Real LI

Newsday's LI Home editor Valerie Kellogg appeared on News 12 Long Island Tuesday, as she does every Tuesday around 7:15 p.m., to talk about three high-end homes on the market. Here's the clip, in case you missed it, with a list below of the agents representing each of the properties. To see past segments, click here.

SEA CLIFF HOUSE:

Michael Stanco (917-293-0915) and Ludmilla Stanco...

Jennifer Lopez is buying a three-acre Hamptons estate on the market for $9.995 million, a source close to the real estate deal says.

The eight-bedroom, 7.5-bath home is on a private cul-de-sac in Water Mill. It comes with a pool, pool house, outdoor shower, sauna, steam room and theater, according to the listing with The Corcoran Group.

The 8,500-square-foot house was built in 2004....

Home values may have plummeted during the recent crash, but the burden of housing costs increased dramatically for working people in the New York City, Long Island and northern New Jersey region.

About 35 percent of local working households spent more than half of their income on housing in 2011, according to a study by the Center for Housing Policy, a higher share than all but two metropolitan...

The cruelest month was kind to Long Island real estate as April year-over-year housing sales increased by 21.7 percent to 1,549, according to a report released Friday by the Multiple Listing Service of Long Island.

Nassau County gained the most sales, growing by 24 percent to 764 for completed sales. Pending sales increased to 1,123, a 14.4 percent rise. Suffolk County sales rose to 780 compared...

Federal aid for businesses and homeowners affected by superstorm Sandy was approved this past week, and Gov.  Andrew M. Cuomo is making an effort to help Long Islanders receive their funds.

He announced Thursday that he's sending additional representatives from the state's Department of Financial Services to Long Island over the next week in order to help residents apply. If you think...

Sellers: Anne and Steve Cluett

Address: 116 Prospect St., Port Jefferson

Asking price: $479,000

The competition: A four-bedroom, two-bath historical home on Bayview Terrace is listed for $465,000.

Recent sale in the area: A three-bedroom, 2½-bath Victorian on Chestnut Street sold in February for $760,000.

Taxes: $4,576

Time on the market: Three weeks

Listing...

 Sea Cliff has long attracted creative types, so it's not surprising composer-lyricist Cole Porter rented this elegant estate -- referred to as Westways -- in the early 1930s.

  “He rented the home for a summer from the McAdam family, who were  the original owners,” says Michael Stanco of Douglas Elliman Real Estate, who with Milla Stanco, is marketing the manse for $3.189 million.

“He...

Many Long Island seaside communities can bring about happiness, but it is Sag Harbor that placed fourth on Coastal Living magazine’s 2013 list of America’s Top 10 Happiest Seaside Towns. Ranked by reader votes, the list is led by Beaufort, S.C., and finishes with Pescadero, Calif., in 10th place.

Here’s the magazine’s take on Sag Harbor: “Situated between Long Island’s celebrity studded Bridgehampton...

Friday’s premiere of the 3-D motion picture “The Great Gatsby” is focusing attention on the Gold Coast properties that inspired the 1925 novel — or were inspired by it.

One is a Sands Point home (see photos above), on the market for $5.9 million, situated on the former estate of Alva Vanderbilt Belmont, where she had a full-scale replica of an Irish castle constructed. Dubbed Beacon...

Do you know enough about mortgages to make a home purchase? According to  Zillow, there's a good chance you don't.

The online real estate firm gave an eight-question quiz on mortgage basics to a nationally representative sample of prospective and current homeowners, and 32.5 percent of respondents couldn't answer them all correctly.

How basic?

Well, a full 34 percent of those...