Real Estate News

Amagansett Inn

Amagansett Inn

Gansett Green Manor. Independent/Sothebys

The Gansett Green Manor on Main Street in Amagansett, restored in all its glory, is on the market for just south of $7 million, and given the package of residence, inn outbuildings, and a generous almost two-acre lot, it figures to sell quickly.

This beautiful, iconic retreat is traditional yet updated, and includes manicured grounds, a private farmhouse, an inn suitable for weddings and lavish parties, and is a short walk to the Jitney. It checks all the boxes.

Dana Forbes (516-639-1867) has the listing for Daniel Gale Sotheby’s.

BHS Concurs: Not So Good

The Brown Harris Stevens quarterly report is out and like the other major players, the interpretation of third quarter sales figures confirms the East End market slumped. The total number of third quarter South Fork sales dipped 15.7 percent compared to the same quarter in 2017 (344 in 2018 vs. 408 in 2017), and the total dollar volume decreased 17 percent to $598 billion.

The third quarter average sales price in the Hamptons declined 2.5 percent to $1.74 million while the median price increased 14.8 percent to $1.03 million.

The number of sales on the North Fork decreased 27.8 percent (to 143) in Q3 2018 compared to the previous year.

One encouraging sign: The average North Fork sale price for the quarter increased 7.4 percent to $583,444 and the median price remained the same as last year at $480,000.

Tis The Season

Saunders & Associates will hold its fourth annual Thanksgiving food drive to benefit local food pantries. The company is hosting the Can-Do Thanksgiving Food Drive in three of its offices, which are serving as drop-off locations for donations of canned food. The food will be delivered to the Southampton, Bridgehampton and East Hampton Food Pantries.

Items especially needed include peanut butter, jelly, tuna fish, canned vegetables, applesauce, canned soup, canned fruits, canned pasta sauce, pasta, and juices. Donations may be dropped off from 9 AM to 5 PM by Wednesday, November 14 at the firm’s offices: 14 Main Street, Southampton, 631-283-5050; 2287 Montauk Highway, Bridgehampton, 631-537-5454; or 26 Montauk Highway, East Hampton, 631-324-7575.

East Marion Business

The Fork and Anchor at 8955 Main Rd in East Marion is on the market. It is in a high visibility location, adjacent to the Jitney stop and near the Lavender Farm and ferry.

There is a huge storage barn that comes with the deal. It is a wonderful opportunity for any food-loving entrepreneur. Financial info provided upon signing of a confidentiality agreement. Douglas Elliman has the listing.