“No reservation” is the magic word of the auction.currently listed Rebecca Baker Valued at $27.5 million by Sotheby’s International Realty, this East Hampton property Sotheby’s Concierge Auction We will sell to the highest bidder on December 6th — no matter how cheap! — December 14th.
In addition to unique residences designed by renowned architects, there are 3 acres of land south of East Hampton’s ultra-luxury Father Lane, one of the most exclusive roads on the planet. Neighbors in bold include Jerry Seinfeld, Lorne Michaels, Larry Gagosian, Carl Icahn, Martha Firestone Ford, Mort Zuckerman, Howard Schultz and Ron Baron.
The property has been in and out of the market for some time at various price points, including when it was priced at $17.9 million in 2016. Designed by esteemed Hamptons architect Norman Jaffe, the home was originally owned by the legendary financier and economist who pioneered the concepts of ‘shareholder value’ and ‘financial value added’. is part of the estate of the late Joel M. Stern. He commissioned his Jaffe to build this house in his 1980s.
From the 1970s, when the architect moved to Bridgehampton, Jaffe said,astonishingly sculpturalA beach house using rustic natural materials primarily from the Hamptons and surroundings. He has designed over 50 of his landmark homes in the area. Grove Synagogue Gate Called his masterpiece for the Jewish Center in East Hampton, it is one of the finest examples of modern synagogue design in America.
This handsome home offers 6,000 square feet of voluminous space, including a huge great room and a more secluded TV lounge, with natural stone walls, extensive use of natural wood paneling, high ceilings, glass walls, and more. Outdoor and outdoor echoing stone terraces and natural stone slab floors, with the signature Jaffe touch. Like most great architects, Jaffe is sensitive to where his work is built.interesting site It gives you something visually responsive. ” With a large living and dining room facing the garden, entertaining is easy. There are also more closely scaled studies nearby.
The architect’s pedigree is impeccable and the home has been impeccably updated and maintained, but in today’s market a wealthy buyer can have a few issues with the home. An updated kitchen might have been a great idea in 1980, but it’s not what people want today. Also, the four bedrooms are separated from the rest, each with its own bathroom and walk-in closet, which may not be enough to accommodate most buyers at this price point.
Outside, behind tall hedges are rolling lawns, a pool, and a fenced tennis court. The location is very good, with the roar of the Atlantic Ocean nearby and a short walk or bike ride to the local beaches.
It will be very interesting to see what the price of this property will be. Remember there is no deposit. So there may be some rare Hamptons bargains nearby. Also, will the new owners keep the house as is or choose to rebuild it?