Real estate news across the East End.

Real Estate News

Under The Tuscan Sun

Ok, it’s not in Europe, but close — Quiogue to be exact, which is only an “i” away from Quogue.

Semantics aside, this 8360-square-foot, Mediterranean-inspired, seven-bedroom house on more than two acres could easily be in Tuscany.

Drive through the gates to the parking court or porte cochere and enter the living room, with its symmetrical arches, limestone fireplace, French doors, and beamed ceiling. The main floor is also home to a paneled library with fireplace and window seats, dining room with barrel ceiling, fireplace and custom-detailed limestone/mahogany flooring, and a superb kitchen with a full complement of superior fixtures and appliances.

The upper floor holds the alluring master suite, with an attached sitting room, double bath with Jacuzzi tub and steam shower, two vanities and water closets, and three other en suite guest rooms. The finished lower level has the requisite wine cellar, gym, and billiards room.

The asking price is $4,400,000. Marcia Altman of Brown Harris Stevens has the listing; email maltman@bhshamptons.com.

Store And Apartment In Cutchogue

The buyer gets a storefront shop and an apartment in Cutchogue.

This 1926 mixed-use building on Main Road in Cutchogue has been completely renovated and includes a storefront and residential space with an apartment. This income-producing property is a turnkey and would also be a great space to live. Extensive updates throughout with original details intact.

Douglas Elliman has the listing. The asking price: $1,275,000. The three-bedroom house sits on 11,000 square feet.

Second Quarter

The second quarter reports are beginning to filter in. Judi Desiderio, CEO of Town and Country, reports, “The second quarter of 2018 was a bit like a Jackson Pollock painting” — it looked like he poured paint all over it. Actually, we think she meant mish-mash. Of the 12 markets monitored, five saw an increase, five saw a decrease, and two were flat.

Amagansett in East Hampton Town statistically saw the greatest jump at 43 percent, with 20 home sales compared with 14 the prior year, same quarter. Bridgehampton (which includes Water Mill and Sagaponack) logged the highest dollar volume sale, $216,802,969, with the East Hampton Area (which includes Wainscott) right on its heels closing $202,471,729, almost twice the total from last year’s second quarter.

East Hampton Village reported a median home sales price of a whopping $6 million.

The only anchor on the South Fork for the second quarter 2018 was Sag Harbor Village, with 16-percent fewer home sales, 15-percent less total home sales volume, and a 37-percent lower median home sale price. Desiderio said the Sag Harbor number was an aberration and that sales have been rising in the village. “It is likely contributed to what I call shock absorption — home prices in Sag Harbor have been appreciating for quite some time,” she said.

rmurphy@indyeastend.com