Real Estate News

Real Estate News

East Moriches Farm 

Independent/Courtesy Brown Harris Stevens
A unique Arts & Crafts house on a working farm in East Moriches has hit the market.

An impeccable Arts & Crafts home for sale, located in the Historic District of East Moriches, sits on a gorgeous, 2.2-acre property, which abuts a deeded horse preserve, and was once a working farm.

Totally renovated, with loving attention to every detail, the home now offers the amenities that we expect in a 21st-Century abode (gourmet kitchen, central air conditioning, luxurious master bath) while retaining the integrity of houses built in the revered Arts & Crafts style, with their graciously-shaped rooms, quality wood and glass work, and classic floor plan.

The property has been completely overhauled. It features dozens of specimen trees, perennially flowering gardens, and a delightful koi pond, all organically maintained, as well as a new heated barn, which currently serves as a serious workshop.

The American Dream

Today homeownership is 64.2 percent — one of the lowest levels in history, according to Judi Desiderio, CEO and president of Town & Country Real Estate. The peak was back in 2004 when nearly 70 percent (69.2 percent to be exact) of all Americans owned their own home.

Why is home ownership so important that it is referred to as “the American Dream?” Ben Carson, who heads the Department of Housing and Urban Development said, “Homeownership serves as an enduring symbol of security and prosperity and provides many Americans with a legacy they can pass down to their children and grandchildren.”

Elizabeth Mendenhall, president of the National Association of Realtors said, “National Homeownership Month is a time to celebrate and provide the modern American Dream of owning a home. Homeownership changes lives and enhances futures.”

“Homeownership is a vital component to how we live and what we leave behind. When you connect with Mother Nature in the garden or simply by bringing a container of herbs into your apartment, your life becomes more enriched,” said Desiderio.

“Creating your own space — your own style — your personal stamp on your personal space is so rewarding. Best of all, you pay your own mortgage instead of someone else’s . . . while building your personal wealth,” she added.

Twenty-Five Acres in Sag Harbor

Independent/Courtesy The Corcoran Group
Matt Lauer has a Sag Harbor spread reportedly on the market.

Strongheart Manor in North Haven may be Matt Lauer’s stronghold in his time of need, but he has another comfortable fallback residence nearby. But with things in, shall we say, a bit of disarray, that house is being actively marketed.

Lauer’s 25-acre estate is in nearby Sag Harbor, which he put on the market originally after he purchased the manor from Richard Gere. The asking price was $18 million.

But despite the formidable acreage, sources say the price has dropped to less than $15 million.

The 8000-square-foot secluded residence has six full bathrooms, two half-baths, and the requisite oversized pool and tennis court. Lauer bought some of the acreage almost 20 years ago.

rmurphy@indyeastend.com