This week's Hamptons real estate news.

Real Estate News

Brooks/Bancroft Beach House

Independent/Courtesy Brown Harris Stevens.
The Water Mill beach house owned by Mel Brooks and Anne Bancroft is on the market.

There are few duos that can match the success of the husband/wife team of Mel Brooks and Anne Bancroft. He is the comic genius who brought us Blazing Saddles and Young Frankenstein. Bancroft won an Oscar for her performance in The Miracle Worker and became a household name for her performance as Mrs. Robinson in The Graduate.

When they were away from the bright lights, however, the couple enjoyed relaxing in their 2000-square-foot Water Mill retreat, where they held small parties and enjoyed barbecuing by the beach.

The couple paid $2 million back in 2000 but after Bancroft died in 2005, Brooks began spending less time there. He eventually sold it five years later.

It has come on the market again, courtesy of Brown Harris Stevens.

The spruced up three-bedroom, three-bathroom home on 1131 Flying Point Road has hardwood floors, beamed cathedral ceilings, and sliding glass doors throughout, which open onto exterior decking leading down to a private beach.

Mary Ann Cinelli has the listing for BHS.

Good Ground has Good Friend
Good Ground Park in Hampton Bays has good friends — the folks at Douglas Elliman Real Estate. The real estate brokerage giant made a $50,000 donation to Southampton Town to help build a much-needed playground at the site.

Carl Benincasa, a regional vp/sales for Douglas Elliman Real Estate — and a former town attorney — presented the town board with the check from his real estate firm at a recent meeting.

“We really appreciate the partnership with Douglas Elliman,” Southampton Town Supervisor Jay Schneiderman said during the meeting, echoing thanks from the other four town board members.

He noted that previous efforts to secure grants for the playground fell short.

The town intends to install a sign acknowledging the $50,000 donation once the playground is completed; it was not immediately clear when the equipment would be purchased and installed in the park.

“I think it’s really fantastic that they are giving back to the community in this way,” Town Councilman Tommy John Schiavoni said. “I think this grows community and I look forward to more public-private partnerships like this.”

The $4 million park, which is sandwiched between Montauk Highway and Squiretown Road in Hampton Bays, already has a toddler playground that was installed prior to last summer’s grand opening. The new addition will be for children age five through 11.

The park also features its signature amphitheater as well as benches, a water fountain, and approximately 100 diagonal parking spaces along a main, two-lane entrance. Eventually, the town intends to add other amenities, including public bathrooms and hiking trails.

Bouvier Estate Sale official
The child home where Jackie Kennedy Onassis used to ride bareback has officially changed hands. The Lasata estate passed to 121 Further Lane LLC in January, but for a sum significantly less than the parties involved led us to believe. The asking price, a horsehair shy of $30 million, was itself significantly reduced from $39 million. In the end, the property sold for $24 million.
Jackie and her sister, Lee used to spend summers on the estate, once owned by their father Black Jack Bouvier III.

Reed Krakoff, and his wife, Delphine, purchased it for $25 million in 2007.

New Managers For Soundview

The Montauk Soundview Board of Directors entered into a contract with Out East Management of Montauk to manage the 31-unit cooperative waterfront resort located at 6 Soundview Drive, New York. OEM has been contracted to provide property management, rental program management and administration, housekeeping services, marketing, and financial management.

“We are very excited to partner with OEM to help us take the Montauk Soundview to the next level,” said Jim Kleven, president, Montauk Soundview Board of Directors.

“We appreciate the vote of confidence from the shareholders of the Montauk Soundview and are looking forward to a very successful relationship,” said Lynden Restrepo, OEM’s CEO. “It truly is a unique property, a great location right on Block Island Sound with direct waterfront access, a variety of rental options, and one of the best places in Montauk to watch a sunset. It’s a great family resort, and we are committed to work in partnership with the Montauk Board of Directors to make it even better.”