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Bayfront Water Mill estate takes $7M off asking price
3/7/2018 – Curbed
Featuring Tim Davis’ listing at 258 Horsemill Lane, Water Mill

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WATER MILL’S LOVELY LISTOWEL IS CUT A COOL $7 MILLION
3/6/2018 – Behind The Hedges
Featuring Tim Davis’ listing at 258 Horsemill Lane, Water Mill

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Wow House: $14M Compound Originally A Country Farm
3/3/2018 – Patch.com
Featuring Tim Davis’ listing at 607 Main Street, Quiogue

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2017: A DUD YEAR FOR BLOCKBUSTER DEALS
2/20/2018 – Behind The Hedges
Featuring Tim Davis’ sale at 7 Olde Towne Lane, Southampton and 1510 Meadow Lane, Southampton

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Jeffrey Deitch Remembers Jerome Stern
2/20/2018 – Sotheby’s
Featuring Tim Davis’ listing at 607 Main Street, Quiogue

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What $30M buys you on Meadow Lane in Southampton
1/31/2018 – Curbed
Featuring Tim Davis’ oceanfront listing in Southampton

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The priciest Hamptons deals of 2017
1/15/2018 – The Real Deal
Featuring Tim Davis’ sale at 7 Olde Towne Lane, Southampton and 1510 Meadow Lane, Southampton

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Mapping the 10 largest Hamptons homes for sale right now
1/11/2018 – Curbed
Featuring Tim Davis’ listings at 6 Olde Town Lane, Southampton and 9 Olde Towne Lane, Southampton

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Recapping the 10 highest home sales in the Hamptons for 2017
1/8/2018 – Curbed
Featuring Tim Davis’ sale at 7 Olde Towne Lane, Southampton and Tim Davis’ listing at 1510 Meadow Lane, Southampton

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Live inside Dick Cavett’s Famous Montauk Home
1/5/2018 – OFF THE MRKT
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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2017

A Hamptons Art Barn
12/20/2017 – Hamptons Purist
Featuring Tim Davis’ listing at 607 Main Street, Quiogue

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Newly built Bridgehampton home on Kellis Pond with over 10,000 square feet relists for $7.9M
12/1/2017 – Curbed
Featuring Tim Davis’ listing at 39 West Pond Drive, Bridgehampton

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Price slowly decreasing on Southampton estate after three years, now asking $13.25M
12/1/2017 – Curbed
Featuring Tim Davis’ listing at 64 Down East Lane, Southampton

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Big Reveal: $11.5M for an oceanfront Water Mill home with views of Mecox Bay
11/27/2017 – Curbed
Featuring Tim Davis’ listing on the oceanfront in Water Mill

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Have You Heard? Jackie Onassis home sold
10/27/2017 – Real Estate Weekly
Featuring Tim Davis

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Everything Must Go!
10/6/2017 – Avenue
Featuring Tim Davis’ listing at 607 Main Street, Quiogue

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Ex-NFL player price-chops Hamptons hideaway
10/4/2017 – The New York Post
Featuring Tim Davis’ listing at 41 Herrick Road, Southampton

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The Architects Who Built Gilded Age NYC Are Having a Real Estate Revival
9/21/2017 – Mansion Global
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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The Architects Who Built Gilded Age NYC Are Having a Real Estate Revival
9/20/2017 – The New York Post
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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Carnegie-owned original Southampton summer colony house hits market for $29.5M
9/7/2017 – Curbed
Featuring Tim Davis’ listing at 92 Coopers Neck Lane, Southampton

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Top 10 Real estate Stories of the Summer
9/3/2017 – Dan’s Papers
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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Southampton home gets 13 percent price cut after five months on the market
8/31/2017 – Curbed
Featuring Tim Davis’ listing at 41 Herrick Road, Southampton

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Inside the $62 million Hamptons home where Mick Jagger partied
8/13/2017 – The New York Post
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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Tick Hall
8/1/2017 – Hamptons Cottages & Gardens
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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Beach Meets Urban Chic in this Waterfront Estate
8/1/2017 – Inhabit
Featuring Tim Davis’ listing at 258 Horsemill Lane, Water Mill

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Tick, Offed
8/1/2017 – Avenue on the Beach
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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16-Acre Bayfront Compound in Quiogue with Paddocks and Gallery
7/31/2017 – Behind the Hedges
Featuring Tim Davis’ listing at 607 Main Street, Quiogue

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Out of the Ashes: Dick Cavett on Rebuilding His Historic Montauk Home
7/30/2017 – CBS
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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Venture capitalist’s Hamptons home with private art museum asking $23.45M
7/28/17 – Curbed
Featuring Tim Davis’ listing at 607 Main Street, Quiogue

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This .45M Hamptons Estate Comes with a Private Art Museum
7/28/2017 – New York Cottages & Gardens
Featuring Tim Davis’ listing at 607 Main Street, Quiogue

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Hamptons Estate of Venture Capitalist Asks $23.45 Million
7/27/2017 – The Wall Street Journal
Featuring Tim Davis’ listing at 607 Main Street, Quiogue

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Hamptons Estate of Venture Capitalist Asks $23.45 Million
7/27/2017 – Mansion Global
Featuring Tim Davis’ listing at 607 Main Street, Quiogue

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See Inside: Sprawling Southampton 3.84 Acre Development On Sale For $34.95 Million
7/27/2017 – NBC 4 New York
Featuring Tim Davis’ listing at 6 Olde Towne Lane, Southampton

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Southampton home with windmill shed in the backyard asking $2.3M
7/26/2017 – Curbed
Featuring Tim Davis and Thomas Davis’ listing in Southampton

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Dick Cavett’s Tick Hall Asking $62 Million in Montauk
7/21/2017 – Dan’s Papers
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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Dick Cavett’s Tick Hall Asking $62 Million in Montauk
7/21/2017 – Dan’s Papers
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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Southampton mansion with rooftop putting green lists for $34.95M
7/21/2017 – Dan’s Papers
Featuring Tim Davis’ listing at 6 Olde Towne Lane, Southampton

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Waterfront Water Mill estate cuts $3.75M from asking price
7/14/2017 – Curbed
Featuring Tim Davis’ listing in Water Mill

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Hamptons Homes Blur the Line Between Inside and Out
7/14/2017 – The New York Times
Featuring Tim Davis’ listing at 9 Olde Towne Lane, Southampton

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Hamptons Cheat Sheet: The top brokers of the East End, Hamptons’ largest listing hits the market … & more
7/14/2017 – The New York Times
Featuring Tim Davis

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This M Mansion Is the Largest Home for Sale in the Hamptons
7/11/2017 – Hamptons Cottages & Gardens
Featuring Tim Davis’ listing at 6 Olde Towne Lane, Southampton

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Going high on the East End: Ranking the priciest deals
7/5/2017 – The Real Deal Hamptons Markert Report 2017
Featuring Top Hamptons sales of the year; Tim Davis’ sale at Squabble Lane, Southampton and 7 Olde Towne Lane, Southampton

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Better Late Than Never? Top Brokers Make do with a Shorter Sales Season
7/5/2017 – The Real Deal Hamptons Markert Report 2017
Featuring Tim Davis

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Babe and Bill Paley’s Epic Southampton Estate Is on the Market
6/2/2017 – Town and Country Magazine
Featuring Tim Davis’ listing in Southampton

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Talk show legend’s Hamptons estate lists for $62 million
6/1/2017 – The New York Post
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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Dick Cavett’s Montauk estate, Tick Hall, just listed for $62M
6/1/2017 – Curbed
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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Tour the beachfront estate that entertainment icon Dick Cavett is selling for $62 million
6/1/2017 – The Business Insider
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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The Starpower Of Hearth And Home
6/1/2017 – Private Air Luxury Home
Featuring Tim Davis’ listing at 550 Parsonage Lane, Sagaponack

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Dick Cavett Lists Longtime Montauk Home for $62 Million

5/31/2017 – The Wall Street Journal
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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Live inside Dick Cavett’s Famous Montauk Home

5/31/2017 – OFF THE MRKT
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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Historic Montauk Mansion With Serious Celeb Pedigree Lists for $62M
5/31/2017 – domino.com
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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You Could Own One of Montauk’s Famed Seven Sisters for $62M
5/31/2017 – Hamptons Cottages & Gardens
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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Dick Cavett lists Montauk estate for $62M
5/31/2017 – Luxury Listings NYC
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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Dick Cavett’s Montauk Home for Sale, Asking $62 Millon
5/31/2017 – Behind The Hedges
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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Dick Cavett Lists Tick Hall For $62 Million; Another Montauk Estate Asks $48 Million
5/31/2017 – 27 East
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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Dick Cavett’s Montauk home, Tick Hall, lists for $62 million
5/31/2017 – Newsday
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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Dick Cavett’s Famed ‘Tick Hall’ In Montauk Lists For $62 Million
5/31/2017 – Patch.com
Featuring Tim Davis’ listing at 165 Deforest Road, Montauk

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2016

A Stunning Shinnecock Bayfront Home with Endless Views Sells for $5.4M
12/9/2016 – Curbed
Featuring Tim Davis and Thomas Davis’ sale at 42 Oceanview Drive, Southampton

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Top Corcoran Agents Present U.S. Real Estate Opportunities at London’s Luxury Property Show
11/16/2016 – Mann Report Residential
Featuring Tim Davis

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Have Your Heard…The Luxury Property Show in London
10/19/2016 – Brokers Weekly
Featuring Tim Davis

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Realty Check: So True / So False
10/13/2016 – Hamptons Real Estate Showcase
Featuring Tim Davis’ Normandy House estate listing at 408 First Neck Lane, Southampton

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Top Corcoran Agents to Present U.S. Real estate Opportunities at London’s Luxury Property Show
10/13/2016 – citybizlist.com
Featuring Tim Davis

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Book Lovers: Here are Five Hamptons Home Libraries to Swoon Over
9/26/2016 – Curbed
Featuring Tim Davis “Listowel” estate listing in Water Mill

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Water, Water Everywhere – Deciding Between Living on the Ocean or the Bay
9/15/2016 – Hamptons Cottages & Gardens
Featuring Robert Murray and Meredith Murray’s listing at 11A Dune Road, Quogue; Tim Davis’ listing at 1320 Flying Point Road, Water Mill; and Gary DePersia’s sale on Further Lane in Amagansett, The Hamptons.

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Is It Time To Prepare For Another Kardashian Hamptons Take Over?
9/14/2016 – Hamptons.com
Featuring Tim Davis’ active listing at 408 First Neck Lane, Southampton

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Is Rob Kardashian Leaving L.A.? Star Teases with Pic of $65 Million Hamptons Mansion
9/13/2016 – People
Featuring Tim Davis’ active listing at 408 First Neck Lane, Southampton

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Real Estate Agent Shoots Down Rob Kardashian’s Claim He is Trading in His Lifelong Home in California for a $48 Million Mansion in The Hamptons
9/13/2016 – Farrah Gray
Featuring Tim Davis’ active listing at 408 First Neck Lane, Southampton

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Real Estate Agent Shoots Down Rob Kardashian’s Claim He is Trading in His Lifelong Home in California for a $48 Million Mansion in The Hamptons
9/13/2016 – Daily Mail
Rob Kardashian has claimed he is set to move out of his California home

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Rob Kardashian Says He Purchased This $48M Hamptons Mansion
9/13/2016 – Curbed
Featuring Tim Davis’ active listing at 408 First Neck Lane, Southampton, The Hamptons

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Are Rob Kardashian and Blac Chyna Really Moving to a Mansion in New York?
9/13/2016 – Entertainment Tonight – ETOnline
Featuring Tim Davis’ active listing at 408 First Neck Lane, Southampton, The Hamptons

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Rob Kardashian’s Alleged New Hamptons Home Has an Intriguing History of Its Own
9/13/2016 – People
Featuring Tim Davis’ active listing at 408 First Neck Lane, Southampton, The Hamptons

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Rob Kardashian Announces A New Move Away From California — Is The Reality Star Really Packing Up?!
9/12/2016 – Perez Hilton
Featuring Tim Davis’ active listing at 408 First Neck Lane, Southampton, The Hamptons

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Broker Poo-Poos Rob Kardashian’s Real Estate Dreams
9/12/2016 – Luxury Listings NYC
Featuring Tim Davis’ active listing at 408 First Neck Lane, Southampton, The Hamptons

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Rob Kardashian Claims He’s Leaving California!
9/12/2016 – Radar Online
Featuring Tim Davis’ active listing at 408 First Neck Lane, Southampton, The Hamptons

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The Build of “Field of Dreams”, Completion Date October 2016
9/11/2016 – KDHamptons.com
Featuring Tim Davis and Pam Jackson’s listing at 39 West Pond in Bridgehampton, The Hamptons

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Five Homes for Sale with Formal Gardens
9/10/2016 – Financial Times
Featuring Tim Davis & Peter Huffine’s Mecox Bay Waterfront listing in Water Mill, The Hamptons.
*****
Listowel, Water Mill, Mecox Bay, New York, US, $40m
Where In the waterside hamlet of Water Mill in the Hamptons. JFK airport is 35 minutes by helicopter.
What A 12,000 sq ft, shingle-style house, built in 2008. The property has five bedrooms, a two-storey library, pool and private jetty on Mecox Bay.
Why Wave goodbye to florist bills. The seven-acre grounds, designed by US landscape architect Quincy Hammond and inspired by the likes of Gertrude Jekyll and Harold Peto, include a cut flower garden stocked with large groupings of white catmint, German irises, phlox, lilies and peonies. Five varieties of white roses grow in a separate sunken garden.

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Realty Check: Hot Sales and Listings – Lakefront Masterpiece
9/6/2016 – Hamptons Real Estate Showcase
Featuring Tim Davis and his listing at 408 First Neck Lane, Southampton, The Hamptons (Page 42)

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6 Hamptons Estates Perfect for True Golf Enthusiasts
9/1/2016 – Hamptons Magazine
Featuring Tim Davis’ listing at 939 Scuttlehole Road, Bridgehampton, and Tim Davis and Gary DePersia’s listing at 9 Olde Town Lane, Southampton

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Underground and Over the Top in the Hamptons

8/28/2016 – The New York Times
Featuring Gary DePersia and his listings at 23 Luther Drive in Water Mill and his listing with Tim Davis at 9 Olde Towne Lane in Southampton, as well as Randi Ball and her listings at 93, 99 & 101 Three Sisters Lane, Amagansett, The Hamptons.

Two years ago, Sheraton Kalouria bought more than a third of an acre in East Hampton Village, planning to build a second home with plenty of room for visiting family and friends. But with an odd-shaped lot and setback constraints, there was only one way to build a house that was as big as he wanted: Dig down.
A good portion of the house is hidden underground. Beneath a two-story contemporary completed in June is a 1,500-square-foot basement with 12-foot ceilings that includes two guest rooms with en-suite baths and a screening room.
“It’s sort of necessity breeding invention,” said Mr. Kalouria, a television executive who spends most of his time in Los Angeles. Though he started the project as a single person, Mr. Kalouria has since met Gary Bradhering, a private equity investor, and the two plan to start a life together. They have decided to share Mr. Bradhering’s house in Amagansett and to sell Mr. Kalouria’s custom-built home at 11 Muchmore Lane, with a list price of$4.875 million. “The address gave us a lot to live up to,” he said. By going big on the basement, he said, “I think we achieved it.”
In the Hamptons, stricter building codes and rising real estate prices are forcing home builders underground. In the last 14 months, the Villages of Southampton, Sag Harbor and East Hampton have all amended zoning codes to limit the size of homes. Since space below ground level is not counted in the overall square footage, burrowing down is a way to get more house for the money — or if you’re selling, to help justify the price. And as basements get bigger, owners are filling them with over-the-top amenities, including wine cellars, home theaters, spas and bowling alleys.
Gary DePersia, an associate broker with the Corcoran Group, is marketing two Hamptons homes with two-lane bowling alleys in the basement. One is a $13.9 million mansion in Water Mill that also includes a bar, a home theater and a slot car racing track below grade; the other, which he is selling with a colleague, Tim Davis, is a $39.5 million 15,500-square-foot estate in Southampton with an additional 6,000-square-foot basement with a theater, a gym, a full bar and billiards.
“You’re not allowed to call them basements anymore,” said Jeffrey Collé, a custom home builder, who recently completed a 12,500-square-foot house with a bedroom, a wine cellar, a home theater, a gym, a sauna and a steam room encompassing 5,000 square feet below grade in the Hamptons. “You can only call them lower levels.”
Unlike the dark, musty rec rooms of previous generations, many of these expansive subterranean levels have soaring ceilings, hardwood floors and large window wells that are dug outside below-grade windows to bring in air and sunshine, and create a legal bedroom with egress. High-end finishes match those found upstairs. And large patios dug out of the land around one side of the basement and framed by retaining walls allow for a wall of French doors that can afford an indoor/outdoor feel.
“You don’t have a feeling like you’re underground,” said Mr. Collé, who has built basements with ceilings as high as 16 feet. “These are open, airy spaces.”
That airy feeling underground was what Josh Guberman was going for when he bought a tear-down house perched on a steeply sloped acre in Southampton Village last year; it had been listed for $2.995 million with Matthew Breitenbach of Douglas Elliman Real Estate.
“The property was graded at such a high pitch, I was able to get a lot of light and air to the new basement,” said Mr. Guberman, a real estate developer who lives in the Hamptons with his wife, Meggan. He generally spends more per square foot on basements, including excavation and stone work, than on the upper floors, he said. “I’m very passionate about it.”
The last home he built for himself, a nine-bedroom in Bridgehampton, had a 1,200-bottle wine cellar, a fitness center with a wet bar, bath and sauna, and a professional screening room on the lower level. In his new place, a wall of glass in the gym and the family lounge looks out at a lower-level patio with a Japanese maple tree and a stone staircase that leads to the backyard, pool and tennis court beyond. Three lower-level bedrooms face a small courtyard with stacked stone walls lined with hydrangeas.
There are also a glass-enclosed wine room, a steam room, and a nine-seat home theater, which his family uses on a daily basis. “The kids are in the rec room or I’m down there grabbing bottles of wine,” he said. “We’re watching movies and hanging out. It’s an important integrated space.”
Finished basements have long been a cost-effective way to increase living space, but builders in the Hamptons say increased restrictions have kicked the trend into high gear.
“The square-footage allowance on a lot of the lots out here is tight, and the demand for bigger and bigger houses was increasing,” said Peter Sabbeth, the founder of Modern Green Home, a construction firm based in Bridgehampton. “The obvious place to give people that square footage was below ground.”
As with any basement, the water table plays a role in how deep a builder can dig down. But advances in building techniques have also improved waterproofing. For example, Modern Green Home uses pre-cast concrete walls, guaranteed to prevent water infiltration and moisture build-up. “We used to spend maybe $5,000 to $10,000 to waterproof a basement,” Mr. Sabbeth said. “Now we spend $50,000 to ensure all these luxuries are safeguarded.”
The company just finished three houses with pools, ranging from $4.5 million to $5.25 million, on Three Sisters Lane in Amagansett, which are being marketed by Randi Ball of Corcoran. Each has a large lower level with a gym, a wine cellar, a bedroom with an en-suite bath, and a movie theater that can seat 15 people.
“The longer the list of the amenities, the better,” said Diane Saatchi, an associate broker at Saunders & Associates, which has offices throughout the East End of Long Island and has sold homes with finished basements even under the pool house. “When there’s a lot of stuff underground, there’s a real feeling that you’re getting a lot for your money.”
The trend has been playing out not just in the Hamptons, but also in cities like New York and London, where prices are high and zoning restrictions can limit building size. In Central London, the “mega-basements” phenomenon got so out of hand, with proposals for multiple stories underground and lower levels extending out under the yard to house pools and cinemas, that the boroughs of Kensington and Chelsea limited the size and depth of these expansions last year.
The Village of East Hampton followed suit last year, amending its zoning code so that no part of a lower level extends beyond the exterior wall of the first story. And in case anyone gets the idea of building a double-height basement, the code now limits them to no more than 12 feet below natural grade.
Still, homes in other places continue to push the underground envelope. Michael Davis, a luxury home builder and designer, recently completed a custom estate in Bridgehampton with a tunnel that runs under the yard to connect the lower level in the main house to a gym below the pool house. The house’s 5,082-square-foot lower level has a bunk room, a playroom and a golf simulator room.
These connections, Mr. Davis said, “create a feeling of a compound” without the exterior of a huge mansion. “People don’t have to have as big a house as they might need if they can put a whole bunch of rooms in the lower level,” he said.
At the high end, where sales are beginning to soften, a tricked-out basement can also help justify the price. “You’re paying a tremendous amount for these small lots,” said Timothy Kelly, an agent with Douglas Elliman, who is handling Mr. Kalouria’s listing on Muchmore Lane in East Hampton Village. The additional space the lower level provides, Mr. Kelly said, “allows you to get the square footage number you need to justify the house on the lot.”
To stay competitive at the high end, “you absolutely have to build out the basement,” said Susan Cohen Sichenzia, a developer who is constructing a house at 56 Hedges Lane in Amagansett with an underground spa that has a built-in massage table, teak walls, and a sauna and steam room.
“People like to invite weekend guests,” she said. “They need a lot of weekend space. That’s the whole point of having the house — to entertain.”
Copyright © 2016 The New York Times Company. Reprinted with Permission. Daniel Gonzalez/The New York Times.

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At-Home in Atterbury with Bryan Eure & Bill White
8/24/2016 – KDHamptons.com
Featuring Tim Davis and Thomas Davis’ listing at 42 Oceanview Drive, Southampton, The Hamptons

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In Southampton, an Outdated Beach House Becomes a Stylish Cottage
8/3/2016 – Mansion Global
Featuring Tim Davis and Thomas Davis’ listing at 42 Oceanview Drive, Southampton

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Bill And Hill Clinton Might Sleep Here
8/2/2016 – 27 East
Featuring Tim Davis and Thomas Davis’ listing at 42 Oceanview Drive, Southampton

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A Hamptons Mansion With Political Connections Has Hit The Market
7/30/2016 – The Real Deal
Featuring Tim Davis and Thomas Davis’ listing at 42 Oceanview Drive, Southampton

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Southampton home, to host Hillary Clinton, listed for $5.95M
7/29/2016 – Newsday
Featuring Tim Davis and Thomas Davis’ listing at 42 Oceanview Drive, Southampton, The Hamptons

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The New Open House: 42 Oceanview Drive
7/29/2016 – Hamptons Cottages & Gardens
Featuring Tim Davis and Thomas Davis’ listing at 42 Oceanview Drive, Southampton, The Hamptons

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The Big Deal: 137 Pond Lane
7/29/2016 – Hamptons Cottages & Gardens
Featuring Tim Davis’ 15.3 acre multi-lot listing at 137 Pond Lane, Southampton, The Hamptons

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This Clinton Hamptons Party House Can Be Yours For $5.95M
7/28/2016 – The New York Post
Featuring Tim Davis and Thomas Davis’ listing at 42 Oceanview Drive, Southampton

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A Summer Place: 42 Oceanview Drive, Southampton
7/27/2016 – New York Spaces
Featuring Tim Davis’ listing at 42 Oceanview Drive, Southampton

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Inside the Waterfront Home of Hamptons Mega-Broker Tim Davis
7/26/2016 – Hamptons Cottages & Gardens
Featuring East End agent Tim Davis and his Hamptons home

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A Hamptons Mansion Designed by Randy Kemper and Tony Ingrao
7/24/2016 – NBC 4 New York
Featuring Gary DePersia and Tim Davis’ listing at 9 Olde Town Lane, Southampton

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Top 5 Southampton Homes for Sale with Epic Pools
7/18/2016 – Dan’s Papers
Featuring Tim Davis’ listing at 60 Herrick Road, Southampton, The Hamptons

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A Handful of Headline-Grabbing Hamptons Rentals are Still Available for August
7/15/2016 – Hamptons Cottages & Gardens
Featuring Tim Davis’ magnificant oceanfront estate rental listing in Southampton, The Hamptons

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Parrish Landscape Pleasures
7/14/2016 – Hamptons Cottages & Gardens
Featuring Tim Davis and his listing at 137 Pond Lane, Southampton

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Hamptons Land Prices Still Soaring
7/1/2016 – The Real Deal
Featuring Tim Davis’ listing at 167 Fowler Street, Southampton

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The Hamptons Summer Rental Market Is Running Hot And Cold
7/1/2016 – The Real Deal
Featuring Corcoran as the top East End brokerage by listings, as well as Susan Breitenbach, Tim Davis, and Gary DePersia.

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Hamptons Market Report Special Issue Rankings
7/1/2016 – The Real Deal
Featuring Corcoran as the top East End brokerage by listings, as well as Susan Breitenbach, Tim Davis, and Gary DePersia.

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Selling the Hamptons: The Corcoran Group
6/30/2016 – Avenue on the Beach
Featuring East End agents Susan Ryan, Debbie Brenneman, Ernie Cervi, Gary DePersia, Charlie Esposito, Tim Davis, Susan Breitenbach, Mary Slattery and Mala Sander (pages 134-135)

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A Luxurious Lifestyle: Inside Gardenside Southampton
6/30/2016 – Hamptons.com
Featuring Tim Davis’ sale at 77 Ox Pasture Road, Southampton

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A Luxurious Lifestyle: Inside Gardenside Southampton
6/30/2016 – Hamptons.com
Featuring Tim Davis’ sale at 77 Ox Pasture Road, Southampton

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Parrish Art’s Landscape Pleasures To Honor Jack deLashmet
6/6/2016 – Hamptons.com
Featuring Tim Davis and his listing at 137 Pond Lane, Southampton, The Hamptons

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Garden Tours, Landscape Symposium On The Horizon
6/6/2016 – 27 East
Featuring Tim Davis’ listing at 137 Pond Lane, Southampton

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Former estate of John Randolph Hearst for sale: $59M
5/16/2016 – Newsday
Featuring Tim Davis’ listing at 137 Pond Lane, Southampton

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The 5 most expensive houses for sale in the Hamptons
5/15/2016 – The Real Deal
Featuring Susan Breitenbach’s listing at 42 Old Montauk Highway and Tim Davis’ listings at 939 Scuttlehole Road and 137 Pond Lane

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$29.5M Southampton Estate, with Bay Views, Borders Preserve
5/3/2016 – Newsday
Featuring Tim Davis’ listing at 595 Captains Neck Lane, Southampton, The Hamptons

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Hamptons Real Estate Scene: $2.5 Million Rental, A-List Listings and More
4/20/2016 – Dan’s Papers
Featuring Tim Davis’ “.5M Southampton rental listing; Seth Madore’s Shelter Island rental listing; and Susan Breitenbach’s sale listing at 42 Old Montauk Highway, Montauk, The Hamptons

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Top 5 Homes for Sale in Montauk
4/14/2016 – Dan’s Papers
Featuring Susan Breitenbach’s listing at 42 Old Montauk Highway and Tim Davis’ listing at 14 Maple Street, Montauk, The Hamptons

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Three Pricey Hamptons Homes
4/12/2016 – News 12 Long Island
Featuring Elaine Stimmel’s listings at 141 & 145 Sayres Path, Wainscott; and Tim Davis’ listing at 595 Captains Neck Lane, Southampton, The Hamptons

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Southampton Estate with Perfectly Manicured Lawn Seeks $59 Million
4/8/2016 – The Wall Street Journal
Featuring Tim Davis’ listing at 137 Pond Lane, Southampton, The Hamptons

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Five Homes Ideal for Golf Enthusiasts
4/1/2016 – Financial Times
Featuring Tim Davis’ listing at 939 Scuttlehold Road, Bridgehampton, The Hamptons

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Top 5 Waterfront Homes with Pools in Sag Harbor
3/17/2016Source: Dan’s Papers
Featuring Tim Davis’ Bayfront listing, and Jack Pearson & Cee Scott Brown’s listing at 178 Redwood Road, Sag Harbor, The Hamptons

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Hamptons: Three Ponds Farm
3/7/2016 – Luxury Listings NYC
Featuring Tim Davis’ Three Ponds Farm listing at 939 Scuttlehole Road, Bridgehampton, The Hamptons

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Hamptons Rentals for $2.5M and Under
2/11/2016 – Newsday
Featuring Tim Davis’ Oceanfront mansion rental on Shinnecock Bay, Southampton; and Gary DePersia’s listing at 18 Bay View Court, North Haven, The Hamptons

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Hamptons Rental Season Starts Early
2/7/2016 – The New York Times

A nine-bedroom beachfront house in Southampton is being offered as a full-season summer rental for $2.5 million. Credit Corcoran Group [Tim Davis]
Although some early birds can be counted on to buck the trend, most people seeking summer rentals in the Hamptons tend to start their search around Presidents’ Day weekend in mid-February, real estate agents say. But inquiries for the summer of 2016 started coming in much sooner, some as early as October and November of last year.
“People were decisive about renting a solid three months before normal,” said Andrew Saunders, the president of the real estate firm Saunders & Associates, which handled more than 500 rentals in the Hamptons last year.
Balmy fall temperatures, which continued off and on into December, helped jump-start the rental season, brokers said, as more New Yorkers found themselves driving out to eastern Long Island for a weekend getaway well into late fall.
“I think people were already out here for other reasons because the weather was so good,” said Erin Keneally, an agent in the Bridgehampton office of the Corcoran Group. “So they killed two birds” with one stone, she said, “by looking for a summer rental and hanging out with friends.”

Another view of the Southampton house. Credit Corcoran Group [Tim Davis]
Ms. Keneally said it was much easier to show homes when there is little snow or freezing temperatures, especially if their pools have not been covered yet or the outdoor furniture taken in. So far, she has doubled the number of early bookings compared with previous years, she said, without providing specific numbers.
The weather was not the only factor. Anxiety over terrorist attacks in Europe made some repeat renters, especially those who work on Wall Street and keep close tabs on global news events during the trading day, nervous about spending time overseas. These travel concerns also may have helped fuel the early start, Mr. Saunders said. Many high-end homes with leases of $200,000 to $400,000 for a full season have been snatched up earlier than usual, he added. Inventory, though, remains good, with hundreds of homes available in that price category.
Jonathan Davis, an agent at Compass, said he found it rather odd when a client called him in November asking for a full-season rental, which covers Memorial Day through Labor Day. The client, a hedge fund manager who is married with three children, had always rented a home in East Hampton for the month of July, and usually took off for France in August.
“When I asked my client why he was changing his usual plan, he said he was nervous about taking his family to France,” especially after the November terrorist attacks in Paris, Mr. Davis said. “I don’t blame him; I feel nervous about going to Europe, too,” he added. The client leased a five-bedroom East Hampton home for $250,000 for the full season.
Nicholas Colas, the chief market strategist for the Manhattan brokerage firm Convergex, said most Wall Street professionals don’t take much vacation, so when they do, they try to make it count.
“With parts of Europe battling all kinds of things — a weak economy, a migrant crisis and terrorist attacks — there’s a lot of concern on Wall Street about security and the political climate,” said Mr. Colas, who is the author of a Hamptons summer rental report that takes a look at the fortunes of those who work on Wall Street and how they affect the high-end rental market on the East End of Long Island.
“From what I sense at work and in the Hamptons, security concerns are trumping foreign exchange rates,” added Mr. Colas, who has had a home in Southampton for about 20 years. He noted that when the dollar is stronger than the euro, or close to its value, as it is now, it is less expensive — and normally more attractive — for American vacationers to head to Europe.
A December report by the CMO Council, a global executive network, along with the GeoBranding Center and AIG Travel, found that of more than 2,000 prospective travelers in an online survey, most of whom lived in North America and Europe, one out of four had altered travel plans in the past year because of safety and health concerns. Of this group, 83 percent said terrorist activity was their main reason for avoiding certain areas, while 49 percent feared military conflict or fighting.
“I think the fear of travel is more than anecdotal,” Mr. Saunders said. “People are concerned about getting on a plane and going to France. Not since post-9/11 have I heard so much concern about safety.”
Meanwhile, the prices of Hampton homes, both for sale and for rent, have rebounded since the recession. The average sales price of a Hamptons home was $2.38 million for the fourth quarter of 2015, up 15.6 percent from the $2.06 million for the same period of 2014, according to the latest report from Douglas Elliman Real Estate.
Rental figures are hard to analyze, because the Hamptons real estate market does not have a centralized data management system. Mr. Colas estimated that the median asking price for a Hamptons rental in 2015 was about $45,000 for the full season, unchanged from 2014, but up by about $10,000 from five years ago. More significantly, as of Feb. 4, seven homes were listed on Hamptons Real Estate Online for $1 million or more for a full season and one nine-bedroom home in Southampton was asking $2.5 million for the season, figures unheard-of just three years ago. Eight homes were asking $1 million or more either for the month of July or for August through Labor Day.
The Hamptons market largely mirrors regional trends, but price increases there are also linked to the performance of Wall Street. And in the last five years, money made from deferred Wall Street bonuses that flowed into the Hamptons market was a huge factor, Mr. Colas said.
After the recession, many financial institutions asked their employees to take company stock instead of cash bonuses, which they couldn’t sell for a few years, dampening the Hamptons real estate market until 2011. Setting aside recent stock market volatility, this action turned out to be a windfall for those employees, because shares of bank stocks have been strong since the end of the recession, Mr. Colas said. As of Feb. 3 the KBW Nasdaq Bank Index had risen about 13 percent over the last five years.
“When Hamptons real estate, which has such a limited supply when compared to Manhattan, saw all the liquidity from money made from deferred bonuses, prices went higher,” Mr. Colas said.
Beate V. Moore, an associate broker in the Bridgehampton office of Sotheby’s International Realty, said rental inquiries so far have been about the same as in previous years. But she was happy to be able to rent out a seven-bedroom home in Sagaponack last fall for $400,000 for Aug. 1 through Sept. 15.
“It’s an unusual rental because the home is off the water and doesn’t have a tennis court,” she said. “Many of my high-end clients always want to upgrade from what they had the previous summer, so they start early.”
Marcy Bloom, a publishing executive who lives in Manhattan, is feeling the pressure to find a suitable summer rental. After looking to buy a summer home in the Hamptons for the better part of last year and not finding one to her liking, in December Ms. Bloom called the owner of her previous rental in Water Mill, N.Y., to see if she could lease it for the summer.
To her dismay, the five-bedroom home had already been rented to someone else.
“I was devastated,” Ms. Bloom said. “I was absolutely in love with that house.”
Now, she added, “I keep swinging back and forth between searching for sales and rentals, but I know I need to move quickly.”
Copyright © 2016 The New York Times Company. Reprinted with Permission.

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Hamptons Summer Rental’s Record-High Price Tag
2/4/2016 – Newsday
Featuring the Q4 2015 East End Corcoran Report, Tim Davis’ Oceanfront Estate listing, Southampton; and Gary DePersia’s listing at 18 Bay View Court, North Haven

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Realty Check
2/4/2016 – Hamptons Real Estate Showcase
Featuring Tim Davis’ listing at 700 Meadow Lane, Southampton

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Listing of the Day: A Stately Mansion in Southampton
2/3/2016 – Mansion Global
Featuring Gary DePersia and Tim Davis’ listing at 9 Olde Town Lane, Southampton, The Hamptons

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Hamptons Home Prices Set Record as Buyers Grab $5 Million Homes
1/28/2016 – Bloomberg
Featuring East End Regional Senior Vice President Ernie Cervi, the Q4 2015 East End Corcoran Report, and Tim Davis’ sale at 28 Gin Lane, Southampton, The Hamptons

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Living Large: Southampton House
1/22/2016 – CBS 2 New York
Featuring Gary DePersia and Tim Davis’ listing at 9 Olde Town Lane, Southampton, The Hamptons

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Most expensive homes for sale in Suffolk County
1/10/2016 – Newsday
Featuring Tim Davis’ Villa Maria at 51 Halsey Lane, 28 Gin Lane & Squabble Lane listings in The Hamptons

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Forbes’ 2015 most expensive ZIP codes on Long Island
1/5/2016 – Newsday
Featuring Susan Breitenbach’s Parsonage Lane listing, Sagaponack; Tim Davis’ listing at 60 Herrick Road, Southampton and a Corcoran listing in Bridgehampton, The Hamptons

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2015

New Hamptons Mansion with Rooftop Putting Green: $45 Million
12/31/2015 – Newsday
Featuring Gary DePersia and Tim Davis’ listing at 9 Olde Town Lane, Southampton, The Hamptons

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Private Properties: A Hamptons Teardown Sells for $53 Million
12/18/2015 – The Wall Street Journal
Featuring Tim Davis’ Wooldon Manor sale at 28 Gin Lane, Southampton, The Hamptons

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Most Expensive Homes for Sale in Suffolk County
12/18/2015 – Newsday
Featuring Tim Davis’ listings at 28 Gin Lane and Squabble Lane in Southampton, The Hamptons

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Southampton property once owned by Woolworths sells for $40M
12/17/2015 – Newsday
Featuring Tim Davis’ Wooldon Manor sale at 28 Gin Lane, Southampton, The Hamptons

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Hamptons Summer Rental Aims for Record $2.5 Million Price
12/11/2015 – The Wall Street Journal
Featuring Tim Davis’ Southampton Meadow Lane rental listing

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Hamptons Mansion Rental Seeking a Record $2.5M
12/10/2015 – The Real Deal
Featuring Tim Davis’ Southampton Meadow Lane listing

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LI Homes: 3 dramatic East End homes
12/8/2015 – News 12 Long Island
Featuring Gary DePersia and Tim Davis’ listing at 9 Olde Town Lane, Southampton, The Hamptons

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Considering the Caribbean
11/10/2015 – Luxury Listings NYC
Featuring Caroline Holl and her listings with Leighton Candler and Tim Davis in Anguilla, The Caribbean.

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Late Investor’s Water Mill Manse Sells For $27 Million
11/6/2015 – Southampton Press
Featuring Tim Davis’ Jack Nash Estate sale, Water Mill, The Hamptons

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Hedge Fund Executive Jack Nash’s Hamptons Estate Sells for 30% Off
11/2/2015 – The Wall Street Journal
Featuring Tim Davis’ Jack Nash Estate sale, Water Mill, The Hamptons

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The Hamptons estate of a late hedge funder just sold for $27 million
11/2/2015 – BusinessInsider.com
Featuring Tim Davis’ Jack Nash Estate sale, Water Mill, The Hamptons

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Historic Southampton Estate Four Fountains for Sale at $35M
10/26/2015 – Curbed
Featuring Tim Davis’ Four Fountains mansion listing in Southampton, The Hamptons

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Art Deco Theater Turned Southampton Home Seeks $35 Million
10/22/2015 – The Wall Street Journal
Featuring Tim Davis’ Four Fountains mansion listing in Southampton, The Hamptons

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LI Homes for History Buffs: 60 Herrick Road, Southampton
10/13/2015 – Newsday
Featuring Tim Davis’ listing at 60 Herrick Road, Southampton, The Hamptons

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Brand-New $8.75M Hamptons Manse Has Historic Inspiration
10/8/2015 – New York Post
Featuring Tim Davis’ listing at 60 Herrick Road, Southampton, The Hamptons

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Top Five Lavish Listings In The Hamptons
10/7/2015 – Southampton Press
Featuring Tim Davis’ Villa Maria listings at 51 Halsey Lane (Villa Maria), Water Mill; and 127 Main Street, East Hampton, The Hamptons

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Mapping the 10 Largest Houses for Sale in the Hamptons
9/14/2015 – Curbed
Featuring Tim Davis’ Villa Maria listing at 51 Halsey Lane, Water Mill; and Mala Sander’s Burnt Point listing, Wainscott, The Hamptons

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Tim Davis Offers Spectacular Southampton Village Estate at $8.75M
9/10/2015 – KDHamptons.com
Featuring Tim Davis’ listing at 60 Herrick Road, Southampton, The Hamptons

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Most Expensive Homes Back East
9/9/2015 – Zillow
Featuring Tim Davis’ Villa Maria listing at 51 Halsey Lane, Water Mill, The Hamptons; Deborah Grubman, David Dubin and Paul Albano’s listing at One Beacon Court, Midtown West, Manhattan; and Marie-Claire Gladstone’s Tommy Hilfiger Plaza Hotel listing at 1 Central Park South, Manhattan

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A Broker Turns To Building
9/6/2015 – Southampton Press
Featuring Tim Davis’ listing at 60 Herrick Road, Southampton, The Hamptons

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Hot Property: The Hamptons
9/1/2015 – The Telegraph – UK
Featuring Tim Davis’ listings at 1320 Flying Point Road, Water Mill; and 385 Great Plains Road, Southampton, The Hamptons

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Five Homes for Jennifer Lawrence: 28 Gin Lane, Southampton
8/24/2015 – Mansion Global
Featuring Tim Davis’ listing at 28 Gin Lane, Southampton, The Hamptons

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House of the Day: Montauk, NY
8/4/2015 – Mansion Global
Featuring Tim Davis’ listing at 14 Maple Street, Montauk, The Hamptons

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Day in the Life of: Tim Davis
8/1/2015 – The Real Deal
Featuring Hamptons agent Tim Davis

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Why You Should Invest in Montauk Real Estate Right Now
7/31/2015 – Hamptons Magazine
Featuring Tim Davis and his listing at 14 Maple Street, Montauk, The Hamptons

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Top Homes 2015: The Most Exclusive and Spectacular Oceanfront Properties
7/29/2015 – Ocean Home Magazine
Featuring Tim Davis’ listings at 51 Halsey Lane and 326, 328 & 332 Cobb Road, Water Mill, The Hamptons

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Pads and Paddocks: High-End Equestrian Property For Sale
7/25/2015 – Financial Times
Featuring Carol Mayo and Tim Davis’ listing at 437 North Sea Mecox Road, Southampton, The Hamptons

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Fantasy-Grade Beach Houses Near NYC that Make for Ideal Getaways
7/17/2015 – BrickUnderground.com
Featuring Tim Davis’ listing at 51 Halsey Lane, Water Mill, The Hamptons

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On the Market: 4 Listings a Stone’s Throw Away from Celebrity Homes
7/15/2015 – Hamptons Cottages & Gardens
Featuring Tim Davis’ listing at 980 Meadow Lane, Southampton; and Gary DePersia’s listing at 13 & 35 Meadow Court in Bridgehampton, The Hamptons

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The Hamptons’ Top 10 Luxury Real Estate Agents
7/8/2015 – The Real Deal
Featuring Hamptons agents Tim Davis, Susan Breitenbach and Gary DePersia

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Beyond the Hamptons: The Quieter Charms of Amagansett and Montauk
6/19/2015 – Financial Times
Featuring agent Arlene Reckson as well as Tim Davis’ Villa Maria listing at 51 Halsey Lane, Water Mill, The Hamptons

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Inside a Watermill Modern Beach House
6/14/2015 – NBC 4 New York
Featuring Tim Davis and Jonathan Davis, and their listing at 1320 Flying Point Road, Water Mill, The Hamptons

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Why 2015 Is Poised to Be the East End’s Best Year Yet
6/12/2015 – New York Cottages & Gardens
Featuring agent Tim Davis

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Which Hamptons Hamlet Attracts Celebs like Scarlett Johansson?
6/12/2015 – Hamptons Magazine
Featuring Tim Davis’ listing at 252 Bluff Road, Amagansett, The Hamptons

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7 Hamptons Homes with Incredible Pools
6/2/2015 – Hamptons Magazine
Featuring Susan Breitenbach’s listing at 1866 Deerfield Road, Water Mill; and Tim Davis’ listing at 77 Ox Pasture Road, Southampton

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The Hamptons’ Top Brokerages
6/1/2015 – The Real Deal
Featuring Cee Scott Brown and Jack Pearson’s sales and listings at Watchcase, Sag Harbor; Tim Davis’ listing at 51 Halsey Lane, Water Mill; and the Corcoran Group as #1 in East End sales

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Luxurious Residences, The American Way
BY: CAROLE PAPAZIANVIEWED 174 TIMES
Published: 5/29/2015Source: Le Figaro
The New York market attracts the wealthiest of this world. And the prices are going up.

The luxury real estate market is doing well in Manhattan. Very well. The city remains, with London, where wealthy from around the world need to have a pied-a-terre. It also reassures many buyers from emerging countries that to invest in American property is to put their money away from monetary or political turmoil of their country of origin. But where does American luxury start? Over $ 3.5 million, according to Corcoran brokerage, the luxury real estate specialist on the East Coast which recently signed an agreement with the John Taylor international real estate firm. The luxury market represents the top 10% of sales in Manhattan. In this niche, the average sales reached $7.2 million in the first quarter. The ultimate, most expensive properties offer direct views of Central Park, the green lung of New York. But new penthouses downtown (in the lower part of the city) compete with panoramic views. There, prices can soar like towers that rival for being the tallest in the city. A dozen are under construction or just out of the ground. One of them will be the highest. The best-known architects are sought by developers who thus offer their talent, but also their reputation. The French Jean Nouvel and Christian de Portzamparc are both in it. In one of the residential towers of the most iconic luxury (220 Central Park South), opposite the park, prices range from 15 million to $ 150 million for the penthouse. Delivery in 2017. And a third of the apartments have already been sold.

But these new constructions are not the only ones to show stratospheric prices and breathtaking views . The duplex of Tommy Hilfiger , across from Central Park, offers another option.

Entering the Plaza building, one is announced by the concierge, slipping into the elevator and opening the door into the penthouse of the designer is, admittedly, a delightful experience. Inside the apartment, one has entered a dream mansion that has been completely renovated. Deco lines, white sofas, fine linens, Warhols on the wall, a round room dedicated to children with drawings of Eloise, beloved storybook character of American children, we almost leave reality. The terrace and the dome with tile glazed complete the seduction. We quickly return to reality by becoming aware of the asking price, $ 75 million (€ 68 million) for this duplex of 565 m2 potentially sold furnished, but without artwork. What also defines the luxury in the US, it is the quality of service in these luxury condos. Concierges appropriate for big hotels, security, spas, everything is planned, these buildings offer a level of service uncommon in Europe. As such, the Hilfiger penthouse has access to all the services of The Plaza Hotel.

1 Central Park Penthouse 1809

Fascinating, full of energy, constantly changing, for sure, New York has pep. Still, some dream of escaping each weekend to find their country house. It is smart, then, to head to head out to the Hamptons, two hours from Manhattan. This is where New Yorkers luckiest spend their weekends with the arrival of sunny days. And prices in this universe that mixes country and beach, have nothing to envy to those of the Big Apple. Since the beginning of the year, four sales of more than $ 20 million were done. The former home of Vince Camuto, the creator of Nine West shoe brand, who recently passed away, is selling for $85 million. Not far from the beaches and ocean breezes, a grand and chic family home. And the pool, with an air of Italy, perhaps remembers the origins of the Patriarch.

