CHARITY FARM. Sean “Diddy” Combs once hosted a benefit for children at this 9.4-acre East Hampton farm, which is now on the market for $7.25 million. The property, listed exclusively with Town & Country Real Estate broker Judi Desiderio and East Hampton agent Diana Guenther, has also been the site of events for the Wounded Warrior Project and Row New York, as well as a number of weddings.
“What’s unusual for that area is that so much of it is cleared,” says Guenther. “The farm was built from scratch from a scrub oak forest 25 years ago.” Removing all those trees wouldn’t be permitted today, she says. “You don’t get that opportunity now, this close to the village.” The farm is less than three miles from the village center, she says.
“The property is about 100 feet from one of the access points to the Paumanok Path,” a hiking and riding trail that begins in Southampton and goes through East Hampton, Montauk and Sag Harbor, Guenther says. There are two parcels, available separately or together. The larger parcel is 6.4 acres – that one has a 3,600-square-foot farmhouse with three bedrooms, 2 ½ bathrooms and a fireplace. “It has a six-stall barn, tack room, feed barn and some various smaller buildings,” says Guenther.
The price is $4.35 million and annual taxes are $9,837. The smaller parcel is three acres and includes a two-story farmhouse with five bedrooms and four bathrooms. The property includes a four-stall barn and a pool. That one is $3.2 million and taxes are $8,750.
LOTS FOR LOTS. This week’s big transfer news from the Long Island Real Estate Report is the $19.256 million sale of a 1.7-acre vacant lot on Tyson Lane in East Hampton. Marketing maven Donny Deutsch purchased that property in 2007 under a corporate name for $18.85 million. A Deutsch representative confirms that he also sold the adjacent 1.6-acre lot (for which he paid $10.15 million) at the same time, presumably for more than $11 million. The reported price for both lots was somewhere around $30 million.
ROYAL REDUCTION. The asking price of Fox Hall, the 20,000-square-foot Upper Brookville mansion, has been reduced again. Once listed for $17 million, the 30-room manse is now on the market for $6.75 million. "In my opinion, it's the steal of the century," says Paul Mateyunas of Daniel Gale Sotheby's International Realty and a local expert on Gold Coast architecture. Although the house does not have central air conditioning, it has been updated throughout. The house is said be a copy of the Scottish summer home of Bonnie Prince Charlie, the 18th century Young Pretender to the British throne. Built in 1915, the Elizabethan-style brick and half-timber manor house is on 18.76 acres with a 6,500-square-foot, three-bedroom, renovated cottage and a greenhouse. According to local lore, President Theodore Roosevelt rested on the property while hunting at a spot that has come to be known as "Teddy's Rock."