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

author27east 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:

Quail Ridge Residents Scramble After Apartments Are Purchased for Redevelopment | 27Speaks Podcast

The tenants of Quail Ridge — the two dozen studio and one-bedroom apartments spread over ... 3 Jul 2025 by 27Speaks

Water Mill Property Where Hal Buckner and Dorothy Lichtenstein Left Their Marks Is for Sale

A Water Mill property that hosts a former dairy barn turned artist’s studio and a ... 30 Jun 2025 by Brendan J. O’Reilly

Sundays on the Bay Hits the Market

Sundays on the Bay restaurant and marina on Dune Road in Hampton Bays has hit ... 29 Jun 2025 by Staff Writer

Hamptons Rental Market Remains Alive and Well

To paraphrase Mark Twain, reports of the demise of the Hamptons summer-rental market are greatly exaggerated. “Any hint that the Hamptons rental market is anything but robust is completely wrong,” said Corcoran associate broker Gary DePersia in East Hampton. An interesting dynamic is stirring in the Hamptons vacation-rental market. Although there has been an unprecedented rise in short-term rentals and the aftershocks of the COVID-19 pandemic linger, it has been a bumper crop year for Wall Street, interest rates have remained steady and a new breed of demanding customer is emerging. Despite it all, the Hamptons vacation-rental market remains as ... 19 Jun 2025 by Joseph Finora

Jon Vaccari Joins Noble Black & Partners at Douglas Elliman

Jon Vaccari, a longtime resident of Sag Harbor, has joined Noble Black & Partners at ... 18 Jun 2025 by Staff Writer

Appeals Court Sides With Landowner Over Southampton Village ZBA

Southampton Village has lost an appeal that sought to reinstate a Zoning Board of Appeals ... 12 Jun 2025 by Brendan J. O’Reilly

Last Parcel of Startop Ranch in Montauk Sells

The last plot of land at Startop Ranch in Montauk, 107 Startop Drive, has sold ... by Staff Writer

Hamptons Real Estate Roundtable, Memorial Day Weekend 2025 Edition

With Memorial Day weekend about to kick the Hamptons into high season, The Express News ... 22 May 2025 by Moderated by Brendan J. O’Reilly

Au-Delà Real Estate Vows To Go 'Beyond'

Au-Delà Real Estate, a new boutique real estate firm based in East Hampton, is now ... 20 May 2025 by Brendan J. O’Reilly

AI Helps Rental Seekers Find Homes That Match Their Aesthetic Preferences

Consumers increasingly have an expectation of superior, more personalized service based on their own particular ... by Steven Loeb