51 Halsey Lane, Southampton

TRANSLATION
Le marché new-yorkais attire les fortunes du monde entier. Et les prix s’envolent.
Le marché immobilier haut de gamme se porte bien à Manhattan. Très bien même. La ville reste, avec Londres, celle où les grandes fortunes du monde entier se doivent d’avoir un pied-à-terre. Elle rassure aussi de nombreux acheteurs de pays émergents qui investissent dans la pierre américaine pour mettre leur argent à l’abri de turbulences monétaires ou politiques de leur pays d’origine. Mais où commence vraiment le luxe à l’américaine?? Au-dessus de 3,5 millions de dollars, selon le broker Corcoran, spécialiste de l’immobilier haut de gamme sur la côte Est qui a récemment signé un accord avec John Taylor. Ce qui représente 10 % des ventes à Manhattan. Sur ce créneau, la vente moyenne atteignait 7.2 millions de dollars au premier trimestre. Le nec plus ultra, les adresses les plus chères offrent des vues directes sur Central Park, le poumon vert de New York. Mais les nouveaux penthouses de downtown (dans la partie basse de la ville) et leurs vues panoramiques les concurrencent. Là, les prix peuvent s’envoler comme les tours qui rivalisent de hauteur. Une douzaine sont en construction ou tout juste sorties de terre. C’est à qui sera la plus haute. Les architectes les plus connus sont recherchés par des promoteurs qui s’offrent ainsi leur talent, mais aussi leur notoriété. Les Français Jean Nouvel et Christian de Portzamparc en font partie. Dans l’une des tours résidentielles de luxe les plus emblématiques (220 Central Park South), face au parc, les prix vont de 15 millions à 150 millions de dollars pour le penthouse. Livraison prévue en 2017. Et un tiers des appartements ont déjà été vendus.
Mais ces nouvelles constructions ne sont pas les seules à afficher des prix stratosphériques et des vues à couper le souffle. Le duplex de Tommy Hilfiger, face à Central Park, offre une autre option.
Entrer dans l’immeuble du Plaza, s’annoncer au concierge, se glisser dans l’ascenseur et pousser la porte du penthouse du créateur est, il faut le reconnaître, une expérience délicieuse. Dans l’appartement lui-même, on plonge dans l’univers du maître de maison qui l’a entièrement rénové à sa mesure. Déco tirée au cordeau, canapés blancs, linge de maison raffiné, Warhol au mur, pièce ronde dédiée aux enfants avec des dessins d’Eloise, personnage chéri des petits Américains, on se laisserait presque prendre au jeu. La terrasse et le dôme aux tuiles vernissées achèvent l’opération séduction. On revient vite à la réalité en prenant conscience du prix demandé, 75 millions de dollars (68 millions d’euros) pour ce duplex de 565 m2, mais sans les œuvres d’art. Ce qui fait aussi le luxe à l’américaine, c’est la qualité des services dans ces copropriétés de luxe où on reste entre soi. Concierges qui valent ceux des grands hôtels, sécurité, spas, tout est prévu, les immeubles offrent un niveau de services peu courant en Europe. Le penthouse de Tommy Hilfiger donne ainsi accès à tous les services de l’hôtel Plaza.
Fascinante, pleine d’énergie, en mutation constante, c’est sûr, New York a du peps. Pourtant, certains rêvent de s’en échapper chaque fin de semaine pour retrouver leur maison de campagne. Il est alors de bon ton de prendre la direction des Hamptons, à deux heures de Manhattan. C’est là que les New-Yorkais les plus chanceux passent leurs week-ends dès la venue des beaux jours. Et les prix, dans cet univers qui mêle campagne et iode, n’ont rien à envier à ceux de la Grosse Pomme. Depuis le début de l’année, quatre ventes à plus de 20 millions de dollars ont été conclues. La maison de Vince Camuto, le créateur de la marque de chaussures Nine West, disparu depuis peu, est ainsi à vendre 85 millions de dollars. Non loin des plages balayées par le vent, cette gigantesque maison de famille a du chic. Et la piscine, un petit air d’Italie, souvenir peut-être des origines du patriarche.

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Modern Beach Houses for Sale
5/22/2015 – The Wall Street Journal
Featuring Tim Davis’ Sag Harbor bayfront listing

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Luxe listings: Bridgehampton, Water Mill and Southampton
5/20/2015 – New York Post
Featuring Ginger Thoerner’s listing at 152 Sagaponack Road, Bridgehampton; Susan Breitenbach’s listing at 318 Mitchell’s Lane, Bridgehampton; and Tim Davis’ listing at 1320 Flying Point Road, Water Mill, The Hamptons

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2015 Real Estate & Development Awards: Tim Davis, Top Residential Sales, East End
4/27/2015 – Long Island Business News
Featuring agent Tim Davis

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Long Island’s Million-Dollar Rentals
4/21/2015 – Newsday
Featuring Tim Davis and Felicitas Kohl’s Southampton rental

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5 Hamptons Homes with Spectacular Outdoor Spaces
4/14/2015 – Hamptons Magazine
Featuring Tim Davis’ listings at 51 Halsey Lane, Water Mill; 77 Ox Pasture Road, Southampton; 1341 Flying Point Road, Water Mill; 1320 Flying Point Road, Water Mill; and 13 Maple Street, Montauk, The Hamptons

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The Hamptons is Ready to Shine
4/1/2015 – The Real Deal
Featuring East End agent Jason Schommer, as well as Tim Davis’ listing at 1116 Meadow Lane, Southampton; Evan Kulman’s listing at 1820 Meadow Lane, and the Q4 2014 Hamptons Corcoran Report

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Live Like the 1 Percent in One of These 5 Hamptons Homes for Sale
3/18/2015 – New York Post
Featuring Tim Davis’ listing at 28 Gin Lane, Southampton, The Hamptons

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A Luxurious Lifestyle: Inside Gardenside Southampton
3/16/2015 – Hamptons.com
Featuring Tim Davis and his “Cara Mia” listing at 77 Ox Pasture Road, Southampton

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Blurred Lines: Is the North Fork the New Brooklyn?
3/12/2015 – Luxury Listings NYC
Featuring Sheri Winter Clarry and her Big E Farm listing in Jamesport, as well as Tim Davis’ listing at 51 & 55 Halsey Lane, Water Mill, The Hamptons

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A Sentimental Journey: A Century Old Waterfront Home In The Hamptons Combines Luxury, Style And Charm To Create Sweet, Lasting Memories on Mecox Bay
3/3/2015 – Hamptons.com
Featuring Tim Davis’ Mecox Bay Waterfront Compound listing in Water Mill, The Hamptons

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Sold in Three Weeks: Two Southampton Acres for $11.95M
3/2/2015 – Curbed
Featuring Tim Davis’ sale at 416 Beachcomber Lane, Southampton

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Tour a Six-Bedroom on Prestigious Wyandanch Lane for $12.75M
2/27/2015 – Curbed
Featuring Tim Davis’ listing at 115 Wyandanch Lane, Southampton, The Hamptons

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NEW KDHamptons Featured Property: A 1930’s East Hampton Architectural Landmark Hits The Market
2/24/2015 – KDHamptons.com
Featuring Tim Davis’ listing at 127 Main Street, East Hampton

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Run, Don’t Walk, to Lock Down a Sexy Hamptons pad
2/12/2015 – New York Post
Featuring East End agent Tim Davis as well as Bryan Midlam and Vanessa Mothes’ rental listing at 2829 Deerfield Road, Sag Harbor; Gary DePersia’s rental listing at 612 Halsey Lane, Bridgehampton; Susan Breitenbach’s rental listing at 181 Old Mill Road, Water Mill; and Jason and Gaylene Schommer’s rental listing at 249 Mitchells Lane, Bridgehampton

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Hamptons Home Prices Hit Seven-Year High in Luxury Surge
1/29/2015 – Bloomberg
Featuring Executive Managing Director, Bridgehampton, Ernie Cervi and the Q4 2014 East End Corcoran Report, as well as Tim Davis and his sale at 576 Meadow Lane, Southampton

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Luxury Home Prices In the Hamptons Hit Seven-Year High
1/29/2015 – Haute Living
Featuring the Q4 2014 East End Corcoran Report as well as Tim Davis’ sale at 576 Meadow Lane in Southampton

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We Hear: Lily Pond Lane Closing
1/8/2015 – New York Post
Featuring Tim Davis and Peter Huffine’s sales at Wooldon Manor, 16 Gin Lane, Southampton

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2014

Late-Season Sales Hit the Hamptons
11/20/2014 – New York Post
Featuring Tim Davis’ sales at 1116 Meadow Lane and 576 Meadow Lane, Southampton, The Hamptons

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The Beach House: Water Mill, NY
11/1/2014 – Private Air Luxury Homes
Featuring Tim Davis’ listings at 1320 Flying Point Road & 292 Roses Grove Road, Water Mill, The Hamptons

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EDM big sells Hamptons house for $39 million
10/15/2014 – The New York Post
Featuring Tim Davis’ listing at 1116 Meadow Lane, Southampton, New York

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Music Mogul Sells on Meadow Lane in Record Time
10/15/2014 – Curbed
Featuring Tim Davis’ listing at 1116 Meadow Lane, Southampton, New York

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Atherton, California, is America’s Most Expensive Zip Code AGAIN – But New York Neighborhoods Dominate Top Ten
10/8/2014 – Daily Mail
Featuring Daren Herzberg, Julie Pham and Brian Babst’s listing at 30 Crosby Street, Soho, Manhattan; and Tim Davis’ Sagaponack Oceanfront in The Hamptons

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Coastal Living Between Miami and New York
10/8/2014 – Centurion Magazine
Featuring Tim Davis and Peter Huffine’s listing at 51 Halsey Lane in Water Mill, The Hamptons, and Jim McCann’s listing at 800 South Ocean Blvd, Manalapan, South Florida

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A Third Of Sillerman’s Southampton Property Asks $39 Million
9/22/2014 – Southampton Press
Featuring Tim Davis’ listing at 1116 Meadow Lane, Southampton, The Hamptons

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Throwing Raves Can Net You 14 Acres on Meadow Lane
9/15/2014 – Curbed
Featuring Tim Davis’ listing at 1116 Meadow Lane, the Hamptons

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Entertainment Mogul Robert F.X. Sillerman Lists Six Homes for a Total $107 Million
9/12/2014 – The Wall Street Journal
Featuring Tim Davis’ listing at 1116 Meadow Lane, and Leighton Candler and Caroline Holl’s listing at 157 East 70th Street

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Dance music mogul lists six homes for $107M
9/12/2014 – The Real Deal
Featuring Tim Davis’ listing at 1116 Meadow Lane, and Leighton Candler and Caroline Holl’s listing at 157 East 70th Street

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Looking to ‘Simplify,’ Mogul Lists $107M Worth of Fancy Homes
9/12/2014 – Curbed
Featuring Tim Davis’ listing at 1116 Meadow Lane, and Leighton Candler and Caroline Holl’s listing at 157 East 70th Street

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Gallery: Hampton Classic Horse Show
9/10/2014 – Brokers Weekly

On a recent Sunday in Bridgehampton, the annual Hampton Classic Horse Show held its dramatic final day, “Grand Prix Sunday.” Equestrians, Celebrities, Real Estate Professionals and their fans and families gathered to see and to be seen.

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What’s Hot: A Handsome Hamptons Estate
9/4/2014 – The Robb Report
Featuring Tim Davis’ Villa Maria listing at 51 Halsey Lane, Water Mill, The Hamptons

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Broker Showcase – Tim Davis: The Corcoran Group
9/1/2014 – Hamptons Real Estate Showcase
HRES recently had the opportunity to sit down with Tim Davis, of the Corcoran Group, who sold Southampton’s historic Wooldon Manor oceanfront estate, not once, but twice in just six months. It first sold in one transaction in December of 2013 for $75 million. In less than 3 months it was back on the market, selling again in July 2014 in several transactions, for a total of $81,250,000. Tim was not only the co-exclusive listing agent, but he was also the selling agent first, for the entire transaction in 2013 (the house and four parcels) and two of the 2014 transactions (including the house and one parcel). An amazing year for this veteran Hamptons agent!

HRES: You have so many incredible listings on the market right now, call you tell us a little more about one or two of them?
TD: Yes, I am very fortunate in that regard. Rather than pinpoint one, I would state that in particular there are a number of important and impressive waterfront and oceanfront properties which I am currently offering in the market. Each one offers a unique feeling and opportunity depending on the way in which one wants to live and own their home in the Hamptons. From a crisp oceanfront contemporary in Sagaponack to a rambling Mecox Bayfront mansion. There are some wonderful selections in the market right now that will suit a wide variety of needs.

HRES: What is it like working together with your son, Jonathan?
TD: Jonathan assists on a number of my listings, while helping to develop other aspects of the business. We are building a partnership and have made a long-term commitment to providing the best service and marketing programs to our clients. Jon has brought social media and other exciting opportunities to enhance the Tim Davis brand and develop new opportunities. Most recently while in L.A. he introduced himself to one of the stars of Million Dollar Listing Los Angeles, which evolved into our shooting an episode of the show in the Hamptons featuring several of my listings.

HRES: Hamptons real estate is booming again … why do you thil1k that is?
TD: Hamptons real estate has been a constant. Even in recession times we always had buyers, just at different prices. First, we are a safe haven for investment. Then and perhaps most importantly this locale offers a unique and exceptional quality of life within 2 hours from Manhattan. The Hamptons have a well-deserved worldwide reputation for being a jewel in the real estate market and a lifestyle destination for homeowners.

HRES: Who has had the greatest influence on your life, and why?
TD: My wife and three children have been my greatest influence. Their love and support on a daily basis keeps me grounded and they remind me of the things that are most important in life. They inspire me to be the best version of myself. You know the saying” Behind every successful man … “for me, that means my entire family. They are my motivating engine.

HRES: What is the most important lesson you have learned as a real estate agent in the Hamptons?
TD: Each customer, contact and transaction is a future building block for new relationships and new business for tomorrow or ten years down the road. Treat them honestly, fairly and guide them with the experience and the understanding of the market gained over 33 years in the business to serve their best interests. Do right by them and the future will take care of you.
Tim Davis
Licensed Associate RE Broker
Licensed as Timothy G Davis
Office: (631) 702-9211
Email: [email protected]

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MarketWatch: Busy Fall Season Predicted
9/1/2014 – Hamptons Real Estate Showcase
As the summer winds down, a slow down is nowhere in sight for the real estate market in the Hamptons. With interest rates low, prices increasing, and even some bidding wars~ the fall season is predicted to be very busy in the Hamptons!

Tim Davis of The Corcoran Group observes, “We have been unusually busy with sales in June, July, and August.” He remarks, “In general the market is active across the board. There are some excellent re-sale buying opportunities above $10M and below $20M for inland non-waterfront properties.” He notes, “The majority of our buyers come from the Tri-State Area, however this year there is interest from the West Coast, Europe and even the Middle East.”Tim reflects, “New inventory often comes on the market during August setting the tone for our fall selling season. September is generally the quieter month. October is traditionally the kick-off to the fall selling season.”
Ginger Thoerner of The Corcoran Group observes, “The market has been robust.” She exclaims “I haven’t seen such a busy July and August since I started in the business ten years ago.” She remarks, “The low end seems to be highly busy right now, but unique properties – either good design, waterfront location, or shrewdly priced – are moving quickly across all price points, with a lull in the $8M-$15M range inland.” She reflects, “For these unique or properly positioned properties, the prices have been exceeding expectation. There have been several full priced sales and bidding war situations which yielded higher than dreamed of prices.” Ginger predicts, “If things continue at this pace, the fall is sure to be busy.”
Fall is a great time of year to be in the Hamptons. From the fantastic shopping and dining, to the Hamptons International Film Festival, to the gorgeous Indian summer weather, autumn is a wonderful season to discover your dream home in the Hamptons.

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The Top 10: Brokers Breaking Records in the Hamptons
9/1/2014 – AVENUE
Featuring East End agents Tim Davis, Susan Breitenbach & Gary DePersia: http://issuu.com/avenueinsider/docs/avenue-sept_2014/142?e=2748745/9171964 (Page 140)
In July, Avenue’s Unreal Estate column highlighted the top ten deals of the last year and the highest earning broker in the Hamptons. Space constraints prevented us from listing the top ten East End brokers of last year, a stellar group that includes Corcoran’s Susan Breitenbach, who won the Hall of Fame award at the first annual Privet Hedge dinner, Paul Brennan of Douglas Elliman, who took home the Broker’s Broker’s honor and Corcoran’s Tim Davis, who won the Big Deal Broker award. Herewith, the full list of last year’s top-selling brokers in the Hamptons. Congratulations to each of them, and may the next year bring even bigger numbers to them all (and to their clients) -Michael Gross
(Source: The Real Trends: The Thousand, 2014,”Top 250 Individual Real Estate Professionals by Sales Volume”)
1. Tim Davis
Licensed Associate Real Estate Broker
Power broker and lifelong Hamptons resident Tim Davis boasts an accomplished 33-year real estate career listing and selling some of the finest properties on the East End. Known as the luxury market leader, he is currently ranked by the Wall Street Journal as the #4 broker Nationwide making him the #1 agent in the Hamptons and New York. Tim has sold over $2 billion in real estate, ranging from luxury estate homes and oceanfront properties to Village cottages and bayfront retreats. His personal sales for 2013 alone exceeded $400 million, including the highest price residential home sale on the East End-Wooldon Manor, an oceanfront estate in Southampton, which closed for $75 million. The Corcoran Group 631.283.7300 [email protected]. Total Sales Revenue: $422,218,500

3. Susan Breitenbach
Licensed Associate Real Estate Broker
Susan Breitenbach’s accolades, rankings and awards easily establish her as one of the very best in her field. She has an inherent talent for real estate that has led to her handling over $2 billion in transactions and over $900 million in listings. This volume of experience ensures that without question, Susan has an unparalleled understanding of the luxury real estate market. The Corcoran Group 631.875.6000 [email protected]. Total Sales Revenue: $227,159,000

4. Gary DePersia
Licensed Associate Real Estate Broker
On the East End since 1995, having started with the legendary Allan Schneider Associates, now The Corcoran Group, Gary DePersia has participated in more than $1.5 billion of real estate transactions.,With hundreds of his exclusive listings sold and closed, owing to his talent matching hundreds of his own buyers and renters with the right properties, Gary’s almost 20 years in the Hamptons luxury real estate market has generated benchmark sales. The Corcoran Group 631.899.0215 [email protected]. Total Sales Revenue: $190,930,500

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Hamptons Mansion From Something’s Gotta Give Sells for a Whopping $41 MILLION – Jack Nicholson Not Included
8/28/2014 – Daily Mail
Featuring Tim Davis’ sale at 576 Meadow Lane, Southampton, The Hamptons

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‘Something’s Gotta Give’ House on Meadow Lane Sells for $41M
8/27/2014 – Curbed
Featuring Tim Davis’ sale at 576 Meadow Lane, Southampton, The Hamptons

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Hamptons & North Fork Markets: Where They’ve Been, Where They’re Going
8/27/2014 – Dan’s Papers
Featuring East End agents Tim Davis and Susan Breitenbach and their Hampton sales

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Hamptons beach house from ‘Something’s Gotta Give’ sells for $41M to hotel magnate Jimmy Tisch
8/26/2014 – New York Daily News
Featuring Tim Davis’ sale at 576 Meadow Lane, Southampton, The Hamptons

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Jimmy Tisch buys 11-bedroom Hamptons mansion for $41M
8/26/2014 – The Real Deal
Featuring Tim Davis’ sale at 576 Meadow Lane, Southampton, The Hamptons

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Southampton Property To Go on the Market for $50 Million
8/22/2014 – The Wall Street Journal
Featuring Tim Davis’ beachfront Gin Lane listing, Southampton

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Gin Lane property on the market for first time in 50 years
8/22/2014 – The Real Deal
Featuring Tim Davis’ beachfront Gin Lane listing, Southampton

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Oceanfront Properties Still Dominate the Market
8/22/2014 – Hamptons Magazine
Featuring Tim Davis’ Oceanfront listings and sales, The Hamptons

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The Amazing Hamptons Estate Of A Late Telecom Entrepreneur Is On The Market For $35 Million
8/22/2014 – BusinessInsider.com
Featuring Tim Davis’ beachfront Gin Lane listing, Southampton

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New Construction in Amagansett Asks $9.75M
8/22/2014 – Curbed
Featuring Tim Davis’ listing at 252 Bluff Road, Amagansett, The Hamptons

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Land Trust Seeking Farmers To Buy Water Mill Land
8/13/2014 – 27 East
Featuring Tim Davis’ sale of the Peconic Land Trust, Water Mill, The Hamptons

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Here’s The Cost Of Maintaining The Priciest Homes In NYC
8/11/2014 – BusinessInsider.com
Featuring Susan Breitenbach and her Two Trees Farm listing at 231, 491 and 849 Hayground Road, Bridgehampton as well as Tim Davis’ listing at 16 Gin Lane, Southampton, The Hamptons

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Editorial: Land deal a model to preserve LI farms
8/11/2014 – Newsday
Featuring Tim Davis’ sale of the Peconic Land Trust, Water Mill, The Hamptons:

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Southampton Town Helps Keep Farmers Farming
8/6/2014 – The Sag Harbor Express
Featuring Tim Davis’ sale of the Peconic Land Trust, Water Mill, The Hamptons

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Kitchens Made for Entertaining in Million-Dollar Hamptons Homes
8/6/2014 – Hamptons Magazine
Featuring Tim Davis’ Oceanfront listing in Sagaponack, his Back Bay listing in Water Mill, and his listing with Peter Huffine at 51 Halsey Lane; Cee Scott Brown and Jack Pearson’s penthouse listing at Watchcase, Sag Harbor; and Shaunagh M. Byrne’s listing at 291 Great Plains Road, Southampton, The Hamptons

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Amid Preservation Efforts, Farmland in the Hamptons Goes for Other Uses
8/5/2014 – The New York Times

John v.H. Halsey, president of the Peconic Land Trust, and Anna Throne-Holst, the Southampton town supervisor, in Water Mill. The town paid $12.5 million for developmental rights.
Even in the Hamptons, $12.5 million is a lot to pay for a piece of property, especially when the only things that will be allowed to sprout on it are corn and potatoes. No new houses. And for the first time, horse farms and vineyards will not qualify, either.
At $378,000 an acre, the farmland — two parcels along Noyac Path in Water Mill — is some of the most expensive in the country, but for the Town of Southampton, the price was worth it. And Southampton is not even buying the land, but merely the development rights to it.
“Everyone who lives or visits here appreciates that we have not only beautiful beaches and bays, the classic resort experience, but we also have this rolling landscape and agricultural atmosphere, and that’s a very unique combination we’re fighting to preserve,” said Anna Throne-Holst, the town supervisor.
Suffolk County pioneered the practice of buying development rights in the 1970s to protect its agricultural heritage and shield farmers from soaring estate taxes as developers competed for their properties, driving up land values. But just because homes could not be built on protected parcels did not mean the land would remain fertile for farming.
Over the past decade or so, it has become increasingly common for developers or neighbors to buy protected land and, preferring the patter of horses to the clatter of tractors, turn it into private equestrian complexes or simply giant lawns surrounded by hedges. The hedges and horses mean not only less local produce but also fewer of the bucolic potato farm vistas associated with the South Fork, and an increased feeling of an expensive enclave.
“Even the protected parcels started selling for six figures, which might be cheap for some folks but is prohibitively expensive for farmers,” said John v.H. Halsey, president of the Peconic Land Trust, which has arranged hundreds of these deals. “It is especially frustrating for the public, who already spent money on land they thought they were protecting for farming to find out it’s turned into a gated compound.”
Just up the Scuttle Hole Road from the Noyac parcels is one of the most famous examples: a 26-acre horse farm Madonna bought for $6.5 million and an adjacent 24-acre agricultural field she bought for $2.2 million. She built high fences around both properties in 2013 and used the field as a staging ground for construction, both of which were forbidden by the town’s prior purchase of the development rights there.
The terms of the Noyac sale are an attempt to turn this tide.
In addition to buying the development rights on the 33 acres, the town has also bought the equestrian rights, vineyard rights and restrictions on leaving land fallow for more than two years — a measure to combat those baronial lawns. There will also be limits on how much the land can be sold for, not unlike income-restricted co-op apartments in New York City.
On Tuesday, the Peconic Land Trust will begin accepting applications from farmers to buy the land for roughly $26,000, or a 93 percent discount from what the town paid.
“No one imagined this land would ever be used for anything but farming, but now it’s nice to see the town taking a stand and doing something about it,” said John L. Halsey, the 11th-generation operator of the White Cap Farm on Mecox Bay and the head of Southampton’s Agricultural Advisory Committee (and a distant cousin of the land trust’s president).
The town can afford to buy these additional development rights in part because of the resurgent real estate market. In 1998, the Peconic Bay Region Community Preservation Fund was created to buy farmland, historic landmarks or wetlands, financed by a 2 percent transfer tax on property sales in eastern Suffolk County. This year, Ms. Throne-Holst said, she expected the fund for Southampton alone to top $50 million; even during the down years it was earning about $20 million annually.
Of the 34,000 acres of farmland in Suffolk County, only 12,000 have been protected so far, although on the South Fork, only about 1,000 acres remain unprotected, the land trust estimates. The amount of protected land that is fallow is unknown.
The real estate community is sanguine about the prospect of renewed competition from the town.
“There are some buyers who might be dissuaded from a property because it abuts a working farm or they really want some massive acreage, but I think for most people coming to the Hamptons, that is what draws them here in the first place,” said Tim Davis, the Corcoran agent who brokered the sale of the Noyac Path parcels.
The property was originally listed for $10.8 million, and the town had to beat out half a dozen developers for it in a sealed bid.
“It could have fit 14, 15 homes,” Mr. Davis said. “This way, my other properties become more valuable for it. And we get to keep the farms.”
Copyright © 2014 The New York Times Company. Reprinted with Permission. Nicole Bengiveno/The New York Times.

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Peconic Land Trust and town of Southampton protect 33 acres of farmland in Water Mill, NY

8/5/2014 – Peconic Land Trust
Featuring Tim Davis’ sale to the Peconic Land Trust in Water Mill

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Southampton imposes new rules to preserve farmland
8/5/2014 – Newsday
Featuring Tim Davis’ sale of the Peconic Land Trust, Water Mill, The Hamptons:

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Milestone Collaborative Purchase Ensures Future Local Farming
8/5/2014 – Patch.com
Featuring Tim Davis’ sale of the Peconic Land Trust, Water Mill, The Hamptons:

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Vanderbilt Heiress’ Revamped Hamptons Home Wants $28M
8/4/2014 – Curbed
Featuring Tim Davis’ Ox Pasture Road listing in Southampton, The Hamptons

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Vanderbilt heiress’ Hamptons estate asking $28M
8/4/2014 – The Real Deal
Featuring Tim Davis’ Ox Pasture Road listing, Southampton, The Hamptons:

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America’s Most Expensive Homes For Sale Right Now
8/4/2014 – Forbes
Featuring Gabriella Dufwa & Soli Mehta’s townhouse listing at 12 East 69th Street, Upper East Side, Manhattan; and Tim Davis’ Villa Maria listing in Water Mill, The Hamptons

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Hamptons home owned by a Vanderbilt asks $28M
8/3/2014 – The Real Deal
Featuring Tim Davis’ listing on Ox Pasture Road, Southampton

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Consuelo Vanderbilt Balsan’s Hamptons Home Lists for $28 Million
8/1/2014 – The Wall Street Journal
Featuring Tim Davis’ listing on Ox Pasture Road, Southampton, The Hamptons

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Southampton’s Wooldon Manor Sells Again…This Time for More Than $80 Million
7/25/2014 – Dan’s Papers
Featuring Tim Davis’ Wooldon Manor sale

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Experts Talk Opulent Vs. Minimalist Design
7/25/2014 – Hamptons Magazine
Featuring East End agent Tim Davis

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Hamptons Home Sales Rise as Buyers Find More Inventory
7/24/2014 – Bloomberg
Featuring the Q2 East End Corcoran Report, Tim Davis and his two-time Wooldon Manor sale, and Susan Breitenbach and her Kellis Pond sale, Bridgehampton

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Wooldon Manor On Southampton’s Gin Lane Is Sold Again
7/21/2014 – Southampton Press
Featuring Tim Davis’ sale at 16 Gin Lane, Southampton, The Hamptons

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Hamptons Estate Sells in Two Deals Totaling More Than $80 Million
7/18/2014 – The Wall Street Journal
Featuring Tim Davis’ Wooldon Manor sale

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At Home with Tim Davis: The Hamptons Luxury Market Leader
7/18/2014 – Hamptons Magazine
“I am not simply representing a home, this is an important investment and lifestyle choice for my clients. 100% client satisfaction is the ranking I strive for and cementing lifetime relationships that go beyond any list.” – Tim Davis
Hamptons Magazine: You were just ranked by The Wall Street Journal as the #4 Real Estate Professional in volume in the United States. How does it feel?
Tim Davis: It was quite an accomplishment and actually feels pretty good. My immediate focus is on understanding the luxury market and that requires my constant vigilance. I am not simply representing a home, this is an important investment and lifestyle choice for my clients. 100% client satisfaction is the ranking I strive for and cementing lifetime relationships that go beyond any list.
HM: How did you become a true power broker?
TD: I have always believed in a strong work ethic. From the beginning of my career 33 years ago, I viewed each transaction and opportunity as a future stepping-stone and building block. I am probably the only career agent in the market.
HM: The homes you sell are exceptional properties. What do you learn about these listings that successfully draw in high-figure deals time and again?
TD: Buyers will pay the highest price for a home or property in the most prime locations. They will sacrifice the structure for the sake of a great parcel of land or a particular waterfront or oceanfront setting.
HM: You have an impressive roster of listings, what do you look for when representing a property?
TD: For me there needs to be some element of singular quality, whether it is location, architecture, or style. A 30 room mansion in the estate section obviously has a different appeal than let’s say a pristine Sagaponack beach house. In some ways, they both represent the breadth of our inventory and the worldwide appeal to this real estate market.
HM: Any notable sale? Estates or clients who you enjoyed working with the most?
TD: I have had the privilege of working with some of the most important and influential individuals in business, finance, and the entertainment industry. Very often, these transactions are handled quietly and confidentially. A current notable transaction was my very recent sale of Wooldon Manor on Gin Lane for a second time in 6 months. This is record breaking even for my own career.
HM: What is a typical “day in the life” for you?
TD: My day starts early and each one is different. It is one of the things that are so incredibly enjoyable about this business. Each day is new and presents fresh challenges and opportunities. I’m a big believer in being available to my clients and customers, so I’m often checking emails and messages early in the morning till late in the evening.
HM: As a native of the Hamptons, would you ever consider working elsewhere, or do you consider this your home turf, your domain?
TD: I love living here, It has been a uniquely wonderful place to raise my family. On top of that, I am fortunate to be able to work in one of the most vibrant stable markets in the world, moments from my doorstep. We are a luxury brand, providing services to buyers and sellers from around the globe, My client list is both national and international, this is because we offer them an invaluable understanding of the Hamptons luxury real estate market. I live and breathe the business, and along with my family, it’s the fabric of my life.
HM: On a different note, what is your favorite local meal?
TD: There are so many. I would recommend trying the wood oven roasted chicken at Nick and Toni’s, as one.

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Southampton mansion Wooldon Manor sells for $80 million
7/17/2014 – Newsday
Featuring Tim Davis’ Wooldon Manor sale

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Hedge-Funder Flips His Historic Southampton Estate For $80 Million
7/17/2014 – BusinessInsider.com
Featuring Tim Davis’ two-time Wooldon Manor sale

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Deeds & Don’ts: Waterfront Gems in Sag Harbor, Southampton Village and East Hampton
7/15/2014 – Hamptons Cottages & Gardens
Featuring Tim Davis, Zachary Vichinsky & Cody Vichinsky’s listing at 436 Gin Lane, Southampton, The Hamptons

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Mike Olson Says Waterfront Homes Still Best Sellers
7/11/2014 – Hamptons Magazine
Featuring East End agent Tim Davis, and his sales

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The Lay of the Land: Privet Hedge Dinner
7/1/2014 – AVENUE
Power plays in the Hamptons real estate market came together at the Sebonack Gold Club to toast the industry’s best, at the inaugural awards ceremony hosted by Manhattan Media and publishers of Dan’s Papers, AVENUE and AVENUE at the Beach.
1. Michael Gross 2. Hara Kang, James Keogh and Justin Agnello 3. Deborah Loeffler 4. D. Herman 5. Tim Davis, Susan Breitenbach and Paul Brennan 6. Aaron Curti 7. Gary DePersia & Judge Edward Burke 8. Tresa Hall 9. Judi Desiderio and Nancy McGann

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The Deals (and Big Dealer) of The Year
7/1/2014 – AVENUE
“It was a big deal to have a local map at that time” Timothy Davis says of his earliest days as a real estate broker on Long Island’s East End, when its back-road shortcuts were still a local secret. What is now arguably the most exposed summer community on the planet was terra incognita to the then-junior college student, even though he’d grown up in nearby Mastic Beach and his fiancée hailed from Hampton Bays. “I didn’t know the territory a bit” Davis admits.
He’s come a short distance, but a long way.
A broker in Corcoran’s Southampton office, Davis has just had the best year any broker has ever had in the Hamptons. In his 33rd season in real estate, he not only made $430 million worth of deals but attached his name to four of the East End’s nine biggest transactions of 2013. Those were the sales of Wooldon Manor, a 14.5-acre great estate in that town’s Gin Lane, for $75 million; 408 First Neck Lane on Lake Agawam, for $28 million; and 1260 and 1900 Meadow Lane, the former homes of Snapple’s late founder Arnold Greenberg, sold for $25 million, and the late financier Ted Forstmann, sold for $24 million.
That set of deals was more than enough to win Davis the first-ever Big Deal Broker honor at the inaugural Privet Hedge Awards dinner held in May at Southampton’s Sebonack Golf Club. (The awards were treated by Manhattan Media, which publishes AVENUE, AVENUE on the Beach and Dan’s Papers.
Davis could conceivably qualify for the same prize next year.
Wooldon Manor is already back on the market, with an asking price of $98 million.
Not long ago, that price figure, if achieved, would have been a record-setter. But just before the launch of the current summer season, the Further Lane estate of the late investment advisor Christopher Browne was quietly sold to a controversial hedge-fund runner for a jaw-dropping $147 million, the most expensive sale of a private residence in American history. That particular purchase, by JANA Partners founder Barry Rosenstein, was significant for another reason: Like the third and fourth biggest sales of 2013, it was reportedly completed without the payment of a brokerage commission. And in journalistic calculations, three instances is a certified trend.
When I asked Lester Weindling, the real estate investor who sold 29 Spaeth Lane in East Hampton for $32.5 million in August, who’d listed his house, he said, “No, no no.” There was no broker. “There was no listing at all,” he said. Then he admitted using something called “a courtesy broker” for what he described to me as “a deal done among equals.” He added that that’s “what a deal ought to be.”’
Though Rosenstein makes a good part of his living collecting big fees from investors in his hedge fund, he apparently agrees. No commission was paid on his record-setting purchase, either, says someone else who is in a position to know. But, as with Weindling’s sale, and despite published reports to the contrary, a broker was involved.
Rosenstein surely owes that broker big-time, but this columnist – having researched the pugnacious hedgie while writing a book about his Manhattan residence, 15 Central Park West – feels obliged to add that the Hamptons brokerage community might be better off without the business of a man who named one of his funds Piranha and once bragged about making a corporate opponent retch in a negotiation.
Hamptons real estate was a gentler endeavor than it is today when Tim Davis started his career, Davis worked with his mother-in-law in Shinnecock Hills for three years, then joined Southampton’s Agawam Realty, becoming its top broker and office manager and expanding the realty’s reach to East Hampton. After Davis and his wife had a child, he accepted a longstanding offer from the Hamptons brokerage giant, Allan M. Schneider, to join his company. A year and a half later, Davis says, “Allan dies,” and nine months after that, Davis and five colleagues bought the company from Schneider’s estate. They then ran the business for 15 years, as it grew to 12 offices and 350 brokers. Meanwhile, one partner died, one retired and one was fired, culminating in the company’s sale to Corcoran in 2006.
When he first started in real estate, Davis says, “It was a time of high inflation and high interest rates. People would rush to lock in [a mortgage] at 17 percent:’ There were few exclusives; listings were “handwritten with stapled Polaroids”; and “a beach house cost $1 million.” He recalls selling two acres on Meadow Lane for $350,000. Those were the days.
Things had begun changing by the late ’80s, [but] Hamptons home prices were rising; “We still had open space; land was slowly being developed,” Davis remembers. Then came the market crash of 1987, followed by a few difficult years. But by the early ’90s, the real estate market was on the upswing again. At age 32, Davis, the youngest partner at Schneider, scored his first two big deals. He sold Westerly, a 25-room brick Georgian estate in Southampton, for a record $8 million-“a huge deal back then;’ Davis says – to Ronald Perelman’s legal advisor Howard Gittis. (It was later bought by fashion maven Tory Burch for $38.5 million.) Davis also sold the same house on the ocean at 1260 Meadow Lane that he sold again this year; back then, it cost $5 million.
The realtor ultimately managed Corcoran’s Southampton office for four years, but stepped aside after the 2010 season to return to full-time brokerage work. In 2012, he was Corcoran’s second-best East End earner, and at year’s end he wrote down a New Year’s resolution that stated, “I want to be # 1.”
His wish came true last year. Including his record-setters, he was involved in six oceanfront home sales; six deals where the purchase price exceeded $20 million; and “various others for $10 or $15 million. And it all added up,” he says, hastening to add that, “I don’t want to be obnoxious. A lot of people work very hard, but it happened to be a year [for me] when it all came together.”
Indeed, the last year came together well for many. Consider this list of the biggest pre- Rosenstein sales in the Hamptons. Then, wish that at least one of those checks had been made payable to you:
8. 466 Gin Lane, Southampton, was sold for $21,632,455 by Michael and Margaret Naughton. Naughton deflected a request to say where he got that kind of money, describing himself as “kind of an unimportant guy.” So how did he get to Gin Lane? “I got a good deal on it:’ he said. The house last changed hands in 2003, for $11.375 million. The new owners are Neil and Gina Smith. He is a corporate consultant and business book author.
7. (A two-way tie):
39 Fairfield Pond Land, Sagaponack, sold for $24 million. Philip Johnson designed the modernist eight-bedroom house, on 3.6 acres, in 1945, for Eugene and Margaret Farney. Farney was the co-founder of America’s first coin-operated self-service laundry.
1900 Meadow Lane, Southampton, sold for $24 million. It belonged to the estate of the late private equity mogul and noted playboy, Theodore Forstmann.
6. (A three-way tie):
322 Ocean Road, Bridgehampton, a parcel of undeveloped land, was sold for $25 million by Topping Investments LLC. The Toppings are long-time residents of Bridgehampton.
320 Murray Place, Southampton, fetched $25 million. Owned by heirs to the Kulukundis shipping fortune, it was occupied by Michael Kulukundis’ widow Tara Tyson Kulukundis until her husband’s family sought a court order to evict her.
1260 Meadow Lane, Southampton, sold for $25 million.
5. 408 First Neck Lane I Southampton, brought businessman Richard M. Burdge Sr. $28 million, less a commission.
4. 209 Dune Road, Water Mill, was sold for $31 million-with no broker-by Stuart and Marni Hersch. He is the president and CEO of Cantor’ Fitzgerland’s Cantor LifeMarkets, which operates at the crossroads of the finance and insurance industries.
3. 29 Spaeth Lane, East Hampton, brought $32.5 million to seller Lester Weindling.
2. 52 Further Lane, East Hampton, was the year’s most publicized Hamptons sale, because Steven A. Cohen, who spent $62.5 million to buy it, ran SAC Capital, the embattled (and since downsized and renamed) hedge fund at the center of the noisiest insider trading investigation of recent times.
1. Wooldon Manor, 16 Gin Lane, Southampton, sold for $75 million. Vince Camuto, the shoe designer and founder of Nine West, had put the house on the market thinking he’d later sell four adjacent undeveloped parcels. But Scott Bommer, founder of SAB Capital, a hedge fund, wanted it all and agreed to buy it-and most of the furniture in the house, too-after a weekend-long negotiation. “But he’d always wanted East Hampton ocean-front:’ says someone close to Bommer. So he almost immediately bought three properties on prestigious Lily Pond Lane there for a reported $94 million and put the enlarged Southampton estate back on the market, asking $98 million. Even in the Hamptons, one realtor allows, that was a “rather shocking” turnaround. But it was just another day in the life of a big-deal broker.

