For $23.5 Million, This Former Church Can Be Yours

An old-timer in Sag Harbor is getting a dramatic makeover and is on the hunt for a new partner. Dating back almost 200 years, the former Sag Harbor Methodist Church is being converted into a modern home while maintaining some of its original elements. It has also been returned to the market for $23.5 million, nearly six times its last sale price of $4 million in 2013.

Owner Sloan Schaffer, an art collector and gallery owner, had been eyeing the property since 2008. When he was purchasing it, he told the Press of his plans to maintain its historical significance while turning it into a private residence.

Located on a half-acre on Madison Street, the 13,000-square-foot former place of worship rises more than 50 feet high and will have six bedrooms and 9.5 baths. The bell tower will remain, offering views over the harbor.

“This is a brand-new construction wrapped around the church, totally redone, and very cool,” said Corcoran broker Gary DePersia, who is listing the property.

Designed by Bates Masi Architects, the former church-turned-contemporary abode will also be outfitted with an indoor spa featuring a steam room, sauna and a grotto hot tub. A heated infinity pool outside will complete the amenities.

Mr. Schaffer bought the former church from East Hampton resident Elizabeth Dow, who wanted to convert it into an interior design studio and textile showroom. In 2011, Ms. Dow purchased the property for $2.1 million from Dennis Suskind, a former Southampton Town councilman and one-time partner at Goldman Sachs. Mr. Suskind bought the property in 2008 for $2.4 million with plans to turn it into a home. That plan never materialized.

The church was built in 1835. In more recent years, its congregation moved to a building on Carroll Street. The retooled building is expected to be complete in 2016.