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Rich Cribs: Price drop at Cornelia Guest's estate, and more

Heiress, actress and socialite Cornelia Guest has put

Heiress, actress and socialite Cornelia Guest has put her 15-acre Old Westbury estate on the market for $20 million. For Home Section /Valerie Kellogg. ltc Credit: HANDOUT/

GUEST THE PRICE DROP. Heiress, socialite and actress Cornelia Guest has lowered the price of her 15.5-acre Old Westbury estate. The property went on the market in 2008 for $20 million. It is now listed for $11.9 million with Kevin Daigh of Prudential Douglas Elliman Real Estate. It includes a 1924, 11-bedroom home, an equestrian center with stables and barns, two cottages, greenhouses, a swimming pool, a tennis court and formal gardens. Guest is the daughter of the late garden writer C.Z. Guest. Her family moved to the property in 1968 following the sale of 150 acres of land in Brookville, now the site of the New York Institute of Technology's De Seversky Center. In the 1980s, Andy Warhol named Guest the "debutante of the decade."


BY THE SEA. This Westhampton Beach house has come on the market for $19.995 million. “It’s the ultimate classic beach house,” says listing agent Lynn November of Prudential Douglas Elliman Real Estate. And that it is, starting with the 1.5-acre manicured property, which stretches more than 160 feet across the ocean. Elaborate decking, accessible on both levels of the 10,000-square-foot-plus upside-down house, offers panoramic views of the ocean and the bay. The interior features bright rooms with high interesting ceilings, some of them tray, as well as wainscotting, moldings, solid mahogany doors and large picture windows, many with window seats. Of eight bedrooms, three are ensuite ocean front, four are bayfront, while the master suite is separate with its own private oceanfront terrace. Amenities? Yes, there are many, including a dumb waiter, a generator, a Har-tru tennis court, a heated free-form in-ground pool and a floating dock on the bay side.


GREAT FOR RENTING. Morgan House, a circa 1820 Victorian home in Westhampton Beach, is on the market for $4.9 million, listed with Eleanor Kobel of the Corcoran Group. The property was purchased in 1977 by the late Robert Morgan, a philanthropist and businessman who also served as mayor of Westhampton Beach from 1984 to 1986. Morgan died in July. His partner of 40 years, Gary Nesbitt, is selling the compound, which includes 12 one-bedroom, one-bath rental apartments. The main building has eight apartments and a smaller rear building has four apartments, all long-term rentals, says Kobel. “It’s a great spot, within walking distance to everything, right in the village,” Kobel says, adding that all residents of the apartments receive unlimited beach permits for Rogers Beach. The property also has a Gunite pool and Jacuzzi. “It needs a little updating,” Kobel adds, “but it’s a good investment property and would make a great inn or B&B.” Morgan House has had a long history and a circuitous route to its current location on Potunk Lane. According to a historic marker on the property, the main house had its beginnings as a church on the edge of Westhampton cemetery in 1820. In 1832, the church was moved and reassembled on Meeting House Road in Quiogue. In 1887, the building was sold to Nathan Jessup, who moved it to the current site of the Westhampton Country Club, renaming it Jessup House. About 1912 Jessup House was sold and part of the building moved to the current location, where it served as a boarding house and a lodge, until Morgan purchased it in 1977.


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