Real Estate News

Sale Of Quogue Oceanfront For $22.5 Million Sets New West-Of-The-Canal Record

1 Photo

Robert Canberg recently sold 124 Dune Road in Quogue for $22.5 million.

An oceanfront residence in Quogue sold at the end of last year for $22.5 million, a record-setting number that was also above the asking price.

Robert Canberg, an associate broker with Compass, made the sale. He said it is the highest price a Hamptons home west of the Shinnecock Canal has ever achieved.

At 124 Dune Road, the shy 3-acre property is host to a newly renovated nearly 11,000-square-foot gambrel built in 1996 with nine bedrooms, nine full bathrooms and two partial baths.

“This property offers the ultimate summer lifestyle in the Hamptons,” Mr. Canberg said.

Among the amenities are a tennis court, a heated, elevated gunite pool, a pool house that overlooks the beach, manicured grounds and a detached three-car garage.

The property hit the market in September 2020. Mr. Canberg said a bidding war followed. That drove the final sales price $1.5 million higher than the list price.

“It is extremely special because this area has not seen any sales anywhere near or even close to this number,” Mr. Canberg said, adding that a goal for his team in 2021 is to continue the momentum to drive sale prices upward “where they belong!”

In 2006, when the residence at 124 Dune Road was newly built, it sold for $10.35 million. Then in 2018, it sold for $14.6 million

‘Sugar Cube House’ Sells With Last Asking Price Of $12 Million

Designed by renowned architect and interior designer Daniel Romualdez, a Southampton Village residence known as ... 2 Mar 2021 by Staff Writer

Community Preservation Fund Revenue For January Is Up 132 Percent

The Peconic Bay Community Preservation Fund raised $21.07 million across the East End in January 2021, a 132 percent increase compared to January 2020, according to the office of New York State Assemblyman Fred W. Thiele Jr. The January 2021 haul is the second biggest for a single month in the history of the CPF. The record was set in December 2020, when the CPF raked in $21.31 million. Each of the five East End towns maintains its own CPF, which is funded through a 2 percent tax on real estate transactions, so watching CPF revenue totals is one way ... by Staff Writer

Francis Fleetwood-Designed Home In Georgica Sells For $9 Million

A residence by architect Francis Fleetwood in the Georgica section of East Hampton Village recently ... by Staff Writer

State Budget Proposal Would Apply Sales Tax To Vacation Rentals

Governor Andrew Cuomo’s proposed New York State budget calls for subjecting vacation rentals to the same state sales tax that applies to stays in hotels. If the measure is adopted, any rental on the South Fork for a period of fewer than 90 days will be costlier starting September 1. The bill aims to raise additional revenue for the cash-strapped state amid the pandemic and to level the playing field between hotels and vacation rental marketplaces, such as Airbnb and Vrbo. It is expected to raise $10 million in fiscal year 2022, which begins April 1, 2021, and then $18 ... 22 Feb 2021 by Brendan J. OReilly