Real Estate News

Pond Front Gem Changes Hands

Osato House Has New Master

Sono Osato, a world-famous ballet star who went on to achieve stage and screen stardom, died in December just months before her 100th birthday. She also barely missed the sale of her summer residence, a little cottage-type that reportedly fetched a handsome $26 million.

Osato is most remembered for creating the role of Ivy Smith in the 1944 Broadway premiere of “On the Town.” She made the difficult transition to film star five years later, earning praise for her performance in 1949’s “The Kissing Bandit” with Frank Sinatra.

After she married Victor Elmaleh the couple picked up the 7200-square-foot house on Sagponack Pond. It has five bedrooms and six baths: the official address is 236 Quimby Lane.

Sotheby’s International Realty agent Deborah Srb, who is having quite the year despite the down market, reportedly had the listing. The buyer has yet to be identified, but word is already out that the house is a likely teardown, to be replace by a suitably garish residence that will be almost twice as big.

Peconic Landing’s Patio Homes

Peconic Landing is launching a new residential offering for prospective members, The Patio Homes. This new offering combines the best of both worlds, cottage lifestyle at apartment pricing.

Peconic Landing is a nationally recognized, equity-based Continuing Care Retirement Community in Greenport.

The Patio Home concept was derived from focus groups with prospective members who were looking to downsize but still wanted the feeling of being in a freestanding home. In order to accommodate this request, Peconic Landing has begun to remodel freestanding cottages into two separate and distinct residences.

The Patio Homes are the ideal destination for the ever-evolving consumer who is seeking less expensive retirement living options on the North Fork of Long Island. These homes provide complete independence with the support of additional care options if ever needed. Each Patio Home offers a bright and open floor plan and is approximately 950 square feet, including one bedroom with one and a half baths. There are currently four different styles to choose from.

“The Peconic Landing team is thrilled to officially announce our newest residential option. The Patio Homes are the perfect choice for those looking to downsize, but not interested in apartment living,” said Robert J. Syron, President and CEO of Peconic Landing. “We believe The Patio Homes will be particularly attractive to snowbirds.”

“We are excited for the launch of The Patio Homes. After working with prospective members and learning firsthand what their preferences are, it’s rewarding to now provide options for those who want cottage living at a more affordable price point,” said Laurelle Cassone, Director of Sales and Marketing at Peconic Landing.

Visit peconiclanding.org to find out more.

rmurphy@indyeastend.com