The Inn at East Hampton was recently sold for $5 million.

Real Estate News

By Any Other Name

Courtesy Daniel Gale
An East Hampton motel recently changed ownership.

A team from Daniel Gale Sotheby’s International Realty, one of the nation’s leading realtors, recently handled both sides of a transaction that sold the Inn at East Hampton to World Properties LLC for $5 million.

Daniel Gale Sotheby’s International Realty’s Inbar Mitzman, Lisa Ferraro, and Dana Forbes listed and sold the Inn for their client, East Hampton Motel LLC.

The Inn at East Hampton, now renamed Journey, is located at 490/492 Montauk Highway in East Hampton. The transaction closed privately using in-house attorneys and without financing, according to a press release from Sotheby’s.

Founded in 1922, Daniel Gale Sotheby’s International Realty consistently leads the nation in achieving one of the highest average sales prices in the country. It is a $3.3-billion organization, with more than 950 sales associates in 28 offices throughout Nassau and Suffolk Counties, including the North Fork and Westhampton Beach, and in Queens.

Home Improvement Tips

The folks at RE/MAX ask the rhetorical question, “Do you have home improvement envy?”

Studies show more than half of the respondents feel the urge to improve the appearance of their homes when they see another’s home improvement project. From a landscape refresh to a patio overhaul with the latest grill and patio set, there’s no inspiration quite like competition with neighbors, especially if the competing houses go on the market.

Some of the dos and don’ts are worth noting in these parts. If you are a do-it-your-selfer, don’t start working too early in the morning — the neighbors will mind. Make sure the work site, if visible from the road, is cleaned up at the end of each day. And for all you procrastinators out there, get the job done in a timely manner. That means no lollygagging.

Balasses House

The Balasses House, which was the go-to antiques store for Alec Baldwin and Kim Basinger and many other boldfaced names in these parts, is at its core a nice, historic house flush on Main Street in Amagansett.

It’s been renovated and reportedly put on the market for $6 million. Kristi Law is handling the sale for Sotheby’s. Originally built in 1800, the 3600-square-foot home at 208 Main Street lies in a limited business overlay district and still has some permitted uses subject to town approval. The big news is the interior renovation, which has restored the grand lady to her original glory. It’s a head turner.

rmurphy@indyeastend.com