The Beach: Real Estate: For Sale Archives

Real Estate: For Sale Archives

Friday, July 27, 2007

Life Afloat: Pick Your Penthouse on One Big Boat

Not content to be one of the largest real estate companies from "Manhattan to Montauk," Prudential Douglas Elliman is now selling floating residences as well as their landlocked stock. Pru has partnered with The Orphalese (pictured above), which can only be described as an entire world afloat—picture Manhattan with a motor. Unlike a traditional cruise ship, The Orphalese will also offer 200+ private residences for sale. Among the options available aboard the ship are a range of 5-bedroom, 5.5-bath, 3,700 square foot Penthouses ($10 mill) to 1,000-square foot Pegasus Estates ($1.8 mill). Everything in between as well to suit any fancy.

The boat won't be commissioned until 2010, but that hasn't stopped Prudential Chairman Howard Lorber from trying to whet some folks' nautical appetites. This weekend at Russell Simmons' Art for Life benefit, Lorber will be auctioning off a sunset dinner for eight aboard his 100 foot yacht, Useless, which is docked in Sag Harbor. (To give you some sense of how big The Orphalese is, you would need about 14 of Lorber's yachts to equal its length.) No word on what Lorber will be serving for dinner, but expect your dessert to arrive with a nice little packet of info about the boat and the numerous ways that Prudential can facilitate the purchase of one of its fine residences.
· The Orphalese

See more in Intel: BeachWire, Real Estate: For Sale

Friday, August 4, 2006

Live in George Soros' Staff Quarters, Without Actually Working for George Soros

Sick of having to call the poolboy every time the filter gets clogged? Getting freaked out by the caretaker's habit of talking to himself? Owning a second home certainly has its rewards, but it comes with a fair share of headaches, too. For those less interested in maintaining a house and grounds, and more interested in ultimate relaxation, here's the chance to own a condominium (that's right) in Southampton where everything is taken care of. The Villas, which were built as staff quarters in 1914, have been redeveloped by Ben and Linda Lambert and into six condos, going for $2.1 to $4.3 million each.

"It's for people who don't want the maintenance of the house. Here everything will be taken care of, especially when they're away for long stretches, vacationing in Europe or St. Barts," Mrs. Lambert said.

Each condo has its own private garden with Viking grill, but you'll have to share the pool with the other residents. The property itself is prime Southampton real estate, right on Old Town Pond and walking distance to the beach off Gin Lane. Finally, a place where your biggest worry will be when to flip while tanning.

Ahead, take a peek at the interior. Hopefully they will pressure wash the shower before closing.

Continue reading "Live in George Soros' Staff Quarters, Without Actually Working for George Soros"

See more in Real Estate: For Sale

Thursday, August 3, 2006

Coolest Listing on the South Fork: Snow Not Included

On a day like today, even if you are comfortably floating about the pool with a popsicle, it is tempting to dream of slightly cooler climes. With this listing, our friends at Corcoran remind us that it does cool off eventually. Looks like this $795,000 property in Sagaponack has been on the market for quite some time, even though the description claims it “won’t last!” We are by no means looking forward to winter (our climate therapist is on speed dial) but it might be worth a drive-by, just to be sure the 2 acres of snow has indeed melted.
· 2 Acre Lot in Sagaponack [Corcoran]

See more in Real Estate: For Sale

Wednesday, July 26, 2006

World’s Priciest Homes: Hamptons Ties for 6th

The latest issue of Forbes brings us some serious shelterporn: A list of the most expensive homes in the world, and we couldn’t be prouder of our very own Bridgehampton for making the list. Three Ponds, the $75 million 60-acre estate with its own golf course, tied for sixth place with The Portabello Estate in Corona del Mar, California. But they’re both a long way from the top: Number one on the list goes for twice as much.

1. $139 million Updown Court, Windlesham, England
2. $135 million Starwood Estate, Aspen, Colorado
3. $125 million Maison de L'Amitie, Palm Beach, Florida
4. $100 million Waterfront Estate, Istanbul, Turkey
5. $92 million Toprak Mansion, London, England
6. $75 million Three Ponds, Bridgehampton, New York
6. (tie) $75 million The Portabello Estate, Corona del Mar, California
8. $70 million Pierre Penthouse, New York, New York
9. $65 million Oceanfront Estate in Malibu, California
9. $65 million Locksley Hall, Belvedere, California
9. (tie) $65 million Gold Coast Mansion, San Francisco

Keep reading for a peek at the $139 million, 103-room Updown Court, complete with heated marble driveway and gold-leafed library floor. Our question: What does it cost for the season?

Continue reading "World’s Priciest Homes: Hamptons Ties for 6th"

See more in Real Estate: For Sale

Friday, June 16, 2006

Translation: 4BR, 4BA, EIK, w/d, fplc

When brokers get giddy, everyone wins. Case in point, William Stoecker, a Corcoran broker who mistook the listing description for a creative writing excercise:

I led the way through the luxury gourmet kitchen and set my sunglasses down on the cool blue pearl granite countertop. The light bouncing from the glass mosaic tile gave the room an ultra chic and dreamy feeling. Past the Thermador, Dacor and Bosch appliances to one of the four bedrooms beyond. Later, hmmmm, so many bathrooms to choose from but I must have a steam and I must be surrounded by all the wonderful natural materials that Mother Earth has offered up to this temple of exquisite taste - will it be slate, will it be stone, and what about marble? No need to chose, it's all here. Mademoiselle Kohler, may I introduce Mr. Toto. Make yourself at home, my dear, in the tranquility room and we'll meet outside for lunch around one-ish.

Continue reading "Translation: 4BR, 4BA, EIK, w/d, fplc"

See more in Real Estate: For Sale

Thursday, June 1, 2006

Behind the Hedgerows: Warhol PriceChopped!

Behind the Hedgerows is The Beach's weekly wrap of East End real estate doings. Heard some landed gentry gossip? The tipline is your (anonymous!) source to us.

1) Soak it up. You're looking at Andy Warhol's famed Eothen estate in Montauk, a property that set alarms bells ringing when it hit the market for $50 million in 2001. Even as the Hamptons real estate market surged, the property—gorgeous land, but out-of-date structures—languished for five years. Now comes word from Braden Keil that the spread has just been PriceChopped, dropping a full $10 million. Asking now $40 million; check the listing at Brown Harris Stevens for more glorious photography. [NYPost, Brown Harris Stevens]

2) Brace yourself for this, from Hamptons Cottages & Gardens: "When the bottom price of a housing market is $600,000—and that's a teardown—buyers start looking for other options. Formerly treated as poor relations, Hamptons condos and co-ops are getting a closer look." My God. My God. [Deeds and Don'ts]

3) The dark side of the real estate boom: East End struggles with affordable housing. [Southampton Press]

4) From the always intriguing land deeds in the East Hampton Star, this week we take note of a $4.6 million transaction in Wainscott at 19 Wainscott North Road—a one-acre property. Despite the misleading address, that's firmly south of the highway, just a stone's throw from Georgica Pond. [East Hampton Star]

See more in Real Estate: For Sale, Town: Montauk, Town: Wainscott