Asking Price For Tick Hall Drops Nearly $14 Million - 27 East

Real Estate News

Real Estate News / 1395707

Asking Price For Tick Hall Drops Nearly $14 Million

icon 3 Photos

DCIM100MEDIADJI_0043.JPG

author on Aug 30, 2018

Known as “Tick Hall” on nearly 20 acres of lush Montauk green, former talk show host Dick Cavett’s manse went on the market last year for $62 million—and could not sell.

Mr. Cavett has now shifted listing agents under Corcoran to veteran broker Gary DePersia to sell the 7,000-square-foot, three-story residence, and agreed to a heavy price reduction. The new ask: $48.5 million.

Mr. DePersia said in an interview Wednesday that the original asking price was a reflection of what Andy Warhol’s Montauk summer compound sold for the second time: $50 million for 6.5 acres, compared to Mr. Cavett’s 20 acres.

“After seeing that the original asking price might have been a bit aggressive—and the owners do want to sell—we decided to drop it to a more attractive level,” Mr. DePersia said.

The original structure was built in 1882 and was part of a grouping of houses in the Montauk Association designed for financier Alexander E. Orr by the architectural firm McKim, Mead & White. The six-bedroom, five-bath home was sold by attorney Harrison Tweed to Mr. Cavett in 1968, and landed itself on the National Register of Historic Places. Guests to Tick Hall have included Woody Allen, Muhammad Ali, Laurence Olivier and Tennessee Williams—as well as the bloodthirsty arachnid that bares the same name as the home.

Mr. Cavett refers to the entire 20-acre property as “Cavett’s Cove.”

“It is what the cognoscenti have called the property since Cavett bought it in 1968,” Mr. DePersia said.

Corcoran’s new strategy is to highlight not just the historical aspect of the original house—that was rebuilt after a fire burned the house to the ground in 1997—but “to hammer home that we have 20 acres with 900-feet of shoreline, a private half-acre pond, pool and miles of walking trails,” Mr. DePersia said.

“This is an unparalleled oceanfront experience and the only one of its kind for sale anywhere in the Hamptons,” he added. In 2008, Mr. Cavett sold 77 acres around the residence for $18 million to Suffolk County, East Hampton Town and the New York State Department of Parks, Recreation and Historic Preservation to create public parkland and prevent developers from purchasing the sought-after property.

You May Also Like:

Public Hearing On Draft Environmental Impact Statement For Westhampton Beach Condos Concludes

Critics and fans of a proposal for a 52-unit condominium development in Westhampton Beach had ... 20 Apr 2021 by Brendan J. O’Reilly

Hither Lane Estate Sold For $19 Million

A 1914 East Hampton Village compound sold for $19 million at year-end, just $1 million ... by Staff Writer

Paul Goldberger Tells The Saga Of Brooklyn’s Dumbo

Pulitzer-winning critic Paul Goldberger, who has penned books and countless columns on the architecture and ... by Brendan J. O’Reilly

Peter Brant, Stephanie Seymour Sell Oceanfront Sagaponack Property For $26 Million

Brant Publications Inc. owner and Chairman Peter Brant and his wife, model Stephanie Seymour, sold their oceanfront Sagaponack Village residence for $26 million in an off-market transaction at the start of the year. Mr. Brant and Ms. Seymour had owned 159 Trees Lane since 2002, town property records state. According to The Real Estate Report Inc., the sale closed on January 15 and the new owner is known only as Beach Sag LLC. Trees Lane is so-named not for trees, but for the man who subdivided the land, James F. Trees. The structure at 159 Trees Lane dates back to ... 19 Apr 2021 by Staff Writer

Bellone Joins Westchester, Nassau County Executives In Calling For Repeal Of SALT Deduction Cap

A trio of downstate county executives is launching a suburban petition drive to urge Congress ... by Brendan J. O’Reilly

Hamptons Real Estate Pros Identify Changing Buyer Priorities

Not only have pandemic shutdowns and social distancing measures changed how the real estate business ... by Brendan J. O’Reilly

Norman Jaffe-Designed Contemporary Fronting Sams Creeks Sells For Nearly $10 Million

A Bridgehampton residence that the late renowned architect Norman Jaffe designed and once called home ... 17 Apr 2021 by Staff Writer

Fordune Villa Sells For $9.45 Million

A 12,000-square-foot villa on 2.5 acres that had belonged to Henry Ford II’s former 250-acre ... 13 Apr 2021 by Staff Writer

Number Of New Signed Contracts For Hamptons Single-Family Homes Up 263 Percent In March

Signed contracts for single-family homes in the Hamptons dwindled in March 2020 to just 48 as the COVID-19 pandemic emerged in New York State and shutdowns began, but one year later sales have not only bounced back, they have exceeded prepandemic numbers. The number of newly inked deals was up 263 percent in March, year-over year, to 174, according to The Elliman Report. The price point that showed the most improvement was between $5 million and $9.99 million, where sales shot up 600 percent from four to 28. The busiest segment of the market was between $1 million and $1.99 ... by Brendan J. O’Reilly

Fronting Kellis Pond, 11.5 Acres Sells For $18 Million

The 11.5-acre property at 9 Morgan Hill Way in Bridgehampton has 770 feet of frontage on Kellis Pond on its west side and a preserved farm field to its south — and it recently sold for $18 million. According to The Real Estate Report Inc., 9 Morgan Hill Way last changed hands in July 2018 for $14.95 million with a residence standing on it, but this time around, the property is vacant. A wetlands permit from November 2018 reveals that the then-owner, T Bridge Farm LLC, received permission to demolish the two-story dwelling, including the indoor pool and garage. However, ... 12 Apr 2021 by Staff Writer
logo

Welcome to our new website!

To see what’s new, click “Start the Tour” to take a tour.

We welcome your feedback. Please click the
“contact/advertise” link in the menu bar to email us.

Start the Tour
Landscape view not supported
Send this to a friend