Real LI

Power couple Jay-Z and Beyonce are renting the gated, 31,000-square-foot Bridgehampton mansion known as Sandcastle, a source tells Newsday.

They are paying $400,000 to live in the 12-bedroom, 12-bath newly constructed home for the month of August, the source says.

Jay-Z and Beyonce, along with daughter Blue Ivy, will have access to a bowling alley, skateboarding half-pipe, planetarium-style...

This Redan Drive house in Smithtown, right, is on the market for $829,000. The home is in a gated community known as Stonebridge. “The community has a pool, tennis courts, a lovely restaurant and a golf course,” says listing agent Jeanette Belcastro of Coldwell Banker Residential Brokerage (631-673-4444). The four-bedroom, three-bath home has an elevator with access to all three floors and an unfinished...

A MODERN BEACH HOUSE. Perched on a vertiginous bluff on nearly one acre in the Barnes Landing area of Amagansett, the 1968 Cates House, listed for $5.5 million, is an elongated white box with floor-to-ceiling windows commanding views across Gardiners Bay with 180 feet of frontage.

Designed by architects Julian and Barbara Neski, the international style house was modeled after Villa Savoye...

Sellers Tom and Maureen McKenna

Address 955 Smithtown Ave., Bohemia

Asking price $449,990

The competition A four-bedroom, two-bath Victorian on 1.5 acres nearby is on the market for $479,999.

Recent sale in the area A similar-sized home not on horse property closed in mid-June for $497,000.

Taxes $12,171

Time on the market Since May

Listing agent Giselle...

Architect Richard Haviland Smythe, who worked with philanthropist Ward Melville on many projects — including the design of Stony Brook’s crescent-shaped village center — designed a center-hall Colonial on Main Street in Stony Brook now on the market for $922,500.

Within walking distance of the shops, restaurants and Avalon Park, the property — three quarters of an acre — is set on a tidal...

Newsday's LI Home editor Valerie Kellogg talked about three high-end homes on the market this week on News 12 Long Island. Here's the clip, in case you missed it, with a list below of the agents representing each of the properties.

WATER MILL HOUSE:

Emily Demone, The Corcoran Group, 516-819-7983 POQUOTT HOUSE:

Linda Hickey, Hickey & Smith Realtors, 516-982-5860

ROCKVILLE...

The Oak Beach house where Shannan Gilbert was last seen running from before she disappeared in May 2010 remains on the market and the price has gone down.

The two-story wood-paneled beach house was re-listed for $375,000 last week, reduced from $399,999 in September 2011, according to real estate records. West Islip-based Realtor Netter Real Estate first listed the house for $439,000 in March...

Mortgage interest rates dipped to record lows last week, according to Freddie Mac. The average rate for a 30-year fixed-rate mortgage was 3.53 percent with an average 0.7 point, down from 3.56 percent the week before. Last year at this time, the average was 4.52 percent.

Freddie Mac chief economist Frank Nothaft said the low rates are helping to stir the housing market. “New construction on...

This three-bedroom, 1.5-bath Long Beach home on the market for $549,000 has been completely renovated, says listing agent Nancy Johnston of Petrey Realty (516-431-0828). “It is a beautiful Colonial with a parklike property ... with a new kitchen, new deck, everything in the house is updated,” she says. The master bedroom features a walk-in closet and a full dressing room attached to it. There also...

ALL THAT'S GOLD The molding of one Poquott home for sale comes with something a little extra: gold leaf. In the living room of the house, which is listed for $3,499,990 or $7,000 a month for rent,  there are 22-foot ceilings surrounded by large dentil moldings decorated with the gold leaf. So is the mantel of the wood-burning fireplace. The home has two more fireplaces -- one in the master...