North Haven Waterfront Home and Vacant Parcel Sell for $10.4 Million - 27 East

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North Haven Waterfront Home and Vacant Parcel Sell for $10.4 Million

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61 Ferry Road, North Haven. COURTESY LPG

61 Ferry Road, North Haven. COURTESY LPG

61 Ferry Road, North Haven. COURTESY LPG

61 Ferry Road, North Haven. COURTESY LPG

61 Ferry Road, North Haven. COURTESY LPG

61 Ferry Road, North Haven. COURTESY LPG

61 Ferry Road, North Haven. COURTESY LPG

61 Ferry Road, North Haven. COURTESY LPG

authorStaff Writer on Feb 23, 2024

A pair of adjacent North Haven properties, one developed, one vacant, and totaling 3.5 acres, recently sold for $10.4 million with a last listing price of $14 million.

The developed waterfront parcel, 61 Ferry Road, sold for $8.65 million on December 22, 2023, along with the vacant parcel at 59 Ferry Road for $1.75 million, according to Suffolk Vision Inc.

The 2,945-square-foot, four-bedroom, three-bathroom house overlooks Sag Harbor Cove and comes with a waterside pool. The properties were on sale for the first time in a half-century, and according to the listing, an updated survey and architect’s feasibility study show that the land could yield a more than 6,000-square-foot residence, plus a pool house.

Adam Hofer of Douglas Elliman had the listing.

“I was fortunate to represent both sides of this deal and had a great experience working with both buyer and seller,” Hofer said. “The sellers were a local family that had been there for 50-plus years, raised their children there, ran local businesses, and the home most recently served their grandchildren as well. The buyers were end users — a wonderful young family who ultimately may not even be tearing the house down. To start, they plan to renovate the main house and develop a compound on the vacant land, which looks like it will be very exciting and complementary to the area.

“Any time we can make a scenario like this work it feels like a win for not only the parties involved but the community as a whole,” he continued. “The offering was also interesting because it came with the two lots, and the total acreage made it an especially big waterfront parcel.”

The listing was seeking $17.9 million in July 2022, an ask that was reduced to $15.9 million later that year and cut again to $14 million in April 2023.

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