Martha Stewart

Photo Credit: Shutterstock

In 1991, the poster woman of American homelife Martha Stewart purchased an East Hamptons residence for $1.7 million. The Martha Stewart Living Omnimedia founder stated that, “It was the oldest house on the block and a total wreck,” yet “[she] decided [she] had to have it.” Over the years, the property would be renovated and become her longtime vacation home. However, she is now bidding farewell to the humble abode. While the transaction is an off-market deal, it is reported that the initial asking price was listed at $8.4 million but was finalized at a whopping $16.5 million. At nearly double the asking price, Stewart has made a massive profit and left her former residence to Kenneth Lerer, the former chairman of BuzzFeed and co-founder of the Huffington Post, and his wife, interior designer Katherine Sailer.

Built in 1873, the shingled cottage has been restored and renovated into a more contemporary space while maintaining its initial charm. Stewart, well known for her design skills, claims “it’s an old-fashioned house, but it has a clean, pristine vibe.” Although not much is known regarding the interior layout of the home, decorative elements include unique pieces acquired from various yard sales and consignment stores. With its original paneling and built-ins, the lovely vacation home features a glass-enclosed porch with teal-blue Mexican cement tiling which acts as dining area. Additionally, the space boasts newly leaded glass windows and plentiful wainscoting. Notable distinctive features consist of a marble vanity in the primary bathroom, a pink and yellow Venetian-glass chandelier in the formal dining room, and a collection of antique taxidermized fish throughout the residence.

The post Hamptons Happiness: Martha Stewart Sells Vacation Home For Double The Asking Price appeared first on Haute Residence by Haute Living.

Calvin Klein

Photo Credit: Shutterstock

In 1891, the historic East Hampton estate was built by acclaimed Grey Gardens architect Joseph Greenleaf Thorpe for the homeowner’s wife, Laura Brevoort Sedgwick. Following a near century and list of elite owners, Calvin Klein purchased the property from the son of Juan Trippe, the founder of Pan American World Airways. The real estate sale took place in 1987 with Klein’s second wife, Kelly Rector, where the formerly married couple spent $3.6 million to acquire the impressive property.

Following the first few years after purchase, the duo executed substantial renovations to the home and eventually had it featured in the 1992 edition of Vogue Decorations. While the celebrity couple officially divorced in 2006 and were reportedly separated for a decade prior, Rector continued to reside within the Hamptons home. Despite her stay nearly fifteen years following their split and her former initials “K. K.” plastered on the front gate, the deed was still in Klein’s name. This past week, the estate was sold in two off-market transactions to undisclosed buyers hidden behind an LLC. The sale consisted of the main property which sold for $75 million as well as the adjacent strip of undeveloped land for an additional $10 million.

The lavish Hamptons estate built in 1891 is situated on 8.4 acres of lush land and features a main mansion as well as a boathouse. Shortly after Klein and Rector purchased the residence over three decades ago, they summoned the help of renowned architect Thierry Despont to modernize the interior space. Spanning over 10,100 square feet, the primary house is a shingle-style mansion including five bedrooms and eight bathrooms. While information in regards to the home’s interior design is limited, Klein and Rector are infamously infatuated with sleek white interiors and perfectly executed construction projects. Some notable renovations to their former Hamptons estate consist of a swimming pool and boathouse on Georgica Pond pictured in the aforementioned 1992 issue of Vogue Decorations.

For more on the latest in luxury real estate, visit dev.hauteresidence.com.

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James Petrie presents

Sited down a long pebble driveway crossing over a small pond, this Amagansett residence is located just outside the village. Positioned on 1.9 acres abutting old growth Beach Tree forest reserve the natural privacy is second to none. The spacious house is over 7,300 square feet above grade with ample informal and formal entertaining space. The master wing overlooks the grounds and pool area with generous room dedicated to the bathroom and walk in closet. Three additional en-suite bedrooms make up the second wing. Above the garage is a perfect private guest suite. The finished lower level features a home theater with a wet bar, a gym, a sauna, and an additional guest bedroom and full bathroom. Throughout the house you will find wide plank French oak floors and beautiful moldings. Outside through the French doors is a patio surrounding the gunite pool. The pool house features a bathroom and a cabana area.

