Christopher Covert
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More brokerages have set up shop Out East since the pandemic-driven frenzy, hoping to carve out their own slice of the billion-dollar real estate pie. But listings dwindled with rising mortgage rates in the second half of 2022, leaving the sales spike firmly in the rear view.
A once-in-a-lifetime opportunity awaits on the ocean in East Hampton Village — for a select few that is. A 3.6-acre estate has been listed for $120 million, making it the most expensive property on the market in the Hamptons.
After more than 20 years of owning in the Hamptons, Ann Tenenbaum is calling it quits. The venture-capital investor and philanthropist is listing her lavish East Hampton estate for a cool $120 million following the death of her husband, private-equity legend Thomas H. Lee, last year. That asking price makes this property the most expensive now for sale in the East End.
The Hamptons summer season is underway and the housing market is heating up with one of the most expensive listings around. Ann Tenenbaum, a venture capital investor, philanthropist and widow of late financier Thomas Lee, is listing her East Hampton home at 43 East Dune Lane for $120 million, the Wall Street Journal reported. The home may be the most expensive one on the market on the East End; no listing on Zillow exceeds $100 million.
The seller of the home once owned by Lee Radziwill is Ann Tenenbaum, venture capital-investor and widow of late private-equity pioneer Thomas H. Lee. The couple rebuilt the property twice
The roughly 3.6-acre property is located close to Further Lane, where hedge-funder Barry Rosenstein paid $137 million for an estate in 2014
With the arrival of 2024, let’s take a look back at the year that was in real estate. Even with the market slowing down, there were still some extraordinarily expensive sales in 2023. In fact, the priciest sale of the year at $112.5 million for a single property far surpassed the biggest sale of 2022, which topped out at $84.5 million.
From a $112M oceanfront market peak to a $28M “teardown,” here are the deals that got the megabucks on the South Fork.
A waterfront North Haven home fronting Sag Harbor Bay and facing Mashomack Point and the sunrise has sold for $14 million.
A 3-acre Sagaponack estate updated by Kristen Farrell & Co. sold this fall for $24.5 million, a significant return on investment.
With the prices of real estate these days, especially on Long Island, it’s no wonder that New York State listings account for 18% of the most expensive zip codes in the United States with Sagaponack’s 11962 earning the spot for third most expensive zip code in the country.
Located south of the highway in Bridgehampton, close to downtown, is an early 20th-century traditional shingled farmhouse completely reimagined this year.
A Sagaponack Village compound developed and designed by Kristen Farrell & Co. found a buyer late this summer, despite a slow summer selling season.
Here’s a chance to own a classic Bridgehampton house that combines country living with a decidedly chic interior update. Newly renovated from top to bottom, the house shows off the aesthetic and design expertise of its owners, a jewelry designer and a luxury fashion retail executive.
Welcome to the $29 million Hamptons home where Leonardo DiCaprio spent the weekend with seven of his pals.
Even by Hollywood standards Leonardo DiCaprio was living the high life in the Hamptons this weekend. Sources tell us he rented a historic $28.9 million estate in Sagaponack Village.
This home may be sited on Edge of Woods Road, but with its generous setback and 360-degree greenery including privacy hedges and mature leafy hardwoods, you could say it’s “into the woods.”
Top Hamptons Broker Christopher Covert Spearheads the Expansion of The Modlin Group in The Hamptons.
HRES sat down with Kristen Farrell of Kristen Farrell & Co. along with Christopher Covert of the Modlin Group Hamptons to find out more about this issue’s cover home.
A property on the eastern shores of North Haven is one of the few places in the Hamptons where one can arrive home by seaplane. The New England cape at 48 Forest Road, which also comes with beautiful sunrises across Sag Harbor Bay, is asking $19.95 million.
Modlin Group, a boutique real estate agency in New York City, has expanded to the Hamptons, opening an office in Bridgehampton with Christopher Covert, a familiar name in high-end trades on the South Fork.
