Real Estate News

Real Estate News / 1739961

First Neck Lane Estate Sells For $11.5 Million

21 Photos

252 First Neck Lane, Southampton

252 First Neck Lane, Southampton COURTESY THE CORCORAN GROUP

A Southampton Village estate section home at 252 First Neck Lane recently sold for $11.5 million, according to The Real Estate Report Inc.

Built in 1890, the three-story home on 2 acres is 6,320 square feet with nine bedrooms and 8.5 bathrooms.

The gated property is surrounded by high hedges. The residence is in “beautiful condition” and offers an ideal floor plan for entertaining, according to the listing.

The grounds feature both open and covered porches, a swimming pool with a spa, a tennis court, gardens and mature trees.

The property also features a two-car garage and a “party barn/game room” with a bathroom and kitchenette.

The asking price had been $11.95 million.

Tim Davis of Corcoran had the listing. The deal closed on September 9. The sellers were Nancy and Jeffrey Lane and the buyer is 252 First Neck Lane LLC.

Jennifer Ponzini Joins Saunders & Associates

Associate broker Jennifer Ponzini, who is licensed in both New York and Florida, has joined ... 19 Nov 2021 by Staff Writer

Parrish Pond Estate Sells For $6.2 Million

A Southampton estate in the Parrish Pond neighborhood with water views recently sold for $6.2 ... by Staff Writer

Sagaponack Traditional Sells Above Asking Price For$10.3 Million.

A Sagaponack traditional just a few doors down from Sagg Main Beach recently sold for ... by Staff Writer

Shinnecock Hills Bayfront Home Sells For $7.3 Million

A modern bayfront home in Shinnecock Hills recently sold for $7.32 million after seeking $8 ... by Staff Writer

Leos Lane Home Trades For $6.3 Million

A Southampton Village residence built in 2014 recently sold for $6.3 million, which is $1.5 ... by Staff Writer

Thiele: Concerns About Eligibility To Collect Advances For Seasonal Rentals Are Easily Remedied

The New York State Association of Realtors has raised concerns that some homeowners will not benefit from a new law that allows landlords to collect rent for the entire season upfront, but the legislation’s author explained Friday how landlords and municipalities can easily meet the law’s eligibility requirements. In September, Governor Kathy Hochul signed into law Assemblyman Fred W. Thiele Jr.’s legislation that clarifies that seasonal rentals are not subject to caps on collecting deposits and advance payments. A few requirements must be met in order for landlords to take advantage of that exemption. Tenants must occupy the rental unit ... 16 Nov 2021 by Brendan J. O’Reilly

Sagaponack’s ZIP Code Is Third Most Expensive In U.S.

Sagaponack’s 11962 is the third most expensive ZIP code in the United States, dropping one ... by Staff Writer

West End Road Residence By Roger Bullard Listed For $60M

An oceanfront residence in the Georgica section of East Hampton that was designed by the ... 15 Nov 2021 by Staff Writer

East Hampton Village Traditional Sells For $13 Million

An East Hampton Village residence just two blocks from Two Mile Hollow Beach recently sold ... by Staff Writer

OLA Receives $30,000 To Prevent Homelessness, Educate Tenants

An anonymous donor has given OLA of Eastern Long Island $30,000 to support the nonprofit organization’s efforts to prevent homelessness. The funding will enable OLA to continue its work on tenants’ rights education concerning evictions and landlord-tenant disputes. “The onset of the pandemic in early 2020 and the accompanying shutdown of many industries devastated the livelihoods of countless East End Latino immigrants,” stated an OLA release announcing the donation. “A year and a half later, these individuals and families are still struggling to make ends meet, relying on OLA for cash assistance with food and, in the most dire cases, ... 9 Nov 2021 by Staff Writer