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Hamptons Estate of Jack Nash to List for $38.5 million
6/27/2014 – The Wall Street Journal
Featuring Tim Davis’ listing on Mecox Bay, Water Mill, The Hamptons

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New York well represented in Real Trends’ top brokers list
6/27/2014 – The Real Deal
Featuring agents Carrie Chiang, Janet Wang, Tim Davis, Susan Breitenbach, and Tamir Shemesh & The Shemesh Team

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House of the Day: Late Hedge Fund Tycoon’s Historic Hamptons Compound Is Selling For $38.5 Million
6/27/2014 – BusinessInsider.com
Featuring Tim Davis’ Water Mill listing

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Luxe listings: New York and Florida
6/11/2014 – New York Post
Featuring Zachary Vichinsky, Tim Davis and Jonathan Davis’ listing at 249 Jobs Lane, Bridgehampton; Robby Browne and Benjamin Gernandt’s listing at 41 West 70th Street, Upper West Side, Manhattan; and Candace Friis‘ listing at 566 Palm Way, Gulf Stream, Palm Beach

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The Priciest Top 10 Ever
6/10/2014 – Unique Homes
Featuring Gabriella Dufwa & Paul Anand’s listing at 12 East 69th Street, Upper East Side; Deborah Grubman & David Dubin’s listing at 1 Beacon Court, 151 East 58th Street, Midtown East, Manhattan; and Tim Davis’ Woolden Manor listing at 16 Gin Lane, Southampton, The Hamptons

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Pricey Hamptons homes shatter records
6/1/2014 – The Real Deal
Featuring Tim Davis and Peter Huffine’s sale at 16 Gin Lane; Don Gleasner and Tim Davis’ sale at 408 First Neck Lane; and Tim Davis’ sale at 1260 Meadow Lane, Southampton: The Hamptons

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The Inside Scoop on East End Real Estate
5/28/2014 – Hamptons Cottages & Gardens
Featuring Tim Davis’ Woolden Manor sale and listing at 16 Gin Lane, Southampton

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Home Tour: A Treehouse-Style Mansion in Sagaponack
5/23/2014 – Hamptons Magazine
Featuring Tim Davis’ listing at 612 Sagg Main, Sagaponack, The Hamptons

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Best of Hamptons Real Estate Honored at Privet Hedge Dinner
5/15/2014 – Dan’s Papers
Featuring East End agents Tim Davis and Susan Breitenbach, honored at the inaugural Privet Hedge Dinner, as well as Corcoran’s Executive Vice President, Director of Sales Teresa Hall

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News 12: Sagaponack’s $26.5M home, and more
5/14/2014 – News 12 Long Island
Featuring Tim Davis’ listing at 612 Sagg Main Street, Sagaponack, The Hamptons

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News 12: 3 Southampton homes with 8-digit asking prices
5/7/2014 – News 12 Long Island
Featuring Tim Davis’ Wooldon Manor, Evan Kulman’s Modern Oceanfront listing, Southampton

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Southampton estate returns to market, for $98 million
4/25/2014 – Newsday
Featuring Tim Davis’ listing at 16 Gin Lane, Southampton, The Hamptons:

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The Hamptons
4/10/2014 – The New York Times

As the spring real estate season revs up to high gear, luxury properties in one of the nation’s most desirable – and 71wst expensive – areas are coming onto the market at ever-higher prices. With inventory low and demand high, homes in the Hamptons are already selling briskly at premium levels, in some cases even beyond the high points before the post-Lehman Brothers market sell-off even at these levels, demand could remain strong into the summer.
“The market is very good right now in the Hamptons for both rentals and for sales,” said Susan Breitenbach, associate broker with The Corcoran Group. “There is a lot of money floating around at the moment, and I can’t foresee anything but a very busy spring and summer here in residential real estate.”
Breitenbach is showing a 7,000-square-foot, Gambrel-styled custom-built home at 461 Ocean Road in Bridgehampton that was built last year on 2.1 acres. On the market for $14,995,000, the new-construction home comes with Michael Reilly custom mahogany windows and doors; covered porches off every room; a finished lower level with a media room; and, outdoors, a fireplace with loggia, lawn and gardens by landscape designer Edmund Hollander. There is also a pitch-and-putt putting green, a sunken stone-walled tennis court, a separate clubhouse with high-tech glass doors and a private gated drive.
The expansive views over the 13.2-acre agricultural reserve adjacent to the property are protected. The reserve and the new home can be purchased together for $29,995,000. “If the buyer wants a true compound, they could build a 12,000-square-foot residence next door on the reserve, use the current home as a guest house with tennis, putting green, pool, pool house, clubhouse – and create a mini-resort,” suggested Breitenbach. “Or they could build a horse farm, a vineyard or an apple orchard. It is difficult to find a 2.1-acre property off Ocean Road in Bridgehampton, and this has the option of even more space if you want it.”
Water Mill is one of the most premier areas south of the highway on Long Island’s south shore – with major properties listing at a range of price points. In Water Mill South, 6 Calf Creek Court is located on 1.25 acres on a dead-end road near an inlet to Mecox Bay, and is not far from Mecox Beach on the Atlantic Ocean. The 10,620-square-foot, seven-bedroom home was designed in and out by developer/designer James Michael Howard, who is renowned in the area for his meticulous designs and furnishings.
This house is being sold completely furnished ¬with rugs and lighting by David Weeks, the modern lighting designer. One lighting fixture alone is $15,000. Most of the furniture in Howard’s homes is custom made for the spaces he designs, and the architecture unduplicated. All the latest technology is built in, with antique French crystal lighting, multiple layers of lacquer, and artwork already installed. One of the living rooms features a bowed ceiling, while the unusual dining room ceiling features an elliptical design adorned with gold tea leaf paper.
Outside, the oversized loggia are designed for al fresco dining on a grand scale, with a massive lawn, heated 55-foot gunite pool with spa and a three-room cabana that includes living room, exercise room and spa bath with massage area. “This is James Michael Howard’s third ground-up construction house in the Hamptons, and still, buyers don’t expect this level of detail and taste,” said Martha Gundersen, associate broker with Brown Harris Stevens. “His architectural detailing and understanding of furniture styling and function are superb, and he has a real understanding of how to mix the classical and modern elements of design. At $11.95 million, this is an excellent price when you consider that the interiors, and even the pillows and sheets, are included. In my opinion, he does it better than anyone else out here: first translating the desires of clients, and then exceeding expectations.”
Water Mill is also home to some ideal beachfront properties. The four-plus-bedroom, three-full-bath beach house at 1341 Flying Point Road sits atop a dune with direct views of the ocean on one side and Mecox Bay on the other. The home is at the eastern end of a peninsula, with only one neighbor in sight. With unpainted wood interiors, an oversize stone fireplace and a gourmet kitchen, the home looks out over an area popular with surfers and parasailers. A unique indoor/ outdoor shower has a sliding wall designed to allow bathers to step from the outside shower into the private bathroom indoors.
This contemporary-style, year-round home, with an optional fifth bedroom that can serve as an office, is on the market for $13,950,000. “All the living spaces have views, and the sun just pours in,” said Lynda Packard, sales agent with Douglas Elliman Real Estate in Southampton. “You’ve got sunrise out of the ocean to the east, and sunset into Mecox Bay on the west. It is so rare to have both. And then with the bay, you can go crabbing, sailing and waterskiing – so the home is ideal for people who love any kind of watersports and the beach.”
Another home on Flying Point Road is a four-acre compound listing for $20,999,000. The estate comprises two separate but adjacent parcels, one with a 14,000-square-foot, eight-bedroom manor home, a 50-by-20-foot pool, and a pool house and outdoor kitchen with bar, all ideal for entertaining. The second site, on the slightly larger 2.l-acre parcel, includes a tennis court with a self-regulating, adjustable Hydro-Court system that maintains optimal moisture at all times, and a three-bedroom, two-and-a-half bathroom guesthouse.
The main shingle-style home, built in 2009 and wired with a Crestron system for lighting, sound and security, also offers a massive finished lower level with screening room, wine cellar, gym with sauna and staff quarters. The land value alone for the guesthouse parcel would be about $5 million. “The entire offering can be a fabulous family compound, or it can be bought separately with the intention of selling the other lot,” suggested Nanette Rosenberg, sales agent with Brown Harris Stevens.
Another Water Mill estate, this one directly on Mecox Bay, was built in 1919 and recently underwent a massive five-year-long restoration. Now comprising 11 bedrooms and 15 bathrooms, the massive structure combines turn-of-the-century splendor, complete with grand entertaining rooms, with the latest 21st century technology installed by a team of designers and architects, who replaced just about everything inside, from the plumbing, heating and air conditioning to the electrical connections. They finished the third floor and lower level, added a garage and built an atrium dining room in the southeast wing. There are now three dining spaces: a formal dining room, an informal dining room and a breakfast room. Landscape architect Edmund Hollander was brought in to restore the gardens and add layers of evergreen landscape for privacy.
The main event of the 22,000-square-foot under-taking, which includes the renovated carriage house and separate gatehouse for the asking price of $49.5 million, was the restoration of the three-story spiral staircase in the entrance foyer. “The transformation is completely done now, and that is the key,” said Tim Davis, associate broker with The Corcoran Group. “50 many buyers today want to move in without any work – whether it is new construction or a renovation. Here, they know the owner hired a highly regarded architect and builder, who were involved for many years, to make this home great again. To have this kind of water frontage of over 1,000 feet with a dock and a guest house and a pool – which does not block the natural water views – is special.”
Situated on 8.4 pastoral acres located a mile from the beach on the Sagaponack/Wainscott border, 55 Town Line Road is a new-construction, eight-bedroom modern farmhouse with two master suites. Amenities include a north/south-facing sunken Har-Tru tennis court (no sun in the eyes), a resort-style 80-foot pool and spa, and an artfully designed Balinese-style pool house with a covered open-air lounge. The home also offers a wine cellar/tasting room, fitness studio, steam room and a state-of-the-art screening room. The third floor entertaining terrace is accessible via elevator and, with its own kitchenette and outdoor speakers, is ideal for cocktails or a glass of wine.
The property is on the market for $22,950,000.
“There are no neighbors to the south, east and west (the neighbor is to the north, where the driveway is), so the views will never be obstructed,” said Lilly Schonwald de la Motte, sales agent with The Corcoran Group. “One other cool element is the polycarbonate, German-made pool cover, which is translucent – and motorized. It is backlit, and very dramatic looking year round. To have this much land in a south-of-the-highway location is a coup for any buyer. The house is also recently – and meticulously – built with tennis and pool house, and the combination of the land, new construction and sophisticated design fits well into the Sagaponack farm house vernacular.”
For classic Hamptons, 180 Great Plains Road in Southampton Village is in the heart of Southampton’s estate section on the corner of Coopers Neck Lane. The sub-dividable, eight-acre, six-bedroom property, currently on the market for the first time in more than 60 years, can be reached after driving the long driveway. The house is located on the site of the original Villa Mille Fiore, modeled in 1910 after the Villa Medici in Rome, and torn down in the early 1960s.
Either parcel – the 4.4 acre or the 3.5 acre – could stand alone. “The carriage house is on the larger 4.4¬acre lot, and includes a pool and a pool house. Then, on the smaller lot is a tennis court, a garage and two cottages from the early 1900s. For the $36 million price you get the complete package, the carriage house, two cottages, tennis, pool – everything,” said Michaela Keszler, associate broker with Douglas Elliman Real Estate. “Or you could keep a cottage as a guesthouse – and then build your dream house on either of the two lots – or just sell the other lot. Buying a property that has been in one family for more than a half century makes it a very rare find – and you couldn’t find a more ideal location so close to the beach and Southampton Village.”
32 Middle Lane in East Hampton South is a classic 5.5-acre estate that is on the market for $35.5 million. Located within walking distance of the venerable Maidstone Club, the 8,268-square-foot, six-bedroom traditional trophy home, designed by architect Amayar Embry II in 1931, features a pool, pond and acres of sprawling lawn, mature landscaping and specimen trees, including a giant copper beech as a centerpiece, that lead to a guesthouse. The buyer will be only the third owner of this home in 81 years.
“With the prices going the way they are going, the price is very reasonable,” said Paul Brennan, Hampton’s regional manager for Douglas Elliman Real Estate. “The market for prime luxury homes is strong at a time when there is not a lot of inventory, and land is selling at a premium. Vacant land sales and new houses are driving the market higher and higher – even for an older house like this one, where the 5.5 acres alone would be worth around $20 million. In the Hamptons, new buyers often knock down houses that are only 10 or even five years old, and you have to be an old house aficionado to renovate. In any case, the land is extraordinary. That is what you fall in love with.”
Copyright © 2014 The New York Times Company. Reprinted with Permission.

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The Most Expensive House in the Hamptons — and the Cheapest!
4/6/2014 – Patch.com
Featuring Tim Davis’ 16 Gin Lane Estate listing

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Hot Properties: What will $550K get you in the Hamptons for the summer?
4/3/2014 – Fox Business
Featuring Tim Davis’ listing at 515 Parsonage Lane, Sagaponack, The Hamptons, as seen on “Money with Melissa Francis” and “After The Bell”

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Hot Properties: Outrageous summer rentals: What you get for $550K
4/3/2014 – Fox Business
Featuring Tim Davis’ listing at 515 Parsonage Lane, Sagaponack, The Hamptons, as seen on “After The Bell”

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Hot Properties: The high-end kitchen of a $12.9M Hamptons home
4/3/2014 – Fox Business
Featuring Tim Davis’ listing at 515 Parsonage Lane, Sagaponack, The Hamptons, as seen on “The Willis Report”

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High hopes in the Hamptons: East End market warms up
3/24/2014 – The Real Deal
Featuring East End agent Susan Breitenbach as well as Tim Davis’ sale & listing at 16 Gin Lane, Southampton

Print article

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Private Properties: Hedge Fund Magnate Makes Second Big Hamptons Buy for $93.9 Million
3/21/2014 – The Wall Street Journal
Featuring Tim Davis’ listing and surrounding properties at 16 Gin Lane, Southampton
Photos

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Take the Rich Cribs quiz: What home is priciest?
3/5/2014 – Newsday
Featuring Tim Davis’ Meadow Lane listing, Southampton

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‘Power Brokers’: Tips From The Top
3/1/2014 – Southampton Press
Featuring Corcoran’s President and CEO Pamela Liebman, Executive Vice President, Director of Sales Tresa Hall, and agents Lilly de la Motte (Rookie of the Year), as well as Tim Davis and Peter Huffine’s closing at 16 Gin Lane

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Properties of the Month: Exquisite Captain’s Neck Lane
3/1/2014 – AVENUE
EXQUISITE CAPTAIN’S NECK LANE
This wonderful top-quality traditional residence, with over 7,000 square feet of interior space boasts beautiful living areas throughout There are four finished levels, with a total of seven bedrooms and six-and-a-half baths. Included is a generous master suite with private sun deck and sitting room The third-floor playroom and lower-level game room allow for enjoying rainy summer days indoors; so too does the very large enclosed screen porch. Outside you will find a beautiful swimming pool 50 feet in length adjacent to the pool house. Exclusive. $6,375,000. Contact Tim Davis @ 631.283.7300 x211.

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Corcoran’s East End Award Ceremony
2/19/2014 – Brokers Weekly
Left to Right: Corcoran president and CEO Pamela Liebman; Tim Davis, Corcoran Southampton agent; executive vice president of Sales, Tresa Hall.
The Corcoran Group held its annual East End awards ceremony, celebrating the achievements of the region’s top performing agents in 2013. The event was held at The Southampton Social Club in Southampton, N.Y. Awarding the individual honors were Corcoran president and CEO, Pamela Liebman, and executive vice president of sales, Tresa Hall. Nine East End agents were named to Corcoran’s President’s Council, Corcoran’s highest honor which recognizes the firm’s top performers. They were Susan Breitenbach (inset left) of the Bridgehampton office; Tim Davis of Southampton, Gary DePersia, Bryan Midlam and Michael Schultz of East Hampton; Arlene Reckson of Amagansett; Mala Sander of Sag Harbor and the Cee Scott Brown and Jack Pearson Team of Sag Harbor and Bridgehampton, respectively. Tim Davis was also named Top East End Agent, Highest Rental Price achieved in 2013 and co-winner of Top Deal, South Fork with co-listing agent and fellow Corcoran Southampton agent Peter Huffine. The 2013 Top Deal of the South Fork was the sale of Wooldon Manor in Southampton, which closed in December for an East End record of $75 million. Tim also brought the buyer to the property.

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Now’s the time to snag that Hamptons summer rental
2/13/2014 – New York Post
Featuring East End Executive Managing Director Ernie Cervi and agent Tim Davis, as well as Summer Rental listings for agents Gina Surerus & Hally Dinkel on Shelter Island ($17K), Marcella O’Callaghan in Southampton ($275K), and Bonita DeWolf in Amagansett ($495K).

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The Ten Biggest Hamptons Sales of 2013
2/12/2014 – Curbed
Featuring Tim Davis and Peter Huffine’s Woolden Manor sale and Tim Davis & Linda Nasta’s sale at 1900 Meadow Lane, Southampton

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Hamptons House: Make Mine New
2/9/2014 – The New York Times

The view from Sagg Main Street in Sagaponack, N.Y., captures the Hamptons generally: new houses going up, often in place of old ones. One veteran builder estimates that “90 percent of buyers prefer new.” Adam Macchia for The New York Times
In the Hamptons, where million-dollar vacation homes are snapped up like flea-market finds and $10 million spec homes are in such high demand that their developers could moonlight as fortunetellers were they not so busy building more, buying new has become not only the fashion but the first choice. Buying vintage tends to spawn repair and renovation headaches; choosing turnkey promises convenience and five-star amenities.
To find appropriate settings for new construction, tearing down an old house, far from being vilified, is standard operating procedure as land grows ever scarcer and more expensive.
From Westhampton to Montauk, buyers (and renters, too, especially those willing to write a six-figure check for a summer spot) are on the same attitudinal and aspirational wavelength: new is better, more sustainable, and infinitely richer in amenities than old.
“The demand is absolutely there,” said Enzo Morabito, a broker at Douglas Elliman Real Estate, “and builders are hitting buyers’ sweet spots at a variety of price points in a variety of locations. This is like Disneyland: people don’t come out here to make their lives more complicated. They come out to relax, and buying turnkey is part of that. Some even buy the house already furnished. People want the whole package.”
Occasionally, picky buyers commission a custom-built retreat on the site of a teardown. “You’re seeing teardowns, not necessarily of the golden oldies, but of the ranches from the ‘60s and ‘70s on half-acre or acre lots now worth far more than the homes that sit on them,” said Anthony DeVivio, a managing director of Halstead Property. “And what’s being built in their place is making the landscape more interesting.”
If trees and vegetation succumb in the knockdown process, no worries: that’s for the landscapers to remedy.
“Teardowns are being snatched up by developers with a build-and-beautify mind-set,” said Aspasia G. Comnas, an executive managing director of Brown Harris Stevens. “In the second-home market, most buyers are not interested in doing any work; they just want to bring their toothbrush and move in. The opportunity to buy something brand-new has caused a shift in the low-to-middle range where people are valuing structure over location.”
The look of the homes is evolving as well: modern is making a comeback, but modern in the guise of barnlike. “The modern barn is the Hamptons equivalent of the TriBeCa loft,” Ms. Comnas said.
Traditionally, the most desirable territory was south of Montauk Highway, where the ocean is. But the line of demarcation has blurred, and properties north of the highway have become desirable because buyers a bigger bang for their big bucks.
“Buyers spending $4 million to $6 million, and sometimes even less,” said Zachary Vichinsky of the Corcoran Group, “are demanding the same amenities you get in a $20 million house.”
The nexus of the Hamptons McMansion production line, the Farrell Building Company, currently has 30 spec homes in various stages of construction, mostly in the $3 million to $10 million range, and mostly in Amagansett and Bridgehampton. Mr. Farrell said he scaled down the grandeur of his spec properties “after the meltdown in 2009, when everything in the Hamptons came to a standstill.”
“I’d say 90 percent of buyers prefer new,” added Mr. Farrell, whose footprint includes Farrell Court in Water Mill, “and right now we’re selling three new houses a month. When the finance guys on Wall Street get the feeling that interest rates are going to go up, they swarm in and buy. There is an unbelievable appetite for homes in this price range. It’s like the difference between a $150,000 Bentley and the $350,000 Bentley: both are great, but 15 times as many people are able to buy the cheaper car.”
According to the latest Elliman market report for the fourth quarter of 2013, the average Hamptons sales price was $1.57 million, the average price of luxury properties $7.1 million. At the upper end of that spectrum, buyers seem willing to spend freely for land, new construction and the removal of past-their-shelf-date houses.
“The 2014 Hamptons market appears to be shaping up to see continued stability in prices, more new development, but not quite enough additional inventory to satisfy demand,” said Jonathan J. Miller, the president of the real estate appraisal firm Miller Samuel, who prepared the report. “Wall Street had a little better year compensation-wise, and that figures to play into keeping demand steady.”
This old-looking new East Hampton house that Michele and Thomas Bass rented for two years while house-hunting turned out to be The One. Adam Macchia for The New York Times
The political provocateur Bill O’Reilly of Fox News encountered no raised eyebrows when he recently paid $7.65 million for a musty Montauk bungalow on a prime 1.5 acre oceanfront bluff only to immediately tear it down (the house, not the bluff); Mr. Farrell was retained to fashion a pristine replacement.
Seven to eight million dollars per acre is the going price for oceanfront property in hipster-and-surfer-approved Montauk, formerly the funky final frontier of the Hamptons. The sales volume there rose 60 percent last year, according to a report by Judi Desiderio, the chief executive of Town & Country Real Estate, the brokerage that had the listing Mr. O’Reilly bought.
“There’s nowhere left to go, we’re the end of the island, and we’re in with the in-crowd,” said Nancy Keeshan of John Keeshan Real Estate, one of Montauk’s oldest firms. “It’s like their grandparents bought in Southampton, their parents in East Hampton, and now the 30-something generation with the means to buy in the Hamptons is coming out to Montauk and giving it a face-lift.”
According to Ms. Keeshan, fixer-uppers can still be had for $550,000 and up; houses within walking distance of a beach are $1 million to $2 million; and places on the waterfront with 21st-century amenities start at $3 million, $9 million on the ocean.
Irene O’Gara is building her “dream house” just across the street from the ocean in Montauk’s Hither Hills enclave. After Ms. Keeshan showed her every available option under $1 million, the final property, a 0.68-acre lot with two decrepit cottages and an ocean view, won her over. “It was magic,” said Ms. O’Gara, who did not let the $2.5 million asking price dissuade her. She paid around $2.1 million for the lot, had the cottages knocked down after ruling out renovation, and hopes to have the shingle-style compound that will be her primary residence — a four-bedroom main house “with hurricane-impact Marvin windows,” a pool house with spa, and a garage — completed by this summer.
“Clearly the beauty of building new is that it gives one the opportunity to create everything state-of-the-art, keeping energy and environmental concerns front and center,” she said. “I want it to look like it’s always been a part of the Montauk landscape.”
In Southampton Village, another hot spot where new construction can cause a buyer stampede even before the house is finished or listed, the volume of sales increased by 62 percent over 2012, Ms. Desiderio’s report noted, and the total amassed through sales last year was just over $507 million, with the fourth quarter accounting for $167 million. Many houses were new, with seductive extras like theaters, spas, playrooms, outdoor kitchens, elevators and wine cellars, in addition to the usual pool and tennis court.
“The only thing better than the smell of a new car is the smell of a new house,” Ms. Desiderio said. “Just the 1 percent of buyers seems to want old and antique.”
Whitney Casey and her husband, Nav Sooch, who have a home in Austin, Tex., and a 170-year-old SoHo loft as their pied-à-terre, were certain they wanted an authentic Victorian in Southampton village as their summer home. But they changed their minds after doing extensive shopping with Harald Grant of Sotheby’s International Realty. Ceiling height and lack of bathrooms were a concern.
“The Victorians looked quaint from the outside,” Ms. Casey said, “but you’d go inside and find out that not only was there no master bath, but some barely had bathrooms at all. And at six feet tall, I felt like Alice in Wonderland, like I was way too big for the house.”

She was riding her bike on a village lane when she noticed an unfinished gambrel-style farmhouse on a construction site (its incongruous predecessor on the prime 0.4-acre lot was a tiny vinyl-sided cottage). After being taken on an impromptu tour of the seven-bedroom seven-and-a-half-bath house by its builder, Louis Follo, she revised her priorities. The Lutron automated home-technology control system, the pool house, the four fireplaces and the 5,672 square feet of space — gosh, here was a house, priced at $5.7 million, where you could “plug in and play,” as she put it, and not fret about necessary upgrades.
“We’d had all these conditions, like the house couldn’t be big, it had to be old and quaint; basically it couldn’t be everything our house ended up being,” Ms. Casey said. “I was a little worried about telling my husband it had an elevator, but I think what sold him on it was the quality of the construction. And that it made me happy.”
The elevator, which doubles as a dumbwaiter, makes Cowboy, their four-pound Yorkie, happy, too.
Even in Sag Harbor, a former whaling village where owning a house with a quaint facade is for all intents and purposes a mandatory zoning stipulation, buyers want their charm wrapped in a ribbon of redone, according to Terry Cohen of Saunders & Associates.
”I’ve seen the pendulum swing progressively toward new,” she said, ”especially with land prices doubling in some areas. And in an up market, it pays to buy new: Not just the Wall Street types are realizing that this is a good place to park your money. When you see an inland spec house sell for $21 million,” she said, alluding to 79 Parsonage Lane in Sagaponack, built last year by the high-end developer Michael Davis, “it’s a sign that people are willing to go north of the highway if it means finding a super-great house with all the amenities on their playlist.”
Sure, many of these new houses have classic cedar shingles on the outside, but inside they are chic tabernacles of all that is design-forward, indulgent and technologically precocious. The middlebrow bungalows, Capes and ranches of yesteryear are disappearing, victims of the wrecking ball, fast becoming the most popular tool in the builders’ kit. ”Unless a house has really good bones or is grandfathered closer to the ocean than you’re allowed to build today,” Mr. Davis said, “there’s often very little reason to renovate.”
“Teardowns are becoming more common because people want new if they can get it,” said Dottie Herman, the chief executive of Douglas Elliman.
John Gicking, the brokerage manager at the East Hampton outpost of Sotheby’s, put it this way: “New, new, new is overtaking location, location, location. Builders buy a series of contiguous lots and create a neighborhood from scratch using what they know about buyers’ punch-lists — dramatic entries, ground-floor masters, media rooms, fully finished basements — to bring a brand-new product to market at a lower price point, say $2 to $4 million, than the typical estate-like custom home.”
Michele and Thomas Bass spent almost seven years searching for a vacation home in the Hamptons before realizing that the new custom-built five-bedroom house on the fringe of East Hampton village that they had rented through Martha Gundersen of Brown Harris Stevens in 2012 and 2013 was the house for them. “When we made the original decision to buy, we were looking in Amagansett,” Ms. Bass said, “but I couldn’t find anything that was right. We wanted moderate size, and something not so old that we’d have to gut and redo it. But the new construction we saw in the lanes, I felt was inflated or cookie-cutter or both.”
The rental, described in its listing as “The Modern Manor House,” was for sale, list price $4.2 million. Set on a landscaped 0.93-acre lot on a cul-de-sac, it had distinctive features like a grand 19th-century wooden front door, reclaimed beams in the den, reclaimed oak as the base of the 10-foot-long granite kitchen island, a lower-level media room, travertine patios, a heated pool and state-of-the art technology.
“As soon as I walked in, I loved it,” she said. “The windows are super-big, the woodwork is beautiful, and it looks like no other house I’ve seen. It’s off the beaten path, but just 10 minutes from Amagansett and Sag Harbor. And it’s spotless, even the utility room.”
Only when smitten by waterfront properties do buyers tend to rein in their appetite for new construction. “Really, there is nothing truly brand-new on the ocean that I know of,” said Tim Davis, a veteran broker with the Corcoran Group, “with the exception of one listing in Sagaponack. Probably the only scenario where location dictates over the trend of buyers wanting new would be waterfront: Even at the most expensive level, when it comes to buying real estate you always have to make some sort of compromise. Really, home technology is changing so drastically that you can have a home that’s four or five years old and already needs changes to the infrastructure to bring it up to speed.”
“I’m seeing that people prefer new because they want to be the first to use everything in a home,” he continued. “New means instant gratification.”
An Exception
Not every buyer chooses immaculate new construction. The recent sale for $75 million of the 84-year-old Wooldon Manor in coveted Southampton Village set a Hamptons record as the highest for a stand-alone home on a single lot.
The five-acre oceanfront Tudor-style estate is the site of the former Woolworth mansion and was owned most recently by the shoe magnate Vince Camuto. It has eight accompanying acres of pristine property, nine bedrooms, 12 and a half baths, and innumerable bells and whistles, thanks to constant renovations. The initial asking price of $48 million was bumped up to $75 million after the adjoining acreage was added, and the property promptly sold.
Yet like so many recently purchased Hamptons homes, it sits on the site of a teardown: the 50-room Woolworth mansion, circa 1900, razed in 1941 after being deemed too unwieldy and outdated to merit restoration.
The current Wooldon, still impressive at 12,000 square feet, was originally the pool house. It will be a survivor rather than a wrecking-ball victim, said Tim Davis of the Corcoran Group — a listing broker, who also represented the buyers — because the new owners will be stewards of its antiquity, like Mr. Camuto. ROBIN FINN
Copyright © 2014 The New York Times Company. Reprinted with Permission. Adam Macchia/The New York Times.

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The New Rules of the Hamptons
2/7/2014 – The Wall Street Journal
Featuring Manhattan agent Noble Black; East End agent Susan Breitenbach; Debbie Loeffler & Julie Briggs’ listing at 351 Bridge Lane, Sagaponack; and Tim Davis & Peter Huffine’s Wooldon Manor sale, Southampton, The Hamptons

Slideshow

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Plot of Gold
1/13/2014 – Beach
Featuring Tim Davis and Peter Huffine’s sale at 16 Gin Lane, Southampton

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Snap Up This Daniels Lane Traditional for $10.95M
1/8/2014 – Curbed
Featuring Linda Nasta and Tim Davis’ Daniels Lane listing, Sagaponack, The Hamptons

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2013

Party homes on Long Island
12/31/2013 – Newsday
Featuring Tim Davis listing at 515 Parsonage Lane, Sagaponack, The Hamptons

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Vince Camuto’s $75 Million Hamptons Real Estate Record-Breaking Sale
12/23/2013 – Hamptons.com
Featuring Tim Davis sale of Wooldon Manor in Southampton.

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The Most Incredible Homes To Hit The Market In 2013
12/23/2013 – The Business Insider
Featuring Tim Davis and Peter Huffine’s Wooldon Manor sale, Southampton; Frank Castelluccio and Nicholas Hovsepian’s Clock Tower listing at 1 Main Street, DUMBO, Brooklyn; Deborah Grubman and David Dubin’s listing at 151 East 58th Street, Upper East Side, Manhattan; and Gabriella Dufwa and Paul Anand’s townhouse listing at 12 East 69th Street, Upper East Side, Manhattan:

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Vince Camuto’s Southampton Manor Closing Deal for $75 Million – $27 Million over Asking Price!
12/21/2013 – Realty Today
Featuring Tim Davis and Peter Huffine’s sale of Wooldon Manor

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Shoe Designer Vince Camuto In Contract to Sell Southampton Property for $75 Million
12/20/2013 – The Wall Street Journal – Viewed 226 Times
Featuring Tim Davis and Peter Huffine’s listing at Wooldon Manor in Southampton

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Vince Camuto’s Southampton Home Sells For $75 Million, Highest Hamptons Price This Year
12/20/2013 – Forbes
Featuring Tim Davis and Peter Huffine’s sale of Wooldon Manor in Southampton

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HOUSE OF THE DAY: Shoe Tycoon Vince Camuto’s $48 Million Hamptons Estate Sells For $27 Million OVER Its Asking Price
12/20/2013 – The Business Insider
Featuring Tim Davis and Peter Huffine’s sale of Wooldon Manor in Southampton.

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News 12: Big Long Island sales
12/11/2013 – News 12 Long Island
Featuring Tim Davis and Peter Huffine’s Woodon Manor listing in Southampton.

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Vince Camuto’s $48M-plus Southampton home in contract

12/5/2013 – Newsday
Featuring Tim Davis’ and Peter Huffine’s listing Wooldon Manor.

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Beach House
12/1/2013 – Beach
Featuring Gary DePersia and his listings at 110 Gibson Lane, Sagaponack; 31 Two Mile Hollow Road, East Hampton; as well as Tim Davis’ listing on Squabble Lane, Southampton.

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A Historic Hamptons Estate Sells for $28 Million
11/29/2013 – The Wall Street Journal
Featuring Don Gleasner and Tim Davis’ sale of Normandy House in Southampton.

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BROKER SHOWCASE: TIM DAVIS
11/19/13 – Hamptons Real Estate Showcase
Tim Davis boasts an accomplished 33 – year career representing some of the finest properties on the East End. HRES sat down with Tim recently to talk about his love for the area and his many notable sales.
Q: As one of the more seasoned real estate agents in the Hamptons, what is it that sets you apart from the others?
A: As a former owner of the 12 office boutique real estate firm Allan Schneider Associates I was not only deeply involved in my own transactions but that of my colleagues and agents. My experience of 33 years is second to no other agent in the market. Between marketing, negotiating, pricing and strategizing with buyers and sellers. I have the most experience and am considered to be an expert in the marketplace. When a seller or buyer works with me they know that they have access to that invaluable bank of knowledge and a “hands on” understanding of the market.
Q: What do you like to do in the Hamptons…after selling real estate of course?
A: I live on the Peconic Bay so just spending time at my home with family and friends enjoying the view and the watersports is my favorite for down time. Ending the day watching the sunset sitting by the pool is breathtaking. Sunday afternoon lunches with my wife on the porch at the American Hotel is pretty nice too!
Q: What is the most challenging aspect of being a real estate agent for you?
A: Time management is the most challenging part of every day. Managing hundreds of emails, customer and client appointments and then finding some personal time. I did not see much of the golf course this summer.
Q: What is the best advice you can give a 2nd homebuyer when searching for a vacation home in the Hamptons?
A: If you find a home that comes very close to suiting your needs in style, location, land, etc. then buy it. There is no such thing as a perfect house. Make it your own and it becomes a home and everything you need for it to be for your lifestyle
Q: The Hamptons is a unique market, would you agree and why?
A: Our connection to Manhattan and therefore all international markets coupled with the most amazing natural landscape settings and bucolic habitats all surrounded by clean salt waters. Our beaches are amongst the world’s finest with white sand which you can walk on for miles. Our environment is safe, we are multicultural, our villages are charming and each one special with its own personality. There is something here on the East End for everyone.
Q: How would you describe your selling style?
A: Low key and no pressure. I present the facts, the history and the data. The homes I sell are about lifestyle and investment. I do my best to present an education on both so that the customer and client can make an informed decision.
Q: Your son Jonathan joined your team not too long ago… what is like it working with family?
A: I do not have a team and have only ever worked with one assistant. For the last 12 years it has been Kathleen McMahon who is like no other. My son Jonathan joining me this year has created the ability for me to slowly build a wonderful partnership with him in my business. He is eager to learn the ropes and understands that it takes many years to gain knowledge and an understanding of the market. Jonathan brings with him exciting young new energy and ideas. His view on technology and reaching out in a different way to the market is refreshing. I could not be more proud of him or thankful for our time working together. P.S. And he introduced me to Soul Cycle!
Q: Can you tell us about some of your more notable sales?
A: I have had many record sales in the market throughout my career and have been fortunate to have listed and sold many of the most important estate homes and properties on the East End. This year in particular I have been involved in several major transactions including four oceanfront estates sales, one of which sits on 15 acres. This will be the highest sale in the market in Southampton. I am also selling a magnificent home on Lake Agawam on 8.5 acres closing next week. 2013 will end up being a record year in sales for me personally.
Q: What is the most personally satisfying part of your work?
A: When you see the connection between the customer and the home/property particularly when it is my idea for them to see it. Most of what I sell is lifestyle and the reward of being part of these often life changing decisions for a buyer is incredibly rewarding.

Tim Davis
Corcoran Group Real Estate
[email protected]

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Most Expensive Properties in the US
11/15/2013 – Elite Traveler
Featuring Tim Davis and Peter Huffine’s listing in Water Mill, The Hamptons; Jim McCann’s listing at 800 South Ocean Boulevard, Palm Beach; and Julia Cahill’s listing at The Plaza, 1 Central Park South, Manhattan:

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Top 5 Pick of the Week: Nun’s House!
11/14/2013 – Haute Living
Featuring Tim Davis and Peter Huffine’s Mecox Bay waterfront listing in Water Mill, The Hamptons:

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Real estate mogul Karmely lists UES townhouse for $23M
10/21/2013 – The Real Deal
Featuring Tim Davis’ Gardiner Estate listing at 127 Main Street, East Hampton

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Historic Gin Lane Estate Wooldon Manor is in Contract
10/14/2013 – Curbed
Featuring Tim Davis and Peter Huffine’s Southampton Oceanfront listing, The Hamptons:

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Shoe Designer Vince Camuto’s Hamptons Mansion Back on Market for $49.5 Million
10/8/2013 – New York Daily News
Featuring Tim Davis and Peter Huffine’s listing at Villa Maria in Water Mill.

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Nine West Co-Founder Asks $49.5 Million for Hamptons Home
10/4/2013 – The Wall Street Journal
Featuring Tim Davis’ Waterfront listing in Water Mill, The Hamptons:

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On the Market: October 2013
10/1/2013 – Architectural Digest
Featuring Peter Huffine & Tim Davis’ Southampton Oceanfront listing on Gin Lane:

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500 Feet of Private Hamptons Beachfront Wants $45.5M
9/9/2013 – Curbed
Featuring Tim Davis’ Oceanfront listing on Squabble Lane, Southampton

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Why Not Buy Four Acres on Gin Lane for $44.85M?
9/3/2013 – Curbed
Featuring Tim Davis’ contiguous oceanfront listings at 436 Gin Lane and 450 Gin Lane, Southampton, The Hamptons

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Southampton neighbors list homes for combined $45M
9/3/2013 – The Real Deal
Featuring Tim Davis’ contiguous oceanfront listings at 436 Gin Lane and 450 Gin Lane, Southampton, The Hamptons

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A Timeless Trifecta
9/1/2013 – Hamptons Magazine

The living room displays the trademark Norman Jaffe use of exposed stone and wood.
In a key location in Southampton with awe-inspiring water vistas, one lavish Meadow Lane property amazes with a stunning design by an architectural legend.
Some homes have an address that’s the envy of all of Southampton. Others have a location right on the ocean, their back doors opening to the most impossibly wide beaches and breathtaking view of the Atlantic imaginable. Still others are the masterwork of a legendary Hamptons architect, one known for is strikingly sculptural designs that still resonate today. But very few can offer all three. However, the Meadow Lane home, which has hit the market for the first time since its construction 30 years ago, has all three attributes.
By the late 1970s, Bridgehampton-based Norman Jaffe was at the height of his success. A strikingly handsome architect, he eschewed the antiseptic what and gray walls of neo-Cubist modern homes and opted for something different: a West Coast aesthetic rich in wood and stone that had clients beating down his door. (Reportedly, he had to turn down nine of every 10 possible commissions.)
“There was a period where he got a lot more work than Charles Gwathmey or Richard Meier because he offered a seductive, romantic approach to the modern movement,” explains architectural historian Alastair Gordon, author of Romantic Modernist: The Life and Work of Norman Jaffe (The Monacelli Press). “Norman comes along and has these rich, textured walls, and people liked the stone and exposed wood.”
Impressed by his work on the beloved Krieger House in Montauk, two of those fans commissioned Jaffe to create his next great masterwork on a 2.3-acre site just across from Coopers Neck Pond on Meadow Lane. And they weren’t disappointed in Jaffe’s process (on his first visit, he plunked down on the ground and immediately began sketching his vision) or the even more dramatic, finished product.
Nestled comfortably into the dune, the home embraces the natural contours of the property. “Jaffe never forgot where he was,” explains Pat Petrillo, associate broker with Sotheby’s International Realty. “The home just sort of melts into the environment.” When viewed from the beach, the angular roofline almost appears to be hovering above the dune grass, providing privacy from passersby but striking views of the water from the home itself. Step inside, however, and this is no low-slung beach cottage.
“It’s very dramatic,” says Petrillo of the open living room, with its soaring cathedral ceilings and skylight that sends a band of sunlight onto the stone fireplace. “The wood and craftsmanship that went into the house is remarkable. They used California redwood and clear mahogany, and everything is joined beautifully and seamlessly.”
This use of stone and wood – a true Jaffe trademark – is on display in every unique corner of the home (described by Gordon as “sweeping triangular gestures”), from the fireplaces of the reception hall and master bedroom to the teak paneling in the master bath. And it extends outside, where the kitchen opens to an oceanside sundeck. “The combination is timeless,” Petrillo attests. “Whether it’s 1979 or today, people find that combination of wood and stone very attractive and appealing.”
Just as transcendent is the landscaping, with gardens surrounding the southern end of the heated gunite pool that have been cultivated through decades of patience and care. “Thirty years later, everything that has been growing there has been there for some time, so it loves its environment,” says Petrillo of this mixture of shade trees, bayberry bushes, and specialized plants that thrive on the beach.
The property also features a pool house with a full kitchen and stone patio, perfect for sitting on the teak furniture and taking in the gardens. Likewise, a pathway from the southern side of the home leads right to the ocean, a wide swath of naturally protected Southampton beach.
Factor in a location – just steps from the Meadow Club and within easy walking or biking distance of the village proper-and the address is almost as impressive as the home’s legacy. And what a legacy it is. “It’s a historically significant house that holds up really well,” explains Gordon, who befriended Jaffe just before his death in 1993. “It’s also important because there are so few experimental houses in Southampton.”
And although the $24.95 million purchases price comes with a zoning analysis that allows for a building envelope of 21,000 square feet, both Petrillo and Gordon hope and expect the next inhabitants to be Jaffe-lovers intent on maintaining his original vision. “These owners built the house in 1979, and nothing would please them more than if someone who appreciates the house bought it and left the original structure,” says Petrillo. “The person who buys it should absolutely be the person who wants to preserve it,” says Gordon, who points out that its five bedrooms and 5,800 square feet is quite generous for a Jaffe. “If they keep the furniture really simple and let the architecture speak for itself, I think this house is stunning.”
In the neighborhood: Two other Norman Jaffe-designed homes still stand on Meadow Lane: 210, which asked $29.95 million last summer, and another at 2170, on the westernmost stretch of the road, with an asking price of $24 million.
Near and noteworthy: At Sam’s Creek in Bridgehampton Jaffe built a sequence of six low, horizontal homes. each sitting on a one-acre lot and described by The New York Times as “c1oud-like.” (All six have been restored.)

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The House That Calvin Built
8/31/2013 – The New York Times
The House That Calvin Built

Calvin Klein’s soon-to-be-finished beach house on Meadow Lane in Southampton, N.Y., was still bustling with workers on Aug. 24. The property includes a guest wing and a building Mr. Klein plans to use as a screening room. More Photos »
For just $15 a day, Suffolk County residents can drive up in an R.V. and stay at the park at the end of Meadow Lane in Southampton, N.Y., where the views of the Atlantic Ocean on one side and Shinnecock Bay on the other are considered to be among the most spectacular on the East End.
Not surprisingly, Calvin Klein had a slightly more expensive vision of how to be here.
For nearly half a decade, on a 10-acre plot that was once owned by Henry Francis du Pont, Mr. Klein, the fashion designer, has been erecting a minimalist palace the likes of which is seldom seen in an area of increasing architectural homogeneity.
He has done a gut renovation and then a complete demolition of the enormous house that once stood there, been through three different architects in the process of building his new one, scoured the Western world for the best monochromatic furnishings money can buy, and even done extensive work to the dunes so that they are exactly to his liking.
Mr. Klein is hardly the only famous person to have taken up residence on this narrow band of very expensive land. Neighbors include David and Julia Koch and Aby Rosen and Samantha Boardman, as well as the investor Leon Black and the hotelier Ian Schrager.
But it’s Mr. Klein’s house that has been the topic of conversation at recent affairs like Larry Gagosian’s end-of-summer event at the Blue Parrot and Robert Wilson’s benefit at the Watermill Center.
“Every two or three years there’s a house that captures the imagination of the people and the press out there,” said Peggy Siegal, the movie-screenings queen. “This year it’s this one. Am I one of those schmucks biking up and down Meadow Lane to look at the house? Yes. Did I drive up with Julia Koch? Yes. She said: ‘The sign says no trespassing. We’re going to get arrested.’ I said, ‘No, we’re not.’ ”
In Ms. Siegal’s estimation, the house is “drop dead gorgeous.” Certainly it’s a striking home — and one that has cost Mr. Klein about $75 million, including the price of the land, according to two associates. (Mr. Klein declined to comment. “At this time, Calvin really doesn’t want to participate in any editorial on the house,” said Paul Wilmot, a spokesman for Mr. Klein. Mr. Wilmot added that Mr. Klein was “less than pleased” that aerial photographs of his house were going to be published with this article.)
On a recent afternoon, the place was bustling with workers. Two irrigation trucks were parked out front, as were more than a half-dozen other vehicles with signs on them that said things like “I like tattooed girls.”
“All I know is that there are trucks parked illegally and no one bothers them,” said someone who came jogging by (he declined to provide his name).
Moments later, on the upper level of the house, the figure of a wiry man with spiky hair and a white T-shirt was spotted from the road walking through the place. It was clearly Mr. Klein, and friends of his say this comes as little surprise.
As they tell it, he is here six days a week, sometimes for several hours at a time. He talks about the house nonstop. He has personally vetted and approved every floorboard and object inside, even designed much of the furniture himself when he thought there was nothing out there that quite met his exacting design standards.
Now, it is nearly done, and Mr. Klein has more or less moved in.
There are sliding glass doors in every room, so that anywhere he is can essentially become an outdoor space. Rooms are filled with white sofa after white sofa. Danish modern chairs by Poul Kjaerholm are in one of the sitting rooms downstairs. Other vintage pieces by Jean Prouvé and Le Corbusier have arrived.
The infinity pool in front is done, as is a nearby building he plans to use as a screening room. (On the opposite side of the main building is a guest wing that connects to the house via an underground passageway through a basement garage.)
Part of the fascination with the property comes from its unusual provenance. In the first half of the 20th century, it was owned by Henry du Pont, a scion of one of the nation’s wealthiest families. After his death, it was sold by his daughters to Leonard Holzer and his wife Jane.
Jane Holzer, better known as Baby Jane, appeared in Andy Warhol movies and gave many a lavish late-night party for her Factory compatriots there in the ’70s. Mr. Holzer’s finances, however, soon took a beating and he defaulted on the house.
In the ’80s, it was owned by Barry Trupin, a financier who taped a 24-karat gold mezuza to the front door, installed a 20-foot waterfall out back and built an indoor shark tank and a private zoo for burros.
The locals went ballistic, lawsuits were filed, and the master of the house became a virtual pariah, according to Steven Gaines, who wrote about the saga in his book “Philistines at the Hedgerow.”
“It looked like a Disney castle on LSD,” Mr. Gaines said.
By 1992, Mr. Trupin was in a financial quagmire, fighting off allegations of fraud (he later was convicted of tax evasion), and the place was sold to Francesco Galesi, a former director of WorldCom, for $2.3 million.
In 2003, after 10 years of rapidly escalating property values in the Hamptons, Mr. Klein bought the place from Mr. Galesi for just under $30 million. He did a gut renovation of the house and moved in, though friends said they were not surprised when he decided to tear it down and start over.
After all, this is someone who takes his real estate very seriously.
In 2000, Mr. Klein bought a triplex penthouse in the South Tower of the Richard Meier buildings on the West Side Highway in the Village. According to Vanity Fair, one of the first things he did was get in a helicopter with Mr. Meier and fly to where the windows were going to be so he could get an exact idea of his future view.
Then he did extensive work on the apartment, during which time he lived at the Mercer Hotel. When he finally moved into the penthouse and realized it still wasn’t to his liking, he moved back into the Mercer for a second round of renovations.
The first architect hired by Mr. Klein for the house in Southampton was John Pawson, who had collaborated with Mr. Klein on several projects, including the designer’s West Village residence and his flagship store on Madison Avenue. Edwina von Gal, a landscape architect who has worked with clients like Frank Gehry and Richard Serra, was retained to oversee the grounds.
Then, in 2008, Mr. Klein switched from Mr. Pawson to Michael Haverland, who was on the Yale faculty and lives in East Hampton part time. Mr. Haverland and Mr. Klein began meeting two to three times a week and bonded over a love of architects like Mies van der Rohe, Richard Neutra and Joe D’Urso.
With a design concept mapped out — a glass house built in wood, all clean lines and super-edited — the old castle was demolished. In an effort to be as green as possible, the concrete was chopped up and trucks from the village came in and carted it off to be used in road construction. The toilets, sinks, doors and door knobs were donated to nonprofits and salvage yards.
After that, a life-size mock-up of the two-story house was built of plywood on the property. That project was so substantial that it required a building permit from the Village of Southampton and wound up costing approximately $350,000, according to two sources close to Mr. Klein. So that Mr. Klein could get an even better idea of what it was to be like, the furniture he had in mind was created out of foamcore.
Unlike most of the larger Hamptons estates, it would have no front hedge, making it fairly easy for passers-by to view it from the beach or the street.
Mr. Klein thought it was a naturalistic approach that suited the surroundings of the beach and the bay. But when the mock-up was complete, he came to the realization that it wouldn’t even be possible to shower without giving a show to half of Southampton. So Ms. von Gal did something with bayberry to give him cover.
Then, after Mr. Klein made further tweaks to the design of the house, a third architect, Fred Stelle, was brought in to make the last refinements to the concept and execute the construction.
Around three years ago, construction began. As things rolled into high gear, Mr. Rosen, who lives next door, began texting Mr. Klein photos and updates on what was happening on the property whenever he couldn’t be there.
Throughout, Mr. Klein was on the phone with Axel Vervoordt, who owns an antiques and home furnishings store in Antwerp, Belgium. Mr. Vervoordt helped construct custom pieces and gave guidance on the finishings. Mr. Klein also shopped at Wyeth, the SoHo furniture store known for its midcentury modern aesthetic, and received advice from its owner, John Birch.
By the time the project was nearing completion earlier this summer, Mr. Klein and his friends began receiving phone calls asking whether there was to be a housewarming party.
“I think it’s going to change the way we think about houses in the Hamptons,” said Sam Shahid, an old friend of Mr. Klein’s who has worked on many of his most famous ad campaigns. “Like when Charles Gwathmey built his house, and it changed everybody’s idea of what the future was. I can’t wait to see it.” (To date, no party has been scheduled.)
Naturally, some of the area’s residents were a little annoyed that it went on for so long. “I think there’s probably a sense of let’s get it finished strictly because of the traffic,” said Tim Davis, one of the area’s best-known real estate brokers. “The last three or four weeks, it’s been rather congested because they’re trying to get the house installed.”
Still, Mr. Davis said, it was nice to see a different sort of house of this scale go up in the neighborhood.
“It’s rather exciting,” he said. “People have been talking about it for years.”
Copyright © 2013 The New York Times Company. Reprinted with Permission. Doug Kuntz/The New York Times.

