Charles Schwab, Michael Illari, Southampton, Hamptons
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Real Estate Center

Real Estate Agency News

Publication: The East Hampton Press & The Southampton Press
By Dawn Watson   Aug 20, 2012 10:35 AM
Aug 20, 2012 11:47 AM

Saunders & Associates

Jon Gruen has joined Saunders & Associates.

Mr. Gruen, a Sag Harbor resident, will work out of the firm’s Southampton office. He comes to Saunders with extensive knowledge in residential and commercial real estate, having invested in property on the East End and Manhattan for nearly 20 years.

Since the 1960s, Mr. Gruen has designed and built several properties in New York City and in the Hamptons. In 1971, he started a high-end optical chain, The Gruen Optika Company, which grew to 11 retail stores in areas such as East Hampton, Huntington, Connecticut and Manhattan. He sold the business in 2001.

Reach him at 876-5821 or Jgruen@Saunders.com. For more information, visit hamptonsrealestate.com.

Sotheby’s International Realty

Last week, Sotheby’s International Realty announced the completion of the sale of Topping Farm, an 18-plus-acre property in Bridgehampton that has been called one of the most coveted compounds in the Hamptons.

The property was sold in three separate sales over the course of three months. Offered at a last asking price of $35 million, the most recent piece of Topping Farm that was purchased contained more than 14 acres with two homes on site, including the original 17th-century farmhouse and a 21-stall horse barn and accessory buildings. The property features views of Wainscott Pond that extend across to the Atlantic Ocean.

The other two pieces of the sale comprised a total of 3.8 acres and were sold in April, with the last asking price of $5.95 million each or $11.9 million together. Sotheby’s agents Dana Trotter, Barbara L. Bornstein and Cindy Shea combined their efforts in listing the property with Ms. Trotter listed as the selling agent on the three sales.

Reach Ms. Trotter at 537-6000 or Dana.trotter@sothebyshomes.com.

Town & Country

Theresa Eurell of Town & Country’s Montauk office recently sold the highest-priced home listed in 2012 in Montauk. The 4,000-square-foot oceanfront home, sited on 2.2 acres on Old Montauk Highway, sold for $10.5 million.

Reach Ms. Eurell at 668-0500 or teurell@1townandcountry.com

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