Press
Party homes on Long Island
12/31/2013 – Newsday
Featuring Tim Davis listing at 515 Parsonage Lane, Sagaponack, The Hamptons
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.
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:
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
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
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
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.
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.
Vince Camuto’s $48M-plus Southampton home in contract
12/5/2013 – Newsday
Featuring Tim Davis’ and Peter Huffine’s listing Wooldon Manor.
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.
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.
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]
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:
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:
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
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:
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.
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:
On the Market: October 2013
10/1/2013 – Architectural Digest
Featuring Peter Huffine & Tim Davis’ Southampton Oceanfront listing on Gin Lane:
500 Feet of Private Hamptons Beachfront Wants $45.5M
9/9/2013 – Curbed
Featuring Tim Davis’ Oceanfront listing on Squabble Lane, Southampton
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
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
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.)
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.
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
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.
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:
Corcoran Group’s Tim Davis Talks Market Uptick
8/10/2013 – Hamptons Magazine
Featuring East End agent Tim Davis
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
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
3 Properites with Posh Outdoor Kitchens
8/6/2013 – Hamptons Magazine
Featuring Tim Davis’ Meadow Lane Oceanfront listing in Southampton, The Hamptons
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
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.
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
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:
From the Publisher
7/12/2013 Hamptons Magazine
Featuring agent Tim Davis at the Parrish Art Museum Spring Fling.
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.
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.
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
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
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
Gimme Shelter: Meadow Millions
3/28/2013 – New York Post
Featuring Tim Davis’ listing at 1900 Meadow Lane, Southampton
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.
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
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
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.
Agency News: The Corcoran Group
3/1/2013 – 27 East
Featuring Corcoran’s annual Hamptons Awards Ceremony and our award winners
Corcoran awards its top producers
2/28/2013 – Real Estate Weekly
Featuring Corcoran’s 2012 Hamptons Awards Ceremony and our award winners
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
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
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
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
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.
