Buyer Ponies Up More Than $10 Million For 2-Bedroom Sag Harbor Cottage - 27 East

Real Estate News

Real Estate News / 1397894

Buyer Ponies Up More Than $10 Million For 2-Bedroom Sag Harbor Cottage

icon 2 Photos
Showing up on its own after a two-year absence in the garden, Althea zebrina can last well into the fall with striking flowers on erect plants from 15 to 24 inches tall. ANDREW MESSINGER

Showing up on its own after a two-year absence in the garden, Althea zebrina can last well into the fall with striking flowers on erect plants from 15 to 24 inches tall. ANDREW MESSINGER OLYMPUS DIGITAL CAMERA

author on Mar 2, 2018

When might it be considered reasonable to pay seven figures for a cottage of just 654 square feet containing just 2 bedrooms and one bath? When it is on Glover Street, often considered to be the most desirable street in the Village of Sag Harbor. Certainly the new owner, shielded by a limited liability company, must think so, having ponied up $10,150,000 for 37 Glover.

The 0.83-acre property had been owned by the same family for 70 years. There is 170 feet of frontage on Sag Harbor Cove. In the heart of the Historic District, we’re told the original 1930-era bungalow offers “all the possibilities you have to build your dream home with tranquil views and stunning sunsets yet still be in the village. This waterfront/village combination has set some values on Glover Street in the $12.5 million to $13.7 million range, making it a great investment in Hamptons luxury real estate and one of the most compelling and desired waterfront offerings on the market today.” It can be assumed that applications are already being prepared for an anticipated expansion and renovation.

Sag Harbor has seen a perky spike of sales activity in recent weeks. Also impressive is the sale of 22 Carver Street, for $3,400,000, to Susan Acqueel. The 4,400-square-foot manse has 4 bedrooms and 5 baths. There is an open-concept first-floor living area with 15-foot cathedral ceilings, and the 0.57-acre lot is lushly landscaped.

Also catching our notice is another property in the Historic District, this one 8 John Street, which was purchased by Claxton House LLC for $2,650,000. The 1950s waterfront home offers tranquil views and stunning sunsets from almost every room. With 110 feet of new bulkhead on protected Sag Harbor Cove, this 0.42-acre property has a 1,226-square-foot residence with 3 bedrooms, 2 full baths, a wood-burning fireplace, plus a detached two-car garage and an outdoor shower. And it is just around the corner to all that Main Street has to offer. We’re advised, “Keep as is, expand, add a pool or build new in this most desirable Sag Harbor Village location.” We suspect applications are being prepared for this property, too.

You May Also Like:

Waterfront Traditional In North Haven Sells For $12 Million

A waterfront home in North Haven sold last week for $12 million, a record for ... 21 Sep 2021 by Staff Writer

Meadow Lane House Originally Designed By Norman Jaffe Could Be Saved From Wrecking Ball

An oceanfront home in Southampton Village originally designed by the late architect Norman Jaffe may be saved from the wrecking ball. A majority of members of the village’s Board of Architectural Review & Historic Preservation voiced their opposition to issuing a certificate of appropriateness for the demolition of 88 Meadow Lane during the board’s September 13 meeting. Before they take a vote, there will be at least one more meeting so the attorney for the homeowner can present his response to a consultant’s report that found the house is architecturally and historically significant. The ARB engaged Wall Street Journal architecture ... by Brendan J. O’Reilly

Abraham Baker House In East Hampton Sells For $1.6 Million

The circa-1745 Abraham Baker House, once the home of the Riding Club of East Hampton, ... 14 Sep 2021 by Staff Writer

West Water Street Condo Sells For $15 Million

One of Sag Harbor’s three West Water Street condos by developer Jay Bialsky has sold ... by Staff Writer

Myths And Realities About Community Housing

The need for affordable community housing is a fact of life in most communities across the country, certainly in every village and town on the East End of Long Island. Yet myths, fear, prejudice and misunderstanding often cloud the debate. To give a little perspective to the conversation, here are seven affordable housing myths and realities, adapted from “Busted: Seven Myths About Affordable Housing” by Twin Cities Habitat for Humanity on February 18, 2020. MYTH No. 1: Affordable housing isn’t for local people REALITY: There are thousands of local residents on affordable housing waiting lists on the East End, and ... 8 Sep 2021 by MICHAEL DALY

Middle Lane Traditional Sells For $9.5 Million

An East Hampton Village traditional with light-filled, modern living spaces recently sold for its full ... 7 Sep 2021 by Staff Writer

Seashell Real Estate Celebrates 40th Anniversary

Seashell Real Estate in Southampton is celebrating its 40th anniversary Principal broker and owner Joan Tutt established the company in 1981 and is joined by her daughter, associate broker Lorell Tutt. They have 62 years of Hamptons real estate experience between them. Joan Tutt began Seashell Real Estate to serve the North Sea, Roses Grove, Deerfield and Water Mill areas. While other agencies were concentrated in Southampton Village, Ms. Tutt opened an office in North Sea on Middle Line Highway, which was a dirt road at the time. She has remained at the location for four decades. Ms. Tutt noted ... by Staff Writer

Governor Signs New Eviction And Foreclosure Moratorium

A new moratorium will protect tenants, landlords and homeowners in New York State from eviction ... 3 Sep 2021 by Brendan J. O’Reilly

Attorney Argues ARB’s Time To Review Demo Request For Jaffe House Is Up

The attorney for a homeowner seeking a demolition permit for his Meadow Lane residence, which ... 1 Sep 2021 by Brendan J. O’Reilly

Revisiting The CPF Is In Order

The preservation of open space, farmland and community character on the East End constituted the ... by Anne Surchin, R.A.
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