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Etats-Unis: Les Hamptons Signe Exterieur de Richesse
8/22/2013 – Paris Match
Featuring East End agent Tim Davis and his oceanfront listing at 16 Gin Lane, Southampton

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At Home with Tim Davis: Purchasing Power
8/16/2013 – Hamptons Magazine
Q: What is the biggest buying opportunity that people are looking for today?
People are looking for value and convenience. The new homes on the market in all price ranges seem to be getting the most play and activity. I advise to look closely at some of the homes built in the last] 0 years in particular as there are some very good values out there. Value can equate to location, amount of land, square footage of a house-and certainly price.
Q: What do you advise purchasers when considering purchasing a home of new construction?
There are a lot of very good builders in the marketplace. Those with history and a good resume should be considered. I always recommend an engineer inspection as part of a deal as a checks and balances for making certain that the house was built to the correct standards.
Q: How do the opportunities for buying differ from various locations?
There is still a greater inventory of properties outside of the village centers and away from the waterfront so there one might expect a greater discount. The location for the most part does dictate therefore “south of the Highway” and proximity to Main Streets and ocean beaches, waterfronts and expansive views remains the most expensive and therefore offers a different appeal than a home that is in the woods which in itself has an appeal if there is several acres of land. There is something for everyone.
Q: Where do the best opportunities lie?
There are opportunities in all price ranges throughout the East End, Shelter Island, and on the North Fork however we are very quickly seeing a turn in the tide to the point that in some of the most prime locations sellers are achieving very good prices. Still for the most part the majority of the sellers in the current inventory are real sellers. The question is whether the seller is a market seller, meaning will they sell to the highest bidder-or a seller who only wants to sell at his or her price. Each one has a different reaction to what is happening with sales activity.
Q: Purchasing a home is great, but is purchasing land and building one’s own home a better option?
When purchasing land one has the opportunity to have exactly what they want. In most cases finding the perfect home requires compromise and this is the case regardless of price. Building takes anywhere from 12 months to 24 months, depending on the scope of the project.
Q: What role does a buyer have in making the opportunity happen?
Buyers have quite a bit of data available to them-transfer information, sales history, graphing trends. One still needs an expert to weed through the data and to then form opinions and act on these opportunities. Up to date sales tracking is important and properties “under contract” also important data. Our market is not a true science in that each property is unique to its location … even like-kind neighboring properties can have different value.
Q: Where do you see the trends going for the fall and the spring, if you can say?
Sales volume is back up and much of the new inventory has been sold off. Don’t get me wrong we still have plenty of inventory however, there is more logic in most instances to pricing. I feel like we are at the early part of an upward trend and prices are starting to increase. I see this time as one where buyers need to step up when they see the right property. It’s there, amongst a good selection more than ever it is certainly a solid and sound investment.

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Top Five Homes For Sale With Water Views in Southampton
8/14/2013 – Dan’s Papers
Featuring Tim Davis’ 5 Acres Oceanfront listing and Jennifer Mahoney’s 75 & 95 Seaweed Road listing in Southampton:

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Corcoran Group’s Tim Davis Talks Market Uptick
8/10/2013 – Hamptons Magazine
Featuring East End agent Tim Davis

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Property View: Matter of Trust
8/9/2013 – Hamptons Magazine
TIM DAVIS OF THE CORCORAN GROUP SEES AN UPTICK IN BUYER CONFIDENCE DURING THE HAMPTONS SUMMER SEASON.
“Buyers are realizing the value of what this market has to offer from a lifestyle perspective. ‘ -TIM DAVIS
Aware of other markets’ pricing, this season’s Hamptons buyers are gaining confidence, according to Tim Davis of The Corcoran Group. “In a lot of ways, the market feels like the way it was back in 2007,” says Davis. “Buyers are realizing the value of what this market has to offer from a lifestyle perspective and from a value standpoint-on a per-square-foot basis.”
Current market prices in locations other than the East End are now influencing interest in Hamptons real estate among New York-based and international buyers. Many, says Davis, have heard of certain apartments in cities such as London priced at approximately $10,000 per square foot, “So there’s a sense of real value in the properties they’re buying here,” he says. “We’re not back to the same numbers, to the same levels [as 2007], but our volume is not far off from what it was. There’s confidence in the market.”
Part of the revitalization is sellers’ realistic pricing. “It’s not simply, ‘I’m going to put my house on the market at some crazy price,'” says Davis. “It has a relation to recent sale transactions. It’s a more vetted marketplace.” 88 Main St., Southampton, 283-7300; corcoran.com

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See Southampton’s Wooldon Manor
8/7/2013 – News 12 Long Island
Featuring Tim Davis and Peter Huffine’s Wooldon Manor listing, Southampton, The Hamptons

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3 Properites with Posh Outdoor Kitchens
8/6/2013 – Hamptons Magazine
Featuring Tim Davis’ Meadow Lane Oceanfront listing in Southampton, The Hamptons

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A Gin Lane Estate Boasts History, Expansive Waterfront
8/2/2013 – Hamptons Magazine
Featuring Tim Davis and his Southampton Oceanfront listing with Peter Huffine, The Hamptons

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At Home with Tim Davis: Why Oceanfront?
8/2/2013 – Hamptons Magazine
Q: You’ve seen so much in your 32 year career Tim and sold many oceanfront homes, who are the buyers of these oceanfront properties?
Interestingly enough these oceanfront homes are selling to the major players in finance but also to an International crowd. It is the appeal of wanting to own “the best” the way one acquires great works of art or vintage cars for example. There is always a resale market for this asset and the audience is worldwide.
Q: Why are people buying on the ocean instead of the estate section? Oceanfront homes and properties have always been considered the most sought after in the market. The land from a per-square foot perspective sells at the highest price. The beaches are pristine and some of the “best in the world’:
That being said there are those, regardless of the cost or price or their financial means, have no interest in living on the ocean. Typically these homes and properties require more annual maintenance.
Q: Where are the most desirable oceanfront locations?
Meadow Lane, Gin Lane, Further Lane and Lily Pond Lane generally achieve the highest prices. The double views of Meadow Lane (ocean and Bay), the original summer colony mansions of Gin Lane, the sweeping lawns and low bluff elevation of Lily Pond and the double dunes of Further Lane all offer something different in terms of light, natural beauty and access to the ocean.
Q: Have you seen a trend of new construction on oceanfront lots?
The cost is so prohibitive that we only see a couple of these listings every few years. There is a big appetite for new construction on the beach and I feel confident that a new home on the right amount of land could sell into the $50m range in South or East Hampton.
Q: After Hurricane Sandy are people less inclined to buy an oceanfront property?
I feel like that storm is far behind us on the East End. Our beaches have replenished and we have shown the resilience of our seashore. The dunes in certain areas that received the most damage have been filled and mounded with fresh sand and in some areas permanent bulkheads and boulders have been built. There is a natural flow of sand which keeps replenishing most of our shoreline.
Q: What style of home is being built currently along the beach?
Traditional, postmodern, contemporary? The great thing about an oceanfront lot is that often you can start with a blank canvas from a design perspective. Typically you know your parameters from a construction and zoning standpoint relative to expansion or development of the site. In many cases the dune height can dictate the style as the roof height and that of your ground floor can drive the process. Seeing the breakers from the main living areas is optimal. The contemporary beach house has certainly been around as the original concept with walls of glass affording the best views. Gambrel style and more traditional enables one to develop living spaces into the eves and second floor in a way that contemporary does not. Either way we are seeing all three of these styles now being built along the coastline with beautiful execution.
Q: So to answer the question “why oceanfront” Tim, in a sentence?
I’d have to say because it’s ownership of the most valuable real estate in a private way that all of the public seeks access to by way of community beaches.

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Shoe Designer Vince Camuto’s Historic Hamptons Estate for Sale
7/30/2013 – HGTV
Featuring Tim Davis and Peter Huffine’s $48M Southampton Oceanfront listing

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Nine West shoe mogul lists Southampton home for $48M
7/23/2013 – The Real Deal
Featuring Peter Huffine and Tim Davis’ Southampton Oceanfront listing, The Hamptons:

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From the Publisher
7/12/2013 Hamptons Magazine
Featuring agent Tim Davis at the Parrish Art Museum Spring Fling.

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Hamptons A-List: Real Estate and Hoteliers
7/1/2013 – AVENUE
Featuring East End agents Matt Breitenbach, Susan Breitenbach, Tim Davis, Gary DePersia, Mala Sander & Michael Schultz.
THE SUMMER IS BEST SPENT away from the hustle bustle and sweltering heat of the city. This oasis of an alternate world offers open air, ocean breezes and sprawling green lawns. But that’s just the start of it: With the city-dwellers’ annual migration to the Hamptons comes a slew of South Fork social events. All of New York’s power players are represented: the tycoons, the financiers, the fashionistas, the media giants, the philanthropists and so on. There are the Blue Book perennials, in their grand old houses, who have grown up in the Hamptons and whose kids are growing up in the Hamptons. Then there are always some fresh faces looking to make their mark-sweeping up notable properties, carting in a team of decorators and aiming to establish the next can’t-miss party of the season. New or old, New Yorker or transplant, the names that you need to know this summer are listed here. You can take the people out of New York, but you can’t take the “New York” out of the people. Here, for your reading plea¬sure, is the East End who’s-who: because who lives where, who is throwing what party, who is going to what party or not going to what party matters! So get acquainted with the A-List.

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At Home with Tim Davis
6/16/2013 – Hamptons Magazine
Summer. The word alone brings so much to mind – thoughts of days at the beach, nonstop sunshine, and warm weather. It’s a time when our spirit gets renewed, and there’s no better place for that to happen than in the Hamptons. Tim Davis knows this all too well. As an East End native, Davis knows the value this community holds, both for its quality of life and for its investment potential. His thirty three years in real estate (with personal sales and listing transactions into the billions) have made Davis the resident expert in Hamptons’ properties, a title he can lay claim to in more ways than one.
KNOWING THE TERRITORY
As an owner of Allan Schneider Real Estate, the celebrated Hamptons firm founded by its charismatic namesake, Davis built his career on dedication and hard work. In 2006, along with two other partners, Davis sold the firm to NRT / Corcoran. “It was the right time to sell;’ he says. After experiencing both recent downturns in the early Nineties and 2008/2009- Davis is well aware of the intrinsic value that the Hamptons market holds-and its ability to maintain it ‘survive, thrive and grow’. Now here we are five years later and the market is back and very strong.
In addition to being a principal at Schneider and part of the Corcoran Management team for four years post-closing with NRT, Davis was always a top selling broker. “That speaks volumes when coming to someone like me looking for representation-whether you’re buying or selling;’ he notes. ‘I’ve been through the ups and downs of this marketplace and have the longevity:’ What Davis possesses too that others do not is knowledge. ‘I’ve been through many different stages of the development of the East End over 30 plus years and have the ability to speak on it very well.’ Longevity means he’s also had to evolve with the change in technology. Davis always responds to the needs of clients-before the day starts or after it ends. “I am available and responsive, that’s the kind of broker you have to be in this environment.’ His clients and customers find this particularly helpful especially when the market is so active as it is today.
A SENSE OF PLACE, SENSE OF SECURITY
Anyone who summers here knows that the Hamptons is more than just a place to vacation. It’s a lifestyle, and buying a home here is an investment in that. Luckily, ours is not as speculative as other markets; the beautiful farms, clean air, security and proximity to New York City are its safety nets, not to mention a cultural infrastructure that continues to grow tremendously for example, the new Parrish Art Museum in Water Mill designed by the International architectural firm Herzog and de Meuron is spectacular.
Summer has arrived as it always does and Davis has already seen many who have returned to enjoy all that the Hamptons has to offer. This season however is filled with many new homeowners and new renters. People looking to take advantage of all that the East End has to offer. Davis states, “and we are seeing the transactions-every week that are supporting the stability and the value of this market.” “Buyers securing deals in time for the season and closing in record time.”

STANDING OUT IN THE CROWD
Typically the business Davis has done over the years has been at the high end-“it’s just been my focus:’ He has, however; dealt with clients at all levels, and his reach hasn’t been confined merely to Southampton. “I’ve done business within all of the East End towns, from Quoque to Montauk. I’ve also listed and sold several important properties on Shelter Island:’ Davis is also acutely aware of the need for confidentiality in his dealings with every client-as well as the need to market their properties in the right way. “I’ve been fortunate to have the opportunity of working with many wonderful people in my career at the same time providing a valuable service” he states. Point in fact is that his list of clientele (many remaining anonymous) and others, seeking the level of exposure he provides with marketing venues. “I provide a specialized marketing program second to none,” he says. “With marketing venues exclusive to me and my clients,” not only does Davis create comprehensive literature for most of his higher end properties, he even maintains his own website – www.timdavishamptons.com. “For the clientele I deal with, you need to have a marketing plan which is far reaching and specialized.”
TIMELESS APPEAL
Needless to say, Davis is hugely involved in his community: he sits on the Board of Trustees for The Parrish Art Museum, is a Trustee of Have a Heart Community, and supports numerous other charities as well, such as the Nature Conservancy, SYS, The Peconic Bay Keeper; The Southampton Fresh Air Home, The Peconic Land Trust and Southampton Hospital. He is also a founding director of the Hamptons and North Fork Realtor Association (HANFRA).
What, in your opinion, makes our market different from all others in the country-or the world, for that matter? “Our market has maintained a stable environment,” he says with certainty. “We have become a safe haven for those looking to transfer assets from financial markets around the world into hard asset Hamptons real estate”” we are a proven, secure and safe haven from a lifestyle and investment standpoint” After all, a home is often one’s most important asset, as well as the most significant purchase one can make. Davis understands the seriousness of it, and knows that his expertise provides the guiding force that will help buyers find not just a house, but a home.

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The Hamptons 10: A look at the priciest sales of the last 12 months
6/1/2013 – The Real Deal
Featuring Susan Breitenbach & Matt Breitenbach’s sale at 20 Drew Lane, East Hampton; Gary DePersia’s sale at 329 Highland Terrace, Bridgehampton; Tim Davis’ sale at 1360 Meadow Lane, Southampton; and Debbie Loeffler and Julie Briggs’ listing at 351 Bridge Lane, Sagaponack

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The Hamptons’ Billionaire Lane: Where Wall Street’s Richest Retreat For The Summer
5/22/2013 – Forbes
Featuring Tim Davis’ sale on Meadow Lane, Southampton

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The Southampton Home of Ted Forstmann Sells for $24 Million
5/10/2013 – The Wall Street Journal
Featuring Tim Davis and Linda Nasta’s Southampton sale

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Gimme Shelter: Meadow Millions
3/28/2013 – New York Post
Featuring Tim Davis’ listing at 1900 Meadow Lane, Southampton

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Well Before Summer, Hamptons Luxury Real Estate Is Scorching
3/24/2013 – The New York Times

Coopers Beach in Southampton is considered one of the most desirable places in the country to spend the summer.
The emerald hedgerows that are a natural euphemism for Hamptons exclusivity (out here, good hedges, not good fences, make for felicitous neighbors) are hanging tight.
Most of the double-decker dunes that define the East End’s ocean coastline are hanging tight, too. That unfortunately can’t be said for patches of Long Island, Fire Island, New Jersey and Connecticut, where the extraordinary weather events of autumn 2012 transformed undulating beaches and waterfront homes to sodden pancakes. On the South Fork of Long Island, where the array of villages and hamlets includes Southampton, Bridgehampton, Sag Harbor and Montauk, agents and town officials say only one home, owned by the Lauder family and precariously perched at water’s edge in Wainscott, drowned in the maelstrom created by Hurricane Sandy. But erosion is a perennial enemy, and efforts to rebuff it, continual.
Otherwise, it’s back to business bolstering the bulkheads and merchandising the seductive strata of housing stock (from darling shingled cottages to resorts-masquerading-as-mansions), with brokers forecasting yet another pricey summer season. “Nobody really suffers from Hamptons sticker shock anymore,” said Judi Desiderio, the founder of Town and Country Real Estate.
Harald Grant, a senior vice president of Sotheby’s International Realty, has already rented out an oceanfront house in Southampton for $550,000 for the month of August alone and has a stack of 14 contracts and purchase memos on his desk representing pending sales of $4.5 million to $25 million. Not to worry: the most expensive oceanfront property in the Hamptons, on East Hampton’s Lily Pond Lane and co-listed by Tim Davis of the Corcoran Group and Diane Saatchi of Saunders & Associates, is still available for $40 million.
For high-rolling renters, Mr. Grant has a trio of oceanfront rentals in Southampton that can be had for the summer for $400,000, $600,000 or $800,000. Why pay $25 million to buy, and more to maintain, a summer getaway when you can rent and run? Or, for a million or so, you can rent year round.
“But in general what’s different this season,” Mr. Grant said, “is that in the mind of most buyers, less is more, and nobody wants to be the king of the hill and flaunt their wealth the way people were doing before the recession.
“Folks who spent $20,000 for a month’s rental,” he continued, “may be looking to spend $15,000. Folks who could be driving a Rolls-Royce are settling for a Mercedes. People aren’t saying, ‘I have to have it; I’ll pay anything,’ and writing checks on the spot. An owner who says, ‘I want $32 million for my oceanfront house’ probably isn’t going to get it. He’ll get somewhere in the mid-20s.”
But only if the house has a pool, a tennis court and central air-conditioning; just being oceanfront isn’t enough anymore.
Still, abundant deals are to be had for perceptive buyers who don’t require fur vaults, wine caves or home theaters.
“I just sold a wonderful house for $2.9 million in Southampton Village,” Mr. Grant said. “Five bedrooms, five bathrooms and a pool on half an acre. My clients would have liked a tennis court, but instead of spending $5 million, they scaled back a bit and they’re happy and comfortable with that decision.”
Mr. Davis, of Corcoran, found a $1.75 million mini-estate on 1.7 acres near Little Peconic Bay in Southampton for Barry LePatner, a Manhattan lawyer, and his wife, Marla Tomazin, an image consultant, after they told him they were looking for a private spot with year-round proximity to the city and great curb appeal. “We wanted to find a house that made us happy and excited to see it every time we pulled into the driveway,” Mr. LePatner said.
It wasn’t an easy search, until Mr. Davis remembered a house he had listed a few years back at what he thought was an exorbitant price. It hadn’t sold, and he no longer had the listing. But when he approached the owners, who were eager to retire to Florida, they were open to an offer.
“We loved the house the minute we saw it,” Mr. LePatner said. “It had great trees, a great big garden, a pool, and I never imagined I’d be able to buy a second home with a tennis court.” (He plays.)
“The icing on the cake,” he continued, “was that we got a 15-year fixed mortgage at 2.8 percent, and on Jan. 9 we closed. The timing was just right — maybe if you bought out here in 2006 you made a big mistake and paid too much, but Tim assured us there was no way we’d lose out buying at this price in a rising market.”
In a departure from years past, Ms. Desiderio said, 6 of the 10 most expensive Hamptons homes to sell in 2012 were inland. There, the pastoral and pristine prevailed. But for a few extra leaves in the swimming pool, the landlocked housing stock survived the meteorological dramas of last fall mostly unscathed.
And prices are in fine fettle, same as those trademark hedges. Quarterly reports indicate that they are not only intact, but even embarking on a growth spurt. Properties under $1.4 million in turnkey condition are, said Caroline Sarraf of Brown Harris Stevens, “flying off the shelves, especially if they’re within walking distance of the villages. Younger buyers all want something that’s ‘done’ and doesn’t need any work.
“Waterfront properties,” she continued, “are always sought-after, but it’s probably safe to say that waterfront with elevation is becoming more important. Maybe that’s the new value that’s priceless.”

An oceanfront house with a pool and a tennis court on coveted Meadow Lane in Southampton is on the market for $28.5 million. [Tim Davis, Web ID 34794]

Steve Cohen and his partner recently traded $1.275 million for a colonial-style walk-to-village house in East Hampton.
There is even opportunity for water-lovers who aren’t billionaires. The oceanfront sales listings at the Corcoran Group start at $249,000 (a co-op in Westhampton).
“Prices have not gone down in the first two months of this year,” said Ernest Cervi, an executive managing director of Corcoran, “and the median price of our rentals actually increased 21 percent over this same time last year.”
This being the Hamptons, and the clientele being a tad demanding, properties that aren’t technically in the supply chain are also in play. “People are always looking to buy things that aren’t available,” Mr. Cervi said. “I just reviewed the paperwork on the sale of a waterfront home in Water Mill that hadn’t even been listed for sale. But when somebody wants to give you $11.5 million in the middle of the winter, sometimes you listen.”
According to John Gicking, a vice president and brokerage manager of Sotheby’s East Hampton office, “The luxury property sales, which to us means $10 million and over, went up 60 percent in the last year, and we’re also seeing a lot of private sales, where we’re asked to market properties quietly and make discreet inquiries.
“Of the top 20 sales,” he said, “all properties costing $15 million or more, Sotheby’s participated in 11 sales and privately brokered 4 that totaled $79 million.
“Value was the word of the year for 2012,” Mr. Gicking added. “The smart money watched and waited patiently for a correctly priced home, and among prime properties in the most desirable areas, we’ve seen bidding wars continuing into 2013, a clear indicator that, after a few turbulent years, buyers are confident about jumping back into the Hamptons market again.”
Throwbacks to giddier seasons, bidding wars have erupted on both the rental and sales fronts. In East Hampton Village, a regal oldie priced at $24.5 million sold for $25.75 million, no water views included, unless one counts the pool. In Montauk, a $35,000 summer rental inspired a bidding war among clients of Rosehip Partners that was ultimately resolved at $38,500.
“Montauk is scorching hot, already 95 percent rented,” said James Young, a principal of Rosehip, a brokerage that also operates HamptonsRentals.com, which offers season-long rentals ranging from $17,000 to $95,000. Last summer, Rosehip set a company record with a $375,000 oceanfront Montauk rental.
Paul Brennan, of Douglas Elliman Real Estate’s Bridgehampton office, agreed that Montauk is the cutting-edge destination of an increasingly wealthy, and youthful, subset of Hamptons habitués. “We’ve already done 10 Montauk deals from this office,” he said, “because people are coming out, looking around, and migrating out there because they see it as the last bastion of the way it was in the old days before everything was gentrified and Ralph Lauren-ed out. Montauk is definitely percolating. Luckily for folks who like it the way it is, the land is 70 percent reserve.”
So it won’t become a second Sagaponack, the no-man’s-land of potato fields that morphed into an elite pumpkin patch of hedge-fund managers’ McMansions.
“I can count 10 spec houses priced at $15 million or more sitting there waiting to be sold,” Mr. Brennan said of Sagaponack, which also has the region’s most expensive non-oceanfront property: a 33-acre estate on Sagg Pond that belongs to Robert Hurst, a former Goldman Sachs executive. It went on the market in June and at last glance was still asking $65 million.
“When I started out in this business three decades ago,” Ms. Desiderio said, “you couldn’t give the dirt away in Sagaponack south. It was flat, barren land, not one green twig. Now it’s a lushly landscaped, beautiful area, but it’s an area where prices inexcusably doubled between 2005 and 2007, loaded up with Bear Stearns and Lehman dice. Then the bottom fell out.”
Christopher Peluso, a developer who has built houses on speculation in the $8 million to $12 million bracket in Water Mill, Southampton and Bridgehampton, has carved out his own niche in the marketplace by offering fully furnished properties. “Everything that gets built out here sells eventually,” he said, adding that buyers are sophisticated and quick to spot flaws.

For Marla Tomazin and Barry LePatner, a house in Southampton with a pool and a tennis court was love at first sight. They closed on the 1.7-acre property late last year, paying $1.75 million.
“These trophy properties are a personal statement for them,” he said, “but one thing they all want, even with a traditional shingled exterior, is modern amenities. They don’t want to feel like they’re at their grandmother’s beach house. They want bright, modern and airy. They want the space to flow for entertaining. They want every bedroom to have an en-suite bath. Shared bathrooms have gone the way of the dodo-bird; no one shares a bathroom in the Hamptons unless they’re under the age of 3. Amenities that used to be considered upgrades, now everybody wants them.”
The record price for a house remains the $60 million paid in 2008 for 108 Gin Lane in Southampton, but not every buyer operates on an elastic budget.
Back on less rarefied ground, Ms. Desiderio said, most transactions in 2012 occurred in the $500,000-to-$999,000 range, where shared baths occasionally apply. “There were 542 recorded sales, more than any other price category.”
Still, median home prices in Amagansett, another spot where 2013 summer rentals are already scarce, rose 22 percent to $1.8 million last year. And East Hampton Village raised the bar in every category. It accounted for 6 of the 10 most expensive sales, had an average sale price of $3 million, and was home to 10 of the 33 sales recorded in the $10 million-and-over range. It exudes the quintessence of desirability. So snagging a deal in or near the village can be cause for euphoria.
Steve Cohen and his partner, who share an Upper West Side apartment with their 2-year-old daughter and a dog, had convinced themselves they wanted a charming century-old Hamptons fixer-upper. But after spending most of last year looking for the right place at the right price — $1.5 million or less — they wound up buying a 1986 colonial on the fringes of East Hampton Village that they had seen and rejected at the beginning of their search.
“When we first saw this home we were in and out in like two minutes,” acknowledged Mr. Cohen, a broker with the Corcoran Group in New York City. “It was yellow, it was blah, wasn’t an antique, wasn’t for us.
“But,” he continued, “after a year of being educated as to what else was out there, we realized we’d totally misjudged it: here was a house with great bones in a great neighborhood within walking distance of the playground and the village, and almost unbelievably, the price had been reduced. It’s like it was waiting for us; it was meant to be.”
They paid $1.275 million, closed on Dec. 24, and are in the midst of renovations. “We feel like we got in before the market took off again,” Mr. Cohen said.
They have a good excuse for feeling that way: in early March, they received a call from their home’s listing broker, Ms. Saatchi of Saunders & Associates. She had received an offer on their house for considerably more than they had paid, and asked if they were interested in selling. Negative. They’re busy moving in and making it their own.
“For years,” Ms. Saatchi said, “time was on the buyers’ side. They would look and look and from one visit to the next, prices would go down and inventory up. Now, waiting is starting to mean higher prices and fewer choices. As in the city, we’re running out of prime inventory.”
As for the perpetually picturesque waterfront, buyers with $20 million to spend are showing no post-Sandy qualms about securing the totemic Hamptons trophy: a south-of-the-highway oceanfront estate with all the trimmings of a five-star resort. But the Montauk Highway is losing its traditional role as the great divider. Alec Baldwin and Paul McCartney could live anywhere in Amagansett, said Arlene Reckson, a broker with Corcoran’s Amagansett office, but both settled north of the highway. “The action is brisk right now on both sides of the highway,” she said. “People want to buy now and be in for the summer. This quarter is a barometer for the way the rest of the year is going to go.”
The next time the sales market heats up, she predicted, will be at summer’s end: “It will happen in September, when nobody wants to leave.”
Go Find Your Flippers
The real estate, and dunes, on Fire Island qualified for a post-mortem in the wake of Hurricane Sandy. Besides the dozen or so homes swept into the sea, nearly 1,600 sustained significant damage — by wind or saltwater or a combination. The Army Corps of Engineers, which so far has five demolition permits for homes too ravaged to repair, is handling the removal of tons of debris.
“There are no dunes on Fire Island, none,” said James Mallott, the mayor of Ocean Beach Village, at a meeting for Fire Island homeowners in Manhattan in November. An official from the Town of Brookhaven confirmed that roughly 15 homes on its tax rolls had been destroyed and 150 severely damaged.
It was estimated that 8 out of 10 oceanfront homes on the barrier island were affected. If the Army Corps proceeds with a controversial plan to rebuild the dune line slightly north of the previous line, some oceanfront houses may have to be torn down.
Mayor Robert Cox of Saltaire said his village had already repaired docks and bolstered the oceanside dunes to prevent further damage, and expected to be ready for summer; he added that Saltaire opposed any relocation of the dune line even though it would affect just one home there.
Agents said the storm had a minor impact on rentals: “Probably 75 percent of our rentals for the following season are completed in August,” said Jon Wilner, the owner of Properties of the Pines. “Sales are good and rentals are strong. The Pines was not badly hit. The worst of it, I think, was one oceanfront home that lost its pool and deck. To lose a dozen or so houses to the ocean on an island with miles of oceanfront is traumatic, yes, but certainly not catastrophic.”
An infusion of sand and money is coming to the Hamptons, which also expect displaced vacationers from the Jersey Shore, Connecticut and elsewhere. The Town of East Hampton requested an additional $20 million in federal funds to replenish Montauk beaches, and the Town of Southampton earmarked $24 million for beach restoration. It is crucial, said East Hampton’s town supervisor, William J. Wilkinson, that the beaches be ready. “This year more than any other,” he said, “the beaches in Montauk are everything to the economic engine not only of the hamlet of Montauk, but the entire town.”
Copyright © 2013 The New York Times Company. Reprinted with Permission. Kirsten Luce/The New York Times.

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Southampton’s Linden Estate Returns to the Market Asking $45 Million
3/12/2013 – Realty Today
Featuring Tim Davis and Felicitas Kohl’s listing at 160 Ox Pasture Road, Southampton, The Hamptons

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HOUSE OF THE DAY: Insane Southampton Estate Returns To Market For $45 Million
3/11/2013 – The Business Insider
Featuring Tim Davis and Felicitas Kohl’s listing at 160 Ox Pasture Road, Southampton, The Hamptons

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Residential Sales Around the Region
3/3/2013 – The New York Times
Southampton . . . . . . . . . . . . . . . . . . $9.95 million
354 South Main Street
127-year-old wood Queen Anne; wraparound front porch, breakfast area, office, 7 fireplaces, leaded glass, staff wing, terrace, original detail, heated pool, tennis court, 1.49-acre lot; taxes $31,415; listed at $11 million. Broker: [Patricia Garrity with Tim Davis] Corcoran Group.
Copyright © 2013 The New York Times Company. Reprinted with Permission.

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Agency News: The Corcoran Group
3/1/2013 – 27 East
Featuring Corcoran’s annual Hamptons Awards Ceremony and our award winners

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Corcoran awards its top producers
2/28/2013 – Real Estate Weekly
Featuring Corcoran’s 2012 Hamptons Awards Ceremony and our award winners

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Corcoran Group Announces Top Agents At Award Dinner At The Tuscan House In Southampton
2/26/2013 – Dan’s Papers
Featuring Corcoran’s 2012 Hamptons Awards Ceremony and our award winners

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Top 5 Homes in Southampton Under $10 Million
1/30/2013 – Dan’s Papers
Featuring Tim Davis and Carol Mayo’s listing at 437 North Sea Mecox Road, Southampton

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Top 5 Homes for Sale in Bridgehampton Under $5 Million
1/23/2013 – Dan’s Papers
Featuring Ruth Stritehoff’s listing at 411 Mitchells Lane, Matthew Breitenbach & Susan Breitenbach’s listings on Jobs Lane & 15 Kellis Way, and Tim Davis’ listing at 9 & 11 Kellis Way

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Off the waterfront: Landlocked homes dominate priciest Hamptons deals of 2012
1/22/2013 – The Real Deal
Featuring Marcella O’Callaghan’s sale at 322 Meadow Lane, Southampton and Tim Davis’ sale at 174 Further Lane, East Hampton

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Luncheon at the American Hotel, Sag Harbor
1/18/2013 – Dan’s Papers
Featuring Hamptons agent Tim Davis (far right) at the “Have a Hearty Community Trust” luncheon.

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2012

The Top Five Largest Real Estate Deals For 2012 In The Hamptons
12/26/2012 – Dan’s Papers
Featuring Tim Davis’ sales at 174 Further Lane, East Hampton & 171 Great Plains Road, Southampton.

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Hamptons mansion sales spike ahead of possible jump in tax rates
12/5/2012 – New York Daily News

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Luxury Outlooks
12/1/2012 – Hamptons Magazine
Whether oceanfront or bay-side, East End properties in the $20 million range host divine views.
55 Parsonage Pond Road, Sagaponack This shingle-style, 12,000-square-foot estate features solar-cooled terraces, a Victoria Hagan-designed interior, a six- to eight-car garage, and 20-foot ceilings in the living room. “The ceiling heights and details with views out to the: pond are breathtaking,” says listing agent Tim Davis. Listed for $19.95 million; The Corcoran Group, 88 Main St., Southampton, 283-7300; corcoran.com

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The Hamptons: 2012 Goes Out With A Bang
12/1/2012 – New York Cottages & Gardens
IF YOU DIDN’T SEE ANY of your friends in real estate last August, it was because they were spending more time in their Range Rovers ferrying around customers than sunning on the beach. “August is typically a dead time, and people don’t want to waste their final month of the season looking at properties,” says John McHugh, vice president and associate broker with Sotheby’s International Realty. “But this past August was very busy, which led to a lot of activity and closings during the fall.”
According to the Long Island Real Estate Report, 2012’s top transactions occurred during the first four months of the year, ranging from the sale of 322 Meadow Lane in Southampton for $28.5 million to 171 Great Plains Road, also in Southampton, for $24 million.
Corcoran senior vice president Tim Davis personally handled ten sales over $10 million in 2012. “We started to set new pricing at the high end this year,” he reports, “and we had buyers waiting in the wings and sellers more realistic about selling,” though many sellers still held out for bigger deals. Davis is also on track to claim the top transaction of the year: His listing at 160 Ox Pasture Road in Southampton Village, which has an asking price of $49 million, is in contract-and it’s not even on the ocean. Designed by Grosvenor Atterbury in 1915, the 18,000-square-foot mansion was renovated to perfection by former Esprit executive Juergen Friedrich, who reportedly paid $8.5 million for the property pre-renovation in 2002. It sits on nine acres and features 12 bedrooms, indoor and outdoor pools and a tennis court, and an illuminated fountain.
In the past year international buyers from Asia, Russia, and South America have become serious competition for the hedge funders who typically seek our premium Hamptons properties. “You’re seeing $80 million-plus transactions in New York City, and those people have no problem buying second or third homes here,” says McHugh. “Once you buy your 10,000-square-foot duplex in the sky, you’ll want a weekend place where you can enjoy the beach.”
Instant gratification is still the name of the game, and turnkey properties and new construction are in demand. Consider the recent Saunders sale of luxury property developer Jay Bialsky’s 260 Jobs Lane for $23.15 million, pre-completion Bialsky spared no expense on the choice two-and-a-half-acre Mecox Bay parcel with tennis, pool, and private dock. Coming up next year are two more Bialsky projects (all have been listed with Saunders’s Terry Cohen): a 7,690-square-foot traditional on three acres in Sagaponack for just under $22 million and an 8,000-square-foot barn-style contemporary in Bridgehampton, already in contract for just under $12 million.
Not that it matters all that much at the high end, but anyone who borrows money to buy a Hamptons dream home is benefiting from the historically low interest rates. Davis just did a deal on a $2 million property whose buyer was able to finance at an adjustable 2.5 percent. “Even if you’re paying a little bit more than you want to,” he says, “you can borrow at such a low rate that you can afford to pay more. Buyers have incredible borrowing power right now.”

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Heard & Scene
11/21/2012 – Brokers Weekly
Corcoran brokers were out in force for the grand opening of the New Parrish Art Museum (left) which has moved from Southampton Village. Founded in 1898, the Museum opened the doors of its new, 34,400 s/f Herzog & de Meuron-designed building on November 12. The new Parrish includes 12,200 s/f of exhibition space – three times that of the Museum’s former home on Jobs Lane in Southampton. Seven sky-lit galleries devoted to the permanent collection showcase the story of America’s most enduring and influential artists’ colony – Eastern Long Island. Pictured inset is Corcoran’s Tim Davis.

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Robert Lion Gardiner’s $26.5 Million Hamptons Estate
11/13/2012 – Haute Living
The late Robert Lion Gardiner’s 10,000-square-foot estate in East Hampton Village is on the market for $26.5 million. The 5.5-acre estate, which was completed in the 1930s, features 10 bedrooms and 8 baths.
When Gardiner passed away in 2004, the property was sold to a developer for $8.55 million. Subsequently, extensive renovations were made at the property, including the addition of funky modern art and neon pool lighting, all for a new price of $26.5 million. With expansive grounds, classical hedges and old-growth trees, this property evokes the glamour of another era. The property was originally built by the firm Wyeth and King.
The Corcoran Group has the listing.

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Gimme Shelter: Sighting
11/1/2012 – New York Post
Corcoran Group broker Tim Davis at London’s Luxury Property Show, where a villa in the south of France is selling for 74 million euros.

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Southampton Village’s Most Expensive Real Estate Listings
10/15/2012 – Patch.com
Normandy House, First Neck Lane, Southampton Village. Credit Corcoran Real Estate
Some of the most expensive real estate listings in Southampton Village check in at 10 times the amount an average zip code may see. But as most people know, Southampton Village isn’t the average real estate market. Take a look at the top five listings on the market at the moment.
Linden Estate
•Asking price: $49,000,000
•Bed/bath: 12/12(+ 3 halfs)
•Listing agencies: Corcoran, Brown Harris Stevens
•More: This estate owned by billionaire Esprit founder Jurgen Friedrich reportedly went into contract over the summer, though the listing remains online.
Normandy House
•Asking price: $35,000,000
•Bed/bath: 6/7.5
•Listing agency: Corcoran
•More: Built over 80 years ago, this mansion measuring nearly 8,000 square feet on 8.4 acres overlooks Lake Agawam and the Atlantic Ocean.
1900 Meadow Ln.
•Asking price: $31,000,000
•Bed/bath: 6/6.5
•Listing agency: Corcoran
•More: This estate of the late private equity manager Teddy Fortsmann sits on five acres on Meadow Lane, between the Shinnecock Bay and Atlantic Ocean.

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Invited: Author’s Night Celebration
8/31/2012 – Hamptons Magazine
Hamptons magazine celebrated cover star Ali Wentworth with an Insiders’ Dinner at the home of Michael Braverman after Author’s Night at East Hampton Library. The evening’s guest list included authors Emma McLaughlin, Nicola Kraus, Jennifer Gilbert, Robert Klein, Scott Annan, and Stewart F. Lane. Attendees dined on fare from Elegant Affairs and sipped drinks from Ciroc as well as wines from Barrymore Wines and Wilson Daniels. Brunello Cucinelli provided special gifts for guests, and each table featured a message in a bottle courtesy of Dorado Beach, a Ritz-Carlton.Reserve. Guests were treated to a viewing of a stunning Aston Martin Vantage.

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Invited: Ricky Lauren Book Launch
8/24/2012 – Hamptons Magazine
Hamptons hosted a star-studded event to celebrate cover star Ricky Lauren’s new book, The Hamptons: Food, Family, and History at the Ralph Lauren East Hampton store. Guests toasted the author with Ciroc cocktails and Whispering Angel rose and enjoyed fare prepared by Elegant Affairs and inspired by recipes from Lauren’s book. Noteworthy attendees included family members Ralph and Dylan Lauren as well as Bruce Weber, Andy Cohen, Hilaria and Alec Baldwin, and Russell Simmons.

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In Hamptons, Privacy Is Always Welcome
8/16/2012 – The Wall Street Journal
The pool area of the Southampton home of Carol and Anthony Mayo.
Forget high fences, large gates or security patrols. Most privacy-seeking homeowners in the Hamptons stick to nuanced, natural approaches: large estate layouts, long driveways, green landscaping and hidden locations.
Judi Desiderio, chief executive of Town & Country Real Estate who has been working in the Hamptons for 31 years, said while there is always a market for a “sleek modern home,” she estimates two-thirds of the houses being built are more traditional—with privacy one of the top priorities.
“Whether you’re on a half acre or 10 acres, people who come out and purchase homes here don’t care to know what their neighbors are having for dinner,” she said.
Landscaping is a common strategy for keeping wandering eyes out, she said, and over the years it has gotten more creative. People are “framing their properties with different vegetation, so [the trees] don’t look like a bunch of soldiers.”
Pamela and Michael Jacobus bought their house in Amagansett in 1978, and after a renovation in 1997 that saw the addition of a second floor, they replaced an old wooden fence with a row of arborvitae trees. Now the trees are 40 feet high, and the property is also shielded from view by a bamboo hedge, privet hedge and 30-foot-high rhododendron trees. Their four-bedroom, 3½-bathroom house is nestled in the dunes, 50 feet from the street below, and is on the market for $2.5 million with Brown Harris Stevens.
Using landscaping for privacy has an environmental aspect, says Mr. Jacobus, 67 years old. “Everybody would like a natural environment where they can enjoy the landscaping and gardens without seeing a neighbor’s house or road,” he says.
Large walls require special permits to build in Hamptons hamlets, and as a result, they are not common, says Ernie Cervi, an executive managing director for Corcoran Group, who has lived in the Hamptons for 12 years. The “green barrier” trend is a popular alternative because “people do prefer greenery to gates—it gives you a good screening and it is green all year. It’s the first thing they do” when they buy, he says.
Another popular strategy is the layout of so-called “flag lots” with a long driveway that leads to a property set back from the road, like a flag waving from a pole. The flag lot and estate layout of a home in Water Mill was a major draw for Jonathan Spier, 51, as he craved privacy and separation from a “bombardment of people and noise” in Manhattan, where he ran a clothing company.
Mr. Spier bought his nearly six-acre property in 2004. Seeking “quiet time,” he instead found that the property—with segmented areas for a swimming pool, tennis court and reflecting pond—was so good for entertaining that he frequently had guests. The eight-bedroom, 7½-bathroom property is on the market for $3.999 million with Prudential Douglas Elliman.
Carol Mayo, 74, was less than thrilled about leaving behind the buzz of New York. But when her attorney husband Anthony, 76, decided to open a car dealership in Southampton in the mid-1970s, she figured she might as well commit full-bore. “I told him, if he’s going to make me live out here full-time, I want to feel like I live in the country.”
Tall hedges felt too much like “suburbia” to her, so after searching for four years, she and her husband found a property a short drive from the Village of Southampton. It abuts 65 acres of conservation land to the west that provided additional privacy. Their 10-acre property, which includes two ponds and a 5,500-square-foot Colonial, is for sale for $9.75 million with Corcoran. Additional buildable land, for a total of 22-acres, can be purchased for $18.5 million.
Sticking with traditional styles and estate designs might reflect changes in the attitudes of homeowners.
Ms. Desiderio says the financial crisis has been a “reality check” for homeowners. Ten years ago, Hampton properties were being built to flip for a profit, she says. “Today’s buyer is in it for the long haul,’ she says.

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House of the Day: Country Living in Southampton
8/16/2012 – The Wall Street Journal
Price: $9,750,000
Location: Southampton, NY
Type of Home: Detached Home
Looking for an alternative to oversized, ‘suburban’ mansions, the owners of this Colonial home in Southampton, N.Y., put a premium on open spaces and easy living.
Anthony Mayo, 76 years old, and his wife Carol, 74, purchased this Colonial-style home in Southampton, N.Y., in 1981, Ms. Mayo said. She declined to state the purchase price. The couple decided to leave New York City around 1976, when Mr. Mayo, an attorney, decided to pull up stakes and start a car dealership in the Hamptons.
The couple first moved with their three children to a home in the Village of Southampton, but the property wasn’t Ms. Mayo’s style. The estate section of the village, as it’s sometimes called, with its 12-foot hedges, felt too much like ‘suburbia,’ she said. So she made her case to Mr. Mayo: ‘I told him, if he’s going to make me live out here full-time, I want to feel like I live in the country.’ After a four-year search, Mr. Mayo bought this 1913 home that abuts 65 acres of conservation land.
The main residence, a 5,500-square-foot Colonial-style home, instantly appealed to Ms. Mayo, she said. It wasn’t like some of the newer houses popping up in the area. ‘Today the homes are so big. I keep going, ‘Who’s using all the bathrooms?’ Ms. Mayo joked. The living room is pictured above.
‘It’s just a beautiful old Colonial house,’ Ms. Mayo said. A built-in bar in the living room is pictured above.
Some of Ms. Mayo’s fondest memories of the home involve using the 22-acre property for family activities. When they first moved in, the couple’s young children made full use of the land, with hobbies that included remote-control model airplanes and skating on a frozen pond. For a number of years, a tenant farmer used about 10 acres of the grounds.
As the children moved out and the Mayos got older, ‘Now we’re just maintaining it as a lawn,’ Ms. Mayo said of the property, which is a large part of the reason why they’re selling. The horse stables on the property are shown here.
The dining room, with fireplace, is pictured….
The main residence includes six bedrooms, four full bathrooms and one half bath. A third-floor bedroom is pictured….
The property also includes a pool house and pool area.
There are covered porches on both sides of the home, where Ms. Mayo has spent a lot of her time. She said it’s not uncommon to spot turkeys, deer and other wildlife wandering the grounds.
Ms. Mayo, who is also one of the real-estate agents listing the property, said the home will require some upgrades by today’s standards. The home and all the outbuildings, encompassing about 10 acres, are listed for $9.75 million. For the home and a total of 22 acres, including buildable land, the price is $18.5 million. Ms. Mayo and Tim Davis of Corcoran Group have the listing.

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The 10 Priciest Sales Of The Year In The Hamptons
8/15/2012 – Dan’s Papers
Photo 1 – 174 Further Lane (East Hampton)
Photo 2 – 171 Great Plains Road (Southampton)
As everyone knows, the summer is the biggest time of year for the Hamptons, and as it comes to a close so do sales on some of the most priciest homes of the year. We have collected a list of the Top 10 Priciest homes sold in the Hamptons this year, so enjoy!
2. $28 million: 174 Further Lane (East Hampton), bought/sold by private parties represented by Corcoran agent Tim Davis in March. This dreamy oceanfront Hamptons hideaway is like having a vacation spot all your own. With 3.5 acres of secluded property, private access to the beach, lush greenery, oceanside lawns, upper and lower decks, and some of the East End’s most spectacular ocean and dune views, you can’t help but revel in relaxation and enjoy nature’s beauty all around. You and your guests can also lounge by the heated ocean-side Infinity Edge swimming pool or play a game of tennis on the tucked away north/south court. How rare an opportunity to own a uniquely special beach house in an ocean resort setting! Located off a long private drive on legendary Further Lane in East Hampton, the 7-bedroom, 8.5-bath contemporary home with an attractive maintenance-free stucco exterior was originally built in 1997 by Wright & Co Construction and brought to life by James Merrell Architects. The home and terraced landscape was recently re-styled by world renowned designers Fox Nahem Design.
4. $24 million: 171 Great Plains Road (Southampton), Sold to an anonymous buyer by Corcoran agent Tim Davis who represented Sellers Robin and John Pickett, Jr. back in March. Inspired by the allée of 200 year old beech trees on this 4.5 acre estate parcel the current owners embarked on a three year planning and building process with renowned architect Francis Fleetwood. The result is a stunningly beautiful country home built to the highest quality in design and construction. Nearly 17,000 sq. ft. and offering the finest of everything, executed to within an inch of perfection, this wonderful residence is now available for sale to the discriminating buyer.
6. $18.5 million: 329 Highland Terrace (Bridgehampton) Corcoran’s Gary DePersia and Brown Harris Stevens’ Martha Gunderson had the co-exclusive on this spec house that was sold in May to an anonymous buyer. This is a Single-Family Home located at 329 Highland Terrace, Bridgehampton NY. 329 Highland Ter has 3 beds, 2 baths, and approximately 12,949 square feet. The property has a lot size of 2.53 acres and was built in 1994. The average list price for similar homes for sale is $2,360,000 and the average sales price for similar recently sold homes is $2,450,000. 329 Highland Ter is in the 11932 ZIP code in Bridgehampton, NY. The average list price for ZIP code 11932 is $5,872,501.
8. $15.1 million: 200 Bay Lane (Water Mill), sale closed in April to anonymous buyers and sellers represented by Susan Breitenbach and Peter Huffine of Corcoran and Sotheby’s. Sweeping water vistas and gentle bay breezes define your experience from this newly built custom home in Water Mill South. Incorporating all of the latest technology, modern amenities and sophisticated systems, this luxurious 10,500+/- sq. ft. classic shingled residence features 7 bedrooms, 10 baths, formal living and dining rooms, library with hand bleached white oak paneled walls, elaborate chef’s kitchen and many other beautifully detailed spaces. The finished lower level has an additional 3,350+/- sq. ft. and includes a theater, gym, sauna, wine room and large playroom. The property accommodates garaged parking for 5 cars; 3 in the main residence and 2 in the stylish carriage house. The grounds designed by Edmund Hollander include mature plantings, a pool pavilion with kitchen and bath, 22′ x 52′ pool with separate spa and gated pathways leading to a dock on Mecox Bay.

