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:

‘Sugar Cube House’ Sells With Last Asking Price Of $12 Million

Designed by renowned architect and interior designer Daniel Romualdez, a Southampton Village residence known as ... 2 Mar 2021 by Staff Writer

Community Preservation Fund Revenue For January Is Up 132 Percent

The Peconic Bay Community Preservation Fund raised $21.07 million across the East End in January 2021, a 132 percent increase compared to January 2020, according to the office of New York State Assemblyman Fred W. Thiele Jr. The January 2021 haul is the second biggest for a single month in the history of the CPF. The record was set in December 2020, when the CPF raked in $21.31 million. Each of the five East End towns maintains its own CPF, which is funded through a 2 percent tax on real estate transactions, so watching CPF revenue totals is one way ... by Staff Writer

Francis Fleetwood-Designed Home In Georgica Sells For $9 Million

A residence by architect Francis Fleetwood in the Georgica section of East Hampton Village recently ... by Staff Writer

State Budget Proposal Would Apply Sales Tax To Vacation Rentals

Governor Andrew Cuomo’s proposed New York State budget calls for subjecting vacation rentals to the same state sales tax that applies to stays in hotels. If the measure is adopted, any rental on the South Fork for a period of fewer than 90 days will be costlier starting September 1. The bill aims to raise additional revenue for the cash-strapped state amid the pandemic and to level the playing field between hotels and vacation rental marketplaces, such as Airbnb and Vrbo. It is expected to raise $10 million in fiscal year 2022, which begins April 1, 2021, and then $18 ... 22 Feb 2021 by Brendan J. OReilly

Sagaponack Estate With Pond Sells For $19.8 Million

An 8-acre oceanfront estate in Sagaponack with a main residence, a carriage house and a ... by Staff Writer

Bayfront Dune Road Contemporary Sells With Last Ask Of $11 Million

After fewer than 60 days on the market, a bayfront Westhampton Beach home with a ... by Staff Writer

Water Mill South Estate Sells For $7.6 Million As Pristine Inventory Is Depleted

A south-of-the-highway Water Mill home sold for $7.63 million after a bidding war drove the ... by Staff Writer

Barons Lane Estate Sells For $38 Million

An oceanfront estate in Southampton Village that went on the market in 2017 for $55 ... 20 Feb 2021 by Staff Writer

Express Sessions: Real Estate Experts Share Views Of Current State Of The Market

A host of industry experts offered insight into the state of the East End real ... 16 Feb 2021 by Bill Sutton

Agency News: Town & Country Welcomes Riemerschmid; Morabito Team Welcomes Gray

Town & Country 
Welcomes RiemerschmidMichael Riemerschmid has joined Town & Country Real Estate’s East Hampton ... 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