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FALL / WINTER 2014

GOING GLOBAL Plus

CELEBRITY ROW

at Madison Square Garden

WHAT’S NEW AT THE YARD The Brooklyn Navy Yard Comes Alive

AMAZING EATS

The Best of Queens According to Tasting Table


Showcasing our portfolio in the Collectors Lounge at Art Basel Miami Beach 2014 elliman.com/newdevelopments

EPIC PROPORTIONS 250 West Street, Tribeca, NY; page 44


Together we represent over $70,000,000,000 of The World’s Finest New Developments. Announcing our new Development Marketing magazine debuting December 2014

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Welcome to a very different edition of ELLIMAN magazine— one that reflects our expanding role in international real estate and intimate knowledge of our local communities.

DOTTIE HERMAN President and CEO


I

am pleased to announce that as of September 2014,

that allows consumers to search the entire database of Elliman’s

Douglas Elliman officially became a global brand by

continuously evolving markets and services.

forging a strategic alliance with Knight Frank, the

At Douglas Elliman we continue to focus on the individuality

world’s leading real estate consultancy. Together,

of every community we serve, each with its own demands,

Douglas Elliman Knight Frank Residential will have

eccentricities and allure. We also offer market reports, prepared

exposure in 52 key markets in Europe, the Asia Pacific region,

for us by the firm of Miller Samuel, that are widely recognized as

the Middle East, Africa, and the United States.

the industry standard for providing information on the state of the

The global brand alliance will offer the greatest inventory of

residential real estate market in the United States. The report

luxury residences in the world, as well as customer service and

includes an extensive suite of tools to help readers objectively

support in virtually any geographic location. In addition, we will

identify and measure market trends, provides historical context

continue to provide a complete portfolio of real estate services in

to current information, and offers comprehensive analysis of the

the U.S., including New York’s largest residential sales force, our

results. In addition, the Knight Frank Wealth Report will offer a

number one rental division, property management, DE Title and

unique global perspective on the performance of luxury residential

DE Capital. When I took the helm as CEO more than a decade ago I

investments and the spending trends of the world’s wealthiest

never imagined Douglas Elliman would become a global company

individuals. You can explore our full market report series at

with a powerful and extensive international reach, but over the

elliman.com/marketreports, and download a copy of the

last five years it became obvious to me that luxury real estate

Wealth Report at elliman.com/international.

was turning into a global currency. The volatility of the world’s

In this edition of ELLIMAN magazine we celebrate the charms

financial markets was drawing investors from every continent to

of the many different regions and communities in which we serve

the security of U.S. real estate not only as a safe haven, but also

our customers. We take you from a luxury villa in Limonaia,

a tangible, practical asset, with a historically stable rate

Tuscany, to the exciting new development of the Brooklyn Navy

of return. There was a clear need for a brokerage to serve the

Yard. We go day tripping through Westchester and its special

foreign customer with the kind of resources only Douglas Elliman

shops, museums and restaurants, and take a trip up Long Island’s

could offer.

beautiful Heritage Trail along the Gold Coast. Traveling further east

As our international clientele expanded, it became important to

we head out to Kontokosta Winery on Long Island’s North Fork,

me that our company retain the same corporate culture of hands-

with its breathtaking views of the Long Island Sound, and on the

on, individualized service for each customer, no matter the coast

South Fork we take our readers back in history to the 1600s with

or continent. Our success has always been based on our close

a special look into the preservation of the home and land of the

relationship with our clients. We understand that every transaction

Gardiner’s, one of the founding families of East Hampton. Jumping

is personal, and often emotional, whether for an investment, a

to the West Coast, we profile designer Michael LaFetra and the

pied-à-terre, or a home that’s going to be your castle. We also know

architectural masterpieces he is meticulously restoring. In our

that every transaction is different, and that real estate is not a 9 to

Florida markets, we explore how Fort Lauderdale has emerged as

5 business. That’s why our talented real estate professionals are

a vibrant city and desirable destination for relocation. Also in this

available to our customers whenever and wherever they need us.

issue, Barneys Creative Director Simon Doonan turns his gimlet

We’re never too big or too busy for our clients. Even as CEO I’m

eye on the understated rich, and we’ll introduce you to one of the

always available to answer customer emails through our website,

most expensive pieces of real estate in New York—front row seats

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at a Knicks game. You can also read more about our new alliance

It’s also key to us that our talented, multi-lingual, real estate

with Knight Frank Residential on page 12 of this issue of ELLIMAN

advisers understand the needs of customers from different cultures.

magazine as Douglas Elliman Chairman Howard Lorber and I talk

We employ the most knowledgeable real estate professionals in

with journalist Andy Wang about our new venture.

every local market, and we can offer support for every aspect of any real estate transaction, including an unprecedented digital platform

Enjoy!


