Word of the impending sale of the historic former Sag Harbor United Methodist Church to East Hampton artist and designer, Elizabeth Dow, has village residents curious about its future. Dow, well known for perfecting a unique method of hand-painting wallpaper for such famous clients as Paul Simon and Calvin Klein, reportedly is paying $2 million-plus for the property.

In 2008, Dennis Suskind, 67, a former Southampton councilman and a founding partner of Goldman Sachs, purchased the church for $2.4 million with the intent of converting it into his family residence but decided he was “too old” and instead a short time later put it back on the market for $3.5 million. 

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Long Island's own Billy Joel recently looked several times at the church "to see what opportunities were there for him," says Scott Strough of Strough Real Estate Associates, who is listing the property. It's been reported that Joel was interested in setting up a recording studio at the church, but Strough could not confirm that. "I don't think he wanted to dedicate the time to it," Strough says. "It's definitely a three-year type of undertaking."

Suskind confirmed he is in contract with Dow for the property but would not discuss any particulars of the sale “It is a great piece of property, and it is important that it be kept that way”, says Suskind.

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He recently sold his 11.6-acre Bridgehampton Morgan Hill Farm for $11,149.900 million (original asking price $27million), but says he will always stay in the Hamptons. “This is my home," he says.

Dow's wallpaper can currently be seen at the 2010 Hampton Designer Showhouse, which is located this year in Sag Harbor.