This compelling new exclusive offering built by well-respected PMD Builders, located in prestigious Water Mill will not last long! This Estate like, Grand 9,720+/-SF Newly Built Traditional is scheduled to be complete early 2019. As you enter through the gated entrance, the driveway leads you up to the highest point of this custom landscaped acre, where this prodigious and opulent new construction is thoughtfully perched, providing a breathtaking towering approach. Fortuitously, the elevation provided a perfect opportunity for the builder to offer not only an above grade walk-out Lower Level spanning end to end along the back of the house, but also an oversized 3-car garage that enters into the Lower Level along the Western side of the house. The impressive two-story foyer that opens into an expansive open floor plan with 10' ceilings, flooded with natural light through Anderson sliders that open out to the oversized mahogany deck, boasting a full outdoor kitchen with 56' grill for seamless indoor/outdoor entertaining. Custom, top of the line features found throughout the house, such as select white oak floors and an elevator for ease of access to all three levels, make this a unique offering at an unbelievable value. The first floor offers an expansive 3,800+/-SF, providing outdoor access to about 1,000+/-SF of mahogany decking from the family room with gas fireplace, generous Living Room with wood-burning fireplace and bar, first floor master bedroom wing sitting area, as well as the custom eat-in kitchen, complete with Carrera marble countertops, SubZero fridge, Viking stove and Thermador Double oven. Completing the first floor is a double height library, double height formal dining room, a powder room on either end of the house and a custom built office space in the first floor master wing featuring a Jr. Master Suite that boasts a gas fireplace and exquisite five piece bath including a soaking tub, shower and a double vanity. As you arrive on the second floor landing, an abundance of natural light from the double height foyer welcomes you, and an opening overlooking the formal dining room provides natural light to flood the hallway which graciously welcomes you to the guest bedrooms. The generous master bedroom is privately situated on the Eastern side of the house, featuring vaulted ceilings complete with sitting area, gas fireplace, a beautifully designed over the top five-piece bathroom and walk-in closet featuring custom California Closets. Completing the second floor is a laundry room and four lavish en-suite guest bedrooms. There are multiple sliding doors along the back of the house in the 2,820+/-SF Finished Lower Level, allowing enough natural light in to feel like it's the main floor. The 1,000+/-SF covered patio can be accessed through sliding doors from two of the Lower Level Guest Suites, as well as the large recreation room that features a wet-bar, sink and ice maker along with an additional laundry room and powder room. This Lower Level boasts also boasts an additional en-suite staff bedroom, state-of-the-art gym as well as a massive walk-in wine cellar complete with tasting table that will likely require most to determine a strategy for stocking. The custom landscape package carrying the fresh, new and luxurious elegance from inside to the outdoors, will also provide a private ambiance for endless summer entertaining around the gunite pool with Southern exposure, complete with sun shelves and a water fall edge. This unique situation will offer a savvy buyer the opportunity to steal a new construction, with all the amenities and upgrades that would cost them more to build themselves, making this an excellent investment opportunity!

Address: 204 Roses Grove Road, Water Mill

Price: $4,100,000

For more information, please contact The Avigdor/Penkova Team at 631-204-2740 or theavigdorpenkovateam@elliman.com

 The Avigdor/Penkova Team is the exclusive agent representing the Sagaponack, New York real estate market as a member of the Haute Residence Real Estate Network. View all of their listings here.

Photos courtesy of The Avigdor/Penkova Team 

The post Prestigious Water Mill Estate appeared first on Haute Residence by Haute Living.

Address: 1833 Deerfield Rd., Water Mill, NY 11976

Price: $2,395,000

For more information, please contact the The Avigdor/Penkova team at 631-204-2740 or raphael.avigdor@elliman.com

The Avigdor/Penkova team is the exclusive agent representing the Sagaponack, New York real estate market as a member of the Haute Residence Real Estate Network. View all of their listings here.

Photos courtesy of The Avigdor/ Penkova team 

The post Renovated Hamptons Sanctuary appeared first on Haute Residence by Haute Living.

Drive down a long private driveway to find rolling and wonderfully landscaped grounds. This is truly a custom build featuring a soaring ceiling revealing 12 x 12 cyprus wood trusts supporting a 25' vaulted ceiling.

The home is full of light and space, and crafted with the finest materials. The large windows and eight-foot doors are mahogany with "tilt and turn" features. The flooring is also made of cypress boards. The height of the ceiling with well spaced skylights creates a dramatic light-filled space in the open-plan first floor. The living/dining room area enjoys a magnificent marble fireplace.

The custom Italian kitchen has gleaming stainless steel cabinets and shelving along with top-of-the-line stainless appliances by Sub-Zero, Wolf and Bosch. The countertops are marble.

The master suite with deck access offers a marble raised fireplace, marble master bath with radiant-heated floor, and a large walk-in closet along with an adjacent office. Two additional guest bedrooms and a laundry room complete the first floor. A glass-walled staircase leads to the second floor, where you will find two additional spacious guest suites each with its ensuite bathrooms.

