Home News Hamptons Waterfront Compound Owned by Former Financier Lists for $65 Million

Hamptons Waterfront Compound Owned by Former Financier Lists for $65 Million

by admin
0 comment

Sign up for and get first to know about the biggest and best luxury home sales and listings Great Email Alerts for Our Condos..

About 13 acres of waterfront compounds in the Hamptons are on the market for $ 65 million.

The sellers are Roger and Susan Hartg. Hertog is an investment company, Sanford C. Bernstein & Co, according to his charitable foundation website. Founding member and president of AllianceBernstein, the successor company is AllianceBernstein.

The watermill compound in the cove of Mecox Bay consists of five separate lots with multiple structures. The 6-bedroom main house spans approximately 6,000 square feet and includes guest houses, boathouses and poolhouses. On-site facilities include a private dock, a heated pool approximately 40 feet long, tennis courts and a garage.

Records show that Hertogs assembled real estate in the 1990s and paid more than $ 10 million to five plots in 1996 and 1998.

Approximately 100 years old, the main building is built in the classic Hamptons style with a blue façade. The large living room has a fireplace and French doors, leading to a covered porch overlooking the lawn and water.

The property is directly opposite the Fordoon Estate, a property built for car mogul Henry Ford II. Sold to hedge fund manager Greg Coffey Last year it was $ 105 million.

Hertog properties are listed in BespokeRealEstate. Bespoke founder Cody Vichinsky said he didn’t know why Hertogs were sold, but he rarely finds such large adjacent compounds in the region.

Aerial view of the compound.


Photo:

Bespoke real estate

He said the Hamptons market has slowed in recent months from pandemic highs, while the return of New Yorkers to the Hamptons during the summer seems to have stimulated some new deals.

Vichinsky said the Hertog property is the first time Bespoke charges a 1% fee instead of the usual 3%, which is part of the company’s new fee model. Megawatt price tags are so prevalent in high-end markets like Hamptons that it’s hard to justify why agents have to pay millions of dollars to facilitate a single transaction. Mr Bitinsky said. Bespoke pays its representatives, not independent agents, so it can deploy the program.

Write to Catherine Clark [email protected]

Copyright © 2022 DowJones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

On July 15, 2022, it was published in the printed edition as the “Hamptons Waterfront Compound List”.

You may also like