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How has the luxury real estate market in your market been performing so far in 2020?

Residential sales Jan 2020 vs. Jan 2019:

• 22 sales vs. 21
• +$96M sales volume vs. +$53.5M: 79% increase
• average sale price +$4.37M vs. +$2.5M: 71% increase.

Condo sales Jan 2020 vs. Jan 2019:

• 29 sales vs. 18: 61% increase
• +$47.4M sales volume vs. +$15.5M: 204% increase
• average sale price +$1.6M vs. +$865,000: 88% increase

What are buyers looking for in their homes in your market in 2020?

New construction and renovated homes

Which has been a highlight sale for you so far in 2020?

The highlight of our 2020 has been the closing of 113 Atlantic Avenue, Palm Beach – representing the Buyer of this new Mediterranean construction on the ocean block, in-town home. Convenient location on large lot. 

301 Indian Road: represented the Seller of this land sale on the northernmost edge of Palm Beach Island, the perfect opportunity to build a dream home!

Are there any new restaurants or other spots in your market you’ve been loving lately?

Yes, Palm Beach has more restaurants opening this year than any year in the past. LoLa 41 from Nantucket, Almond from Bridgehampton, Shifty’s from NYC, and a new location for Italian dining, Trevini.

It’s time for spring break. What is a fun activity in your market?

One of Palm Beach’s best activities is going to the beach. Lucky for us, we can go to the beach at any time of the year! We find that spring breakers love the beach too! With our influx in population from 10,000 to +30,000 in season, the beach is a hot spot, along with delicious al fresco dining and the beautiful Vias of Worth Avenue. 

Photo Credit: www.shutterstock.com

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2 Rawson Road, Sag Harbor. Located in the Rawson Estates beachfront community in Sag Harbor comes a new luxury residence from the Curto Building Company, Peter Curto. Just completed, this modern farmhouse inspired new construction combines the open floor plan with transitional finishes to define today's modern living. This new development has been meticulously designed and crafted with quality materials, fine finish and attention to detail. With brilliant sunshine, the stately white shingles glow in crisp contrast to the high gloss black and aluminum accents. Boasting 4,000 sf with 5 bedrooms and 5 and one-half baths. Grand paneled entry foyer flanked with formal dining that leads to the custom Ciuffo Cabinetry eat-in Chef's kitchen equipped with a full suite of Subzero and Wolf, Bosch appliance package, butler's pantry, and wet bar. The open great room is anchored with a linear gas fireplace and flooded with natural light through a wall of glass sliders that leads to the expansive covered deck. The main floor Jr. master suite along with side entrance mudroom, full pool bath and laundry completes the first floor. Upstairs a grand master suite with sitting area fitted out his and her closets, spa bath appointed with a mixture of stone, glass and designer fixtures along with custom Ciuffo vanities. Three additional guestrooms and laundry complete the second floor. Outback a secluded 44 foot heated Gunite pool and professional landscape package. A 2 car garage and an additional 2500 sf full basement ready to be finished for additional living space complete this offering. Just moments from the Noyac Golf Club, Morton Wild Life, Long Beach and equidistant to Bridgehampton, Water Mill, Sag Harbor, and Southampton. The community's residents-only beach is moments away and offers majestic sunsets on the bluff overlooking Peconic Bay. 2 Rawson Rd., Sag Harb

Address: 2 Rawson Road, Sag Harbor, NY 11963

Price: $2,595,000

For more information, please contact Cynthia R. Barrett at 631-537-4322 or cbarrett@bhsusa.com

Cynthia R. Barrett is the exclusive agents representing the Bridgehampton, NY real estate market members of the Haute Residence Real Estate Network. View all of their listings here.

Photos courtesy of Cynthia R. Barrett

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Bespoke’s latest sale, 97 Mid Ocean Drive, is an incredible slate of land located directly on the waterfront. The space comes with deeded access to a private section of Bridgehampton’s beach, and sits on 1.4 acres of lush grass in an AE flood zone. It’s also the perfect location to build one’s dream house, with a unique offering of no regulatory setbacks from the crest of the dunes or the coastal erosion line, common problems for waterfront-facing Hamptonites.