The lower level provides 1,000+/- square feet of finished space for recreation, plus a full bath with steam shower and sauna. In addition, this lower level has an additional 2,886+/- square feet of unfinished space with window and walk-out access, along with a wine room ready for finishing. Outdoors, a pergola overlooks the 50-foot heated gunite pool. This is a wonderful and fine crafted execution by an experienced builder with room for tennis and must be seen to be appreciated.

Address: 901 Seven Ponds Towd Rd, Southampton, NY 11968

Price: $4,450,000

Bedrooms: 5

Bathrooms: 8.5

View the listing here.

For more information contact The Raphael Avigdor Team at 631-204-2740 or 917-991-1077 or raphael.avigdor@elliman.com

The Raphael Avigdor Team is the real estate team exclusively representing the Sagaponack, New York market as a part of the Haute Residence real estate network. View all of the team’s listings here. 

Images courtesy of The Raphael Avigdor Team

The post Unique Southampton Estate appeared first on Haute Residence by Haute Living.

Haute Residence talked with Avigdor to learn more about the team’s recipe for success and the current state of the market.

The team has a diverse makeup. Given that the Hamptons attract buyers from around the world, how have the team’s diverse backgrounds, expertise and perspectives led to success?

Between all the members of our team we speak eight languages. Certainly this helps us to cater to an international clientele in that people often feel more comfortable speaking in their native tongues. We are successful because we are good communicators despite what language we are speaking in. It is the research, facts, and truthful valuations that we can provide that added value to the process.

The whole team dedicates its time working with each client. What are the benefits of doing so compared to having different team members working with different clients?

It does take a village. We have members of the team who are experts in land use and zoning, while others have architecture backgrounds. Others are excellent negotiators. We allow each team member to interact with our clients and customers to bring their special knowledge to the table and get the job done.

What is the dynamic like in the office on a typical day?

Ha. Well, one thing is certain, we are all super busy. We hold brief team meetings at least twice or three times a week to communicate the essential things the team needs to be up to speed on. Different members are tasked with different responsibilities so in the end everyone does their job in the production line and we deliver “service” and next “sales” as an end product.

Raphael, you have been in the real estate industry for years now. How has the Hamptons evolved in the last decade or so as a luxury real estate market?

The Hamptons has always been a luxury real estate market. Changes I have seen over the years is that the buying power seems to be ever shifting to a younger and younger demographic. Or, is it simply that I’m getting older? Money flows to the Hamptons because the market realizes that not only can they see returns on their investment but that there is a tremendous quality of life improvement that comes with breathing the fresh air, walking on the beach, or watching the stars. It’s the perfect place for love, art, athletics, healthy living, and family.

485 David Whites Ln, Southampton, NY 11968 is offered at $5,295,000 by The AVIGDOR / PENKOVA Team

Pricing homes is often a daunting – yet crucial – task and could be such especially in a high-profile market like the Hamptons. What is your approach to home pricing?

We are quite cold-blooded and mathematical about our valuations. Simply enough we compare like or similar properties in terms of size or year built with similar amenities such as tennis or pool house and look for what the last 10 “comps” traded for in the past year. We look for the average dollar per square foot for those comps and apply that metric to the square footage of the house we are appraising. We adjust our end figure for special circumstances such as fantastic landscaping, curb appeal, water views or the general “hopefully pristine” condition of the property.

How did the market fare in the last year? What are your expectations for this year?

We has a very strong year last year. Despite that, the market seems to have flattened out just a bit this year. But it might be too soon to tell as we are very active presently and the next two months could very well define the year. Everyone on the team is an optimist. All brokers have to be. I believe this will be an even stronger year than last.

475 David Whites Ln, Southampton, NY 11968 is offered at $5,975,000 by The AVIGDOR / PENKOVA Team

What advice do you have for buyers looking to purchase or invest in a property in the Hamptons this year? What about sellers?

For buyers I always say, “Get your credit in order… and step up to the negotiating table as a “cash” buyer." This does not preclude your right to bring a bank to the closing table but sends the right signal to the seller that you are not looking for an “out.” Same goes for inspections. Go ahead do an inspection prior to signing the contract but don’t burden the deal with an inspection contingency.

For sellers, I have lots to share with them. For starters, never turn away a showing opportunity. Whether your kid is having a birthday party, or guests are over or not – just show the house! It only takes one buyer to get the job done and that one that you reject might be the one that was going to buy it.

My second piece of advice to a seller is simply, “Don’t get cocky.” It’s easy to reject an offer, but it might take you another six months to see another one. If you are prepared for that, ok no argument here, but if you are going to get anxious after two months on the market, don’t be so cavalier with the first offers that come in.

What are the team’s professional goals for 2018?

To conduct ourselves professionally at all times. To provide superior service at all times. To attend each and every customer and client with focus. And, of course, the most important goal – to sell a ton of houses!

The AVIGDOR / PENKOVA Team is the real estate team exclusively representing the Sagaponack, New York market as a part of the Haute Residence real estate network. View all of the team’s listings here. 

Images courtesy of The AVIGDOR / PENKOVA Team

The post The AVIGDOR / PENKOVA Team: “It Takes A Village” To Offer The Best Real Estate Service appeared first on Haute Residence by Haute Living.