Address: 12 Southwood Court, Amagansett, NY 11930

Price: Available upon request

For more information, please contact James Petrie at 631-830-2084 or james.petrie@compass.com

James Petrie is the exclusive agent representing the East Hampton, NY real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here. 

Photo Credit: Lena Yaremenko

Photo Credit: Lena Yaremenko

Photo Credit: Lena Yaremenko

Photo Credit: Lena Yaremenko

Photo Credit: Lena Yaremenko

Photo Credit: Lena Yaremenko

Photo Credit: Lena Yaremenko

The post James Petrie Presents This Spacious Amagansett Home appeared first on Haute Residence by Haute Living.

James Petrie presents

12 & 15 West Dune Lane totals 3.4 acres and borders a 90 acre golf course allowing full western exposure from the first and second floors. Designed by Robert Stern the oceanfront property features an 8,000 sq. ft. house with a waterside pool on 2.4 acres. The interior property features a 6,000 sq. ft. guest house and pool on 1 acre. Truly one of the most spectacular properties in East Hampton.

14 BD | 15.5 BA | 8000 SF | 3.40 AC

Address: 12 & 15 West Dune Road, East Hampton, NY 11937

Price: $75,000,000

For more information, please contact James Petrie at 631-830-2084 or james.petrie@compass.com

James Petrie is the exclusive agent representing the East Hampton, NY real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here. 

Photo Credit: Lena Yamerenko

Photo Credit: Lena Yamerenko Photo Credit: Lena Yamerenko Photo Credit: Lena Yamerenko

The post A Spectacular Oceanfront Property In East Hampton By James Petrie appeared first on Haute Residence by Haute Living.

The panelists were hosted by Haute Living's Erik Haase for the dialogue. They panelists were:

• Randi Ball, Award-Winning Agent, Corcoran, East Hampton, NY
• Anna Sherrill, Regional Director of Sales, ONE Sotheby's International Realty, Miami, FL
• Jonathan Spears, Founder, Spears Group with Scenic Sotheby's International Realty, Destin, FL

Watch the webinar below.

Highlight quotes:

Randi Ball: "There is no crystal ball. Don't be overly greedy. Price your house where it should be priced. Buyers are coming in and are happy to pay full price if [a home] is priced well. There's not a lot of game playing. So if you're going to sell your house, sell now. It's a great time to sell... For purchasers, houses are going fast, they are going at full price, and there are bidding wars. If you see what you like, you need to move really fast. People are staying here for longer periods of time and they are more looking for the right spot for their family than worried about, the extra half hour, 45-minute commute back to the city."

Anna Sherrill: "Rentals here, especially single-family homes, went really quickly. Low-density buildings with larger units went [as] well... We are still doing deals and things are happening. We have people from California and New York. Before, it was for taxes. Now they're staying here and just comfortable with what we have lifestyle-wise in Miami... Interest rates are at an all-time low. Everybody that can is taking advantage of it. Not everybody uses it right away when they're making an offer because they want their offer to be stronger, but money is very inexpensive so a lot of people get a cash offer and get financing... There are opportunities out there for everybody."

Jonathan Spears: "Folks have started to rethink their lifestyles. And so, when you're working remotely throughout the pandemic, and [they] realize this actually works, people decide to work remotely in Florida. This has been an area that, as folks have looked at case counts and determined what's the safest spot to go, they've come here... Primarily, we're second homes, but with that lifestyle change, we're starting to see more and more primary residences, serving the luxury end of the market... Being that stable, reliable source of information for your customers, and understanding your market and the value that you bring. This is what has allowed us to navigate a high volume of transactions in a very short amount of time.

To watch more webinars by Haute Residence, visit dev.hauteresidence.com.

Randi Ball, Anna Sherrill, Jonathan Spears

The post Real Estate Webinar: The Latest On Atlantic Coast Markets appeared first on Haute Residence by Haute Living.

Photo Credit: Compass

What are buyers looking for in their homes in East Hampton in 2020?

At the moment, I think buyers are looking for appropriately priced homes with definite upside if they add value. New construction is still very popular. 

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

117 Lily Pond Lane, East Hampton South for $11 million in February. 

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

TTs in Montauk is a great spot for tacos and atmosphere.

Photo Credit: www.shutterstock.com

It’s time for spring break. What is a fun activity in East Hampton?