The property covers 1.4 acres and can support up to a 10,000 square foot home. The size of the land also opens the space up to all kinds of new possibilities for the yard. According to Bespoke’s listing of the property, “The lack of setback mandates affords two fundamental design capabilities that are very hard, or impossible to obtain on comparable properties; a maximum pool size in an ideal location, regulation size tennis court, and the ability to obtain an expansive amount of usable, cleared, irrigated lawn space on the ocean side of the home.”

Similar to how there’s too many cars and not enough spaces in New York, the Hamptons has a continuous problem with some of the best builders, designers, and architects looking to create incredible homes in the area, with just not enough space to do so. This opportunity of oceanfront land in one of the most luxurious and costly sections of the Hamptons, presents the rare opportunity to build the perfect space. This location was listed at $24,900,000, and is now off the market for the lucky buyer. As Hamptons season creeps closer and closer on the calendar pages though, Bespoke’s last oceanfront sale in Bridgehampton is a reminder that the time to buy is right now for the summer season.

The post Bespoke Sells Last Oceanfront Property In Bridgehampton appeared first on Haute Residence by Haute Living.

Just a short stroll away from the ocean, the eight-bedroom,10-bath glass-encased home touts a fresh vibe salted with nautical accents, and is drenched in natural sunlight.

Among the airy abode's noteworthy features is a gourmet kitchen outfitted with a built-in banquette and breakfast bar, embellished with mosaic tiles.

Flavored with just a touch of whimsy, the brand new house comes with a master suite complete with a luxuriant bath and glass sitting space—not to mention three fireplaces; a home theater; a billiards room; a two-bedroom guest suite; a fitness studio; a three-car garage; a wine cellar; and a sprawling deck, ideal for entertaining a myriad of guests.

Currently asking $16,000,000, the bright listing also showcases a sitting room and an office with sliding doors that open to its grounds, plus a sizable great room with a wall of windows overlooking a slate patio, a heated gunite pool and spa, and a matching pool house.

For more information about the Sotheby's International Realty property, click here

The post This Airy Abode in the Hamptons Makes Barn Life Seem Chic appeared first on Haute Residence by Haute Living.

Jay-Z and Beyonce apparently are the answer.

The couple has paid $400,000 to rent the property, which is actually a discount compared to what direct marketing ace Cheryl Mercuris paid to stay at the property. Her two week stay at the property had a half million dollar price tag.

The three year-old home features a 60-foot heated pool with a stereo to pump the works of the music power couple and a basement complete with a skating rink, basketball court, spa and two bedroom apartment. Outside the 31,000 square foot home (on 11 acres) find a tennis court.

The estate also features an eight car garage.

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Source: therealdeal.com

The post Jay-Z and Beyonce Rent Bridgehampton Sandcastle appeared first on Haute Residence by Haute Living.

Tamara Mellon, the co-founder of luxury lifestyle brand Jimmy Choo will be unpacking her posh creations at this new mansion in Bridgehampton, NY in the Hamptons.

The $7.95 million dollar home features 7 bedrooms, and 6 1/2 bathrooms in its palatial 6,500 square feet.

There are fireplaces in both the living room and great room, and a second master bedroom for guests that features access to the pool area. For the rainy days, there's a recreation area on the bottom floor.

The master suite runs the entire length of the home and allows for beautiful balcony views of the adjacent 13-acre reserve.

The open back pool area at the new Mellon estate

There is plenty of space for staff to live and work. The home features an eat-in kitchen as well.

On the bottom floor features there are more amenities including a sauna, wine cellar, and home theater.

Mellon will have plenty of time to enjoy the new home. She stepped down from Jimmy Choo when the company was bought by Bally Shoe owner Labelux last year.

Source: Radar Online

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