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From the Publisher
8/3/2012 – Hamptons Magazine
At the Forstemann Estate with Tim Davis for an elegant cocktail party.

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Haute Property: Old World Charm
8/3/2012 – Hamptons Magazine
DISCOVER A HIDDEN SLICE OF EUROPE IN THE AGRICULTURAL RESERVES OF WATER MILL.
Compared to the other villages on the East End, Water Mill is a late bloomer. True, it was founded by colonists in 1644, but it took the boom of the 1980s for many of the homes in this hamlet to be constructed. Unfortunately, that is often too easy to tell. But there is one home in Water Mill that eschews the cookie-cutter Hamptons style for an Old World charm. “It’s a wonderful balance to al the overstated gambrel houses,” says Beate Moore of Sotheby’s International Realty. “Even though this is not an old house, it feels like it has always been there. It has a very unique, European feel.”
That feel is apparent the moment you turn off of Little Noyac Path and head up the winding drive to the $12.5-million, 11,000-square-foot home, (listed by Moore), where you are greeted by an Italianate garden, designed by renowned local artist Robert Dash. The founder of the Madoo Conservancy, a two-acre sanctuary in Sagaponack that incorporates everything from High Renaissance to Oriental influences (not to mention a Matisse sculpture), Dash brought that same perfection to this private garden, meticulously placing each element to guide visitors into the home and set the tone for the interiors.
“When you enter the main house, it has this huge hall that almost has a little bit of a mini-castle feel to it,” says Moore, though for a six-bedroom home, the estate features a surprising number of intimate spaces. That coziness is on display from the wood-covered library (located just off the main hall) and each of the home’s four en suite bedrooms to the rounded rooms in the home’s turrets, one beyond the den that serves as a reading area, the other off the dining room that is perfect for enjoying breakfast.
Sitting on an enormous 13.6 acres and bordered by another 25 acres of protected agricultural reserve land, the Newport shingle-style home, designed by architect Daniel Romualdez, offers the ultimate in privacy and pastoral living. “It’s not overbuilt. You have no houses in front of you and no neighbors to deal with,” says Moore. “Plus, it’s elevated, so you have these open vistas and panoramic views from all the bedrooms. All you see is nature.”
This was no accident. The current owners selected this site precisely because it is one of the highest points in Water Mill, giving the home stunning views of the Atlantic, and also because it offered room for the grounds to include a heated pool, a sloping great lawn (that leads to a pond), and bocce and tennis courts that, in yet another nod to Europe, are accessed through a flower bed and not visible from the main house.
Having both ocean views and elbow room may seem impossible to Hamptonites who are used to cramming into tight East Hampton lots just to see the water, but that’s what makes this area of Water Mill so special. “It’s not south of the highway, but when you’re north it’s about the best location,” Moore explains. “The couple who built this home are socially established peo¬ple with means. They could have been anywhere, but they chose this spot because of the view and the privacy.”
This locale didn’t always attract the area’s elite, however. “Water Mill was really discovered in the ’80s,” says Ann Lombardo, board presi¬dent of the Water Mill Museum, located in the very mill that gave the hamlet its name. In fact, until recently it was primarily farmland. “It became very expensive for farmers to own, so it made sense to parcel it off and sell it,” Lombardo explains. “All of a sudden there was this beauti¬ful land available, and at the same time there was a market beginning to form for it. It was a perfect storm.”
Despite the excitement, Water Mill has desig¬nated much of this acreage agricultural reserve land-including those 25 acres bordering the home off Little Noyac Path-guaranteeing that a new neighbor cannot swoop in and build a colos¬sal eyesore. It is yet another reason why those who had the foresight to pick Water Mill have been rewarded. “There were a few intrepid peo¬ple who ventured north,” Lombardo explains. “I bought 10 acres there at the height of the reces¬sion in the early 1990s, and I was ridiculed. But I don’t have to tell you how that turned out. It just took people who had the vision.”
A few short decades later, Water Mill can compete with any part of the East End and make other town¬ships feel cramped, even a little tedious, by comparison. “Everything looks alike,” says Moore. “It’s like a formula. At this home, there are no wasted spaces or triple-wide hallways. It goes to show that not everything has to look like everything else. If you have imagination, wonderful things can be created.”

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The Hampton’s 10 priciest sales of the year
8/1/2012 – The Real Deal
The 10 most expensive sales on Long Island’s East End so far this year range from a $28.5 million sale on Southampton’s ultra-ritzy Meadow Lane to the $13 million sale of the “Windmill house” in Bridgehampton.
Those eye-popping figures still don’t quite compare to the priciest sale of 2011: Florida billionaire Jeffrey Greene’s $36 million purchase of the 55-acre Tyndal Point. In fact, the top 10 sales of last year all exceeded $20 million. And 2012 is not over yet.
Below, TRD examines the most expensive residential deals to close in the first six months of this year, based on our own research and an analysis of records from Internet data providers StreetEasy, PropertyShark and Hamptons Real Estate Online.
1. $28.5 million: 322 Meadow Lane (Southampton)
322 Meadow Lane in Southampton and Marc Rowan
The $28.5 million sale of finance bigwig Marc Rowan’s six-bedroom home, which closed in February, is the most expensive deal on the East End in 2012 to date. Marcella O’Callaghan, a senior vice president at the Corcoran Group, had the listing.
Rowan, who cofounded Apollo Global Management, bought the Southampton estate for $16.3 million in 2005, public records show. He first listed it in late 2008, although he took it on and off the market in the intervening years; the last asking price was $34 million, according to StreetEasy. The 9,000-square-foot home, situated on a 2.3-acre oceanfront parcel, has floating staircases and panoramic ocean views, according to the listing. The buyer was reportedly fellow financier Carlos Alejandro Pérez Dávila, a managing director of investment advisory firm Quadrant Capital Advisors.
2. $28 million: 174 Further Lane (East Hampton)
174 Further Lane in East Hampton and Corcoran’s Tim Davis
Listed with Corcoran’s Tim Davis, this seven-bedroom contemporary mansion sold for $28 million in March. It originally went on the market in 2011 for $38 million.
Davis declined to identify the seller or buyer, other than to say that they both work in finance.
According to public records, the seller bought the property for $9.85 million in 2004, then enlisted New York design firm Fox-Nahem Associates to renovate and enlarge the home, bringing it up to 7,500 square feet. The buyer purchased the 3.5-acre estate while the renovation was still in progress, said Davis, who represented both parties.
“This person came along and said, ‘I’ll take it right now from you,’” he said. “There are so few oceanfront properties that ever come on the market for sale in East Hampton.”
4. $24 million: 171 Great Plains Road (Southampton)
171 Great Plains Road and John Pickett, Jr.
The so-called “Beechwood” estate in Southampton sold for $24 million in March —another coup for Corcoran’s Tim Davis, who had the exclusive.
Sellers Robin and John Pickett, Jr. — the latter best known for owning the New York Islanders NHL team in the 1980s and 1990s — spent three years constructing the house.
The home is a 17,000-square-foot, nine-bedroom, 11.5-bathroom mansion. It was intended to host the whole Pickett brood, but proved too large when one of their children moved to the West Coast and another bought his own Hamptons abode. “It didn’t make any sense to own a house of this size,” Davis said. So the couple purchased a smaller home nearby, and Beechwood was listed for $38 million.
The purchaser works at Deutsche Bank, according to Davis.
6. $18.5 million: 329 Highland Terrace (Bridgehampton)
329 Highland Terrace in Bridgehampton
In May, an anonymous buyer purchased a Bridgehampton spec home known as the Edgefield estate for $18.5 million.
James Michael Howard, an interior-design firm based in Atlanta, Ga., and Jacksonville, Fla., built the 11,000-square-foot house, putting it on the market for $19.75 million in June 2011 while it was still under construction. Corcoran’s Gary DePersia and Brown Harris Stevens’ Martha Gunderson had the co-exclusive.
The house, situated on 2.6 acres, has seven bedrooms, two staff suites, a wine cellar and exercise and massage rooms, the listing said.
7. $17.6 million: 1360 Meadow Lane (Southampton)
1360 Meadow Lane in Southampton
Seller Judy Rosenberg’s six-bedroom, six-bathroom contemporary house traded in May for $17.6 million.
It was listed for $24.5 million in early 2011 and sold in May to an entity called Sheshin LLC.
The home is the third listing from Corcoran’s Davis to appear in the top 10, although this one was a co-exclusive with fellow power broker Harald Grant, a senior vice president at Sotheby’s International Realty (see Closing interview on page 106).
The residence, designed in the 1970s by the late architect Ward Bennett, overlooks acres of dunes and the ocean, Davis said.
8. $15.1 million: 200 Bay Lane (Water Mill)
200 Bay Lane in Water Mill
This $15.1 million Water Mill sale closed in April. The listing was a co-exclusive between Sotheby’s Grant and Corcoran brokers Susan Breitenbach and Peter Huffine.
The seller, an LLC, first listed the property for $21.5 million in 2009, but the final asking price was closer to $18 million, according to PropertyShark. The buyer was an entity called One Nineteen LLC.
Pop star Jennifer Lopez reportedly checked out the property, but was not the buyer. The eight-bedroom mansion sits on a two-acre parcel that tapers into Mecox Bay.

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The Biggest Hamptons Brokerages
8/1/2012 – The Real Deal
It’s been a rocky couple of years for the real estate market on Long Island’s East End. But now that the worst of the downturn has passed, the region’s major residential firms are seeing a slight increase in size compared to the last two years.
This year, the 10 biggest brokerages in the Hamptons, Shelter Island and the North Fork collectively had a total of 1,230 agents — up 7 percent from 1,149 in 2011, according to The Real Deal’s annual ranking of the biggest East End firms. While that is not a huge jump, it is the second year that the agent headcount has gone up. In 2010, the 10 biggest firms had a total of 1,140 agents.
“There are enough brokers out here to choke a horse,” said Paul Brennan, Prudential Douglas Elliman’s Hamptons regional manager, laughing.
The Corcoran Group was the largest firm on TRD’s list this year, taking the No. 1 position from Elliman for the first time since 2009, although the firms are currently about the same size, with 327 and 326 agents, respectively. Both have grown slightly since last year, according to TRD’s count.

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The Real Deal On Real Estate In The Hamptons
7/18/2012 – Hamptons.com
Gary DePersia’s Listing: Halsey Lane, Bridgehampton. (Courtesy Photo: Corcoran)
Susan Breitenbach’s sale: Bridgehampton South Estate Overooking 40.7 Acres, 17,000,000 square feet. (Courtesy Photo: Smbhamptons.com)
The Hamptons are known for their gorgeous mansions and envious landscapes, but who is behind the selling of these dream houses and high-end realty? According to Real Trends for 2011, 13 of the top 250 real estate agents in the entire country are from the Hamptons. Real Trends is a company dedicated to informing top real estate news, popular trends and specific analysis of the latest residential businesses.
As an aggregate result – Harald Grant (Sotheby’s International Realty), Susan Breitenbach (Corcoran Group), Timothy Davis (Corcoran Group), Gary DePersia (Corcoran Group), Paul Brennan (Prudential Douglas Elliman), Beate Moore (Sotheby’s International Realty), Ed Petrie (Sotheby’s International Realty), Michael Schultz (Corcoran Group), Elaine Stimmel (Corcoran Group), James Ferrer (Sotheby’s International Realty), Vincent Horcasitas (Prudential Douglas Elliman), Dana Trotter (Sotheby’s International Realty) and Pat Petrillo (Sotheby’s International Realty) have accumulated a combined volume sale of $1,188,928,000.
Susan Breitenbach of the Corcoran Group’s Bridgehampton office coming in with a total volume of $202,494,000 and Gary DePersia of the Corcoran Group’s East Hampton office selling a total of $119,180, 000.
Markets reports show that home sales have only strengthened since last year, and if buying house is in your near future, now is the perfect time to buy! According to Real Trends, “The annualized rate of the combination of new and existing home sales increased to 5.010 million up from the 4.659 million recorded in June 2011. The average price of homes sold in June 2012 was up 4.04 percent from the average price of homes sold in June 2011 marking the third consecutive month of increased home sale prices.”

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Buying on the Ocean
7/13/2012 – Hamptons Magazine
COASTAL PROPERTY REMAINS THE MOST SOUGHT AFTER HAMPTONS ACREAGE.
“Oceanfront property is the most sought after, most pristin, and most prestigious.” – Tim Davis
Despite a shoreline that stretches for miles, much of which is dotted with houses, ocean¬front property in the Hamptons is still hard to come by because demand for it rarely declines, other than some occasional trends to the contrary– ¬like woodsy retreats or horse farms north of the highway. The Hamptons are for people who are waterfront-oriented, so the oceanfront is still the most prime [locale] in the market,” says Tim Davis, senior vice president with The Corcoran Group, who in March sold a 6,000-square-foot contempo¬rary with a looping path to the beach at 174 Further Lane in East Hampton for $28 million, after it was listed for $32 million last summer– that’s a 13 percent discount, and the property’s renovation was not even complete. Still, the deal, which remains one of the larg¬est of the year in the Hamptons, highlights the resiliency of oceanfront property. While the housing collapse caused some homes to lose 40 percent of their value, Davis says, there was never more than a 20 percent drop with oceanfront property. “It is the most sought after, most pristine, and most prestigious, if you will,” he says.
In East Hampton, that pres¬tige can be conferred most reliably with homes on Further Lane, Lily Pond Lane, and West End Road, where properties that nuzzle the Atlantic will start at $20 million but possibly cost as much as five times more. Neighbors here include entertainment and fashion mainstays like Jerry Seinfeld on Further and Steven Spielberg and Kelly Klein on West End.
Southampton, meanwhile, has comparably jaw-dropping proper¬ties along Gin Lane, as well as Meadow Lane, which hugs a bar¬rier beach with sweeping views of the waves. These neighborhoods presumably are savored by residents such as Forbes-esque boldfaced names like David Koch and Leon Black.
For the past couple of decades, the prevailing oceanfront look involved a symmetrical mix of gables, shingles, and brick chimneys in a 20th-century nod to the historic home styles of the 19th century, when the Hamptons first drew summer visitors. Typifying this kind of architecture, perhaps, is 1900 Meadow Lane, a for-sale six-bedroom mansion with a pool, tennis courts, and a plethora of dunes, set on about five acres of land. Listed with Davis for $34 million this property formerly belonged to billionaire financier Teddy Forstmann.
Oceanfront homes that are one rung down in terms of price, from $15 million and up, also turn up in these coveted areas, though they often need work because they are dated or show wear and tear. For instance, a $14.5-million property at 1370 -Meadow Lane, listed by Harald Grant senior vice president of Sotheby’s International Realty, is a 6,000-squarefoot home on a pine-tree flecked two-and-a-half acres; a buyer could easily raze it for a larger 10,000-square-foot residence, he says. Yes, building on these skinny slivers of land where flooding is a risk is not for everybody– the premium in terms of construction costs can be in excess of 40 percent–but brokers say that has hardly dampened interest.
Builders have also gravitated toward teardown opportunities in Bridgehampton, along popular Surfside Drive, where new homes typically run from $15 million to $30 million. Similar prices are found on Gibson Lane and Daniel’s Lane in Sagaponack, where oceanfront parcels were underdeveloped for decades. Here buyers can find ocean front homes with large lots-around three acres-comparable to East Hampton or Southampton.
When available, the waterfront can offer more affordable packages, too. Along the Atlantic Ocean in Quogue, on Dune Road an oceanfront home might cost $7 million to $20 million, depending sometimes on if you have to go to the second floor to see surf. In Montauk, along Old Montauk Highway, where Robert De Niro vacations, real estate ranges from $5 mil¬lion to $25 million, brokers say.
And toward the bottom of the totem pole, in the $3.5 million to $6 million category of oceanfront properties, buyers can find a home in West Hampton Dunes, along yet another Dune Road. Throughout the past two decades, this area has undergone a massive beach restoration project that in turn fueled a luxury home building boom. However, rules about how much square footage can go up on a lot grew more restrictive during the process.
While waterfront’s popularity remains strong across generations, living near the high tide line can come with challenges. Federal Emergency Management Agency rules stipulate that new homes built close to the water, or ones undergoing a renovation to increase its size or value by 50 percent, need to be set on pilings about 5 feet to 11 feet above the high water mark, depending on zoning, topography, and proximity to water, to make them less prone to flooding. Though that extra eleva¬tion can give them a hulking odd-man-out presence relative to their neighbors, the homes benefit from having an area through which waves can pass without doing major damage, says Hamilton Hoge, who has been building homes in the Hamptons for more than 25 years.
Insurance may also be a hurdle. Since Hurricane Andrew walloped Florida in 1992, insurers have been increasingly wary of the risks involved with oceanfront properties on the East Coast, particularly in New York, because of its “sheer congregation of value,” says Tim Brenneman, managing director of East Hampton’s Cook, Hall & Hyde, a local insurance broker.
For a $25 million property on low-lying Dune Road in Southampton, owners might have to go with an insurer who deals with high-risk clients like Lloyd’s, and it could cost $50,000, plus up to a $250,000 deductible for wind damage, even if the house was FEMA-compliant, Brenneman says. The Chubb Group of Insurance Companies, which deals with many high-net-worth individuals, might also be an option, especially for those who have other homes throughout the country, and thus were giving Chubb more business, he says. In that case, the premium could be $20,000 a year.
But insurance costs are rarely a deterrent because people who buy oceanfront are so driven to live by the sea, says Marcella O’Callaghan, a senior vice president with Corcoran. “If you want to be on the water, you will do whatever it takes to be on the water,” she adds. “Period.”

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Confessions of a Power Broker: Winning Spaces
7/13/2012 – Hamptons Magazine
SPECULATION HOUSES ARE BACK THIS SEASON, SAYS THE CORCORAN GROUP’S TIM DAVIS.
New speculation houses are popping up across the East End and selling well after four to five years of scarce new constructions. “The high-end spec house is back in the market,” says Corcoran’s senior vice president and regional brokerage advisor Tim Davis. And they are back in a big way: “New construction sells for record prices in our market; it’s just a fact.”
Bridgehampton and Sagaponack are particularly thriving in terms of the number of new constructions and the sales of these spec houses and more closely mirrors the market of four to five years ago, an indus¬try much stronger than in the past few seasons. “We have seen some prices between $10 million and $20 million, [which is] good for the market,” says Davis. Similarly, whereas Joe Farrell has dominated the East End’s spec real estate in recent years, today more contractors are building and selling. “[Spec houses] are new and perfect and never been lived in,” says Davis, and thus a good investment for a buyer who doesn’t require “something with history or pedigree.”
Says Davis: “[Buyers] can put their own stamp on it, and often they come in and make changes after they buy.” 88 Main St., Southampton, 283-7300; corcoran.com

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Haute Property: Family Ties
7/6/2012 – Hamptons Magazine
AN ESTATE THAT ONCE BELONGED TO THE AREA’S MOST ICONIC FAMILY IS NOW ON THE MARKET IN EAST HAMPTON

Insight:
Gold Rush: In 1699 Captain Kidd buried treasure on Gardiners Island. The loot was later used as evidence in the trial that resulted in his hanging.
Guest of Honor: The home has a two-bedroom guest apartment as well as a separate five-bedroom wing.
Wherefore Art Thou: Two master suites include formal marble fireplaces and Juliet balconies that overlook the property’s gardens.

In the history of Long Island, perhaps no family has left more of a mark than the Gardiners. Of course, considering King Charles I gave patriarch Lion Gardiner control of their 3,000 acre island back in 1639, the clan did get a bit of a head start. Today, Gardiners Island, which is located between the North and South Forks (in Gardiners Bay, naturally), remains the only privately owned land in the country that was part of an original royal grant. But from their Sagtikos Manor in West Bay Shore to the restored estate now for sale in East Hampton, the Gardiners’ influence is felt up and down Long Island.

“The Gardiner family is deep in our history,” says Alexandra Wolfe, director of preservation services at the Society for the Preservation Services of Long Island Antiquities (SPLIA). “These old families—the Gardiners, the Sylvesters, the Townsends—really shaped the development of Long Island.” And as the Gardiners evolved from farmers into the landed gentry, the family’s history has tracked that of the East End.

Nowhere is this more evident than at 127 Main Street in the heart of East Hampton. When the original house here was destroyed by a 1938 hurricane, Robert David Lion Gardiner was determined to rebuild. But he wasn’t interested in re-creating a stodgy old country house; instead, Gardiner turned to Wyeth and King, an architecture firm based all the way in Palm Beach. “Florida is where the latest great houses were being built at the time,” Wolfe explains. “The cottages in Newport were the late 1890s, but this is the next wave. There’s a cross-pollination between Florida and the North East.”

The result, a 12,000-square-foot, 10-bedroom mansion with 22-inch thick walls able to withstand virtually any force of nature, was unlike anything in the area. “It reminds me of a mid-Atlantic stone manor house,” says Wolfe. “In terms of its setting on Long Island, it’s almost like the Gardiners are expressing their manorial heritage through this home.”

But when you have an entire island to maintain, some things get short shrift, and by the time Robert David Lion’s estate was ready to sell 127 Main Street in 2004, the home had fallen into disrepair. “It was in really rough shape,” remembers The Corcoran Group’s senior vice president Tim Davis, who sold the house for the Gardiner estate and is also handling the new listing. “The windows hadn’t been opened in years and were painted shut; there were leaks in the roof; the wrought iron was rusted out; every fixture and surface had to be restored.”

Luckily, the home’s new owners were up for the challenge, launching a meticulous five-year (and eight-figure) restoration with original photos-some of which were discovered in the wine cellar-as a guide. “It was a total gut renovation of the structure,” says Davis, who emphasizes that the owners restored every period detail they could, from arched French doorways and plaster moldings to the Gardiner family crest, which is still on display in the living room mantle. “That kind of effort went into every inch of it,” Davis adds. “As you walk through, you can see it and understand it.”

Naturally, any proper restoration of a 20th-century legend calls for a few 21st-century touches, and 127 Main Street has plenty. The home has been completely re-wired for smart house technology, including a climate system that can be accessed via LCD touch pads, an extensive 32-camera security system, and new geothermal heating that warms up the slab marble bathroom floors. And for those really lazy days, the two-and-a-half-story home now boasts a brand new elevator and a mahogany screening room.

Sitting on a tree-lined stretch of Main Street, the estate’s five-plus acres-one of the largest intact parcels of land in downtown East Hampton-received the same attention. Today, the grounds feature a restored U-shaped hedge and stone path in front of the home, plus hundreds of freshly landscaped evergreen and cypress trees that lead to a heated swimming pool and two new fountains that help create a period feel. (To hammer that home, the driveway has been reconfigured to create a formal courtyard with a fountain in the middle.)

Needless to say, it can be easy to for¬get you are just steps from the heart of East Hampton. “When you’re in the house or out by the swimming pool, you have no sense of being that close to the village center,” Davis promises. “It’s only once you step beyond the entrance gates that you have a sense of where you are. Being in the country but at the same time convenient to everything else is a very nice feeling.”

Amazingly, even as the house hits the market for $26.5 million, the dedicated owners continue to make improvements by adding new trees and landscaping. “There’s nothing better than working with someone who is so appreciative of the historic nature of the house and willing to go through a painstaking experience to make sure it’s authentic,” Davis attests. As a result, he’s confident that the right buyer will find 127 Main Street and place his or her own stamp on this landmark East End home. “It’s an enormous canvas to work with, though it’s not blank,” says Davis. “It’s one that you can keep adding to over time.” Tim Davis, The Corcoran Group, 88 Main St., Southampton, 283-7300; corcoran.com

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Deeds & Don’ts: Hey, Big Spenders
6/1/2012 – Hamptons Cottages & Gardens
HEY BIG SPENDERS!
THE HAMPTONS ARE HEATING UP, AND IT’S NOT just because of the widely spread rumor that Jennifer Lopez is putting down roots in Water Mill. As the wealthiest 1 percent of the country is driving our national economy, the Hamptons real estate market has been the happy beneficiary of a hot-and-heavy $20-million-and-up sales boom.
Beechwood, the Francis Fleetwood-designed 17,000-square-foot home on Great Plains Road in Southampton, had an asking price of $38 million and recently sold for a reported $24 million-quite a reduction, but still an inland Southampton record. On a long private drive off Further Lane in East Hampton, a 7,500-square-foot home on three-and-a-half oceanfront acres, listed at $32 million, has reportedly sold for $28 million. And a traditional mansion with deeded beach access at 6 Gracie Lane (also known as 89 Lily Pond Lane) in East Hampton just sold for $20 million.
The historic Charles H. Adams House, on Lee Avenue in East Hampton is selling above its asking price of $24.5 million, according to listing agent Beate Moore of Sotheby’s International Realty, who describes the home as one of the Hamptons’ largest perfectly renovated shingled cottages. The historic three-story Queen Anne was built by Carnegie Hall designer William B. Tuthill. With 14,000 square feet of living space, 14 bedrooms, 12 bathrooms, six fireplaces, and a heated gunite pool and spa on two manicured acres, the house was a prize, with multiple motivated buyers. Going into contract in less than a month for $25.75 million ($1.25 million higher than the ask) was “good for everyone’s morale.” notes Moore. “People are not looking for fixer uppers. Customers are looking for beautifully appointed houses in good locations. The key to activity is pricing properties correctly from the start.”
Moore’s excited about a new listing in Sagaponack with deeded ocean access. The iconic Charles Gwathmey modern is 8,000 square feet with seven bedrooms and 11.5 bathrooms, listed at $24 million. It has sweeping views over two-and-a-half acres of manicured grounds, including second-floor panoramic ocean vistas. There’s a media room, gym, two wine cellars, heated gunite pool, pool house, all-weather tennis court, and heated five-car garage. “It’s an exceptional property.” she says. The late architect was just as well known for his exceptional clientele, including such power brokers as Steven Spielberg. “Whenever I had a project on the East Coast,” Spielberg told the New York Times, “the first call I made was to Charlie.”
Number Crunching
According to the Long Island Real Estate Report, East Hampton fared better than Southampton in first quarter 2012 vs. first quarter 2011. Southampton Town weighed in with 213 sales worth $320 million vs. 2011’s first quarter of 197 sales and $325 million, with a median price decrease of $750,000 to $725,000. East Hampton showed 114 sales totaling $177.5 million in the first quarter of 2012 vs. 127 sales totaling $142 million in the first quarter of 2011, with the median price rising from $730,000 to $860,000.
In Southampton Village, sales increased from 16 to 19 in first quarter 2012 vs. 2011, and the total sales figure increased from $33.26 million to $59.15 million.
East Hampton Village did 10 sales in first quarter 2011 and 12 in 2012, with the total sales figure jumping from $28.23 million to $69.64 million.
Sag Harbor Village followed suit with 13 sales in first quarter 2012 vs. 10 in 2011, leaping from total sales of $9.09 million to $19.48 million.
2012 Market Report
Not a single Chanel snow boot was donned this winter, and unseasonably warm weather brought buyers and renters out early and often. And despite Wall Street Journal headlines like “Honey, They Shrunk My Bonus,” several seasonal rentals went for a million dollars.
“The rental market early on had strong indicators, with high-end renters committing early, especially in a repeat rental,” says Moore. “Wall Streeters will always be the strongest customers due to our proximity to Manhattan. They can also park their families out here during the summer.” Yet Moore notes increased interest from Russia and Asia. She also has been selling to Europeans-from Brits and Italians to Germans and French-almost sight unseen. “They browse the Internet, contact me, and make a date to come over.”
The Hamptons sales market, however, is hardly homogenized. It’s easy to find a $40 million oceanfront home and a $400,000 foreclosure within a l0-mile radius. But many agents are reporting a very strong first quarter. “We are certainly ahead in terms of sales and contracts this year from last,” notes Corcoran Senior Vice President Jack Pearson. “Two things have shifted the business for 2012. One is obviously the warmer weather, so we’re two months ahead of traffic flow. Second, all our customers and clients have a much higher confidence level, and that’s what drives them to make decisions. Last year and the year before, people were second-guessing themselves about spending money. Still, everyone wants value: Sellers are pricing homes competitively, and buyers realize there are no fire sales.”
Hamptons real estate usually involves threesomes, namely the buyer, the seller, and, of course, the bank. It’s the latter player who has also made a big difference in the readjusted market.”No one wants to overpay, and no bank wants to lend money on something that’s not worth as much as the buyers are paying,” says Pearson. “Now we’re seeing mortgages approved and business flowing.
“Any property that’s in a good location and competitively priced is hot,” he adds. “For example, we have a modern barn-a completely renovated saltbox that was added onto by architect Blaze Makoid-south of the highway on Sagaponack Road in Bridgehampton. It’s listed at $2.995 million, on half an acre with 3,700 square feet and five bedrooms. The place is an incredible value.”
The headline (or head lane) of Hamptons high-end real estate continues to be Meadow Lane in Southampton Village. With three sales last year topping $20 million (including a $32.5 million property), this stretch of land between ocean and bay continues its alchemy of turning sand and soil to gold. A 9,000-square–foot home on 2.3 acres at 322 Meadow Lane just sold for $28.5 million to a young international family. And two others are in contract: 1360 Meadow Lane, listed at $19.95 million, and 96 Meadow Lane, listed at $21.6 million. A Norman Jaffe-designed oceanfront home next to Coopers Beach is newly listed at $29.95 million.
So what is the Meadow Lane mystique Tim Davis, senior vice president of Corcoran, points to the allure of extra privacy, courtesy of the road’s wider-than-usual oceanfront parcels, plus vistas that stretch from sea to bay, allowing for sunrise and sunset views. Of course, having your own heilpad at-the end of the lane makes for easy access. And if you’re going to be summering in St. Tropez instead, a Meadow Lane mansion can rent for $500,000 to $600,000 a month. Davis notes that the beach has added about a half acre over a l0-year period, as opposed to the massive erosion seen on other oceanfront areas.
A moneyed clientele of international buyers and young families comprise the new Meadow Lane nesters, reports Davis, who has the exclusive $34 million listing for the estate of the late Ted Forstmann, chairman and CEO of IMG Worldwide and senior partner of Forstmann Little & Co. Famous for originating the term “barbarians at the gate,” about the leveraged-buyout industry, billionaire Forstmann created a fabulous Meadow Lane billionaire bachelor pad. It was even rumored that Princess Diana once asked him to find a house for her to buy nearby, which he did, but British security vetoed it.
The 8,600-square-foot home sits on almost five acres with more than 200 feet of ocean–front. Decorated by Bunny Williams, it features high ceilings, walls of glass, six bedrooms, and six-and-a-half bathrooms. The exterior has an oceanfront pool, two hot tubs, and a championship tennis court. Fortsmann also acquired approximately four acres adjoining the property and donated it to Southampton Village and the Peconic Land Trust, assuring protected views and privacy.
For the tennis aficionado, the house has a rich history, wirh Martina Navratilova and Boris Becker having graced the court as part of Forstmann’s annual Huggy Bear tennis tournament, which raised millions for children’s charities. Forstmann was known for his philanthropies, and with fellow Hamptons residents Jeff Greene (Tyndal Point), Ronald Perelman (The Creeks), and Mayor Michael Bloomberg (Ballyshear) signed the Giving Pledge, dedicated to donating a great part of one’s wealth to charity. Interestingly, Forstmann is the first person to pass away on the 70-person lisLt. While you can’t exactly count it as a charitable deduction, who knows if some of that $34 million price tag might just go to a good cause?
Before it was called Bridgehampton, settlers referred to the area as Bull’s Head. What is now the Bridgehampton/Sag Turnpike was a toll road built in 1837 and run by the Sag Harbor & Bulls Head Turnpike Company, which charged 8 cents a wagon. And before there were 29,000 rental listings on HREO, the four corners of Ocean Road, the turnpike, and Montauk Highway housed visiting glitterati in glamorous private residences, inns, and taverns from 1850 to 1950.
“The four corners must have been very impressive when you came into town,” says Julie Greene, Bridgehampton Historical Society (BHS) archivist As the easternmost station of the railway, Bridgehampton was “the destination” from 1870 to 1895, she notes. Following its heyday, the prestigious village center slumped into decline and was nicknamed “Gassy Bull,” due to the proliferation of gas stations in the 1960s. An era of neglect and deterioration soon followed.
These days, three of the corners surrounding Bridgehampton’s War Monument are seeing a revival-Greek Revival, that is, with two historic renovations and a new commercial building.
The Nathaniel Rogers House, considered one of the two most important surviving Greek Revival structures on Long Island, is being restored by the BHS as its new administrative, exhibition, and event space. Nathaniel Rogers, who was one of the most popular miniature painters in America, bought the 1820s Federal-style house that had been owned and built by Abraham Topping Rose. Across the street, Rose then built what is now the Bull’s Head Inn. BHS director John Eilertson sunrises that, in what may be an early case of property envy, Rogers looked out the window at his neighbor’s grand manse and said, “I want one of those.” Thus, in 1840, he remodeled his house in a grand Greek Revival style. In the late 1890s, the Hedges and Hoppings families turned the Rogers mansion into the spectacular Hampton House Hotel and restaurant, which flourished for 50 years.
The Hopping family lived in the house until 2004, after which it deteriorated until the columns were literally held in place only by two-by-fours. The BHS worked diligently with the Town of Southampton, the Community Preservation Fund, and private donors to purchase the property and house for approximately $3.5 million.
The total cost of renovation is slated at $6 million, under the stewardship of the BHS and Jan Hird Pokorny Associates, known for doing skilled restoration work on historic wood-frame structures. If all goes well with fundraising, they hope to be finished by July 4, 2014. Along with state and town funding, donations from the community are encouraged. For just $25,000, you can have one of the famous four columns of the Nathaniel Rogers House named for you.
The former Bull’s Head Inn is undergoing a top-to-bottom restoration in a rerurn to its original Greek Revival glory and name-Topping Rose House. Slated to open this summer, it will be a year-round, full-service inn with 22 guest rooms and a restaurant run by acclaimed chef Tom Colicchio.
On the northwest corner, Wick’s Tavern (frequented by soldiers during the American Revolution) ultimately devolved into a beverage store known simply as “the beer place.” With the structure now razed, the location will be home to a two-srory Greek Revival-style building with 9,000 square feet of commercial retail and office space available for $45,000 a month.
Summer’s here, which means it’s time to do the Hamptons shuffle. In a land where Main Street buildings sell for up to $7 million, key money for a restaurant can be $500,000, and retail rent can reach $45,000 per month, a fresh crop of restaurants and retailers pops up every summer to attract the well-heeled crowd. Here, we welcome the newcomers, bid adieu to those who’ve left, and track any movers and shakers to their new digs.
On the home decor front, Sweden-based Lexington Clothing Company arrived in red, white, and blue style with its first store in the U.S., at 73 Main Street in East Hampton. Designer Kristina Lindhe offers classic American furnishings, decorating services, and clothing for the “casual luxury” lifestyle.
Navigating the world on a 12-country shopping trip is one thing, but navigating the Architectural Review Board in historic Sag Harbor Village is quite another. After a two-year odyssey, designer Natasha Esch has opened the doors to MONC XIII at 40 Madison Street. Upon buying the building, she did a top-to-bottom renovation with architect Martin Sosa, retaining the authentic historic flavor while openmg up the space to showcase eclectic, elegant home accessories and vintage furniture. Thrilled with her new location, Esch says, “There’s a great quality of life in Sag Harbor, and ‘the good life’ is what we sell here.”
Just across the street, Mona Nerenberg has expanded Bloom to the small cottage behind the main store, stocked with antiques and contemporary home and garden items in her signature nature-inspired palette. And C. sells by the seashore for entrepreneur Chris Burch: A branch of his C. Wonder empire is popping up for the summer in Southampton at 5 Main Street. The lifestyle brand offers everything from flip-flops to picnic baskets to roller skates with an American-seaside edge. For non-Black Card-carrying fashionistas, the shop promises an average price of $40.
With only so many spaces to fill in a highly competitive market, the Hamptons restaurant scene resembles a game of musical chairs. Whether you left your chair or were bumped out of it, someone is always waiting to take your spot. Memorial Day announces a brand-new seating chart.
Top Hamptons restaurateur David Loewenberg of the Beacon, Fresno, and redbar, along with partner and executive chef Sam McCleland, has taken over the former Oasis in Sag Harbor to open the new Bell & Anchor. The waterfront marina restaurant at 3253 Noyac Road has undergone a total renovation and a breezy style update from David’s wife, designer Sarah Loewenberg, and will specialize in seafood.
Borh Boathouse and Beachhouse have drifted far, far away. Frank Cilione and partners are opening the Hamptons Players Club in the former Beachhouse location at 103 Montauk Highway in East Hampton. The equestrian/polo-themed restaurant includes a formal dining room, casual outdoor beer garden with fireplace, and VIP lounge. We hear straight from the horse’s mouth that Cilione is here to stay with an ll-year lease. With a crossover crowd from Palm Beach Polo, you may catch Nic Roldan and Nacho Figueras competing (albeit over Ping- Pong) in the garden.
Newcomer Andrra takes over the waterside setting that Boathouse (formerly Bostwick’s) used to occupy on Gann Road on Three Mile Harbor. Owners Sami Krasniqi (who is the execucive chef), Nori Krasniqi, and Rich Silver, along with consulting chef William Valentine, are bringing a Mediterranean concept to the recently renovated venue, which will also include a late-night lounge. Closer to town, look for the Meatpacking District favorite Beaumarchais to open in the former Philippe Chow space and bring its “Beau Brunch” a la plage.
Nello is now Nammo. (Say that three times fast.) Nammo Estiatorio is opening a new self-named restaurant and club at 136 Main Street in Southampton in the charming former Old Post House. And Pomme Cafe is out at 16 Main Street in Sag Harbor, replaced by Muse in the Harbor, which recendy relocated from Water Mill complete with tropical-fish-rank centerpiece and new American menu from chef/owner Matthew Guiffrida.
Meanwhile, just when it seemed Citarella had cornered the Hamptons’ fine-foods market, Whole Foods announced that it’s popping up at the former Plitt Ford dealership in Wainscott. Expect an abundance of Whole Paycheck jokes all summer long.

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Amazing High-Tech Homes
5/30/2012 – Forbes
Hamptons Cottage, Water Mill, New York
Many houses retain their quaint, rural charm, despite their multi-million dollar price tags. This Hamptons home, on the market for $6.2 million, looks like a relatively modest brick-exterior ranch house from the outside, but it’s the dwelling’s highly-wired innards that belie its exterior. A central control panel operates the house’s solar shades, auto key entry, and there’s even a spacious wide-screen digital home theater with reclining electric leather seating for eight. Sure, it may look like a simple country house, but beneath that charming exterior lurks one impressively tricked-out summer home.
*****
You may have heard that Bill Gates has a pool with an underwater sound system. And that Tony Stark’s (aka Iron Man) high rise houses 3-D holographic computer displays. But if you think technologically-sophisticated living is reserved solely for Silicon Valley tycoons and superheroes, think again. Not everyone can afford or prefers the same Citizen Kane-level of ostentation, but many luxury homeowners still look for innovative ways of maintaining, interconnecting, or adjusting their homes—and the results are pretty impressive.
Take, for example, the $12.9-million, six-bedroom mega-lodge located within the ski sanctuary of Telluride’s Mountain Village. It might look like a rustic nature retreat from the outside, but inside, all of the home’s systems are controlled by iPad, including in-floor radiant heat (it gets chilly up in snowy Telluride), room humidification and temperature controls, multi-room audio-visual control, alarm systems, and outdoor video monitoring. All can be controlled remotely, allowing the homeowner to pre-heat the floors and cue up a serenade of “Baby, It’s Cold Outside” by the time guests stamp the snow off their boots.
Still, technology junkies don’t always prefer sprawling homes and multi-room control centers. High-tech often equals small and sleek, after all. One such sleek pad, nicknamed “Closet House,” in Matosinhos, Portugal, offers residents the ability to change the actual layout of the small home to accommodate different needs or design preferences. Just 474 square feet, the modern marvel, designed by architectural firm Consexto, surprises inside with five different rooms—or “living areas”—two of which have walls that can be rearranged at the touch of a button. Having guests over for a movie? Need some privacy? Or are you just tired of your home’s layout? Just go all Optimus Prime and transform your home according to need or whim.
When it comes to custom-made, high-tech home building, prefabricated home systems can be a boon. Los Angeles’ Proto Homes, for example, incorporates its signature architectural design elements with solutions that are tailored to the home and location. Wall panels and the home’s utility core are prefabricated and then assembled at the site, often in less than 16 weeks. And Proto’s Baldwin Hills home doesn’t skimp on the digital trappings either. Central air, music, and temperature can be controlled from a specialized iPad. Cooler yet is the homeowner’s ability to change “skins,” or outdoor panels to switch the home’s color according to mood, season, or occasion. Kind of like changing the cover of an iPhone—but for your home.

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Former Brown U. Chancellor Lists His East Hampton Home
5/23/2012 – Curbed
Perhaps inspired by the recent $25.75M sale of the house next door, Stephen Robert—former Chancellor of Brown University, member of the Council on Foreign Relations, and co-founder of The Source of Hope Foundation—has just listed his three-story home on Lee Avenue for the tidy sum of $18.5M.
And what does that buy you these days? “A quintessential summer colony cottage,” according to Corcoran’s Tim Davis. The residence is said to maintain many of its original elements (it dates back to 1899) while having been “updated for today’s Hampton lifestyle.” The home offers seven fireplaces, eight bedrooms, seven and a half bathrooms, enclosed porches and 7500 sq. ft. of living space. The 1.86 acre property itself boasts expansive brick terraces, old growth trees, original gardens, and—what else?—a heated gunite pool.

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Ward Bennett-Designed Contemporary Closes At $17.6M
5/7/2012 – Curbed
After about two months of being listed as “In Contract,” this Ward Bennett oceanfront on Southampton’s Meadow Lane has now closed. Final purchase price? $17.6M.
Though that number is just a little over 10 percent off the final listed ask, it represents a dramatic step down from the original pricetag of $24.5M. Still, $17.6M is good enough to make it one of the year’s biggest sales. It also adds another $15M+ listings to Tim Davis’ 2012 sold pile.