The Modlin Group has set up shop in the Hamptons. The firm quietly opened an office at 2405 Main Street in Bridgehampton in December. The brokerage has been doing business out east for a decade, but founder and CEO Adam Modlin decided it was time to entrench the firm’s presence in the region.
The 10 most expensive homes sold for a combined $550 million, a 9 percent decrease from last year’s $607 million. The big difference in 2022: No home topped the $100 million mark, as 90 Jule Pond Drive did last year.
Last week, a nearly five-acre pond-front compound in Bridgehampton sold quietly for approximately $45 million in an off-market transaction.
A roughly 5-acre property in the Hamptons has sold for around $45 million in an off-market deal, according to people familiar with the transaction.
If you’re going to buy a beach house in the Hamptons, there’s no address more prestigious than Billionaires’ Lane. A jaw-dropping property on the five-mile-long Southampton peninsula has just hit the market for an impressive $46 million. The 8,600-square-foot oceanfront estate listed by Compass stretches 3.4 acres on the west end of Meadow Lane—which gets its nickname from its affluent residents and exorbitantly priced estates.
Southampton’s Meadow Lane is where the 1% of the 1% summer, and remains the most prestigious address in the Hamptons. As you might expect, the street is teeming with both old money and the newest Wall Street zillionaires.
A newly listed turnkey home on Southampton Village’s Meadow Lane sits on a large parcel that includes a pool overlooking the Atlantic Ocean, as well as a tennis court, but also peace of mind with double-dune protection from the sea.
A new turnkey home in Southampton Village could soothe its new owner’s concerns over the creeping effects of climate change.
Having already broken ground, this newly designed architectural gem will sit on 1.3 waterfront acres set well off the road, with south and west views across Mecox Bay and the Atlantic Ocean. The six bedroom, six full and two half bath is being developed by Konner Builders with Ryan T. Kesner serving as architect.
Adjacent Sagaponack parcels, one with a waterfront mansion, have been snapped up by an undisclosed buyer for almost all of the $48 million being asked.
Two Sagaponack parcels asking for a combined $48 million, which went into contract in March before officially going to market, have officially sold. Sources say the properties, including one on the ocean and a vacant parcel to the north, traded for $46.5 million — well under 5% off the asking price — on Monday, May 16.
The former Hamptons home of the late Johnson & Johnson chief executive James Burke has sold for close to its $48 million asking price, according to people familiar with the situation.
The most expensive new listing on the Hamptons real estate market was also the highest-priced listing to go under contract in March 2022.
Want a splashy Hamptons spread this summer? Get ready to drop $1M
Two Sagaponack parcels, including an oceanfront property, asking for a total of $48 million, made it to contract last week before it was even officially on the market.
February 2022 was the first month since August 2021 that, marketwide, the Hamptons saw more new listings come on the market than went under contract. The difference is only 10 listings yet, speculation will begin about Hamptons home prices stabilizing and whether we are nearing a turn in the market. When real estate sales will begin to tip in the favor of buyers in any significant way remains to be seen. The Hamptons real estate market has changed – but...
Some buyers working with real estate agent Christopher Covert of Compass Hamptons have considered utilizing their Bitcoin for a downpayment to avoid paying capital gains taxes when liquidating. “Coinbase and BlockFi will do a 50% loan to value ratio, but they will liquidate you above 60 or 65% LTV. So if you have $1,000,000 in Bitcoin, you could tie up $250,000 and get a $50,000 loan with little risk of being margin called. But cryptocurrency is still ...
The white-hot luxury sector is keeping up with demand.
He tells 'The Daily' how he managed the busiest year of his career.
Tight inventory have created a perfect storm in favor of sellers.
His comprehensive knowledge of the town and village codes and regulations, coupled with his ongoing study of market movement at both micro and macro levels enables him to provide the most detailed evaluation.
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