DAN'S PAPERS, July 30, 2010 Page 54 www.danshamptons.com
Deep Hollow Ranch on the Block Country, this extraordinary property is being offered for sale. Included is the 17+ acre ranch and an exquisite new ranch house located on a separate 2 acre parcel that features 4 bedrooms, 3.5 baths, 2 fireplaces and all the charm and authenticity of the Old West. Also included is an additional buildable lot. The barns have been restored and updated and offer all that is needed for a successful horse operation. This property is a dream come true for the person or family that wishes to live on an historic property and enjoy a lifestyle that few people get to experience.”
Deep Hollow Ranch could be attractive to a private buyer who would like to ride around on his own cattle ranch in Montauk. Some are hoping, though, that the horse-riding tours and ranch will continue on, should a new owner be found. One fan of the horse tours said, “It would be hard to digest to not be able to go horseback riding through Deep Hollow Ranch. That has been something that my kids and I have been doing for years.” Deep Hollow Ranch was also the location of the live Paul Simon and Billy Joel concerts that used to take place in Montauk. The listing price is being furnished only upon request, however, curbed.com, a real estate gossip website, claims that they have run “experiments” on the listing. Curbed is estimating that the property is for sale at around $13 million. These crown jewel properties in Montauk are riding on a real estate wave of large transactions that began with the sale of the Warhol Estate in 2006 to the current CEO of J. Crew, Millard S. Drexler, for a record price of $27 million. During that time Gosman’s Dock went up for sale at $55 million but never sold, and the Montauk Yacht Club was bought by Andrew Farkas in 2007 for $34 million. The Wavestone Group then transformed the Shepard’s Neck Inn into Sole East for $11 million in 2007. More recently, The Crow’s Nest changed hands in Montauk when Sean MacPherson bought it this year for $4.2 million. And the East Deck Motel, located on Ditch Plains Beach and famous for being featured in Playboy Magazine, is up for sale for $20 million.
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By David Lion Rattiner “The Oldest Cattle Ranch in America” is up for sale in Montauk, the latest of many substantial local businesses in that hamlet to be put on the block for millions of dollars. In June, The Montauket, known as a local bar for its incredible view and its rough neck vibe, includes a 4-bedroom home, 15-room hotel, and 2 cottages, went on the market for $17.5 million. Deep Hollow Ranch, owned by the Leaver family for as long as anyone can remember, is another beautiful spot. Atlantic Beach Realty in Montauk has the listing on their website and is describing the property as “Historically known as the Oldest Cattle Ranch in the