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New York’s Hamptons Real Estate Smackdown: Southhampton vs. East Hampton
4/16/2012 – The Hollywood Reporter
East Hampton has reigned for years as the place to be, but the historically blue-blood Southampton area is vying for the top spot on the housing hot list.
For years, East Hampton has reigned as the glitziest of this summer playground’s many villages and towns, drawing not only New York bold-facers but a preponderance of Hollywood names, including Steven Spielberg and Kate Capshaw and Jerry Seinfeld, to tony streets like Lily Pond Lane and Further Lane and around Georgica Pond. Lately, however, the historically blue-blood Southampton area — where billionaire-heavy Meadow Lane is second home to David Koch, Leon Black and Calvin Klein — is gaining ground, at least on the numbers?front.
During the recession, overall numbers in the Hamptons — which lies about 90 miles east of Manhattan on Long Island — certainly went south, and sales have yet to return to the fever pitch of the mid-2000s. In 2011, sales volume was down a modest 1.7 percent from the previous year, according to appraisal firm Miller Samuel, while average prices fell 2.1 percent in the same period. “The Hamptons didn’t get clobbered like the rest of the country; it got bruised,” says Dottie Herman, CEO of Prudential Douglas Elliman real estate and a Southampton homeowner.
Southampton township, which encompasses Southampton village, Sagaponack, Water Mill and Bridgehampton, has seen a number of big sales. Apollo Global investment firm co-founder Marc Rowan got $28.5 million for his 9,000-square-foot Meadow Lane mansion — the most expensive deal so far this year — which he bought for $16.3 million in 2005.
Last year, New York Mayor Michael Bloomberg shelled out $20.4 million to purchase an 11-bedroom Georgian mansion in Shinnecock Hills. Supermodel Christie Brinkley quietly unloaded her beachfront bungalow in Water Mill earlier this year, after first listing it in 2007 for $7.9 million. And Water Mill resident Matt Lauer is increasing his holdings. He is said to be planning to build a horse farm on a 47-acre property he recently purchased, which had been listed at $10.5 million.
Now, in a surprise, median sale prices in Southampton township are more or less on par with those in East Hampton town, which also covers Amagansett, Montauk and Wainscott. For 2011, Southampton’s median sale price of $865,000 was up 8 percent from 2010, while East Hampton’s $875,000 median price was down 9 percent in the same period, according to real estate data provider Suffolk Research Service. Southampton prices are just 6.5 percent below the 2007 peak of $925,000, while East Hampton is 20.5 percent off its 2007 peak of $1.1 million.
Also on Meadow Lane, the five-acre estate of buyout king Teddy Forstmann, the IMG chairman who died in 2011 from brain cancer, is on the market for $34 million. The six-bedroom house comes with two hot tubs and an oceanside pool.
Stronger Southampton sale prices may have something to do with the greater availability of high-end listings there. “There are many more oceanfront sales in Southampton, typically pushing up Southampton numbers,” says Corcoran Group broker Gary DePersia.
Adds Town & Country Real Estate founder Judi Desiderio: “It does appear that the estate area of Southampton has drawn a greater audience than that of East Hampton. My hypothesis is that the demographics of the buyers of homes over $10 million is younger than ever. And to that end, the ‘easier commute’ to New York City is the impetus to this shift.” But one knock against the town (which is located about 13 miles west of East Hampton) is that “Southampton kind of rolls up the streets at 7 o’clock,” says one resident.
THE EAST HAMPTON MARKET
East Hampton — more accessible since hotelier Andre Balazs launched StndAIR last year with in-season flights to East Hampton Airport on an eight-passenger Cessna 208 (2012 prices unavailable) — hardly is declining in desirability. Kramer vs. Kramer director Robert Benton sold his 5,000-square-foot Mediterranean residence on a peninsula near Georgica Pond for $23 million in November. And a buyer pounced within a month on the Charles H. Adams estate built by Carnegie Hall designer William B. Tuthill. The 14-bedroom house was listed for $24.5 million in November. “A lot of people had money to buy the last two years; they just didn’t have the confidence to buy,” says Saunders & Associates broker Jay Flagg. “Those people have come into the market.”
But some feel East Hampton village has become too commercialized. “I mean, it’s like East Hampton mall now,” says fashion designer Nicole Miller, a resident of the quaint village of Sag Harbor to the north. And there may be signs that the disruptive party scene that’s unfolded at rented mansions over the years has hit a turning point. Last year, the Dunes, a luxury rehab facility ($105,000 for three months), opened in an eight-bedroom East Hampton mansion.
Some sellers have had to become more realistic about prices. Reality TV star Kelly Killoren Bensimon has chopped the asking price of her five-bedroom on Further Lane (where Bill and Hillary Clinton rented last September) by one-third to $8 million; it was listed in January at $12?million. “To be honest with you, I feel like my house is worth $12. But it’s not a mega-mansion and size matters to people out here,” says Bensimon.
Among those who have been spotted shopping for real estate in East Hampton are Jeff Zucker and his wife, Caryn, who currently own in Amagansett. Meanwhile, some are purchasing in traditionally undesirable areas north of the highway (Route 27), either for better deals or bigger spreads. The most expensive Hamptons sale in 2011 was billionaire investor Jeffrey Greene’s $36 million acquisition of the 55-acre Tyndal Point estate near Sag Harbor, an eye-popping sale made all the more surprising for not being in one of the more coveted areas to the south.
SUMMER RENTALS
With spring’s warm weather, “the rental market started early and strong,” says Prudential Douglas Elliman agent Dawn Neway. And, according to Corcoran Group’s Susan Breitenbach, almost all oceanfront property is spoken for. “They go very quickly, and people are going to the houses that are for sale to see if anybody will rent,” she says. “I have a couple of oceanfronts on the market for $30 million and the owners of one turned down $1 million to rent it.” Those are not unheard-of numbers for the Hamptons. Last year, billionare Igor Sosin — part of a wave of wealthy Russians laying down bucks on East Coast real estate — spent $860,000 to enjoy July and August in a mansion with a 3,000-square-foot master bedroom in Southampton. (By contrast, in Malibu, rentals rarely top $100,000 a month.) Many lower-priced options — in line with the five-bedroom house in Bridgehampton Gayle King is said to have taken at $70,000 for the summer — still are available, according to NestSeekers International agent Mohna Hoppe. “People were sort of lowballing the market,” says Hoppe. “Now homeowners are staying a lot firmer with the prices they are asking and they are getting rented.”
Sotheby International Realty’s Harald Grant says some potential buyers are opting to rent. “My brother’s house is on the market for $9 million,” he says. “He rented it for $450,00 for the summer and, guess what, the guy who rented saved $8.5 million.”
Or why not pay $550,000 to spend two weeks at the Sandcastle, developer Joe Farrell’s 11.5-acre gated property in Bridgehampton? The newly built 31,000-square-foot residence, on land purchased from the estate of late Atlantic Records founder Ahmet Ertegun for $4.5 million in 2007, is outfitted with a rock-climbing wall, baseball field, bowling alley, walk-in refrigerator, and a full bar and disco.
Although Farrell also is listing the home for sale at $43.5 million, he apparently wants to add new amenities, including equestrian facilities. Those plans already have sparked tensions with locals who have complained about the potential impact on noise levels and property values. One concerned citizen wrote a letter decrying Farrell’s supposed “blatant bully tactics.”
It just goes to show that Southampton and East Hampton still have one shortcoming in common: neighbors.

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Gimme Shelter: Water Millions
4/12/2012 – New York Post
Super broker Dolly Lenz of Prudential Douglas Elliman has sold her Water Mill mansion for $5.46 million. The 6,459-square-foot, seven-bedroom, 7 1/2-bathroom Hamptons home on Cobb Hill Lane is on 1 1/2 acres and comes with a carriage house, a pool and a tennis court.
Listing broker Tim Davis of the Corcoran Group also represented the unnamed buyer.
Lenz isn’t done with the Hamptons. She also owns an Ox Pasture Road estate across the street from Tory Burch’s property.

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Corcoran broker finds buyer for Dolly Lenz’s Hamptons abode
4/12/2012 – The Real Deal
Dolly Lenz, Tim Davis and the Water Mill mansion.
Dolly Lenz finally sold her East End mansion that’s languished on the market for nearly two years, the New York Post reported, with a closing price of $5.46 million. The Prudential Douglas Elliman vice chairman famously chose Corcoran Group’s Hamptons power broker Tim Davis to list the estate on Cobb Hill Lane in Water Mill.
Davis and Lenz initially listed the 1.5-acre property for $5.495 million in June 2010, and upped the asking a year later to $5.9 million, only for it to sell closer to the original listing price. The 6,459-square-foot home has seven bathrooms, seven and a half bathroom with an outdoor pool, tennis court, carriage house and four-car garage. Tim Davis also represented the buyer of the property.

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1.5 Months Later, $13M Bridgehampton Six-Bed Is In Contract
4/6/2012 – Curbed
Corcoran’s Tim Davis has had quite a stellar 2012 so far. Not only has he closed on “Beechwood” and 174 Further Lane and procured a contract for a Ward Bennett-designed contemporary at 1360 Meadow Lane, but he’s now found a buyer for another one of his $10M+ listings—a six-bedroom On Halsey Lane in Bridgehampton. The asking price on the south of the high way 2.5 acre spread? $12.995M. And, according to StreetEasy, it’s only been on the market for a little more than month. When this and the Meadow Lane property close, Mr. Davis will be about 3/4s of the way to the coveted $100M mark with just four sales…and it’s only April.

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Hamptons Real Estate: Sizing Up the Season
3/27/2012 – Gotham
A bowling alley, disco, baseball field—amenities abound at Bridgehampton’s 11.5-acre, $43.5 million Sandcastle estate (Corcoran)
Load your sports car with the Lily Pulitzer and Louis Vuitton totes, and grab a checkbook. Like a returning tide, the Hamptons vacation home market will continue to make its way back this summer, according to brokers, developers, and real estate analysts, after a choppy 2011.
Few expect houses to fetch pre-recession prices—just yet. But on the easternmost end of Long Island, across the 50-mile stretch of towns and villages that make up the Hamptons, brokers are confident that the getaway’s worst real estate days are behind it. “I am cautiously bullish on this season, even if everybody considers that to be broker babble,” says Gary DePersia, a Corcoran Group broker and 16-year Hamptons veteran. Prices are inching up. Sales inquires have been notably robust. And inventory that has languished since the post-Lehman-collapse period is finally off the shelves. “Everything feels more buoyant.”
If there is an upsurge, the Bridgehampton-Sagaponack corridor would seem to be on its crest, as home prices show. In the fourth quarter 2011, the average sale price in Bridge-Sag, which includes Water Mill and Wainscott, was $5.6 million versus $4.1 million in the year ago quarter, according to Corcoran Group data—a hefty 36 percent increase.
That tracks nicely with last year’s Forbes report that Sagaponack’s zip code, 11962, has the country’s third most expensive home prices. (Water Mill was number eight and Wainscott was number 29, while Amagansett—the next Hamptons town on the list—was 37.) In sharp contrast, East Hampton saw its prices tumble to $800,000 from $1.1 million, a 29 percent drop, the Corcoran figures show.
With little of the nightlife bustle of points east— after all, a prominent landmark is Candy Kitchen, a diner—and enough grassy fields to make you forget you’re near water, Bridge-Sag might seem an unlikely contender for the top spot on the trend meter. But that rural flavor is precisely the point, says Jim Oxnam, a broker with Brown Harris Stevens on the East End. “This is for people who want a country, open feel, to be around lots of undeveloped land,” he says. “That doesn’t really exist anywhere else [in the Hamptons].”
Others extol its relative accessibility, about two and a half hours in traffic in summer from Midtown by car, versus three and a half for East Hampton-Montauk. Plus, the Bridge-Sag area is not shoehorned onto a barrier beach. It’s sprawling, with lots of back roads, which means weekenders don’t always have to deal with the bumper-car mayhem of Route 27 to get to another Hampton, says builder Joe Farrell, who’s constructed large spec homes in the area for years.
In a move that offers a clue to the next frontier in Hamptons real estate, Farrell is now putting his chips on the area “north of the highway”—in other words, the inland side of Route 27 that had for years been seen as a no-go for wealthy weekenders, and where Farrell hasn’t built for years. “The stigma of the north has faded,” he says.
This winter, Farrell purchased a 10-acre former nursery on Deerfield Road, next to a plot where TV host Matt Lauer is developing a horse farm, where he plans on putting up seven spec homes priced from $4 million to $5 million, all with pools, which are de rigueur for the typical Hamptons weekender.
Price-wise, Farrell might be on to something. The $3.5 million to $5 million bracket has by far shown the most growth in the last year, according to data from Town & Country Real Estate; there were 49 sales at that level through September 2011, versus 38 in the same period in 2010.
At the $5 million to $10 million price point, sales have been flat, though the segment of the market just above it—call it the higher high end, or $10 million to $20 million—seems to be heating up like skin on Main Beach at high noon in July.
In fact, at the end of last year, a 6,000-squarefoot estate on East Hampton’s Highway Behind the Pond, as in Hook Pond, sold for $17 million, DePersia says. And it sat on a driving range of the Maidstone Club’s golf course, so there are “golf balls flying all around,” he jokes.
“The money always trickles down the LIE and ends up here”
The once-written-off-for-dead u¨ber-high end, too, has been active, though after hefty discounts. The biggest deal in 2011 was the $36 million purchase of 400 Ferry Road, in the North Haven section of Sag Harbor, by Jeff Greene, the former Florida Senate candidate. With a lagoon that evokes a “location for the next pirate movie,” according to its listing, the 55-acre waterfront parcel, known as Tyndal Point, boasts three houses and the option, via zoning, to build another six. However, it’s probably important to mention that this property was listed in 2007 for $80 million, which means it traded at a whopping 55 percent discount.
Still, there were other big-ticket sales, like the $25 million deal for a 9,000-square-foot mansion, styled like a French cottage, on Meadow Lane. Convinced those deals are a taste of things to come, brokers point to a transaction that took place this winter: the $25 million purchase of a century old, 11-bedroom Queen Anne on Lee Avenue, in the heart of East Hampton’s village. The property, designed by Carnegie Hall’s architect, William Tuthill, came on the market around Thanksgiving and immediately received several offers, brokers say. (As of press time, the property had not closed yet.) Few expect bidding wars to return en masse to the Hamptons soon; prices are still about 10 percent below their pre-recession peaks, though some were down 20 percent at one point.
Other areas have struggled, relatively speaking. Amagansett, which lies east of East Hampton, saw average prices fall 4 percent from 2010 to fourth quarter 2011, according to the Corcoran data. Why? Pinpointing what makes some Hamptons cool, or not, is about as easy as navigating the aisles of Citarella on a Friday night. And the evidence can often be contradictory.
Amagansett “is more laissez-faire and not as glitzy as some of the other Hamptons,” says Beate Moore, of Sotheby’s International Realty, who sold that Lee Avenue home. Then again, glitzier areas are not necessarily benefiting from that drop-off. Southampton, which seems to have lost some of its luster in recent years, suffers because “people can feel it is too formal, too Park Avenue,” Moore explains.
Yet it’s clear with each private jet that touches down at East Hampton’s airport, that the Hamptons has hardly been abandoned by the A-list. “Well-established people… doctors, artists, Wall Street types who never lost their jobs and have lots of money, they spend it as they want,” says Peggy Darling, a sales associate with Prudential Douglas Elliman.
Even members of the one percent like deals, though, which is why Darling steers clients to the area Remsemburg through Quogue, where a house can go for half, or possibly less, than properties further east, and sit within an hour and- a-half drive from New York. But nobody in the $5 million and below category appears to be jumping in headfirst. Some buyers now will rent for a year or more to test the waters, and there is a robust rental market to cater to them. While many renters may have reduced the length of their stay on the East End in recent years—instead of a full season, they took just an August rental—they came all the same, brokers say.
“The rental market is starting earlier and is more consistent,” says Michael Schultz, a senior vice president and associate broker at The Corcoran Group. “It used to be that people would come out right before Memorial Day, thinking they were getting a better deal, but I’ve already seen an uptick in rentals starting now.” Starter rentals might be found in Montauk, where a two-bedroom contemporary can run $20,000 for the season, or $10,000 a bedroom, though that’s up sharply in recent years on account of a lively nighttime and restaurant scene, including such spots as Surf Lodge and Ruschmeyer’s, which promise to prosper again this year. “Montauk is sort of the Downtown to East Hampton,” Schultz adds.
In the mid-market category—that is, from $100,000 to $200,000—a seasonal renter can end up with a roomy house with a pool, south of the highway, like in Bridgehampton, where a six-bedroom home built in 2005, with a stone and clapboard exterior, on Kellis Pond, is $200,000 Memorial Day to Labor Day.
The most dazzling $200,000 to $400,000 compounds, meanwhile, seem to be tucked this year in and around East Hampton. On Skimhampton Road is a six-bedroom contemporary designed by Robert A.M. Stern with a pool and tennis courts for $250,000, for the Memorial Day to Labor Day period; on Egypt Lane is a six-bedroom on almost two acres, also with pool and tennis, for $350,000 for July and August.
Are foreign buyers popping up in the Hamptons market as they have in Manhattan? Yes and no. Russians, who were highly visible a few years ago, seem to be less so now, brokers say, although overall demographics are widening: there are more Chinese, Brazilian, and even debt-crisis-stricken Europeans, brokers explain, in far greater numbers than a decade ago.
Across the board, rentals have inched up about 5 percent a year since the depths of the Great Recession (or 10 percent from pre-recession levels), says Bill Stoecker, a Town & Country broker; people who otherwise would have bought homes but sat out the market are putting pressure on rents, he says, adding, “The rental market has always been relatively strong, but it picked up a lot in the last four years with all the uncertainty.”
Stoecker also says that if the sales market improves this season, as many predict, don’t look for the rental market to soften—demands for rentals will still be huge, he predicts, as people still want to try the area before committing.
Ultimately, the Hamptons are a trailing indicator of what happens in New York, so when the city’s fortunes improve, the East End’s will quickly follow. Says Jane Gill, a vice president with Saunders & Associates, “The money always trickles down the LIE and ends up here.”

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Sotheby’s Plans May Forstmann Auction
3/21/2012 – New York Post
Business titans around the world are expected to battle it out in May over the coveted art treasures of the late financier Teddy Forstmann, which are expected to fetch as much as $150 million when they go up for auction in the spring.
Just five months after the 71-year-old’s death from brain cancer, the estate of the bachelor billionaire and philanthropist sent more than 50 prized artworks of his collection to the auction block at Sotheby’s.
The collection will first tour Hong Kong, London and Los Angeles to satisfy demands of wealthy art collectors in those areas to get up-close views of the pieces, said Sotheby’s.
“Teddy Forstmann strove for excellence in business and in life, which carried through effortlessly into his art collecting,” said Sotheby’s Stephane Connery.
Among the top pieces are Pablo Picasso’s portrait of his mistress, Dora Maar, “Femme assise dans un fauteuil,” which alone could fetch in excess of $30 million.
“There’s definitely going to be some very competitive bidding for the works,” said Eileen Kinsella, editor of ARTNewsletter. “Forstmann had a great eye.”
“Just because some of his Wall Street friends saw something hanging in his Hamptons house isn’t making them envy it more,” said Kinsella. “Big money is going after great art because it’s still one of last best investments around.”
Many of the artworks were at times displayed at Forstmann’s oceanfront home on exclusive Meadow Lane in Southampton. The 6-bedroom, 6 1/2 bath estate is also in the block for $34 million at Corcoran.
Forstmann, founder of leveraged buyout firm Forstmann Little & Co., had two adopted sons. He founded and supported the Children’s Scholarship Funds, and was a big donor to the Nelson Mandela Children’s Fund and the International Rescue Committee.

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Gimme Shelter: Hamptons-go-round
3/8/2012 – The New York Post
Adebayo Ogunlesi, a Nigerian finance executive, is buying venture capitalist John Pickett’s beach mansion on Great Plains Road in Southampton for $24 million — far less than its $38 million asking price.
Pickett, the former owner of the NHL’s New York Islanders, renovated the 17,000-square-foot mansion with architect Francis Fleetwood. Pickett bought the home, which comes with 200-year-old beech trees, for $5.5 million in 2001.
Corcoran Group listing broker Tim Davis declined to comment.
Meanwhile, Pickett is downsizing on the East End. He just bought a $3 million home on Cobblefield Lane in Southampton. That home was owned by Denis P. Coleman, a former executive at Bear Stearns.
Ogunlesi, former chief client officer at Credit Suisse First Boston, once clerked for Supreme Court Justice Thurgood Marshall.

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Mogul’s Homes Going On The Block
3/7/2012 – New York Post
A trophy penthouse duplex and a Southampton beach mansion that once belonged to Teddy Forstmann, the late billionaire bachelor businessman and philanthropist, are now on the market for a total of $70 million.
Forstmann, who personified the best of Wall Street, was known for his iconoclastic vision and business acumen, as well as his penchant for pretty girlfriends — his last gal pal was Padma Lakshmi.
He also had great taste in real estate.
In Manhattan, Forstmann lived in understated elegance — in a co-op on tony East 70th Street that is now asking $36 million. The 4,000-square-foot home is in a 14-story Rosario Candela building, across the street from Central Park on Fifth Avenue and the Frick Collection.
“Teddy was a major American icon — a financier who invented corporate takeovers and lived his life in an attractive, elegant manner — and his homes reflect that lifestyle,” a real-estate insider said.
The upstairs is basically a one-bedroom master suite, with a formal library/sitting room. The downstairs has two guest bedrooms.
There’s also a wraparound terrace with unimpeded views overlooking the Frick, Fifth Avenue and the park.
Valentino Garavini, the designer, lives in the building.
Sotheby’s brokers Serena Boardman and Meredyth Smith, who have the listing, did not return calls.
However, sources tell The Post that showings, which started yesterday, have been back-to-back.
Forstmann’s grand Southampton estate is for sale for $34 million. Listing broker Tim Davis, of The Corcoran Group, could not be reached for comment, but sources tell The Post that several parties are already interested in the estate, which is about to be officially listed.
The 9,000-square-foot home, with an oceanfront pool and tennis court, sits on four acres with more than 200 feet of oceanfront and clear views of Shinnecock Bay. It faces protected land. It was also the site of grand summer charity galas where Eagles star Don Henley rocked a crowd one year that included Gwen Stefani and Martina Navratilova.

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East Hampton’s 174 Further Lane Finds A Buyer One Year Later
3/5/2012 – Curbed
Looks like we’ve got ourselves another contender for biggest sale of the year: 174 Further Lane has entered into contract. Between this and Beechwood, Corcoran’s Tim Davis has certainly started off 2012 on a remarkably high note.
The seven-bedroom contemporary hit the market almost exactly one year ago with a $38M ask, but it wasn’t until February’s $6M chop that a buyer was found. We would hope that the soon-to-be new owner has a passion for astronomy. The “dreamy oceanfront Hamptons hideaway” comes with an amenity that Galileo would have appreciated: its very own observatory.
As always, feel free to leave your guesses for the final purchase price in the comment section.

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Rechler Equity Hosts East End Real Estate Community At Parrish Art Museum
2/21/2012 – Hamptons.com
Mitchell Rechler (Rechler Equity Partners) and Arlene Reckson (The Corcoran Group). (Eileen Casey)
Tim Davis (The Corcoran Group) and David Winzelberg (Long Island Business News). (Eileen Casey)

Southampton – Rechler Equity Partners, Long Island’s largest commercial real estate company, hosted a reception at Southampton’s Parrish Art Museum Thursday evening, February 16, to formerly introduce the East End real estate community to leasing opportunities available at the Hampton Business District at Gabeski.
The 50-acre business and technology center was awarded to Rechler Equity by Suffolk County in 2009 and is scheduled to break ground later this year.
According to Gregg Rechler, “We are very excited about this and have plans underway for a 32,000 square foot building and a 60,000 square foot building.”
At the event, Rechler Equity Partners Director of Tenant and Community Development Ellen Cea thanked the brokers for attending and provided an overview of the ambitious Hampton Business District.
“This will be the East End’s first and only Class A, multi-use business park,” Cea explained. “It is being designed to accommodate a wide range of businesses and users of all sizes, from manufacturing and R&D to biotech, medical, the culinary arts, showrooms for building-related trades, and state-of-the-art office space for professional firms serving the Hamptons. All of this will be in a spectacular setting right within Gabreski Airport that will include a full-service, 145-room hotel and even a day care center. The Hampton Business District will offer everything a business needs to flourish – just minutes from the beaches, restaurants, homes, and cultural and recreational attractions that make the Hamptons such a desired location.”
Buildings at the Hampton Business District will combine traditional materials with modern forms to create a new approach to industrial architecture that will be unique to the area. Totaling 440,000 square feet in seven buildings, available space at the park will range from 2,000 square feet up to 250,000 square feet. Zoned for general commercial use, the Hampton Business District will offer the latest in sustainable design and green technology and also feature outdoor recreational space for companies and their employees. Businesses locating there will be eligible for favorable tax benefits from the Suffolk County IDA and the NYS Excelsior Program. More information is available at www.hamptonbusinessdistrict.com.
The event held at the Parrish Art Museum brought out both commercial and residential realtors, as well as artichitects, designers and guests who gathered to show their support for this undertaking, and to also inform themselves as to the plans Rechler Equity has in place.
The Parrish function room was decorated with banners surrounding the room displaying information about Rechler Equity, while a large screen also displayed the accomplishments of the company.
Brokers from Prudential Douglas Elliman, Town & Country, The Corcoran Group, and others, as well as officers and members of the Westhampton Beach Chamber of Commerce, toasted the possibilities while catching up with old friends, and making new ones.
With tasty treats, an open bar, and a raffle, as well as a wonderful “networking” evening, all guests appeared to be having a great time, while welcoming Rechler Equity to the ‘hood.

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$38 Million Hamptons ‘Beechwood’ Mansion Sold
2/8/2012 – International Business Times
Curbed Hamptons reported that owners John and Robin Pickett put the property on the market for $38 million after working with architect Francis Fleetwood.
The home, at 171 Great Plains Road and called “Beechwood,” includes four-and-a-half acres of property, five fireplaces, a gym, wine cellar and 11 and a half bathrooms.
Tim Davis of the Corcoran Group was the broker.
The closing price hasn’t been revealed, but it could mark one of the most expensive home sales in the country.

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Properties of the Month
2/1/2012 – AVENUE
Built at the turn of the last century by apprentises of William Merritt Chase and his American Impressionist School, the shingled “cottage” is a vintage treasure that transports you back to the Gatsby era in Southampton. The noble 8,000 square foot showpiece, lovingly and expertly restored and expanded over the years, crowns three and a half acres of breathtaking grounds designed by renowned landscape architect Edwina Von Gal bordering a 10 acre reserve. A few of the highest-quality features include state-of-the-art kitchen, six stately fireplaces, glorious master suite, wine cellar, covered terraces, “destination” heated pool and lounge area. Come see for yourself. Co-Exclusive $6,975,000. Please contact Tim Davis at 631.283.7300×211

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Wall Street’s Cutbacks Nip at Hamptons
1/26/2012 – The Wall Street Journal
Home prices in the Hamptons slipped for the second quarter in a row, raising a question about whether a slowdown in Wall Street bonuses may be beginning to affect the luxury second-home market.
Median home prices were off 16.8% in the fourth quarter since a surge in sales in the 2011 second quarter and remain 29% below the peak prices in the spring of 2007, according to a new report by Prudential Douglas Elliman.
New York state Comptroller Thomas DiNapoli has forecast falling cash bonuses on Wall Street and a loss of 10,000 financial-sector jobs. One private compensation survey has said that bonuses are expected to shrink by an average of 20% to 30%.
Brokers and analysts said that it was too soon to tell whether the shrinking bonuses could lead to a setback to the otherwise recovering Hamptons second-home market.
“The wild card is how the decline in bonuses play out in the market,” said Jonathan Miller, an appraiser and president of Miller Samuel Inc., who prepared the market report for Prudential Douglas Elliman.
The market data showed that sales of the most expensive trophy properties on the South Fork remained stable.
But sales fell sharply for homes priced between $2.5 million and $4 million, a category that includes home buyers who can’t yet afford to live near the ocean in the most expensive enclaves “south of the highway.”
Tim Davis, a Corcoran broker who has sold some of the most expensive properties in the Hamptons, said that Wall Street bonuses are frequently part of the conversation with buyers.
Two Wall Street buyers now in contracts for houses costing less than $5 million north of Route 27 had applied for extra-large mortgages, just in case their bonuses fell short, he said. So far, he said, “There have been no complications.”
He said they were buying to take advantage of what “is very much a buyer’s market.”
The Elliman report put the median sale price in the fourth quarter at $780,000, down 8.2% from the third quarter and off 13.3% from the final quarter of 2010. The average price was $1.58 million.
The median price was driven down in part by a 16.3% increase in sales of lower-priced homes, which in the Hamptons means sales of less than $1 million, according to a separate report by Brown Harris Stevens.
Brokers say that Wall Street’s grip on the Hamptons has weakened over the years, as other buyers, entrepreneurs, real-estate developers, entertainment figures and foreign buyers have moved in over the years.
This makes it hard to distinguish between specific worries over bonuses and more general concern in the last half of 2011 over the economic fate of the U.S. and in Europe.
Andrew Saunders, founder of Saunders & Associates, a Hamptons-based real-estate firm, said the local real-estate market since the summer has closely followed the ups and downs of the economy, like “flipping a switch.”
“Whenever the news cycle tends to be a little positive, we really do see a reaction among our sidelined buyers,” he said.
Cia Comnas, who oversees Brown Harris Stevens offices in the Hamptons, said it was “premature” to conclude that bonuses were having a dampening effect on the market.
“A lot of buyers are pretty sophisticated these days,” she said. “When they start to see a well-priced product. they move on it.”

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2011

Sightings
11/3/2011 – New York Post
Developer Harry Macklowe and Corcoran Group broker Tim Davis dining at separate tables at Marea.

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Dibs on $9.5M Hamptons manse
10/20/2011 – New York Post
Michael Bruno, founder of 1stdibs.com, a home-design marketplace for professionals and amateurs alike, just closed on a $9.5 million Hamptons mansion. The 3,500-square-foot, cedar-shingled house on South Main Street in Southampton has five bedrooms and five bathrooms. Built in 1958, it sits on 1.7 acres and includes two fireplaces, a waterside pool and 245 feet of frontage on Lake Agawam.

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LI homes for sale with a history to tell
9/23/2011 – Newsday
Homes always are stories. Modern homes are short stories. Historic homes are novels. The Peace and Plenty Inn, for example, could be the tableau for a narrative about Colonial days.

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The Gardiner Estate: A Breath-Taking Property
8/23/2011 – PlumTV.com
Looking to buy? Tim Davis, Regional Brokerage Advisor for the East End joins Cristina Cuomo on Plum Daily. He describes the layout, architecture and more in the one-of-a-kind Gardiner Estate.

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Contemporary Comeback
8/12/2011 – Hamptons Magazine
Hamptons real estate experts talk industry trends and the shift toward modern design. Tim Davis Senior Vice President, Regional Brokerage Advisor, East End, The Corcoran Group What can you do.

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Best Sellers
7/29/2011 – Hamptons Magazine
TIM DAVIS The Corcoran Group Years in real estate: 31 Lives in: Southampton Notable Accomplishment: Consistently listed amongst the top 10 producing brokers on the East End.

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Windmill Lane Beckons
7/7/2011 – Hamptons Magazine
In a nod to classic Hamptons architecture this two-story pied-à-terre is reminiscent of a cottage gone extravagantly modern. Designed by renowned architect Frank Greenwald

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Summer, after the fall
6/22/2011 – The New York Observer
THE OUTLOOK FOR SUMMER IN THE HAMPTONS IS CLOUDS, CLEARING. And we’re not talking about the weather. 25 Winthrop Lane, Shelter Island, master bedroom deck.

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Arresting Lines
6/17/2011 – Hamptons Magazine
Explore Southampton’s mesmerizing dunescape and spectacular oceanfront from your living room.
Can’t choose which Hamptons view you prefer most? Have it all with this contemporary Southampton palace. With a light-taupe hue, this concrete and stucco six-bedroom home blends seamlessly with the adiacent sandy dunes, while its geometric structure clearly distinguishes it from its environment. Designed by renowned architect Ward Bennett, the beachfront dwelling is the epitome of modern sophistication. Thanks to floor-to-ceiling windows throughout, homeowners can enjoy spectacular glimpses of the ocean, bay or dunes from virtually every room. The sightlines continue to impress from the gunite swimming pool and tiled poolside deck, perfect for outdoor entertaining. Show guests to the all-weather tennis court encircled by mature trees for hours of summer activities before walking down to relax on the beach. Talk about the best of worlds. Listed at $24.5 million by Tim Davis, The Corcoran Group, Southampton, 283-7300.

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Bauhaus Beach Living
6/15/2011 – Hamptons Magazine
Can’t choose which Hamptons view you prefer most? Have it all with this contemporary Southampton palace. With a light-taupe hue, this concrete and stucco six-bedroom home blends seamlessly with the adjacent sandy dunes, while its geometric structure clearly distinguishes it from its environment. Designed by renowned architect Ward Bennett, the beachfront dwelling is the epitome of modern sophistication. Thanks to floor-to-ceiling windows throughout, homeowners can enjoy spectacular glimpses of the ocean, bay or dunes from virtually every room. The sightlines continue to impress from the gunite swimming pool and tiled poolside deck, perfect for outdoor entertaining. Show guests to the all-weather tennis court encircled by mature trees for hours of summer activities before walking down to relax on the beach. Talk about the best of both worlds. Listed at $24.5 million by Tim Davis, The Corcoran Group, Southampton, 283-7300

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Q & A with top Hamptons broker Tim Davis
6/10/2011 – The Real Deal

The Corcoran broker talks about the ups and downs of the East End market as the summer takes off, and, of course, having Dolly Lenz, of a rival firm, as a client

What may be fairly obvious is that Tim Davis, with 28 listings, worth about $292 million, is one of the top brokers in the Hamptons.

Harald Grant of Sotheby’s International Realty may have more listings in the wealthy beachside getaway, with 31, and for more expensive homes — a total of $378 million, with some prices not even disclosed. But Davis clearly is outmuscling agents like Peter Turino of Brown Harris Stevens, another major earner, whose 12 listings total $136 million.

Plus, the Corcoran Group’s Davis, a 30-year Hamptons real estate veteran, had a hand in last year’s biggest brokered deal: the $38.5 million sale of a colonial house on 15 acres to a group of buyers that included designer Tory Burch (the property was carved into three lots for the deal to happen).

Comfortably navigating the overlapping Hamptons circles of Hollywood and Wall Street, Davis also counts New York real estate bigwigs among his clients, like Mary Ann Tighe, CEO for the tri-state region at CB Richard Ellis, and Leslie Himmel, a managing partner at Himmel + Meringoff Properties.

But the real estate client that has really gotten tongues wagging recently is Dolly Lenz, the uber Prudential Douglas Elliman agent, who has apparently crossed party lines and chosen a Corcoran broker to help sell her Cobb Hill Lane home. That seven-bedroom Water Mill contemporary home, with a pool, tennis court and a carriage house, has lingered on the market for a year.

In a conversation with The Real Deal, Davis, who recently quit his management duties to concentrate on selling homes, offers his theory why an Elliman broker would turn to Corcoran for help; why the Hamptons property market is not out of the woods just yet; and why the trophy homes are actually doing well.

Elliman’s Laura Nigro was marketing Lenz’s house last year. Now you and Lenz have it as a co-exclusive. Why do you think Lenz turned to you?

I’m not quite sure. I have known Dolly for some time. And I think she was looking for new energy and added value with marketing and services that I can provide to the seller. Do I think it’s unusual? I think she is a smart business woman, and she’s looking to be creative about getting her property sold.

What it’s like working with Lenz, who many describe as a tough-as-nails broker who is the biggest agent in the country?

She definitely takes a hands-on approach like she does with all of her business. She is very involved with using photography. I had her house photographed several times by the same photographer. Then she had her own photographer come in and shoot it, and we used some of those pictures, too. And she chose the photos that would work.

In a soft market, why did you raise the price from last year to this year, to $5.9 million from $5.495 million?

It went up because she spent $1 million on renovations and redecorations in order to make the property fresh and new to the market, which is what most buyers are looking for. She completely refurnished the house, and staged it, if you will. She added moldings, replaced carpets and completely decorated it with new finishes, accessories, artwork… The property really looks fantastic.

The median sales price has dipped in the Hamptons in recent months, but you have said that the $15 million-plus market is a sweet spot. Explain.

That is accurate. There have been more sales of those homes since January than we saw in all of 2010 and in all of 2009, actually about 20 at that price point.

I think the diversification of assets on Wall Street explains it. Buyers are pulling funds out of the market to invest them. I now have six listings that are over $15 million, and I think I have a very good chance of selling three of those listings by the end of January. Now you’re probably going to check back in with me to see if I did it.

But overall, prices have dropped, fewer homes are selling, and those that do are taking much longer to do so. Why the struggles?

One of the challenges with our market is that we are not selling like-kind properties. It’s not like buying an apartment based on the view [or] floor plan. For us, it’s all very subjective. One view can add tremendous value to a home, but the one right next-door may not have that view, and will sell for much less. So, comps are very difficult.

Values are down 20 to 25 percent from 2007, and sellers have adjusted to reflect that pricing. There has not been an uptick in the market, but I feel it has stabilized. And our inventory is down from last year by about 6 percent.

But conventional wisdom suggests that vacation homes would be the first to be sacrificed in a tough economy.

We are different. This place is a lifestyle. People are not using these homes for two months but year-round. We’ve become much more of a year-round resort community. After Labor Day, a lot of East Hampton closes down. But more people are moving out of New York [City] and living here full-time. Cantor Fitzgerald has an office in Water Mill now. UBS has an office in Southampton, and so does Merrill Lynch. To a certain extent we have become a bedroom community, for those who need to go into the city three days a week.

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The top Hamptons firms
6/1/2011 – The Real Deal
East End firms jockey for position amid stabilizing market

After edging past Corcoran in 2010, Prudential Douglas Elliman this year hung on to its title as the largest residential brokerage in the Hamptons.

Over the past 12 months, Elliman’s total head count fell by one — giving it 319 agents. But that was still enough for the firm to maintain its position as the top residential real estate player in the Hamptons, according to The Real Deal’s annual ranking of the biggest East End firms by number of agents. (Meanwhile, the firm is facing challenges in the city. See “The trials of Douglas Elliman.”)

Corcoran remained in the No. 2 spot with 312 agents, but closed the gap somewhat, with six more agents than it had at this time last year. (Corcoran executives said the company has more than that number of agents, because some do not appear on the firm’s website, which The Real Deal uses to tally head counts for all firms because it’s more up to date than state licensing filings.)

In fact, rankings of the top five brokerage houses remained unchanged from last year — evidence of what brokers say is an increasingly stable market following a roller-coaster-like four years.

Brown Harris Stevens came in at No. 3 with 146 brokers. The No. 4-ranked firm, Town & Country Real Estate, added 21 agents, most of whom joined the firm through its acquisition of the Westhampton brokerage Phillips Beach Realty in March, bringing its total to 119. Sotheby’s International Realty rounded out the top five with 88 brokers and, along with Corcoran, dominated The Real Deal’s ranking of the priciest listings.

Meanwhile, three-year-old Saunders & Associates also continued its forceful pursuit of greater market share. The firm added 15 new brokers and jumped up a spot to No. 6. As The Real Deal reported online last month, it recently opened a new office in Southampton, and will be adding 13 more brokers there.

As a result, Saunders overtook Century 21 Albertson Realty, which saw its agent ranks drop to 45 from 57 last year.

The remaining firms on the top-10 list included Devlin McNiff, Daniel Gale Sotheby’s International Realty and WHB Real Estate.

While Town & Country had more new agents than any other firm on the list, its CEO said the company is “not aggressively recruiting. It’s more a function of whether it is a good fit,” said Judi Desiderio, who founded the firm in 2007. “It is really all about ‘who,’ not ‘how many.'”

Most of the brokers interviewed by The Real Deal said despite a recent dip in median and average sales prices, the market has been relatively healthy.

“The market seems to be moving in the right direction,” said Aspasia Comnas, executive managing director of Brown Harris Stevens for the Hamptons and North Fork.

“Revenue [for BHS] is up over last year, which in turn was up over the year before that,” she continued. “It is not back to the levels of the boom years, but then, I did not expect it to be in the Hamptons.”

To be sure, the general health of the market in the Hamptons has improved since the dark days of 2008 and 2009.

The average sales price in 2010 was $1.7 million — still off the 2007 peak of $1.8 million, but up from $1.5 million in 2009, according to the appraisal firm Miller Samuel. The number of sales in 2010 also rebounded to 1,632, up from 1,124 in 2009 and gaining ground on 1,917 in 2007, when the market was still roaring.

But the rankings come amidst a significant drop in sales prices and sales volume in the first quarter of 2011.

According to Elliman’s latest market report, the average sales price in the first quarter of 2011 — $1.2 million — represents a drop of 22 percent from the same period last year. And, perhaps more important, the number of sales was down almost 22 percent from the first quarter of 2010.

Anecdotally, many brokers said they were not seeing that kind of pain on the ground — so it might be a quarterly blip in the data, or it may be because those brokers made the biggest-brokerage list and are expanding their businesses.

“We are doing an awful lot of business and I can’t imagine that we are the only ones,” said Andrew Saunders, president of Saunders & Associates. “It doesn’t feel to me like we are down. It seems like there is more balance, and things are selling. This is not a declining market.”

But Town & Country’s Desiderio said there is still some noticeable slack in the marketplace. “After 29 years of monitoring our market in the Hamptons and on the North Fork, I can honestly say the great recession was the worst I’d ever experienced,” she said. “We are off the bottom, but it will be a long and arduous climb back up to the top.”

Meanwhile, eight-figure sales continue to dominate the headlines in the Hamptons.

Last month, a 55-acre waterfront North Haven estate known as Tyndal Point sold to real estate investor Jeffrey Greene for $36 million, making it the largest sale on the East End this year. The Corcoran Group’s Gary DePersia, who had the listing as a co-exclusive with Scott Strough of Strough Real Estate Associates, said it was the largest-ever residential sale north of the highway (Route 27).

And the market is still rife with eye-poppingly expensive listings, though some have seen major price chops and have lingered on the market. The priciest home currently for sale in the Hamptons market is Bridgehampton’s Three Ponds Farm, listed for $68 million with Susan Breitenbach of Corcoran. Harald Grant of Sotheby’s International Realty is marketing a four-acre estate on Hayground Cove in Water Mill for $58.5 million. Other high-priced listings include an oceanfront Wainscott property listed with Sotheby’s Ed Petrie and Julie Wolfe for $55 million, and a Southampton estate listed with Corcoran’s Tim Davis for $49.5 million.

Properties priced in the low- to mid-seven figures are also moving at a nice clip, according to several brokers. But in this still-shaky market, brokers echo their Manhattan counterparts and say that realistic pricing is still the key to getting a house sold.

“In 2005 and 2006, it was less about pricing and more about supply. Things were selling close to their asking price,” Saunders said. “Today the buyers are so educated and people know when they come into a house what similar houses traded for over the same period, so things have to be priced properly — whether that is $500,000 or $35 million.”

In addition, because it takes more work to get a house sold, the competition among brokerages in the Hamptons remains fierce.

Corcoran representatives refuted The Real Deal’s ranking, claiming that they were, in fact, the largest brokerage firm in the Hamptons. The last time they held that title, according to The Real Deal data, was in 2009.

The firm’s regional senior vice president for the East End, Rick Hoffman, said Corcoran has a “Referral Director Program,” which includes less active but legally licensed brokers who are not listed on the website. If those agents are counted, Corcoran would have 361 agents, surpassing Elliman (whose operations in the Hamptons are led by regional manager Paul Brennan).

Hoffman also claimed that Corcoran was involved in more than half of the transactions of $10 million and above in the past year, and that his firm had more listings and open houses than any other company.

One thing is for sure: With more seven- and eight-figure deals closing, the Hamptons continues to stand out as a welcome anomaly to a national housing market that has struggled to rebound. “I’ve been impressed and relieved,” said Hoffman. “It came back quicker than what a lot people predicted.”

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Rich Cribs: Prudential’s Dolly Lenz ups asking price
4/5/2011 – Newsday
Prudential Douglas Elliman Real Estate star Dolly Lenz has made a change on the listing for her Water Mill home — and it’s not a change in brokers. Yes, the seven-bedroom, 7.5-bath house is still a co-exclusive with Prudential’s East End rival, The Corcoran Group.

So what has changed? Lenz has increased the asking price for the 6,459-square-foot home to $5.9 million. Lenz, Prudential’s vice chair, had been asking $5.495 million. According to the re-listing with Tim Davis, who is the co-broker with Lenz, the house has just undergone “a major redecoration” with “fresh new interiors and a great floor plan.”

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Best Properties on the Market: Homes with elevators
3/18/2011 -The Week
Bridgehampton, N.Y. This five-bedroom home near the Bridgehampton beaches is located on Kellis Pond, adjacent to a buildable one-acre lot that is also for sale. Three floors of the house can be reached by elevator, and the property’s pool and pool house are easily accessible from the finished walkout basement. $3,795,000. Tim Davis, Corcoran Group Real Estate, (631) 283-7300.

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Go Further
3/17/2011 – New York Post
A stunning, two-story oceanfront mansion in East Hampton has just come on the market — for a whopping $38 million. The four-bedroom, 3,500-square-foot house, owned by a mystery banker who we hear is leaving the country, includes a pool and tennis court and sits on 3.5 acres on stately Further Lane. (Others on the street include Jerry Seinfeld and Helmut Lang.) Corcoran Group broker Tim Davis has the exclusive listing.

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HAMPTONS Real Estate Showcase
3/7/2011 – New York Magazine
RECALLING THE GREAT GATSBY

Originally built at the turn of the last century by apprentices of William Merrit Chase and his American Impressionist School, and beautifully restored and expanded, this 8,000-square-foot six-bedroom house at 56 Ridge Road in Southampton is one of the few remaining grand shingled cottages in Shinnecock Hills. Bordering a 10-acre reserve, its three-plus acres include gardens designed by the renowned landscape architect Edwina Von Gal. There are two master suites and two grand-style living rooms and a fabulous kitchen that opens into a large room all done up in reclaimed chestnut. The dining room features a built-in banquette in front of a fireplace (there are six wood-burning fireplaces throughout the house) and a circular wine cellar with a tasting area that is accessed through a stone archway. Other standout features include a library, gym, covered terraces, a heated gunite swimming pool and loads of custom-built-ins. $8.450 million.

TIM DAVIS | 631-283-7300 X 211 | THE CORCORAN GROUP

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Rich Cribs | Ward Bennett Home
3/5/2011 – Newsday
Another Meadow Lane oceanfront estate in Southampton has just hit the market, with a price tag of $24.5 million. Built in 1978, the 4,000-square-foot contemporary style home designed by noted American architect Ward Bennett, has six bedrooms, five bathrooms, three fireplaces, a game room, a library, a gunite pool and an all-weather tennis court. Tim Davis of The Corcoran Group is marketing the property.

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Real estate firm honors brokers
2/21/2011 – Newsday
The Corcoran Group, a residential real estate firm, gave out its 2010 East End sales awards last week at Della Femina restaurant in East Hampton.

Susan Breitenbach won both the top sales agent by units and volume and the top exclusive listing agent. She was also named top producer of one of two Corcoran Bridgehampton offices, and a co-winner of the South Fork deal of the year award, which she shared with the team of Jack Pearson, from her office, and Cee Scott Brown of Corcoran’s Sag Harbor office.

Tim Davis (center in the photo above), won the top deal of the year award. Davis appears with Corcoran President and CEO Pamela Liebman, left, and Executive Vice President/ Director of Sales, Teresa Hall.

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The Corcoran Group Celebrates East End Award Winners
2/18/2011 – Hamptons.com
The Corcoran Group, New York’s largest residential real estate firm, announced the recipients of its 2010 East End sales awards on February 15, 2011. Corcoran President and CEO, Pamela Liebman, and co-hosts, Corcoran Executive Vice President, Director of Sales, Teresa Hall and Regional Senior Vice President, East End, Rick Hoffman, were joined by more than 150 Corcoran agents and employees at the ceremony and celebratory cocktail reception held at Della Femina restaurant in East Hampton.

The Top 2010 Sales Agent award was presented to Susan Breitenbach who was also named Top Exclusive Listing Agent, Top Producer of 1936 Bridgehampton, one of two Corcoran Bridgehampton offices, and a co-winner of the South Fork Deal of the Year award which she shared with the team of Cee Scott Brown and Jack Pearson of Corcoran’s Sag Harbor and Bridgehampton 1936 offices, respectively.

Among other top performers honored were Tim Davis of the Southampton office, who won the Deal of the Year award, Cee Scott Brown and Jack Pearson who took home the Top Team award and Zachary Vichinsky of the Westhampton office, who was named Rookie of the Year.

The evening celebrated the “outstanding performance in salesmanship that Corcoran achieved in 2010,” according to Liebman, who congratulated all on another “fantastic year.” She continued, “Tonight we honor the winners and thank every person for their individual and collective contribution to the year’s exceptional achievement.”