The trails in Northwest Woods and Montauk this time of year are great, especially along the Bayside.

The post James Petrie Talks Real Estate And Fun Things To Do In East Hampton During March appeared first on Haute Residence by Haute Living.

Privately located down a quarter-mile driveway and bordered by reserve on two sides, this classic three-story oceanfront beach house was originally built in 1903 by a local carpenter as a wedding gift for his daughter. 169 Atlantic Avenue resides on 1.73 acres with views of the ocean from every bedroom and panoramic ocean views from the second-floor master suite. A third-floor en-suite guest room sits high above the dunes. All of the glass windows are original to the house and have been meticulously maintained. A large living room with twin fireplaces overlooks the wrap-around decking and walkway to the ocean. The eat-in kitchen looks out over the 12 + acres of town dune reserve and is connected to a large screened-in outdoor eating area. A cabana-style outdoor shower structure is the perfect pit stop going to and from a day on the beach. This unique generational opportunity neighbors the historical Clinton Academy Museum and Amagansett Life Saving Station. A true gem.

Address: 169 Atlantic Avenue, Amagansett, NY 11930

Price: $15,000,000

For more information, please contact James Petrie at 631-830-2084 or james.petrie@compass.com

James Petrie is the exclusive agent representing the East Hampton, NY real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here. 

Photo Credit: Compass Photo Credit: Compass Photo Credit: Compass Photo Credit: Compass Photo Credit: Compass

The post James Petrie Presents A Classic Amagansett Home appeared first on Haute Residence by Haute Living.

Nestled on 3 private acres in the prestigious Georgica estate section of East Hampton, mere minutes to the ocean and sandy beaches is an exquisite, fully-updated classic 1906 estate home of grand proportion. A gated entry leads into picturesque park-like property graced by the natural elegance of mature trees and lush landscaping. The one-of-a-kind estate compound is comprised of a distinctive 7,000 square foot main home, published for its meticulous design work by Will Schulz and complete 2002 renovation by Andreassen, along with a fabulous 1,200 sq ft legal barn guest house and a detached 3-car garage. Indulge in wonderful pleasures right on your own spectacular grounds with a 50-foot heated swimming pool and full-size Har-Tru tennis court. The magnificent main residence is architecturally striking and perfect for lavish indoor-outdoor entertaining. An expansive vaulted living room with airy 13-foot-high ceilings, spacious eat-in chef's kitchen and lovely paneled library all present French doors that open out to the south-facing stone terrace. Beyond the terrace's multiple bluestone stairways and bluestone retaining walls are beautiful gardens that instill a sense of solitude. The home's second-story houses an oversized master suite retreat with a fireplace and private sun deck, as well as 4 additional bedrooms and an office. The legal third story extends the comfort with 2 bedrooms, 2 bathrooms and a sitting room. Visitors and family will enjoy private living in the extraordinary guest house featuring a double-height 22-foot great room, bluestone floors, gunite walls, a full kitchen, and an elegant bedroom suite.

Address: 253 Cove Hollow Road, East Hampton, NY 11937

Price: $12,900,000

For more information, please contact James Petrie at 631-830-2084 or james.petrie@compass.com

James Petrie is the exclusive agent representing the East Hampton, NY real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here. 

Photos courtesy of James Petrie

The post James Petrie Presents A Prestigious East Hampton Estate appeared first on Haute Residence by Haute Living.

Welcome to East Hampton South. Seconds away from Red Horse Market, the Village, and the ocean beaches, this 7 bed 6.5 bath traditional residence is 5300 square feet and sits on a full acre. Completely renovated and redesigned by Botta and Sferrazza in 2011, the open floor plan allows flawless entertaining between the living room and chefs kitchen. A formal dining, sunken great room, and guest suite are off the main foyer. Five additional bedrooms are located on the second floor including the master suite. A gunite pool and patio overlook the maturely landscaped backyard.

Address: 211 Cove Hollow Road, East Hampton, NY 11937

Price: $4,800,000

For more information, please contact James Petrie at 631-830-2084 or james.petrie@compass.com

James Petrie is the exclusive agent representing the East Hampton, NY real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here. 

Photos courtesy of James Petrie 

The post This East Hampton Traditional Home Keeps You Close To The Beach appeared first on Haute Residence by Haute Living.