Is it odd to you that New York City does what it can to use a Hamptons-esque names on countless buildings and businesses but all we have on Main Street in East Hampton these days are 5th Avenue retailers?
NEW YORK (June 3, 2008) - More than 250 people attended The Ascend Group LLC’s invitation-only exclusive grand opening party for Georgica, a new sophisticated and modern residential tower at 305 East 85th St., near the northeast corner of Second Avenue.
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It will be nice to see him out and about in the Hamptons. Michael J. Fox has reportedly paid $6.3 million for a house in Quogue. How psyched are you?
From Newsday
Actor Michael J. Fox has paid $6.3 million for a newly-built 7,000-square-foot Gambrel shingle-style, traditional home in Quogue. The asking price had been $7.25 million for the six-bedroom spread on Quogue Street.
The four-time Emmy winner’s new digs sits on 1.11 acres and includes seven fireplaces, a 17-by-11-foot wine cellar, a 250-square-foot guest cottage, and Gunite pool with spa.
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Water damage these days can be rough in a Hamptons homes. The picture here came to us from Tim over at Telemark Inc. in Bridgehampton. After a spec house was built two years ago without pipe insulation in an exterior wall, the cold temperatures caused a stop valve to burst sending water flying through the home causing $200,000 worth of damage. Art, furniture and personal items were also destroyed. With the cold weather, it’s a good idea to keep your home watched by an estate manager so that things like this can be avoided. For buyers of new homes, be sure to be extra careful with spec houses where you can’t see behind the walls, otherwise you might be calling Tim.
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Now here is a pretty good measurement of how strong the wind was last night. Over in Sagaponack, this tree snapped completely in two on Ocean Road, coming within inches from the house. Verizon was down there taking care of the phone lines that were damaged. None of us here thought it was going to get as windy as it did last night. Looks like somebody is gonna have a lot of firewood. They might want to get Marders on the line and have a new one planted.
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Rachael Ray has finally closed on her Southampton compound. The $3 million dream home comes equipped with a pool, pond and multiple gardens adjacent to prestigious Shinnecock Hills Golf Club, and a European style villa (in addition to two cottages). We are looking forward to one excellent house warming party complete with good old fashioned cooking by Rachel Ray. How can you not love this woman? She’s adorable!
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It was one happy month for two brokers from Corcoran!
Here is an interesting real estate move. Esteemed photographer and painter Richard Prince is doing well. The 58 year old paid $9.7 million last month for 1.9-acres of property from his neighbor Diane Fuhrmann in Wainscott according to The Wall Street Journal. The purchase brings his property to about 3.2 acres.
From the The Journal:
The new parcel has a five-bedroom, roughly 5,000-square-foot house. It’s accessible only via a driveway that runs past Mr. Prince’s existing, 1.3-acre property he bought for nearly $4 million three years ago. The artist’s new property, with a pool and views of the ocean and Wainscott Pond, was listed in March for $11.5 million. Mr. Prince, known for rephotographing images from magazines ranging from muscle cars to biker-women, couldn’t be reached for comment.
It was not such a bad month for the brokers involved. Laura White, of Corcoran Group, had the listing. Cee Scott Brown also from Corcoran represented Prince.
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Posted By Alyssa Shelasky
Who says the fashion industry is cold? Ralph Lauren invited 18 fashion editors on a fun-loving press junket out East, which sounds more like recess than work! Check it out…..
In other A-list news, Natalie Portman is packing up and moving out. The New York Post is reporting that Portman has put her Sea Cliff digs on the market, at a rather steep price. Real estate experts say she’s living not in the Northfork, but in la-la land, if she thinks the house is worth 2.2 million. Don’t underestimate the power of saying, “Natalie Portman lived here!” Afterall, she’s one of the only starlets known for good taste.
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Posted By David Lion Rattiner
It would seem that Martha Stewart wins when it comes to her Hamptons estate, which is not a big surprise when you consider that she has made an empire out of decorating and updating homes. According to Bloomberg.com, the median price of a single-family home went up 8 percent to $690,000 in the Hamptons, according to Suffolk Research Service Inc., a real estate data company. In East Hampton, where Martha Stewart has a house, prices rose, the fastest in the area.
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