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Another Chop
2/18/2011 – Newsday
While the size of Tory Burch’s company continues to go up, the price of her Southampton home continues to go down. Just reduced to $14.75 million, the six-bedroom, 81/2-bath home is on 4.5 oceanfront acres, according to Propertyshark .com. The clothing and accessories designer’s property is co-listed with Eve Combemale of Sotheby’s International Realty and Tim Davis of Corcoran.

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Rich Cribs: Lloyd Harbor’s Kenjockety in Contract, and More
2/15/2011 – Newsday
NEW TO MARKET. Another Meadow Lane oceanfront estate in Southampton has just hit the market with a price tag of $24.5 million. Built in 1978, the 4,000-square-foot contemporary style home designed by noted American architect Ward Bennett, has six bedrooms, five bathrooms, three fireplaces and even its own game room and library. The home is on two ocean front acres with views of Shinnecock Bay and comes with a gunite pool and an all-weather tennis court.

“The quintessential beach house has everything needed for carefree summer living,” says listing agent Tim Davis of The Corcoran Group.

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Rich Cribs: Price Cut
2/11/2011 – Newsday
While the size of Tory Burch’s company continues to go only up, the price of her Southampton home continues to go down. Just reduced to $14.75 million, the six-bedroom, 8.5-bath home is on 4.5 oceanfront acres, according to Propertyshark.com. The clothing and accessories designer bought the property from her then-soon-to-be ex-husband in early 2009 for $22.5 million (they originally purchased it as a couple in 2005 for $14 million). Burch abandoned plans to flatten it and then put it on the market for $17.9 million; she lowered it to $16.75 million last June. She has subsequently purchased property less than five miles away. The property is co-listed with Eve Combemale of Sotheby’s International Realty and Tim Davis of The Corcoran Group.

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Best Places to Live: The Hamptons
2/1/2011 – The New York Times
Three properties now on the market in Amagansett, Southampton and Bridgehampton illustrate the range of luxury options in that bucolic neck of the woods. Completed last summer, 50 Meeting House Lane, the first home in line for LEED certification in Amagansett, has been on the market for six months, and is now being offered at $6,295,000. Although “green,” the house is traditionally designed with six bedrooms and eight-and-a-half bathrooms by a renowned Park Avenue architect, and is within walking distance of the restaurants, shops and beaches nearby. “The solar panels, which are not visible from the front of the house, the geothermal heating and cooling system, and the entire orientation of the house and the 45-foot gunite pool and pool pavilion, create a wonderful environment for summer living and entertaining that maximizes the offered shine,” said Jeanette Schwargerl, listing agent for the property with Brown Harris Stevens. “The heating and cooling system is connected to the Internet, so anywhere you are in the world you can go onto a phone app and check on and adjust the temperature in the house. You can warm the house on your way out from the city, or check on it if you are away to make sure everything is okay.” Tim Davis, senior vice president and regional brokerage advisor for Corcoran East End, is marketing two unique Hampton’s properties. Beechwood, at 171 Great Plains Road in Southampton, is huge at more than 17,000 square feet but it doesn’t feel overwhelming, said Davis.
Beachwood, the four-and-a-half-acre estate at 171 Great Plains Road in Southampton, recreates the feel of an English country manor. Photo: Barney Sloan.
The $38 million, 4.5-acre estate, with nine bedrooms and eleven and-a-half bathrooms, was designed by architect Francis Fleetwood to recreate an English country manor house, and maximize the views of an alley of 200-year-old beech trees. “The goal was to make it look like it had been there for q long time, as opposed to something that looked out of place and brand new,” noted Davis. “This house is of considerable size, but you don’t have that out-of-place feel. When you see it, it is actually very understated. The rooms feel intimate, and never too big.”
At $9.5 million, 121 Pauls Lane in Bridgehampton is developer Christopher Peluso’s ninth project in the Hamptons. The l.4-acre, eight-bedroom, nine-and-a-half-bathroom property, completed in November, features a 55-foot entertainment space along the back of the house that overlooks the pool, the tennis court and the horse farm that adjoins the property in the distance. “The market in the $7- to $l0-million range has been very active since the end of the year, and at the very high end, above $20 million, there have been more sales recently than we have had in the last couple of years,” added Davis. “Some new pricing has settled in, so the properties that are on the market reflect the new realities of the marketplace. It has taken a while, but now we have had enough sales that we can start to establish real comparable values since the collapse.”
Developer Christopher Peluso’s 121 Pauls Lane in Bridgehampton rests on 1.4 artfully manictured acres.

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2010

Eisenhower Kin Sells Old Mansion In Southampton
12/11/2010 – The Wall Street Journal
A historic 19th-century Southampton mansion owned by Anne Eisenhower, a granddaughter of the former president, has found a buyer, brokers said, in one of the most significant sales of the year in the Hamptons.

Harald Grant, a broker at Sotheby’s International Realty who represented Ms. Eisenhower, confirmed that the three-story house, with a pool and tennis court, was in contract and due to close before the end of the year. He declined to provide details.

The 12,000-square-foot house has been on and off the market for the past few years, brokers said, with a recent asking price of $35 million. Even not knowing the final price, brokers said it would likely rank as the second or third highest sale of the year in the Hamptons.

“We came to a price that was acceptable to us,” Mr. Grant said.

Ms. Eisenhower is a socialite active in many charity events as well as an interior designer. One East End broker said that Ms. Eisenhower has been looking for a smaller, easier-to-manage home in the Hamptons.

Property tax records show that she owns the mansion with her husband, Wolfgang Flottl, an investment banker and art collector. He was convicted in Austria in 2008 on charges he played a role in covering up investment losses at an Austrian bank linked to the failure of Refco, a New York financial-services firm. An appeal is pending.

Ms. Eisenhower was said to be traveling, and didn’t respond to several messages left at her New York office.

The house, originally known as Claverack, was built in the 1890s and was one the first oversized “cottages” of the original summer colony that sprang up in what is known as the estates section in Southampton Village. The house was modeled after a Dutch colonial mansion, with dormer windows and a peaked roof, that was built near Albany in the 18th century for a member of the Van Rensselaer family, one of the original families to settle in the Hudson River Valley.

The wife of the original owner was a descendent and gave the house its Dutch name. A later owner Americanized it and renamed it Keewaydin, the northwest wind in the poem “The Song of Hiawatha” by Longfellow. “It is one of the greatest houses of the original summer colony,” said Gary Lawrance, an architect and author of a book on houses in the Hamptons.

The house was originally part of a 30-acre estate, Mr. Lawrance said, with gardens designed by the Olmstead brothers, but all but 10 acres have been sold off. Now brokers said part of the grounds could be sold off again, for two additional housing sites. The house is protected as part of a Southampton Village historic district, but years ago, the site was partitioned into three separate building lots.

Papers filed with Southampton Village in connection with the sale show that the buyers plan to take title to the property using two separate limited liability companies—one for the mansion, and the other for the other two potential building lots.

Jim Ferrer, a Sotheby’s broker, represented the buyers, whom he declined to identify. “The deal is cloaked in confidentiality,” he said.

Ms. Eisenhower paid about $5 million for the property in the mid-1990s, during a market downturn, brokers said. The current deal shows how much values have risen in the Hamptons, even in properties far from the beach, despite the slump in prices and sales in recent years.

The highest price for a home in the Hamptons on a deal to close this year was the $43.5 million sale of a 6.5-acre estate in Sagaponack. The estate, with a 6,200-square-foot oceanfront home was sold by Joanne Corzine, the ex-wife of Jon Corzine, the former New Jersey governor and senator, to David Tepper, a hedge-fund manager.

Tim Davis, a Corcoran broker, said while the high-end market in the Hamptons remained price-sensitive, it was coming back faster than other market sectors. “This sale is telling us that the high end of the market is resetting itself,” he said.

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Chopping Trees
12/2/2010 – New York Post
The price of the 115-acre Two Trees Farm estate in Bridgehampton just received a whopping price chop. Once listed for an astounding $95 million, the property is now on the market for $55 million, which includes development rights. Or, for those looking to spend a bit less, 73 acres can be purchased without development rights for $20 million. That includes a renovated 17th-century farmhouse (about 4,000 square feet), a caretaker’s home, a pool, a tennis court and an equestrian facility with stalls for 100 horses.

The historic farm, owned by David Walentas, the father of DUMBO, is currently the site of the annual Mercedes-Benz Polo Challenge. Walentas bought the estate for $2 million in 1993. Corcoran Group broker Tim Davis has the listing. We hear that two finance hotshots from the city have already asked to see the newly priced property.

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The Corcoran Group Appoints Senior Managing Director Of Southampton Office
11/5/2010 – Hamptons.com
Bridgehampton – The Corcoran Group has appointed Philip O’Connell as Senior Managing Director of the company’s Southampton office. A Hamptons native and longtime East End attorney, O’Connell will oversee all phases of the thriving Corcoran Southampton office which for 20 years has been managed by Tim Davis, the veteran 30 year broker and former principal of Allan M. Schneider, Associates. O’Connell will focus on agent career development and sales revenue.

“I am pleased to have Philip as the newest member of Corcoran’s dynamic East End Management Team. Working directly with our agents to assure they remain the best, most professional agents in this market, Philip will be an invaluable resource for our Southampton agents and Corcoran’s East End team as a whole,” said Rick Hoffman, Corcoran Regional Senior Vice President, East End.

Drawing on his own proven professional accomplishments as a real estate lawyer with extensive experience in sales management, O’Connell is well equipped to help agents – both new and experienced – to take their business to the next level. According to O’Connell, “Sales agents tend to hit several plateaus throughout their careers. One of my greatest assets is the ability to assess a situation, identify a salesperson’s unique skills, and assist them in developing a detailed tactical plan to raise the bar higher than they might have ever imagined.”

Raised in East Hampton, Philip earned his BS degree in Economics from the University of North Carolina at Wilmington, and was awarded a JD from Tulane University Law School. Most recently, he worked in legal consulting as a vice president, and as an independent consultant and attorney. He resides in East Hampton with his wife and two rescue dogs from the Animal Rescue Fund of the Hamptons. He serves as a volunteer firefighter in East Hampton, and is extremely dedicated to all aspects of his community. Though he has traveled to many places, Philip has always been glad to come back to his roots in the Hamptons, which he considers one of the most beautiful places in the world.

Former Southampton Managing Director, Davis will now assume the new position of Corcoran’s Regional Brokerage Advisor, East End. Davis will continue in his highly successful career as one of Corcoran’s top sales associates as a Senior Vice President in the Southampton office.

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New Manager at Corcoran
11/4/2010 – The East Hampton Star
The Corcoran Group has appointed Philip O’Connell, a real estate lawyer with a background in sales management, as the new senior managing director of the company’s Southampton office. Tim Davis, who previously held the position, has become Corcoran’s East End regional brokerage adviser.

Mr. O’Connell, who lives in East Hampton, will focus on agent career development and sales revenue at his new post.

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The Corcoran Group Appoints Senior Managing Director Of Southampton Office
11/2/2010 – Hamptons.com
Bridgehampton – The Corcoran Group has appointed Philip O’Connell as Senior Managing Director of the company’s Southampton office. A Hamptons native and longtime East End attorney, O’Connell will oversee all phases of the thriving Corcoran Southampton office which for 20 years has been managed by Tim Davis, the veteran 30 year broker and former principal of Allan M. Schneider, Associates. O’Connell will focus on agent career development and sales revenue.

“I am pleased to have Philip as the newest member of Corcoran’s dynamic East End Management Team. Working directly with our agents to assure they remain the best, most professional agents in this market, Philip will be an invaluable resource for our Southampton agents and Corcoran’s East End team as a whole,” said Rick Hoffman, Corcoran Regional Senior Vice President, East End.

Drawing on his own proven professional accomplishments as a real estate lawyer with extensive experience in sales management, O’Connell is well equipped to help agents – both new and experienced – to take their business to the next level. According to O’Connell, “Sales agents tend to hit several plateaus throughout their careers. One of my greatest assets is the ability to assess a situation, identify a salesperson’s unique skills, and assist them in developing a detailed tactical plan to raise the bar higher than they might have ever imagined.”

Raised in East Hampton, Philip earned his BS degree in Economics from the University of North Carolina at Wilmington, and was awarded a JD from Tulane University Law School. Most recently, he worked in legal consulting as a vice president, and as an independent consultant and attorney. He resides in East Hampton with his wife and two rescue dogs from the Animal Rescue Fund of the Hamptons. He serves as a volunteer firefighter in East Hampton, and is extremely dedicated to all aspects of his community. Though he has traveled to many places, Philip has always been glad to come back to his roots in the Hamptons, which he considers one of the most beautiful places in the world.

Former Southampton Managing Director, Davis will now assume the new position of Corcoran’s Regional Brokerage Advisor, East End. Davis will continue in his highly successful career as one of Corcoran’s top sales associates as a Senior Vice President in the Southampton office.

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Philip O’Connell Is Appointed To Senior Managing Director of the Southampton Corcoran Office
11/2/2010 – Dan’s Papers
The Corcoran Group has just announced some changes and has appointed Philip O’Connell Senior Managing Director of the company’s Southampton office. O’Connell is a Hamptons native and longtime East End attorney, and will oversee all phases of the Corcoran Southampton office which for 20 years has been managed by Tim Davis, the veteran 30 year broker and former principal of Allan M. Schneider, Associates. Philip will focus on agent career development and sales revenue.

“I am pleased to have Philip as the newest member of Corcoran’s dynamic East End Management Team. Working directly with our agents to assure they remain the best, most professional agents in this market, Philip will be an invaluable resource for our Southampton agents and Corcoran’s East End team as a whole,” said Rick Hoffman, Corcoran Regional Senior Vice President, East End.

Former Southampton Managing Director, Tim Davis, will now assume the new position of Corcoran’s Regional Brokerage Advisor, East End. Tim will continue in his successful career as one of Corcoran’s top sales associates as a Senior Vice President in the Southampton office.

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Southampton Feels Wintertime Blues
10/22/2010 – The Wall Street Journal
Winter is usually an uphill battle for businesses along Main Street in Southampton, but the past couple of offseasons have been particularly hard for area retailers, leading to the shuttering of several mainstays.

As a destination for affluent vacationers and those with second homes, Southampton has generated brisk summer business for many retailers, although last summer’s results were well below par for the peak season. But this winter, the lagging effects of the economic downturn are taking a toll on Main Street that has included some longtime retailers.

Leading the recent departures is Saks Fifth Avenue, which closed the doors on its majestic brick building, a former site of Southampton City Hall, on Oct. 9 after doing business in Southampton for nearly 60 years.

The company cited sluggish sales as the reason for the closure.

“The Southampton store did not meet the Company’s profitability standards,” said Julia Bentley, a spokeswoman for Saks, in a written statement. “The planned closing is consistent with our strategy of focusing our resources on our most productive stores.”

Locals mourned the loss of a landmark. “I’m saddened—it’s been there since I was a kid,” said Mary Callahan, 53 years old, who drove to the store from East Hampton, unaware that it had closed. “But I’m not surprised,” Ms. Callahan added. “I’ve been shopping online and only came in for makeup sometimes.”

Opened decades before most of the restaurants and boutiques on Main Street, the store had become a fixture in the community. “I did all my Christmas shopping at Saks for years,” said Bob Schepps, president of the Southampton Chamber of Commerce.

And just steps from Saks, year-round retailers Marie Chantal, a high-end children’s boutique, and Max Studio, a luxury fashion chain, have closed in the past few weeks.

A Max Studio official said the decision to close the Southampton store was a “difficult one, after many successful years,” and added that the company was seeking out larger spaces under a new retail strategy. Marie Chantal officials couldn’t be reached to comment.

And just off Main Street on Jobs Lane, the Diane von Furstenberg fashion boutique also has closed. While also a year-round location, a company spokeswoman said the Southampton store wasn’t intended to be permanent.

The Hamptons, on the southern fork of Long Island, were becoming more of a year-round destination in recent years. But recent economic woes are making it harder for local retailers to remain profitable with only the summer to fall back on.

“It was a seasonal issue during our best years,” said Michael Leclerc, owner of Renaissance, a vintage-clothing boutique on Main Street in Southampton for 18 years. “But in the last couple of years, we’ve had 40% to 50% reduction in sales—we are suffering.”

Recent economic woes are a key factor affecting consumer confidence, according to local retailers.

“People who live here are shopping at Tangers [an outlet mall] because even people with money aren’t spending the same way they did five years ago,” said Joann Hale, a sales associate at Complements lingerie boutique. “It’s the nouveau riche that go out and spend without hesitation—Southampton is a lot of old money.”

Business experts in the area see a number of different factors bearing down on retailers along the strip, ultimately turning a challenging environment into an impossible one for some.

“Retail in the area had been under pressure from Internet sales, Tanger outlets and high rental costs for years,” said Mr. Schepps. “But with the market conditions in the past couple of years, it’s a perfect storm.”

The effects of the downturn aren’t limited to retail in the area. Real-estate listing prices in the town are being slashed by the millions to attract buyers.

“Sellers who’ve had their properties listed for a while—some at a high price—are realizing nothing is happening,” said Janet Hummel, a partner with Town & Country Real Estate in the Hamptons. “Things are not like they were back in ’07.”

Still, others reason that weak market conditions are forcing sellers to come to grips with reality. A classic estate cottage in Southampton that was originally listed at $17.5 million was reduced to $13.5 million over the summer and was eventually sold at that price in August.

“You can’t price your property based on prices from even a couple of years ago,” said Tim Davis, senior managing director at Corcoran Group in Southampton, who currently has several listings currently on the market at reduced prices. “No question, prices have come down and in some areas they are 25% to 30% off from the high.”

Peter Turino, a broker with Brown Harris Stevens in East Hampton, says the market in Southampton is starting to emerge from a dark period last year. “The story of 2010 is a leveling story,” said Mr. Turino, “and that’s not all bad considering we were in so much trouble in 2009.”

Given the economic climate, local business owners say it is no surprise that discounters are the only retailers doing well.

“Since Labor Day, this place looks like a ghost town,” said Karen Leclerk, co-owner of Renaissance boutique. “But you walk into T.J. Maxx in Bridgetown and it’s like Christmas in there.”

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Rich Cribs: A Brookville house with a tanning room, and more
8/30/2010 – Newsday
FORMER SHOW HOUSE: A Southampton mansion with ties to the Vanderbilt family has gone into contract. The asking price for the Great Plains Road home is $14.25 million, according to the The Corcoran Group’s website. Westlawn, the former summer cottage of Mrs. Edward Tiffany Dyer, granddaughter of tycoon Cornelius Vanderbilt, is a six-bedroom, 5 ½-bath traditional home designed by architect F. Burrall Hoffman. The mansion has been owned for many years by the family of the late businessman Emmet Blot. In 2003, the home served as the location for that year’s Hampton Designer Showhouse. The three story dwelling features a 60 foot Gunite pool and a three-car garage. The listing agent is Corcoran’s Tim Davis.

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Deeds & Don’ts
8/24/2010 – Hamptons Cottages & Gardens
On the sizzling side, one of the season’s biggest celebrity purchases comes from fashion designer Tory Burch, who bought the Westerly Estate on Ox Pasture Road in Southampton. Burch paid $16.5 million for the late Howard Gittis’s home, a 25-room Georgian estate with grounds worthy of a European chateau. Built in 1929 by the architectural firm Hiss & Weekes, the property also comes with a pool and tennis court. One highlight: the backyard is a meadow with what seems like endless fields of green grass.

The interiors feature hand-plastered vaulted ceilings, a grand foyer with a curved staircase and a spacious living room. New York architect and designer Daniel Romualdez is updating and decorating Burch’s home. Tim Davis from Corcoran had the listing.

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It’s Free to Look Hamptons: 127 Main Street, East Hampton
8/19/2010 – New York Observer
‘Great Stone House’

This is a true real estate miracle. One twenty-seven Main Street has been transformed from a mess to a modest $29 million piece of property, fresh on the market, waiting for a buyer.

From a piece of junk to an expensive Hamptons jewel, how did they do it?

“It was completely run-down,” Tim Davis, a real-estate agent for Corcoran in Southampton, told the Wall Street Journal earlier this summer. “It was really quite a mess.”

The property was originally designed by the Architectural firm Wyeth and King and built in the late 1930s for Robert Lion Gardiner, apparently one of East Hamptons most prominent residents, the Corcoran listing says.

And meticulously refitting and restoring a great stone house on a 5.5 park-like acre plot of land is not a quick task. The property is on the market now after a five-year renovation.

If you are less interested in the construction history, maybe this will sway you. The property sits on a “tree lined village street set back behind a high hedge.” Sounds nice!

If you still aren’t sold, check out all the press this place has gotten, which the listing so conveniently makes available. In addition to the Journal, Newsday, Curbed, and The Real Deal have all wanted to know about 127 Main Street. It must be good.

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Agency news
8/16/2010 – 27 East
The Real Deal recently ranked the top 10 real estate brokers in the Hamptons by adding up the total dollar amount of held listings so far this year. The information used to determine the ranking was taken from each agency’s website in early June and doesn’t include sold properties.

Leading the pack is Harald Grant of Sotheby’s International Realty, who at the time of the compilation had 26 listings with a combined asking value of nearly $652 million. His listings include Two Trees Farm in Bridgehampton, which is currently listed at $75 million and Three Ponds Farm in Bridgehampton, which is listed at $68 million.

Susan Breitenbach of the Corcoran Group came in at number two with 33 listings totalling $606 million.

Tim Davis, also at Corcoran, was ranked number three for holding 17 listings worth a total of $272 million.

Another experienced Corcoran agent, Gary DePersia, ranked number four with 19 listings totalling $222 million.

Beate Moore from Sotheby’s rounded out the top five with 17 listings totalling $221 million.

Ed Petrie of Sotheby’s came in at number six for holding 13 listings totalling $138 million. Dana Trotter, also of Sotheby’s had four listings worth a combined $122 million.

Christopher Burnside with Brown Harris Stevens, ranked number eight and was the first agent on the list not affiliated with Sotheby’s or Corcoran. He represented seven listings totalling $111 million.

Enzo Morabito of Prudential Douglas Elliman, who works with a team of several agents, including Cynthia Beck, Greg Geuer, Amy Fitzpatrick Martin and his son, Tim Morabito, held eight listings totalling $99 million.

Rounding out the top 10 was Peter Turino of Brown Harris Stevens, who held six listings totaling nearly $90 million.

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Gallery
8/4/2010 – Brokers Weekly
Nancy Hardy, Prudential Douglas Elliman Real Estate (far left), and Tim Davis, the Corcoran Group, (far right) assisted at the groundbreaking for The New Parrish Art Museum in Water Mill, New York. Designed by architects Herzog & de Meuron, the new facility will triple the Museum’s exhibition space and allow for the simultaneous installation of its permanent collection and temporary exhibitions.

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The Hamptons’ Heaviest Hitters
8/1/2010 – The Real Deal
While the Hamptons market has severely suffered for the last two years as buyers have steered clear of second homes, deals are finally closing again — albeit with price cuts and negotiations.
According to data from Suffolk Research Service, the total value of home sales on the East End dropped from $784 million in the first quarter to $777 million in the second quarter (still 96.2 percent higher than the year-ago quarter). But the number of home sales continued to increase.
This month, The Real Deal looked at the crème de la crème of the East End market and ranked the 10 Hamptons brokers with the highest dollar volume of listings over the $5 million mark. (Think tennis courts, horse stables and guest houses.)
The listings — which were all active exclusives or co-exclusives listed on each firm’s website in early June — offer a unique insight into the movers and shakers for many of the top Hamptons properties.
While the data doesn’t include closed sales, it clearly shows which brokers are attracting the biggest listings. At the front of the pack is Harald Grant of Sotheby’s International Realty, who had 26 listings with a combined asking value of nearly $652 million. The No. 2 broker, Susan Breitenbach of the Corcoran Group, had listings worth a total of $606 million.
Those two, along with all Hamptons brokers, are feeling the market boost. In the second quarter, the median sales price in the East End dropped a bit, from $720,000 to $710,000, but that still surpassed the first-quarter median sales prices for the past five years. (In 2007, its previous peak, it was $690,000, according to Suffolk Research.) In general, “the trend is up, and we expect it to continue,” said George Simpson, the president of Suffolk Research Service.
That is, unless there is a “W-shaped recovery,” meaning a double dip into another recession before a sustained rebound.
In the meantime, the sun has started to shine again for those in the Hamptons real estate business. Of course, the 10 brokers on The Real Deal’s list aren’t the only prominent brokers in the Hamptons. Some other high-profile brokers that sources mentioned are: Diane Saatchi, who left Corcoran in January with her team to join the boutique firm Saunders & Associates; Prudential Douglas Elliman brokers Paul Brennan and Vince Horcasitas; and Sotheby’s agents Molly Ferrer and Marilyn Clark.
For a guide to those with the most expensive listings, however, see below for our who’s who.
2. Susan Breitenbach
A broker frequently in the Hamptons spotlight, Susan Breitenbach, a senior vice president at Corcoran, took the No. 2 spot on The Real Deal’s ranking with a stunning 33 listings worth a total of nearly $607 million. Breitenbach is sharing the $68 million listing for Three Ponds Farm — which features an 18-hole golf course, a grass tennis court, a 75-foot pool and three stocked fishing ponds on more than 60 acres — with Grant, above. Breitenbach also has the $34 million listing in Bridgehampton for a 26-acre parcel at 94 Highland Terrace that can be purchased in its entirety or broken into several $6 million lots.
Breitenbach keeps it all in the family. Her son, Matthew, a Corcoran vice president, is part of her sales team, and husband Stephen is a popular custom East End homebuilder. She told The Real Deal that she’s marketing all of well-known builder Jeffrey Collé’s estates, with one listed at $40 million and another at $35 million — but some of those listings are being shared with other brokers.
Of the current market, Breitenbach said, “I never worked so hard in my life.” But she also attributes her success to the technological savvy, creativity and energy of 27-year-old Matthew, who set up the team website and handles videos and other high-tech advertising.

3. Tim Davis
Tim Davis, a senior managing director who runs Corcoran’s Southampton office, ranked No. 3 with 17 listings worth a total of $272 million. Currently Davis is handling the marketing of the Gardiner estate in East Hampton, a stone mansion built on 5.5 acres in the late 1930s that was recently renovated and listed for $29 million last month.
Davis said he’s had to do price-chopping on some properties — a $16.5 million property was reduced to $14.25 million — but “nothing dramatic.” In fact, the 30-year Hamptons real estate veteran said most people are more realistic about the market now than they were three to five years ago.
“It’s easier to align buyers and sellers,” he said.
Davis said in a challenging market like this one, a broker has to ensure that sellers have gotten the proper market exposure. “I had a sale last year where the property was featured on the garden tour,” Davis said. “You have to think outside the box.”

4. Gary DePersia
Rounding out a Corcoran hat trick, senior vice president Gary DePersia had 19 listings, for a total value of $222 million. DePersia has the distinction of marketing the 55-acre waterfront oasis Tyndal Point — which can be subdivided into six lots and was listed at $45 million last month. He also has the $28 million listing for Sagaponack Greens, 40 acres of rolling farmland ready to be subdivided into eight lots.
Contrary to conventional wisdom, not all East End properties have lingered on the market longer during this rough stretch, DePersia said. Still, he said he sold a property in June that he’d been marketing for three years.
“It’s all a function of what it is,” DePersia said. “I’ve had some things this year that have come on and sold rather quickly.”
Grappling with the challenging market, DePersia, who has three assistants, said he’s stepped up already-aggressive advertising efforts.

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It’s Free to Look Hamptons: 160 Ox Pasture Road, Southampton
7/26/2010 – New York Observer
If your mansion sits on more than nine acres, you have to do something with all that space. Why not construct an enormous athletic complex and consign the leftover land to “incredible landscaping”? Why not build such an elaborate estate that the Corcoran listing just throws up its hands and says the amenities are “too many more to mention”?
Why not? Because it costs $49.5 million. But hey! If that sounds like chump change to you, keep reading.
With that kind of cash on the line, the property has to have a history dating back at least to 1915—which, luckily, this one does. Having been “lovingly restored,” the 18,000-square-foot palace features “intimate elegant rooms, many with fireplaces.” But the real treats are outside: The yard includes “rose gardens,” “flowering shrubs,” “evergreen perimeters” and, our favorite, “old trees.” The other amenities are “resort-like”: two pools (one indoor, one outdoor), a tennis court, a paddle court, a carriage house, a four-car garage and, oh yes, a gymnasium. The listing says “no expense was spared,” and we finally understand what that means.

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Best Sellers
7/16/2010 – Hamptons Magazine

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Green Acres
7/9/2010 – Hamptons Magazine
Envision yourself approaching your very own little house on the prairie. Except this one’s not so little. This $38-million, nine-bedroom mansion-set on four and a half beech-tree-filled acres-boasts five fireplaces, a separate staff-quarters wing and bathrooms galore. Climb the grand staircase, or use the Destiny elevator to reach a charming master suite complete with a private sitting room, office, kitchenette, balcony overlooking the estate and your very own safe room with thick fireproof walls. Toast guests in the media and billiards room with vintages from your custom wine-storage area, then work off those extra calories at your gym, tennis court or pool. Good-bye, city life. Listed by Timothy Davis, The Corcoran Group, Southampton.

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Coastal Living Highlights Top Hamptons Broker’s House
6/28/2010 – Newsday
The makeover of a cottage owned by a top Hamptons real estate broker is featured in the June issue of Coastal Living.
The 930-square-foot Southampton guest cottage of Tim Davis, a senior managing director at The Corcoran Group, and his wife, Susan, was completely revamped. The once plain and drab cottage is now a charming blue-and-white cottage with a classic shingle-style, located in the Cedar Crest area of Southampton.
It’s the epitome of Hodgson kit architecture, but was in much need of some updates, according to the article.
Interior designer John Bjornen of Sag Harbor’s Bjornen Design added fresh white paint and new furnishings to instantly update the house. Bjornen also vaulted the ceilings and widened the room openings to make the house appear larger, the magazine reports.
The designer says that it’s less daunting for people to update the inside of their homes because the “renovation is more contained,” he says.
And how do the homeowners like their new cottage?
“It exceeded my expectations,” Davis raves.
This property now has two bedrooms, two baths and an extended deck. It overlooks Davis Creek and Peconic Bay.

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Gardiner mansion in East Hampton hits market for $29M
6/9/2010 – Newsday
What, exactly, will $29 million buy you out east this year?

Well, you can get luxury on the grandest scale — a sprawling stone mansion perfectly restored, in the heart of East Hampton.

Set on 5.4 acres and screened by hedges, the 2½-story house has a pool and Provencal garden plus an elaborate veranda. Indoors, there are 10 bedrooms, four fireplaces, an updated kitchen, a formal dining room, a living room, a library and a media room. There also is a separate carriage house with an apartment.

Built in the 1930s, the house was originally home to the Gardiner family, who own Gardiner’s Island. It was occupied, until his death in 2004, by Robert David Lion Gardiner. It is currently owned by real estate investor Shahab Karmely, who purchased the property in 2005 for nearly $9 million and renovated it for nearly $10 million.

“Very seldom does a home of this prominence and pedigree come to the market for sale in perfect condition,” says Tim Davis, senior managing director of Corcoran Group real estate, which has the listing.

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On Offer in Hamptons
6/8/2010 – The Wall Street Journal
Asking Price for Restored Gardiner Estate Is $29 Million

One of the Hamptons’ most elaborate restoration projects has gone on sale for $29 million.

The historic home, known as the Gardiner Estate, was owned and occupied for decades by Robert David Lion Gardiner, a descendant of the prominent Long Island family that has owned Gardiner’s Island for nearly 400 years. The 3,300-acre island, between the South and North Forks of Long Island, is still owned by the family. Mr. Gardiner died in 2004 at age 93.

The current owner of Gardiner Estate in the Hamptons, Shahab Karmely, is a New York-based real-estate investor. Records show he purchased the 5.4-acre property and house for nearly $9 million in 2005. Mr. Karmely declined to comment.

The home’s listing agent, however, says Mr. Karmely put at least $10 million worth of improvements and updates into the home, built in the 1930s.

“It was completely run-down,” says Tim Davis, a real-estate agent for Corcoran in Southampton who also represented Mr. Karmely when he bought the home. “It was really quite a mess.” Several bathrooms weren’t functional, windows had been painted shut and the roof had leaks.

Using historical photographs and documents, some found stored in a wine cellar at the home, Mr. Karmely was able to get a sense of what the stone-built home and its landscaping looked like in its heyday.

He also has made upgrades, including adding geothermal heating and a closed-circuit TV system that monitors the home from 32 security cameras. A climate and security system can be accessed from afar by computer.

The home’s 8½ bathrooms are now all functioning, and many of them have custom slab marble and heated floors. All the home’s arched French doorways have been restored, along with its windows.

An old elevator has been replaced with a new one. Several fountains have also been added, as has a large, original U-shaped hedge in the front of the home along a stone path that has been restored. There’s also a mahogany screening room.

The home, which is a short walk from East Hampton village, maintains its original 1930s layout, with a grand entry foyer flanked by a formal dining and living room. Originally set up for a prominent family that likely had an extensive support staff, one wing of the house has five bedrooms meant for the help near a butler’s pantry and laundry room.

There are also five main bedrooms and a two-bedroom guest apartment above a carriage house, which has its own kitchen. Mr. Karmely and his wife, Libby, have since hosted a 2008 Nature Conservancy benefit.

Real estate in the Hamptons has picked up momentum in the first quarter of this year, according to a report released in April by Prudential Douglas Elliman Real Estate. The number of sales more than doubled compared with the first quarter of 2009.

But brokers in the area say despite growth in sales volume and price the luxury market (there were 28 home sales at $5 million and above during the first quarter of 2010, up from seven in the year-earlier period), sales in the $20 million-plus range have languished.

Though there are a few other listings in the $30 million-plus range in the Hamptons this summer, most others are spec homes or houses that were custom-built in the past decade.

Mr. Davis says the Karmelys are selling the home because they plan to spend more time in Europe.

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Hamptons Gardiner estate on sale for $29M
6/8/2010 – The Real Deal
One of the Hamptons’ most elaborate restoration projects, the Gardiner Estate at 127 Main Street in East Hampton, has gone on sale for $29 million, the Wall Street Journal reported. Once occupied by Robert David Lion Gardiner, a descendant of the prominent Long Island family that has owned Gardiner’s Island on Long Island or nearly 400 years, the current owner of the estate is Shahab Karmely, a New York-based real estate investor. Records show he purchased the 5.4-acre property and house for nearly $9 million in 2005. The home’s listing agent, Tim Davis of the Corcoran Group, however, says Karmely put at least $10 million worth of improvements into the five-bedroom, eight-and-a-half-bath home, which was built in the 1930s. Karmely also made upgrades, including adding geothermal heating and a closed-circuit TV system that monitors the home from 32 security cameras. Davis says the Karmelys are selling the home because they plan to spend more time in Europe.

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Former Gardiner Estate Hits Market for $29M
6/7/2010 – Curbed
The one-time estate of an old Long Island family, the Gardiners, has entered the marketplace for an unworldly $29 million. But the fun doesn’t stop there! The estate also encompasses an unheard of 5.4 acres of land—right on East Hampton’s Main Street.
The property’s history starts in 1934, when the Gardiners commissioned the above mansion to replace a previous homestead, which was destroyed in a hurricane. A few decades later, it traded to real estate developer Shahab Karmley and his wife, Libby. The two put the house through a five-year renovation, found historic documents and photographs in an old wine cellar (read: buried treasure!!!), and even hosted the Beaches and Bays Gala, which earned the place a spread in Vanity Fair. But the stories that unfold as the couple tries to unload $29 million worth of blood, sweat, and tears (in this market?) might be its best.

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Properties of the Month
6/1/2010 – AVENUE
This 6,000-plus-square-foot traditional residence with sunlit vaulted interiors, 7 bedrooms, west-facing terrace with gunite pool, 4-car garages, detached carriage house with studio and bath and a north/south tennis court offers great value, This complete, pristine offering is located on 1.5 private acres in a convenient south ¬of-the-highway location. The home and property is clearly one of the best values on the market today, $5,8 million, Please call Tim Davis at 631 ,2 83,7300 ex, 211.

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The 2010 Power List
5/28/2010 – Hamptons Magazine

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On the waterfront
5/13/2010 – New York Post
A pristine piece of Southampton land with more than 1,000 feet of waterfront is just hitting the market for $36 million. The two-parcel, 8-acre property, off of Captains Neck Lane, is owned by descendants of Standard Oil founder Henry Rogers. The land includes a modest 2,800-square-foot cottage (with a detached two-car garage), which will likely be a tear-down for the next owner. The Corcoran Group’s Tim Davis has the listing.

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Two Southampton lots sell for $24.5 million
5/11/2010Source: Newsday
Two adjacent four-acre parcels in Southampton Village recently sold to an unnamed buyer for $24.5 million. The Captain’s Neck Lane land was owned by Danmi, LLC, backed by developers Bruce Lifton and Jason Green.

Tim Davis of The Corcoran Group and Harald Grant of Sotheby’s International Realty were exclusive co-listers on the property, and Harald Grant and Corcoran’s Rik Kristiansson worked with the buyer.

The nearly nine acres of waterfront property was purchased by Danmi LLC in 2007 for $21.3 million, and subsequently divided into two lots. In 2009, Danmi presented plans to Southampton Village to build an 11,000-square-foot home on one of the lots. Grant cited a confidentiality agreement in not divulging the identity of the buyer, but says that plans are afoot to build two homes, one on each lot. “It’s wonderful property, with over 600 feet of waterfront and beautiful docks,” Grant says.

Tim Davis says that the property, which is situated on Heady Creek, is, “one of the most prime locations, and one of the few bodies of water within the village with access to Shinnecock Bay and the ocean. It’s quite unique.”

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Monster Deal
4/29/2010 – New York Post
Here’s more proof the Hamptons are back in the money. Developers Bruce Lifton and Jason Green just sold nine vacant acres on Captains Neck Lane in Southampton for $24.5 million — the East End’s biggest deal of the year so far, reports The Post’s Jennifer Gould Keil. Brokers Harald Grant and Tim Davis had no comment, but sources say the buyer is a powerful South American family building a compound with 500 feet on Shinnecock Bay.

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Thinking of Summer
4/25/2010 – The New York Times
WITH spring having settled in and summer not far behind, it is tempting to let your mind wander to the Hamptons, where the lucky few will cool off when temperatures rise while the rest of us wade along steamy city sidewalks.

One of the fortunate, Charlotte L. Beers, a longtime advertising executive who served as an under secretary of state in the George W. Bush administration, just closed on a four-bedroom house in East Hampton for $4.7 million.

The house, which is near Georgica Beach, was designed by the architect Deborah Berke.

“It’s a very slick, beautifully appointed house,” said Ms. Beers’s agent, Beate Moore of Sotheby’s International Realty. “But the most important thing is that she liked it.”

The house was listed by Peter Huffine, a broker at the Corcoran Group. He declined to comment.

Ms. Beers was the head of two advertising agencies — JWT and Ogilvy & Mather — and spent her career selling brands like the American Express Card. Then, in late 2001, she was hired to improve America’s image abroad.

The choice to place Ms. Beers — who had no diplomatic experience — in such a role raised some eyebrows at the time. Secretary of State Colin L. Powell defended her before the Senate Foreign Relations Committee by telling its members: “Well, guess what? She got me to buy Uncle Ben’s rice. And so there is nothing wrong with getting somebody who knows how to sell something.”

Ms. Beers resigned from the State Department in 2003, citing health reasons. She is now on the board of Martha Stewart Living Omnimedia.

Dueling Water Views

The real estate mogul Aby Rosen, a co-owner of RFR Holding, bought a $5.36 million bayfront home on Meadow Lane in Southampton — across from the oceanfront home he already owns on Meadow Lane.

His new house has three bedrooms and three baths on 1.2 acres, as well as a boat dock. Tim Davis of the Corcoran Group was the listing agent on the property. The closing was in late January.

Mr. Rosen’s old house, which he bought in 2001 for $6.8 million, does not appear to be on the market. But he is trying to sell a limestone town house on East 94th Street in Manhattan, which he bought for $8.8 million in 2005. It has been on and off the market with different brokers since the end of 2008, when it had a sticker price of $29.5 million. Last week he lowered the price to $22.9 million.

Mr. Rosen is said to have a remarkable collection of art. It seems he’s off to a nice start collecting waterfront homes in the Hamptons, too.

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The Bonus Bounce
2/7/2010 – The New York Times
IF the mix of optimism and uncertainty that pervades the New York residential real estate market right now can be symbolized by one property, a leading candidate may well be the penthouse at 1055 Park Avenue.

The two-bedroom two-bath duplex, atop a new all-glass condominium building on the narrowest of lots in one of the most exclusive of neighborhoods, went on the market on Oct. 5, at an asking price of $9.3 million. Within 17 days the price was slashed, to $7.5 million. And there it has stood.

Now, at last, a buyer has come along who wants to make an offer. But one thing is holding him back. He won’t proceed until he learns the exact dollar amount of the bonus he is expecting from his employer, a Wall Street bank.

And so it is with much of the New York-area market, from downtown lofts to Hamptons mansions. With the outsize bonus returning to Wall Street this year, brokers and sellers are holding their breath. For the past few months there have been signs that the market is reawakening, and an infusion of “banker cash” could be just the catalyst it needs to spark a full-fledged recovery.

But just how powerful a force the bonus money will be is still in question. For all the bankers showing up at open houses, deal after deal seems to be in limbo, its fate hinging on bonus money, as with the penthouse at 1055 Park.

“The bankers are back,” said Pamela Liebman, the president of the Corcoran Group. But, she said, this year the effect is “more about the confidence than the cash.”

By that she means that reports of large bonus pools at Wall Street firms have contributed to an overall sense among prospective buyers that things are getting better, not worse. And brokers say that the rise of the stock market last year, along with very low mortgage rates and prices that have sunk a good 20 to 25 percent below 2007 highs, had already started to calm the nerves of buyers at all income levels. Now there is a growing sense that the best deals will be history once the bonus buyers start signing contracts.

In one indication of increasing interest in higher-end properties, searches for listings of New York City homes priced above $2 million and above $5 million on the real estate search engine Trulia.com have grown significantly. In December 2009, the latest full month for which figures were available, searches for homes over $2 million grew 24 percent compared with December 2008. Searches for homes priced above $5 million increased 13 percent over the same period.

No one expects a return to the days when a banker, bonus in hand, went out, looked at five fancy properties in a day and picked one. Brokers say that Wall Street clients are much more careful in their shopping and deal-making these days – and that, like everyone else, they are looking for bargains.

“Even my customers who are billionaires are shopping smart,” said Susan Breitenbach, a senior vice president at Corcoran in the Hamptons. Another change: many bonuses – particularly those of the highest echelon of earners – will be paid in stock this year, not cash, a curb on any impetus toward reckless spending.

Nevertheless, some transactions that seem more reminiscent of 2006 than the past year are starting to emerge:

In the Hamptons, a buyer from Wall Street paid $19 million for an oceanfront property in Sagaponack last month. Word is he plans to tear it down.

A three-bedroom condo at 1 Morton Square in the West Village went on the market for $2.75 million in early January. It was snapped up in just four days, for more than the asking price. There were three all-cash offers – from a Goldman Sachs banker, from a banker at another Wall Street firm, and from someone in “new media,” said Darren Sukenik, the listing broker and a managing director at Prudential Douglas Elliman.

The banker from the other Wall Street firm prevailed.

“It’s like this flight to sanity,” Mr. Sukenik said. People in finance aren’t using their bonus money to buy “a red Ferrari or two weeks in St. Barts,” he explained. “Now they’re using their bonuses to enter smart, sound real estate purchases.”

Given the outrage in some quarters over bonuses, house-hunting recipients are both discreet and reluctant to be interviewed.

“More important these days than ever before is anonymity, doing it under the radar,” said Tim Davis, a senior managing director at the Corcoran Group, who has been selling real estate in the Hamptons for 30 years. Most Wall Street buyers, he said, are “staying away from high-profile properties, saying, `I don’t want to be seen as buying X.’ ”

Stephen Seremetis, 37, an executive director of investments at Oppenheimer & Company, is in contract to buy a 2,994-square-foot loft in a new Jersey City development called Mercury Lofts at the Beacon. The space has a 60-foot living room, 20 windows and, he says, “phenomenal views” of the Statue of Liberty and the Manhattan skyline. (Amenities in the complex include a Bloomberg box, a clear sign that the place is catering to the Wall Street set.)

Mr. Seremetis said he was content with his bonus this year, but he stressed that it was not his only reason for buying. Instead, he said, after a year of searching in Manhattan, New Jersey and Long Island City, he became convinced that prices had fallen as low as they were going to go.

“It’s more the value now,” he said. “Real estate has bottomed out, and it’s time to step in.”

Mr. Seremetis paid under $1 million, he said, for a half floor of space – a bargain by Manhattan standards.

Traffic is up markedly at open houses all over the city for apartments with asking prices over $1 million, and buyers who work in finance account for 40 to 75 percent of the crowd. More than 100 people turned out for an open house for a two-bedroom in the Village a couple of weeks ago. The elevator broke, but people took the stairs without complaining.

Last Sunday, a frigid winter day, Kathryn Higgins, an associate broker at DJK Residential, accompanied clients to an open house at a prewar co-op in the East 80s. So many people showed up, she said, that “for the first time in two years, I had to wait in the lobby. My mouth was hanging open.”

Although reports of large bonus pools at a number of firms have been widespread, some employees have yet to hear their personal “number.” That will happen over the next several weeks.

Karin Posvar-Picket, a senior vice president at Corcoran, recently reached a deal on a four-bedroom condo for more than $4 million at the Georgica on the Upper East Side. But, she said, the buyer “is waiting for his bonus to hit” before he proceeds with the closing.

One of her colleagues, Ms. Breitenbach in the Hamptons, had an offer on a property from a Wall Street buyer; the owner responded with a counteroffer. A day went by, but she heard nothing from the bidder. Ms. Breitenbach called his broker to find out what was going on. The answer: The buyer’s bonus was to be paid in stock, and he had to see how much he could borrow on it before he could raise his offer.

Wise bankers know that it’s best not to put the cart before the horse even when a fat payout is anticipated. Adrienne Albert, the chief executive of the Marketing Directors, a marketing and sales agent of residential real estate, said her firm lost a bonus-inspired sale at the Crystal Point luxury development on the Jersey City waterfront. The buyer, who had already signed a contract, backed out when she learned that her bonus would be smaller than she had hoped.

“It was heartbreaking for us,” Ms. Albert said.

