Toy Store Founder To Leave Hamptons 'Playground' In Quogue - 27 East

Real Estate News

Real Estate News / 1410413

Toy Store Founder To Leave Hamptons 'Playground' In Quogue

icon 2 Photos

authorCarey London on Jul 10, 2015

The Hamptons may be a playground for the rich and famous, but one homeowner who knows a whole lot about toys is leaving the sandbox. Charles Lazarus, founder of retail giant Toys ‘R” Us, put his Quogue property on the market this week for $13.5 million.

Broker Marcia Altman with Brown Harris Stevens, who is listing the property, would not reveal who the owners are. However, Southampton Town records confirm that the property belongs to Mr. Lazarus.

Sitting on 4 acres, with 375 feet of waterfront overlooking Shinnecock Bay, the estate consists of a main house, a gatehouse, a croquet field, an oversized heated gunite pool and a boathouse.

Built in 1896, the original 6,500-square-foot, 3-story main house was hit by lightning and burned down, according to the listing. In 1900, the owners rebuilt the same home, which has 8 bedrooms and 6.5 baths. The gatehouse, which can be used as a guest house, was originally a windmill and stables.

“It’s a compound that should stay in a family for generations, because it’s so private,” said Ms. Altman.

Toys “R” Us was founded in 1948 and bought FAO Schwarz, the iconic toy store in New York City, in 2009. Incidentally, the latter toy retailer announced it will be closing its Fifth Avenue doors on July 15 due to high rent. It is in search of a new location in midtown Manhattan.

You May Also Like:

Quail Ridge Residents Scramble After Apartments Are Purchased for Redevelopment | 27Speaks Podcast

The tenants of Quail Ridge — the two dozen studio and one-bedroom apartments spread over ... 3 Jul 2025 by 27Speaks

Water Mill Property Where Hal Buckner and Dorothy Lichtenstein Left Their Marks Is for Sale

A Water Mill property that hosts a former dairy barn turned artist’s studio and a ... 30 Jun 2025 by Brendan J. O’Reilly

Sundays on the Bay Hits the Market

Sundays on the Bay restaurant and marina on Dune Road in Hampton Bays has hit ... 29 Jun 2025 by Staff Writer

Hamptons Rental Market Remains Alive and Well

To paraphrase Mark Twain, reports of the demise of the Hamptons summer-rental market are greatly exaggerated. “Any hint that the Hamptons rental market is anything but robust is completely wrong,” said Corcoran associate broker Gary DePersia in East Hampton. An interesting dynamic is stirring in the Hamptons vacation-rental market. Although there has been an unprecedented rise in short-term rentals and the aftershocks of the COVID-19 pandemic linger, it has been a bumper crop year for Wall Street, interest rates have remained steady and a new breed of demanding customer is emerging. Despite it all, the Hamptons vacation-rental market remains as ... 19 Jun 2025 by Joseph Finora

Jon Vaccari Joins Noble Black & Partners at Douglas Elliman

Jon Vaccari, a longtime resident of Sag Harbor, has joined Noble Black & Partners at ... 18 Jun 2025 by Staff Writer

Appeals Court Sides With Landowner Over Southampton Village ZBA

Southampton Village has lost an appeal that sought to reinstate a Zoning Board of Appeals ... 12 Jun 2025 by Brendan J. O’Reilly

Last Parcel of Startop Ranch in Montauk Sells

The last plot of land at Startop Ranch in Montauk, 107 Startop Drive, has sold ... by Staff Writer

Hamptons Real Estate Roundtable, Memorial Day Weekend 2025 Edition

With Memorial Day weekend about to kick the Hamptons into high season, The Express News ... 22 May 2025 by Moderated by Brendan J. O’Reilly

Au-Delà Real Estate Vows To Go 'Beyond'

Au-Delà Real Estate, a new boutique real estate firm based in East Hampton, is now ... 20 May 2025 by Brendan J. O’Reilly

AI Helps Rental Seekers Find Homes That Match Their Aesthetic Preferences

Consumers increasingly have an expectation of superior, more personalized service based on their own particular ... by Steven Loeb