Patience pays off, especially for a couple from New York City who have been in search of waterfront property on the East End. "They started looking last year for bulk acreage on the water," says Judi Desiderio, chief executive of Town & Country Real Estate.
What the couple found was 87 acres with 859 feet of waterfront along the Long Island Sound in Cutchogue. Although it was not for sale, an offer was made and accepted. The North Fork farm on Oregon Road, owned by the Damianos family, recently sold for $8.803 million.
The Damianos, owners of vineyards on both the North and South forks, including Pindar and Duck Walk, will maintain mature vines on about half the land for some time, Desiderio adds, noting the vines produce top-quality pinot noir, merlot and chardonnay grapes.
The new owners would like to add more vines when the time is right, as well as develop a family compound, Desiderio says.