But, behemoth bonus, so-so bonus or no bonus at all, buyers appear to be stirring from their fear and torpor. Take the recent bidding on a one-bedroom condo with a terrace on East Ninth Street.

The property was first listed in June 2009. “We were holding open houses diligently every other week,” said the broker, Tristan Harper, a senior vice president at Prudential Douglas Elliman. But the traffic was almost nonexistent. “Zero to five parties, max,” Mr. Harper said. The seller took the property off the market for the December holidays, then put it back on in early January in hopes of benefiting from a bonus bounce. At the first open house, 18 parties showed up, 30 to 40 percent of them from Wall Street. Mr. Harper was stunned.

Within a day he had an offer. It was under the asking price of $1.049 million, but the owner was able to negotiate for a little more.

While the place was in contract, the seller received a significantly better offer – above the asking price – from two men. One of them worked on Wall Street.

Then the original bidder matched that offer with all cash. In the meantime, a third offer came in, but the specter arose of all three bidders’ fleeing if a bidding war ensued, so the seller never really entertained it. The first bidder won, at a price slightly over asking.

“It was like the good times again,” Mr. Harper said.

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Fashionable Acquisition
2/5/2010Source: Newsday
Designer Tory Burch has paid $16million for a portion of the Westerly estate in Southampton.

The sale closed two weeks ago.

Tim Davis of The Corcoran Group confirms that Burch purchased six acres of land and the 25-room Georgian Revival mansion once owned by the late attorney Howard Gittis. Davis says a neighbor has paid $16.5 million for the remaining 7.3 acres on the former estate.

A carriage house on the estate is now also in contract for $6 million. That sale will close in a few weeks, Davis says.

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Tory Burch buys $32.5M estate
1/23/2010 – New York Post
Somebody has been selling a lot of tunics. Tory Burch just closed on her $16 million deal to buy the late Howard Gittis’ mansion on Ox Pasture Lane in Southampton, reports The Post’s Jennifer Gould Keil. The house comes with six acres. An unnamed neighbor is buying the rest — 7.4 vacant acres for an additional $16.5 million, bringing the total deal to $32.5 million. Together, it’s the biggest Southampton sale since the economic downturn and especially noteworthy since it’s on a fancy street in the tree-lined “estate section” — but not on the ocean. Corcoran’s Tim Davis had the listing.

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2009

Southampton inn goes on market for $24.75 million
12/15/2009 – Newsday
The historic Village Latch Inn in Southampton just went on the market for $24.75 million.

The White family has owned the five-acre property for at least 30 years. Members led the restoration and the annexing of several outbuildings in the mid-1970s. The outbuildings – including the Terry House, the Potting Shed, Homestead East and Homestead West, to name a few – were originally a part of the adjacent Merrill Lynch estate.

Today the complex features a grand lobby, a Victorian greenhouse, private villas, a pool, tennis courts and more. The property is very close to downtown Southampton.

“The property is unique in Southampton village because it has pre-existing zoning conditions that allow for all kinds of possibilities like condos, town houses or a spa and on a year-round basis if desired,” says listing agent Tim Davis of The Corcoran Group.

Currently the Inn is open from mid-April to mid-November.

The list of celebrities who have stayed at the Inn is long; it includes Carly Simon, Michael J. Fox and Isabella Rossellini. Matt and Annette Lauer had their wedding on the property. It’s also been the site of photo shoots and corporate retreats.

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Southampton’s Westerly cottage on market for $6.75 million
11/25/2009 – Newsday
If you couldn’t afford the $45 million asking price earlier this year for the Westerly estate in Southampton, perhaps the 1,900-square-foot carriage house that was once part of the property is more in your price range.

The two-story home dates from 1929, and has three bedrooms, two baths and a fireplace on 1.8 acres. It is listed for $6.75 million with Tim Davis of the Corcoran Group.

The abode comes with its original brick fa‡ade and slate roof, tennis court and three-car garage.

The Westerly estate in its entirety was previously owned by the late attorney Howard Gittis. In September, the estate’s 25 room brick Georgian Revival mansion went into contract for a reported $40 million. Designer Tory Burch is said to be involved in the deal to purchase the main house.

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Tory story
10/1/2009 – New York Post
We hear that designer Tory Burch has bought the Howard Gittis home at 500 Ox Pasture Lane in Southampton. Sources say the mansion and an adjacent parcel of land was sold separately to Burch and another buyer for around $40 million.

While the residence had been on the market for years, Corcoran Group broker Tim Davis split up the estate into different parcels to attract buyers. Burch bought the house, and a neighbor bought an adjacent parcel because he didn’t want to see anything developed on the land. Perhaps Burch will now sell the Meadow Lane oceanfront home she won in her divorce settlement from Chris Burch last year.

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17 Corcoran Teams and Agents Among Year’s Top Producers
8/1/2009 – Mann Report Residential
An unprecedented 17 Corcoran agents and teams were recognized among the ‘The Real Estate Top 400’, a national ranking of 2008’s top-producing agents and teams generated by The Wall Street Journal, Lore Magazine, and REAL Trends.

Power-broker Carrie Chiang and her team earned the top-ranking team spot in the country in terms of sales volume, having sold more than $500 million in properties in 2008. In May, Chiang was also named the top Manhattan agent by The Real Deal.

In addition to The Carrie Chiang Team’s first-place national standing, seven other Corcoran teams placed in the top 100 producing teams by sales volume. These teams include: Sharon Baum’s team; Kenny and Meris Blumstein; The Robby Browne Team; The Cliff Partnership headed by Patricia Cliff; Deborah Grubman and Carol Cohen; The Deanna Kory Team; and The Sherry Matays Team-all based in Manhattan.

Nine Corcoran agents were also named among America’s top-selling individuals by sales volume, including: Susan Breitenbach, Timothy Davis, Gary DePersia, and Sheri Winter Clarry from the East End; Leighton Candler, Maria Pashby, and Lauren Muss from Manhattan; and Paulette Koch and Jim McCann from Palm Beach.

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On olden pond
7/16/2009 – New York Post
A spectacular estate on Hook Pond in East Hampton — near the almost exclusively WASP-members-only Maidstone Club — just hit the market yesterday for $22.5 million.

The house sits on 3.1 acres at the address 42 Highway Behind the Pond. It comes with 300 feet of waterfront with a dock and is part of the Mary de Liagre estate. At 3,500 square feet, the five-bedroom home, built in 1903, is grand in a charming, old-money, non-showy kind of way. But it comes with the option of building out to 14,000 square feet. There’s also a boathouse and cottage, which need work.

Actor Robert Montgomery bought it in 1959, and his then-20-year-old daughter Elizabeth, the future star of “Bewitched,” enjoyed it as well. The de Liagre family has owned it since the early 1970s.

Sotheby’s listing broker Ed Petrie had no comment. An unofficial open house yesterday is already the buzz of the East End.

“I have several clients anxious to see the property,” says Corcoran Group broker Tim Davis.

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Broker Breakdown
7/10/2009 – Hamptons Magazine
TIMOTHY DAVIS The Corcoran Group Years in real estate: Nearly 30 Lives in: Southampton East End elite: Top-selling and top-listing broker in the Hamptons exclusively

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The 2008 Real Estate Top 400
6/4/2009 – The Wall Street Journal
Top 100 Agents by Sales Volume

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The New Trickle Down: House Sales To Ailing Mortgage Revenues
5/27/2009 – Hamptons.com
East Hampton – Well those brokers that predicted heavy traffic this summer may be right. This past weekend, right before Memorial Day, was indeed heavy. Last minute renters coming out? Realizing that summer is about here? And they are about there? Who knows? But busy, yes. We hope businesses did well. And realtors, too.

Old restaurants opened for the season, most with new names, some with new cuisines, and at least one causing real estate /neighbor problems. More on this and that in the future.

As to the local economy – all East End towns are having budget problems; huge deficits. The industry can help out by selling more as mortgage tax is way down compared with past years. Perhaps, and finally, brokers will be recognized as the heroes they can be – helping buyers, sellers, landlords, renters and town governments.

We do have to commend them and ask why East Hampton Village taxes were not hit by all of this? Did they simply plan better?

East Hampton Town may be selling some real estate they own to deal with budget problems. Investors should keep any eye on this. They are talking about seven acres off of Daniel’s Hole Road and two building lots adjacent to Duck Creek Farm on Three Mile Harbor Road. They are also considering selling the town-owned office suites on Pantigo Road.

Southold’s Cathleen Dolson has joined Town and Country Real Estate, bringing 15 years of residential experience and investor transactions. We are told that Dolson has sold properties in all ranges and that her hallmark is professional service to both clients and customers.

Are your high-end buyers disappearing? Or are high-end homes going on the market at a faster rate? In an article called “Soak the Rich, Lose the Rich” by Arthur Laffer and Stephen Moore, the writers explain that “Americans know how to use the moving van to escape high taxes,” calling Governor Paterson’s plan a soak-the-rich policy that makes people move to low, or no-tax states, like Texas or Tennessee. “Here’s the problem for states that want to pry more money out of the wallets of rich people. It never works because people, investment capital and businesses are mobile. They can leave tax-unfriendly states and move to tax-friendly states.”

The authors cite research from Richard Vedder of Ohio University that found that from “1998 to 2007, more than 1,100 people every day, including Sundays and holidays, moved from the nine highest income-tax states, such as California, New Jersey, New York and Ohio, and relocated mostly to the nine tax-haven states with no income tax, including Florida, Nevada, New Hampshire and Texas. We also found that over these same years, the no-income tax states created 89 percent more jobs and had 32 percent faster personal income growth than their high-tax counterparts.”

Laffer is president of Laffer Associates. Moore is senior economics writer for The Wall Street Journal. They are co-authors of “Rich States, Poor States” (American Legislative Exchange Council, 2009).

Yes well, any more good news? Here’s some! This is a statement from Daren Blomquist of RealtyTrac exclusive to Realty Takes! “We’re not seeing much[foreclosure] activity on the eastern end of Suffolk. There were no properties with foreclosure filings in the town of Southold in April 2009, as well as in March 2009 and April 2008. The same was true for East Hampton. Southampton saw six new default notices in April 2009, up from zero the previous month and two in April 2008.”

And the Corcoran Group reports that Westerly, one of the largest and most prominent estates on eastern Long Island, is now being marketed exclusively by Tim Davis, senior managing director of The Corcoran Group. Westerly is an extraordinary brick Georgian country house located in the heart of Southampton’s prized estate section. Built in 1929, this 25-room mansion was designed by the renowned architectural firm Hiss & Weeks. This beautiful home with expansive brick terraces boasts a separate carriage house, pool pavilion, pool and tennis court, all sited on 15.4 park-like acres. The vast meadows, formal gardens, and specimen trees are all set behind privacy gates and tall hedges. “This is a wonderful opportunity to own this gracious historic estate with subdivision potential,” stated Davis.

The question is, are they moving to Tennessee? Because East End real estate is a very strange business.

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Southampton’s Westerly reduced to $45 million
5/21/2009 – Newsday
Southampton’s Westerly has a new agent — and a new asking price. Now listed with Tim Davis of The Corcoran Group, the 14.5-acre estate is on the market for $45 million.

The property has been listed with Prudential Douglas Elliman Real Estate for $59 million.

The 25-room brick Georgian Revival country was built in 1929. There is a separate carriage house, a pool pavilion, a pool and a tennis court.

“This is a wonderful opportunity to own this gracious historic estate with subdivision potential,” says Davis, senior managing partner.

The late attorney Howard Gittis was the most recent owner. Gittis hosted many fundraisers and benefits at the house, including a $1,150-per-person party for Sen. John McCain in 2007.

In 1955, the estate hosted a “Night in Baghdad” event, complete with camels, and in 1966 there was an Indian-themed party with a baby elephant.

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Multimillion-Dollar Home Price Cuts
5/16/2009 – Forbes
Across the country, luxury homesellers are slashing prices. Here are some of the biggest drops.

When the 20,000 square foot, six-bedroom St. Regis penthouse in San Francisco was listed in late August 2008, for $70 million, it was the highest price ever sought for a Bay Area property.

Even though it was before the meltdowns at AIG and Lehman Brothers, which would later virtually freeze transactions of multimillion-dollar homes, the listing generated skepticism among San Franciscans. It wasn’t in Sea Cliff overlooking the bay, nor nestled among the stately spreads in Pacific Heights, and nowhere near the Geary Boulevard mansions made famous in Hitchcock’s films.

Rather the St. Regis is on Third Street, next to the Museum of Modern Art, a fine neighborhood to be sure, but on the edge of the grittier Mission district. It’s far from the city’s best restaurants, the ocean and boutiques. Instead, the St. Regis residents greet throngs of tourists and homeless encampments when they step out the door.

Those reasons no doubt kept would-be buyers away. Another drawback? The near eight-figure price tag.

So in February, seller Victor MacFarlane capitulated, lopping $21 million off the price, the single largest price reduction of homes currently on the market.

It’s joined by the 115-acre Two Trees Farm, in Bridgehampton N.Y., a property noted for its 2,500 square-foot main house, summer polo matches, equestrian facilities and a 2,750 square-foot, four-bedroom Gin Lane Hamptons home–both of which have reduced their asking price by $20 million, to $75 million and $20 million respectively.

Our data comes from Trulia.com, a San Francisco-based real estate listing company that tracks publicly listed homes currently on the market through multiple listing services. We found the 10 homes with the largest asking price reductions after considering any home which was re-listed from its original price to a lower one, or that was removed from the market entirely and then re-offered at a reduced price. All the homes on our list are multimillion-dollar reductions.

The price cut Donald Trump used to entice buyers in March 2008 was perhaps a sign of things to come. His $125 million, gold- and onyx-soaked Maison de l’Amitie, on 475 feet of Palm Beach, Fla., oceanfront stayed on the market for almost three years before he cut the price to $100 million, and was able to sell it to Russian magnate Dmitry Rybolovlev in June of 2008.

So far, sellers of properties on our list have had difficulty finding their own Rybolovlev.

“For these uber-luxury homes, most of them have been on the market 180-plus days despite the price cuts,” says Heather Fernandez, vice president of marketing at Trulia.com.

In Southern California, home to three homes in the top 10, Beverly Hills broker Mauricio Umansky of Hilton & Hyland says that those buyers left with cash are waiting for further price reductions.

“At the high end, every buyer thinks that they’re the only one with money,” he says. “They figure that there’s no one else looking and so they’re not in a rush.”

That’s especially bad news for the owners of a $15.9 million Beverly Hills mansion on our list. Even with five bedrooms and 10,500 square feet of living space, landscaped gardens and citrus groves, it’s undergone three price reductions that have lessened the price tag $8.1 million since it was first listed in May of 2008.

Instead of the slow descent, some sellers have opted for quick and dirty reductions to grab attention and trumpet their eagerness to sell. A nine-bedroom, 12-bathroom, Jupiter Island, Fla., home with 428 feet of oceanfront, a tennis court and almost four acres of land was listed in March of 2009 for $39.9 million and has already been reduced by $10 million.

While these hefty price drops are germane to the upper-tier, nationwide, sellers are employing similar methods–on a lesser scale–to unload their properties. According to ZipRealty, an Emeryville, Calif., real estate brokerage, 45% of currently listed homes have gone through at least one price reduction since their original listing.

Whether these strategies pay off remains to be seen, but for buyers in this price range these sobering reductions are good signs that sellers are willing to listen to offers. Great news, if you’ve got cash on hand.

#2 Originally listed: August 2008 for $95 million

Reduced: April 2009 for $75 million

Two Trees Farm in Bridgehampton, N.Y., which hosts the annual Mercedes Benz Polo Challenges in the summer, is now asking much less for its 115 acres of land, equestrian facilities and four-bedroom, three-bathroom, 2,500 square foot main house. At present, the Corcoran Group holds the listing.

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Git ‘er done
5/7/2009 – New York Post
The 15.4-acre Southampton estate of the late Howard Gittis is back on the market for $45 million, down from its $59 million asking price in December 2007.

The property can be divided into four separate lots. There is the seven-bedroom, 8«-bath main house, a Georgian mansion built in the 1920s and a carriage house that can be expanded. The buyer will also have the legal right to build two more homes, as well as pools and tennis courts.

Tim Davis of the Corcoran Group, who originally sold most of the property to Gittis for $8 million in 1993, now has the listing again. A few years after the $8 million deal, Gittis bought a second piece of property with a carriage house for around $1 million. That’s now part of the estate.

Gittis, the consigliere to billionaire pal Ronald Perelman, also had homes in Palm Beach and at 760 Park Ave. A balding, portly lawyer who died alone in his Manhattan bed two years ago at age 73, Gittis was a twice-divorced ladies’ man who allegedly had a penchant for short, busty bottle-blonde mistresses.

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Slow start to summer rentals
4/14/2009 – 27 East
There’s a mansion for rent on Daniels Lane, right at the heart of what is arguably the most sought after summer vacation real estate in the country. The amenities include six bedrooms, sprawling grounds, pool, tennis court and a short walk to the ocean.

“It’s considered to be a trophy property in a triple `A’ location,” said Scott Strough, a Bridgehampton real estate broker who is listing the mansion for rent for the month of August.

In years past, Mr. Strough said, the house has rented for between $300,000 and $400,000 for one month and its trophy status and prime locale meant it was typically one of the first rentals snatched up-usually by the end of the previous December.

Not this year. In a rental market that several agents have called the worst in memory, the Daniels Lane house, and the vast majority of others up for rent, are still not spoken for.

“This season is the latest start that I’ve experienced in 27 years,” said Judi Desiderio, chief executive officer of Town and Country Real Estate. “There are leases being written by every office, but not as many as there should be for this time of year.”

Once upon a time, say, in the 1980s, the summer rental season basically began on Presidents Day weekend. Cabin fever, the February thaw, and a three-day weekend made it the perfect time to spend a few days picking a summer retreat. As the fervor over Hamptons holidays built, that timeline was pushed earlier and earlier until the most desirable properties were the subject of bidding wars well before Christmas. Back then, anyone waiting until late February to ink a deal was facing a substantially reduced selection.

As the spring crocuses bloom this year, however, most East End brokers say the bulk of the rental offerings are still not in contract. Much like the gridlock that has slowed the business of actually selling houses, the rental market seems to be stuck in a sort of pricing standoff between those offering their houses for rent and those interested in renting.

“We’re dealing with a mentality out of New York that’s telling everyone that everything out here is 50 percent off,” said Mary Slattery, a Corcoran Group vice president and associate broker in Southampton Village. “I am very, very busy with rental customers-taking people out every weekend, showing them houses, finding them exactly what they want. And then we get stalled on the offer and acceptance part. We’re getting low offers and then they’re frustrated when it’s not accepted. They say, `What do you mean they don’t want to rent?'”

There are between 10,000 and 11,000 properties up for rent for all or part of any given season on the East End, including the North Fork and Shelter Island, according to the databases of the bigger brokerages.

Many market watchers had feared that the stalemated sales market would mean an influx of rental offerings for the summer season as owners of languishing properties-particularly newly completed spec houses-sought to get some return on their substantial investments. Most brokers estimated that the supply side of the market has grown by between 7 and 15 percent this year, which is less than most had expected.

In a good year, about 80 percent of the properties on the market are rented, most of those well before the start of April. Thus far in 2009, some brokers estimated just 20 to 30 percent of listings have been booked for the summer season.

“There is precious little going on,” said James R. McLauchlen Sr., owner of the eponymous Southampton Village real estate agency. “The rental market is in lockstep with the sales market. Things are sitting that in years past would have been snapped up whenever they were available.”

The slow start in rental business is a break from conventional wisdom that dictates when the sales market is poor, the rental market booms. Uncertainty in financial markets and fears of unemployment have now splashed water on both fires, it would seem.

Be it deflated stock portfolios or simple frugality in murky financial waters, many of those who are on the hunt for a Hamptons summer rental are being a bit more thrifty with their summer spending.

Brokers reported that there has been a spike in the number of customers seeking rentals for just one month or a couple weeks instead of the traditional Memorial Day to Labor Day season. Others are simply scaling back the amount they’re willing to spend on a rental, even if it means taking a smaller house or one in a less desirable location than they’re used to. Some families have even paired up to share summer houses.

“There’s a general shifting downwards across the market,” said Stuart Epstein, owner of Devlin McNiff Real Estate in East Hampton. “Our returning customers are either shifting their sights in terms of what they want to see or they’re negotiating for a lower price than they’ve paid in the past.”

Or, they just wait. If the instinct that the closer the season gets, the more owners may be inclined to lower their prices rather than risking being tenantless for the summer is right, it might be worth the wait.

“If someone is thinking about coming out or is worried about the future right now, maybe it would be in their best interest to wait a little longer,” Mr. McLauchlen said. “It’s not like there is a swarm going on so they’re not going to lose out.”

But there may be light on the horizon. Most brokers noted an uptick in activity in the last few weeks.

The late start may, in the end, serve to spur the sort of competitive market real estate brokers are used to seeing in February and March.

“I think we’re going to be inundated for the month of May,” Tim Davis, a senior managing director at the Corcoran Group, added. “We’re going to pack it all into a short period of time. We’ll be fighting for keys, lining up to show houses, and securing rentals with wire transfers.”

Ever optimistic, nearly every broker interviewed was certain that business would pick up as the weather warms and that the summer season would be a good one in the end.

“The pavement is going to heat up in Manhattan,” Ms. Desiderio said. “New Yorkers aren’t going to want to spend the summer in the city. They want to go to the beach.”

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As Seen on Plum TV
2/1/2009 – PlumTV.com
Please click the link below to view the video: As Seen on Plum TV

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2008

Web hits: the month in review – Corcoran brokers, teams rank in top 200
12/1/2008 – The Real Deal
Eleven brokers and teams from The Corcoran Group were ranked in “The Real Estate Top 200,” a national ranking and awards event that took place last month. Five Corcoran brokers were named among America’s top-selling individuals by sales volume, including Susan Breitenbach, Timothy Davis and Gary DePersia of the East End offices, and Dennis Mangone and Lauren Muss from Manhattan. The six broker teams that were ranked were all from Manhattan, including the Deanna Kory Team; the Carrie Chiang team; Robert Browne, Gregory Sullivan and Chris Kann; Deborah Grubman and Carol Cohen; and teams headed by Barrie Mandel and Sharon Baum. Corcoran was the New York City brokerage with the most teams on the list. The event took place on Nov. 7 at the National Association of Realtors Conference and Expo in Orlando, Florida, and was sponsored by the Wall Street Journal, Lore Magazine and Real Trends.

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Whos News
11/26/2008 – Brokers Weekly
Eleven brokers and teams from The Corcoran Group were ranked in “The Real Estate Top 200,” a national ranking and awards event. Five Corcoran brokers were named among America’s top selling individuals by sales volume, including Susan Breitenbach, Timothy Davis and Gary DePersia of the East End offices, and Dennis Mangone and Lauren Muss from Manhattan. The six broker teams who were ranked were all from Manhattan, including the Deanna Kory Team; the Carrie Chiang team; Robert Browne, Gregory Sullivan and Chris Kann; Deborah Grubman and Carol Cohen; and teams headed by Barrie Mandel and Sharon Baum. Corcoran was the New York City brokerage with the most teams on the list. The event was last Friday at the National Association of Realtors Conference and Expo in Orlando, Florida, and is sponsored by the Wall Street Journal, Lore Magazine and Real Trends.

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Realty Takes
11/19/2008 – The Independent
Yes, well, if it’s true that it happened, congratulations to Simon and Janet. But I am in tears that Nichols Restaurant on Montauk Highway in East Hampton may have been sold. I began going there because I could get there and home without making a left turn. But then I would have been willing to make a left If I had to because the ambience was so warm, the food so good, and the people so very nice. Good luck to everyone on both sides of the deal . . . if there is one.

Lori Barbaria deserves attention again on these pages. Yes, she is doing business, besides raising interesting questions about commission rates. Always among the top producers for Prudential Douglas Elliman, Bridgehampton Office, Ms. Barbaria writes: “Had two closings this month and did two big rentals. But it is a very weird time in the world. Glad to wake up to birds instead of . . . [cable news] . . . .”

As to brokers lowering their commissions to make the deal or get the exclusive listing, Ms. Barbaria has this to say. “Personally I find it ridiculous for brokers to be taking major reduced commissions right now, especially when there is more inventory coming on everyday along with competitive price reductions on listings. This is the time sellers really need to be listing with the most aggressive brokers, the ones with the track records. At these times they should pay higher commissions to entice getting their houses sold and I have recently noticed bonus’s offered if sold by the New Year.”

The Corcoran Group sent out this item: “The Corcoran Group received distinctive honors for including eleven of America’s top-ranked teams and brokers by sales volume amongst its ranks, according to “The Real Estate Top 200” – a national ranking and awards event sponsored by The Wall Street Journal, Lore Magazine and REAL Trends.

“Five Corcoran agents were named among America’s top-selling individuals by sales volume, including Susan Breitenbach, Timothy Davis and Gary DePersia from the East End and Dennis Mangone and Lauren Muss from Manhattan.

A real estate gift announced by John V.H. Halsey, President of the Peconic Land Trust, told about the donation of Bridge Gardens, a 5-acre garden on Mitchells Lane in Bridgehampton, by founders Jim Kilpatric and Harry Neyens. Kilpatric and Neyens founded Bridge Gardens over 20 years ago, and the donation represents a generous gift by them to the Trust as well as to residents and visitors of the East End.

Giving back to the community is an old East End tradition,

Lastly the people in best shape (slimmest, healthiest) and with the most college degrees live, we are told, in Burlington Vermont. The most overweight people live in Huntington, West Virginia. (And I thought they lived on Blue Jay Way!) And we didn’t make the top ten beaches in the world! The only American one was in Hawaii. I got excited for a moment when I saw Gardners Bay Beach, but not our Gardiner, and not in East Hampton, but in Ecuador.

East End real estate could be stranger than it already is

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Corcoran brokers, teams rank in top 200
11/13/2008 – The Real Deal
Eleven brokers and teams from The Corcoran Group were ranked in “The Real Estate Top 200,” a national ranking and awards event. Five Corcoran brokers were named among America’s top selling individuals by sales volume, including Susan Breitenbach, Timothy Davis and Gary DePersia of the East End offices, and Dennis Mangone and Lauren Muss from Manhattan. The six broker teams who were ranked were all from Manhattan, including the Deanna Kory Team; the Carrie Chiang team; Robert Browne, Gregory Sullivan and Chris Kann; Deborah Grubman and Carol Cohen; and teams headed by Barrie Mandel and Sharon Baum. Corcoran was the New York City brokerage with the most teams on the list. The event was last Friday at the National Association of Realtors Conference and Expo in Orlando, Florida, and is sponsored by the Wall Street Journal, Lore Magazine and Real Trends.

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The Real Estate Top 200
11/8/2008 – The Wall Street Journal
The eagerly anticipated Real Estate Top 200 rankings were announced today at the National Association of REALTORS(R)’ Conference and Expo in Orlando, Fla., attended this year by more than 20,000 real estate professionals from throughout the world.

The Real Estate Top 200 honors the top 50 residential sales professionals and team professionals in four categories:
— Individual Sales Professionals — Sales Volume
— Individual Sales Professionals — Transaction Sides (in each transaction, there are two sides that can be represented by an agent: a buyer’s and a seller’s.)
— Team Professionals — Sales Volume
— Team Professionals — Transaction Sides

This year’s winners were chosen from more than 1,000 submissions from real estate sales professionals representing hundreds of markets nationwide. A special advertising feature that includes the names of the entire Top 200 will appear in The Wall Street Journal and lore Magazine on November 8. Both publications are being distributed at the NAR conference. Information on the winners also can be found online at www.loremagazine.com.

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Greg Norman’s Ex-Wife Buys Hamptons House
11/7/2008 – The Wall Street Journal
Flush with a $100 million-plus divorce settlement from golfer Greg Norman, Laura Andrassy is buying an estate in New York’s Hamptons.

Ms. Andrassy is in contract to pay $7.55 million for a 0.92-acre property on Southhampton’s leafy Wyandanch Lane, near the ocean, and plans to tear down the nearly 3,500-square-foot house, people familiar with the situation say. The property, with a pool, was listed a month ago for $8.75 million with Tim Davis, of Corcoran Group. She’s upgrading from a Southampton house that she bought last year and that’s farther from the water.

Mr. Norman, a native Australian, spent many months in the 1980s and 1990s as the world’s No. 1-ranked pro golfer. The Normans waged a bitter public divorce battle that ended this year when Ms. Andrassy won $103 million in assets, court records show. This past June, Mr. Norman married former tennis star Chris Evert.

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Corcoran Sunshine Top Broker Event at Idea House
11/1/2008 – Mann Report Residential
Corcoran Sunshine Marketing Group hosted an exclusive broker event at the Idea House in Sagaponack, NY.

Over 100 top brokers from The Hamptons and Manhattan gathered for a private tour of the designer showhouse and a cocktail reception to celebrate the launch of “Look Inside”, a printed digest of six of the world’s most desirable new addresses.

Pamela Liebman, President and CEO of The Corcoran Group, and Kelly Kennedy Mack, President of Corcoran Sunshine Marketing Group, hosted the evening.

They were joined by sales and marketing representatives from the six participating properties: Dellis Cay, Soho Mews, 40 East 66th Street, The Laurel, Five Franklin Place, and 535 West End Ave.

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Reconfiguring Two Trees
10/14/2008 – 27 East
A new twist was added to the intrigue regarding the fate of Two Trees Farm in Bridgehampton this week as the owner of the farm, David Walentas, submitted plans to reconfigure a portion of his property in order to include his tennis court on the lot that his private house is on.

This summer, the Planning Board gave preliminary approval to the plan for a 19-lot subdivision on a 114-acre parcel that comprises the majority of the farm, but Mr. Walentas also owns two other properties, totalling 73 acres, on Hayground Road that comprise part of the farm and his private home.

Mr. Walentas, a Brooklyn-based developer whose management companies, Two Trees LLC and Two Trees Farm Inc., have owned the properties since 1992, put the 114-acre section of the farm on the market for $95 million in August. His real estate agent, Tim Davis of The Corcoran Group, said at the time that Mr. Walentas was not planning to seek final approval for the subdivision and instead hoped to sell the property with all of the potential options for a future owner intact.

Town Planner Matthew Briones, who is managing the application, said that Mr. Walentas is now simply reserving the right to reconfigure his other two properties on Hayground Road. The house lot is just over 44 acres and the second lot is nearly 28 acres. If the reconfiguration is approved, Mr. Walentas would have the right to transfer roughly half an acre of land to the larger property.

The second parcel includes Two Trees Stables and the Bridgehampton Polo Club, as well as a series of turnout rings and fields that are an integral part of the farm’s operation. The Mercedes Benz Polo Challenge is held during the summer on the grounds there, and many of the visiting teams keep their horse trailers and house trailers on the smaller lot.

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It costs a Fordune
10/9/2008 – New York Post
It’s not all doom and gloom out there in the high-end market.

In fact, Hamptons brokers are already gearing up for what they hope will be a robust rental market by the time the Panic of ’08 subsides.

One of the Hamptons’ premier properties, Fordune, will be listed for rent, probably for the first time since Henry Ford II owned the 42-acre oceanfront Southampton estate.

And it’s going to cost a cool $600,000 to use it from August through Labor Day next year. If you throw in July, that’s an extra $400,000.

Featuring 33,000 square feet of space, the renovated mansion has 12 bedrooms, 12 bathrooms, a game room, a library, a large formal dining room, staff rooms and a commercial kitchen. The extensive grounds include a 60-foot pool with a Jacuzzi, a tennis court, three ponds and more than 1,000 feet of beachfront.

Tim Davis of The Corcoran Group has the exclusive listing.

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Water Mill estate listed for 2009 summer rental for over $1 million
10/9/2008 – Newsday
Despite the recent economic downturn, there’s already a 2009 summer rental listed in the Hamptons for more than a million dollars.

Sources tell REAL LI a 12-bedroom mansion on 42 acres in Water Mill is being listed with The Corcoran Group for $400,000 for July 2009 and $600,000 for August 2009. The property, called Fordune, was once part of Henry Ford 2nd’s estate.

Fordune once comprised over 200 acres and according to published reports was awarded to Ford’s first wife, Anne McDonnell after the pair divorced. She reportedly sold the property in 1975 and it has since been subdivided.

Rick and Kathy Hilton, parents of Paris Hilton and Nicky Hilton, own property in the area.

Listing agent Tim Davis could not be reached for comment.

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The Cottage: Presented by The Corcoran Group’s Tim Davis
9/4/2008 – Hamptons Magazine

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So You Want to Live with the Horses …
8/15/2008 – Dan’s Papers
It’s mid-August in the Hamptons and that means horses. Along so many of the back roads north of the highway in Bridgehampton, Water Mill, Southampton and East Hampton, are the horse farms, with their white fences, green pastures, riding circles and steeple chase courses. All summer long, appropriately attired equestrian participants are practicing or just enjoying the day with their mounts. Who doesn’t enjoy driving the back roads along a pasture filled with beautiful horses? It’s as American as apple pie. So, amid the doom and gloom of some sectors of the real estate market, a peek at what’s available around the Hamptons in terms of horse properties presents the opportunity for those who are having problems with $4 plus gas and the bills on that desk at home to fantasize.

Paying a visit to some of the many friendly, local real estate offices, finding help wasn’t really that easy. With business not great, no one had the luxury of time for something that wasn’t sales related. But at Brown Harris Stevens, agent Dawn Brophy took some time to point me in the right directions of what is available in terms of horse properties in the Hamptons.

As expected, there were some listed for over $30 million, which, of course, I might need a small loan to purchase. Of course, if it’s stables you’re interested in, Rita’s Stables in Montauk is maybe headed for the market, but if she couldn’t make it work, who can? Perhaps it’s going to be Paddock Estates right there on Route 27 and West Lake Drive in Montauk soon.

If you have a mere $19.9 million to spend, what can you get? In East Hampton there’s Stone Meadow Farm, represented by Gary DePersia of Corcoran: 18,000 square feet of living space on 8 acres, and “a stable for up to five horses in an attractive barn framed by ample riding fields.” It makes you feel like picking up the phone and calling a mortgage broker.

Of course, should you feel the need to spend a bit more cash, you could go for a $30.5 million gem, represented by Prudential’s Yvonne Velasquez, Robert Kohr and Lori Macgarva – a 24 acre property. “Property includes a 8,650 sf state of the art barn with professional kitchen … Ideal location for a spa facility, corporate retreat, or equestrian property. ” Now, honestly, if you had the dough and love horses, it is tempting.

In horse country, Sagaponack, there’s a respectable $10.8 million property represented by Melissa Osborne of Prudential, with an “1850s classic Victorian farmhouse… a beautiful old barn that has been lovingly maintained, with stalls, wash rack and a heated tack room with laundry and half-bath.” I almost feel like saying Rochester, where is my riding crop?

Now, what if you want to be close to horses but aren’t into cleaning up the manure or brushing down the horses? Here’s one for you in Bridgehampton for a mere $4.3 million, listed with Cathy Tweedy of Corcoran. “On a builders acre with big open views of a 29-acre horse farm this is the perfect spot to retreat …… laze around the heated pool while you watch the horses graze in front of you.”

There’s another spot for ponies in East Hampton: the Dune Alpin Farm. According to the association web site, “Dune Alpin Farm is a distinctive, private and comfortable place to live and play in East Hampton, NY.” When 135 acres were purchased for $1.6 million in the 1970s by Stanley Harte, by 1981 it had, among other things, fifty acres that include the buildings, that once housed horses, being rehabilitated into what will be a ”deluxe riding and boarding facility. And 50 acres have been dedicated to the town or village as scenic easements,” according to a New York Times article from 1981.

Many of houses on the development overlook an equestrian reserve, and owners may be able to board their own horses if space at the barn permits. Right now there are three properties available on Dune Alpin’s Horse Meadow Lane with views of the reserve: a 3,000 square foot traditional built in 2005 for just under $2.9 million (listed by Corcoran’s Cathy Tweedy); a brand new construction, 3,000 square foot barn type house on close to an acre for $2.5 million (Beth Troy, Town & Country); and a six year old 3,000 sf traditional for just under $2.4 million (Bryan Midlam, Prudential).

Now, finally, if you want to be in charge of it all, The Two Trees farm and its 114 acres in Bridgehampton has been put on the market for $95 million, represented by Tim Davis and his team at Corcoran. Now we’re talking serious coin. Even horse enthusiast Bruce Springsteen would have to go back to work full-time to buy this baby.

Of course, many equestrians bring their horses out to the Hamptons for the summer and board them. During the 1930s, a young pre-teen Jacqueline Bouvier kept her favorite horse, Danceuse, at Martin Aylward’s stable in the winter (now ABC building) in Manhattan and in his stable on Henry Street in Southampton in the summer to prepare for big events. Hundreds of people still do it today, paying anywhere from $2,000 a month and up.

So, next time you turn down that back road and see those horses grazing, think of those listed prices and remember that at one time they hung horse thieves but never anyone who stole a car.

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Money Does Grow on Trees
8/13/2008 – Hamptons Magazine
In a move that’s sure to raise Hamptons eyebrows, David Walentas is selling Two Trees Farm after years of struggling to get subdivision approval.
Fifteen years ago, New York developer David Walentas bought this 115-acre equestrian mecca for $2 million. Today, sources say, he’s selling it for $95 million. Why the price increase? It’s a new century, for one; but more important, Walentas has renovated and added on to what was once a lonely dairy farm, and branded Two Trees as Long Island’s choice destination for horse training and polo. In the years since, he’s gained preliminary approval from Southampton Town’s Planning Board to divide the land into 20 lots – two of which already have houses on them – leaving the remaining 61.5 acres as a natural reserve. The new owner will have the choice of keeping the 115 acres intact or inheriting what will be the most talked-about East End development for years to come. Mercedes-Benz Polo fans needn’t worry, though. The Polo fields lie in the protected area. Listed by Tim Davis, Corcoran Group, Southampton, 283-7300.

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Middle East End?
8/7/2008 – New York Post
Hamptons brokers are buzzing about a possible mega-deal on the East End.
Sources say a Middle Eastern investor, who’s been traveling with an entourage, is considering the purchase of both the 115-acre Two Trees Farm in Bridgehampton (featured in this column last week) and the adjoining 60-acre Three Ponds Farm. The two properties have a combined price tag of $163 million.
“Residents in the area were surprised by the motorcade of black SUVs carrying the men in their native garb,” says one insider.
Two Trees, listed at $95 million and owned by developer David Walentas, is the site of the Bridgehampton Polo Club, while Three Ponds, featuring a private USGA-approved golf course, is owned by Cheryl Gordon Krongard.
Two Trees broker Tim Davis denied such a deal was afoot; Three Ponds agent Susan Breitenbach had no comment.

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Two Trees Farm up for sale for $95 million
8/7/2008 – 27 East
The iconic 114-acre Two Trees Farm in Bridgehampton has been put on the market for $95 million.

Tim Davis, a senior managing director at The Corcoran Group’s Southampton office, is the listing agent.

The farm is currently the site of the annual Mercedes Benz Polo Challenge, but the future of that event is in question. The current owner of the farm, David Walentas, received preliminary approval last week from the Southampton Town Planning Board to subdivide the property into 19 lots with an agricultural reserve of 68 acres. If he completes the subdivision, however, the town insists that public polo matches will no longer be allowed.

The historic dairy farm, where cows grazed up until the 1950s, was known for generations as the Carwytham Farm. It was run by the Baldwin family until Daniel Baldwin, a potato farmer who had added some stables and riding rings to the property, sold the land to Mr. Walentas for $2 million in 1993.

Mr. Walentas, a Brooklyn-based developer, raises polo ponies and is a regular competitor at matches held on the farm, which he has kept as a country home.

The property currently includes two houses, an eight-unit apartment building, three barns, two indoor riding arenas, two polo fields, a pool and a tennis court.

Mr. Davis said that Mr. Walentas is “absolutely not” planning to complete the subdivision and sell the individual lots.

“It’s being offered for sale as a total package,” he said, adding that the two existing houses and the potential for 17 more house lots of up to 2.5 acres each, six of which are pondfront properties, could make for a unique investment.

“It’s a very interesting opportunity for a user or a developer,” he said. “That’s the backside of it being developed as a potential trophy property to use it as it is.

“They could be the owner of the farm and never develop it,” he said. “It’s an ideal property for a developer to come in and plan out an equestrian community. It wouldn’t be a tough sell.”

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Pony Up
7/31/2008 – New York Post
One of the Hamptons’ largest – and best-known – tracts of privately held land is now available for $95 million.

Two Trees Farm, the site of the rollicking Bridgehampton Polo Club and its celebrity-studded, champagne-swilling crowd, has just been put on the market by owner David Walentas.

Included in the north-of-the-highway spread are 115 acres – which have preliminary approval for 18 “estate parcels” – as well as two houses, an eight-unit apartment building, three barns, two indoor riding arenas, two polo fields, a pool, a tennis court and many more than just two trees.

When contacted, Corcoran Group listing broker Tim Davis would only say, “It’s the most important equestrian facility on Long Island, or it’s the most unique opportunity for an investor.”

Walentas, reportedly bought 100 acres of the property 15 years ago for $2 million and added more acreage a few years later. He then embarked on a three-year renovation.

Tongues and other appendages have been wagging among the horsey set about the future of the annual six-week Mercedes-Benz Polo Challenge, which wouldn’t be allowed to continue under the proposed subdivision plan.

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Beach Bound: The List
7/25/2008 – Hamptons Magazine

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Going for brokerage: A look at the movers and shakers of East End real estate
7/15/2008 – Hamptons Magazine

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Trophy Properties
7/14/2008 – Haute Living
Originally built in 1902, this residence, designed by architect Grosvenor Atterbury, has just been returned to its original splendor after a three-and-a-half year restoration. The sumptuous interior of the nearly 18,000-square-foot country home contains the most elegantly intimate rooms-many boasting fireplaces, a testament to the attention paid to comfort and the finest of details during the renovation. The main living room entails impressive window views overlooking 9.11 acres of extraordinary landscaping. Mature trees, flowering shrubs, and graceful rose gardens decorate this evergreen-lined panorama. A paneled library boasts a leather frieze with hammered nails and a sophisticated stucco ceiling, and leaded glass windows host the impressive Lloyd family crest. The England-imported pool house, reached via breezeway from the main house, has a state-of-the-art indoor pool maintenance system, steam room, and sauna, while a beautiful mural decorates the walls. An extraordinary indoor pool, outdoor pool with a pavilion, paddle court, tennis court, bocce ball court, gymnasium, billiard room with fireplace, antique sculpture fountain, carriage house, and four-car garage add to the resort-like nature of the breathtaking summer estate. The outdoor kitchen with built-in barbeque is perfect for outdoor dining. A separate caretaker’s apartment is reachable through the back stairs, and has its own sitting room, bedroom, and bath.

Located within one of the prime estate sections in Southampton, this beautifully refined home offers a unique opportunity to own a historical and world-class residence.

Price: Upon Request
Location: Southampton, NY
Realtors: Tim Davis / Felicitas Kohl
Phone: 631.283.7300 x 211/ 631.283.7300 x 247
Realty: Corcoran Group

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Southampton Ox Pasture Hits Market at $67.5 Million
7/1/2008 – PlumTV.com
Apparently lightning can strike twice, or at least as far as the price point on Hamptons real estate. For anyone who missed the opportunity to buy the $65 million spread on Gin Lane this spring, a pedigreed Ox Pasture estate “Linden” hits the market at $67.5 million.

Tim Davis of Corcoran, who has the exclusive listing along with Felicitas Kohl, describes the property as “like having your own resort.” The 25,000 square-foot 12 bedroom, 14 full and 4 half bath house sits on 9 acres in Southampton Village where recessions need not apply. Forget pesky things like traffic; you can fly into the village helipad. Even Marders can’t accomplish landscaping like this with centuries old trees and mature rose gardens. Your five star resort comes with an outdoor and indoor pool, grass tennis court, paddle court, fitness room, carriage house, and wine cellar (wine not included). And just as everything old can be new again, the house originally constructed in 1902 has undergone a major 3-year renovation to update it to its youthful self with modern amenities.

It has often been rumored that listing agents have a great deal of power over who ultimately gets these prized homes. A few high-end agents who felt their “price is no object” clients didn’t get a fair shake at the Gin Lane property may be redeemed with the chance to win this trophy home. Ironically, although the architect, Grosvenor Atterbury, was known for designing lavish weekend homes for wealthy industrialists when he was at McKim, Mead & White, he is most famous for developing a construction method using standard pre-cast panels, the start of the pre-fab movement.

With the value of the US dollar plummeting and Wall Street more moody than a woman with PMS, the question for this estate might be, “How much is that in Euros?”

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Greener pasture
6/26/2008 – New York Post
One of Southampton’s grandest properties has just gone on the market for a show-stopping $67.5 million.

The 12-bedroom residence of nearly 18,000 square feet on more than 9 manicured acres was built in 1902 and designed by Grosvenor Atterbury. It has just undergone a 3«-year renovation overseen by architect Francis Fleetwood.

Listing broker Tim Davis of The Corcoran Group tells us that owner Juergen Friedrich, who ran the European division of Esprit sportswear before his retirement, “spent tens of millions” bringing the Ox Pasture Road estate back to (and beyond) its original grandeur.

The mansion includes several public rooms with fireplaces, a gourmet kitchen, a media room, servants’ quarters and a master bedroom of almost 3,000 square feet. It also has the latest bells and whistles, including an Evian-quality water-filtration system.
“It’s truly like a private resort,” Davis says.

The home isn’t on the water, but there’s an indoor pool and a separate outdoor pool with a pavilion, a grass tennis court, a paddle court, a bocce court, a half-court basketball area, a hot tub, a sauna and a gym.

The property also features a carriage house, rose gardens and a 50-foot water fountain.

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Southampton estate selling for $67M
6/26/2008 – The Real Deal
A newly renovated 12-bedroom Southampton home is selling for $67.5 million. The nearly 18,000-square-foot home, built in 1902, sits on nine acres. The seller of the Ox Pasture Road estate is Juergen Friedrich, the former European chief of Esprit sportswear. As The Real Deal reported, Friedrich paid $25 million for a Plaza Hotel condo last fall. Brokers Tim Davis and Felicitas Kohl of The Corcoran Group said Friedrich “spent tens of millions” restoring the estate, in a renovation done by architect Francis Fleetwood.

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Power 600
6/9/2008 – Hamptons Magazine
Tim Davis Senior Managing Director, Corcoran Group Southampton

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