This 5-acre lot is located just north of Scuttlehole Road. It is part of a 14-acre estate that was broken into three properties. A similar lot, also part of the estate, sold recently for the same price.
This lot backs up to preserved farmland, which generally improves the value of adjoining properties. Farmland can be preserved in many different ways: via easements, covenants, deed restrictions, the sale of development rights, etc. Whatever the mechanism, buyers are cautioned to retain counsel familiar with the preservation of farmland to read the relevant documents so that they understand what is permitted next door.
In addition, there are New York State laws, including the “Right to Farm Law” that in some instances override provisions in these agreements that are considered contrary to law. These laws encourage the active use of farmland for farm purposes, including the construction of barns and other farm structures that can be placed close to property lines and impair views.
In the case of this lot, the preserved farmland is to the north of the property. Even though this lot is located far north of the highway, it contains expansive—but distant—ocean views to the south. Visitors to Bridgehampton and Water Mill north are often surprised to learn that the ocean can be viewed from a narrow swath of land far north of the highway. That land formation is the top of the terminal moraine which runs along the spine of Long Island and was formed when Long Island was created by glaciers.
This home is located deep in Sagaponack south, near the famed Ira Rennert property, which is among the largest and most valuable homes in the United States.
This 10-acre property is oddly configured but very private and includes some frontage along the northern side of Fairfield Pond.
This barn-style contemporary house was built in 2002 and has four bedrooms, three-and-a-half baths and is 3,800 square feet, which is small for the property size and the neighborhood. The interior contains large, flowing open spaces where wood prevails. Natural wood adorns the floors, ceilings, cabinets, window frames and other interior surfaces—such as portions of walls and exposed beams.
The exterior is gambrel style and all cedar, which gives it a pleasing, earthy and much more humble appearance than many other new houses which have acres of painted trim. There is a large gunite pool, patios, a two-car garage and meandering path through woodland-style landscaping to the pond.
This contemporary barn design style is highly marketable these days. Many buyers want up-to-date interiors, but appreciate the timeless quality of our native architecture. Combining both, along with an extremely desirable location, makes for an easy sale. This property was listed for $12 million and sold almost immediately.
27east on Aug 16, 2011