Contents

ELLIMAN MAGAZINE Fall/Winter 2014

10 Elliman Loves 12 From Local to Global: Douglas Elliman | Knight Frank Residential Global Brand Alliance

16 Going Global Douglas Elliman | Knight Frank Residential Global Launch Celebration

18 The Quiet Luxurians 20 An Equestrian Life 29 Fall 2014 Retail Report 246 At Home With Domingo Zapata

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Regional Features & Fine Real Estate Listings EDITOR IN CHIEF Nicole Oge CREATIVE DIRECTORS Kateri Abbondandolo Heather Smith ART DIRECTORS Laneen Wells Michael Gottfried Ron Allen MEDIA DIRECTORS Dana Zimmerman Courtney Ratcliffe Drew Backoff Romilda Diaz EDITORIAL PRODUCTION Agency Sacks

©2014 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS IS DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

30 Manhattan

148 North Fork

76 Brooklyn

156 Long Island

90 Queens

184 Florida

98 Westchester

206 California

Celebrity Row ..................................32 Manhattan Market Report..............34 Manhattan Listings.........................35

What’s New in the Yard...................78 Brooklyn Market Report.................82 Brooklyn Listings............................83

Amazing Eats...................................92 Queens Market Report...................96 Queens Listings...............................97

Day Tripping in Westchester........100 Westchester Market Report.........104 Westchester Listings....................105 Riverdale Listings.........................109

110 Hamptons

A Historic Homestead................... 112 Hamptons Market Report............. 116 Hamptons Listings........................ 117

Sound Wine, Sound Views............150 North Fork Market Report...........154 North Fork Listings.......................155

Travels Along Route 25A..............158 Long Island Market Report..........164 Long Island Listings...................... 165

The Hidden Gem............................186 Florida Market Report..................190 Florida Listings............................. 191

Moderinst Man...............................208 Beverly Hills Market Report........ 212 California Listings......................... 213

220 International

Prix Fixe..........................................222 Driven by Desire............................224 International Listings....................230

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Contributors

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1. ANDY WANG

3. STEPHEN MILIOTI is a New

is a regular Elliman contributor whose articles on real estate, business and technology have also appeared in the New York Post and the New York Times.

York–based writer and editor who covers home and design for the New York Times and New York magazine and has contributed to Fortune, Elle and others.

2. JOSHUA LEVINE

4. SAMANTHA MARSHALL is a

is a writer and photographer whose fine art and editorial work have appeared in publications including Life, Harper’s and L’Oeil de la Photographie.

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DOUGLAS ELLIMAN

freelance writer living in Miami. Her work has appeared in Marie Claire, the Wall Street Journal, the Washington Post, and the Huffington Post.

5. JEFFERY SALTER is an award-

7. JAMIE MALANOWSKI

winning Miami-based photographer whose work has been featured in Ebony, People, Cigar Aficionado, in books and at major US museums. He has been on staff at Sports Illustrated and the New York Times.

has written for the New Yorker, the New York Times and Vanity Fair. His book Commander Will Cushing: Daredevil Hero of the Civil War (W. W. Norton) is coming out this month.

6. SIMON DOONAN

8. JESSICA ANTOLA is a

counts creative ambassador for Barneys New York, writer, fashion commentator, bon vivant and “famous window dresser” among his many identities. He is the author of several books and a columnist for Slate.

photographer who has contributed to advertising campaigns, international magazines and three books. An avid traveler, she has photographed people, cultures and landscapes in West Papua, Antarctica, Tibet and Myanmar.

Photographs: Andy Wang by Erin Franzman, Stephen Milioti by Melissa LaBoeuf, Samantha Marshall by Radhika Chalasani, Jeffery Salter by C. W. Griffin, Jamie Malanowski by Maria Malanowski

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Photographs: Jessica Antola by Tara Ballarotto, Sarah M. Broom by Hal Williamson, Bobby Fisher by Briseis Guthrie, Jonny Valiant by Erin Swift

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10

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9. MICHAEL WITTE is an award-winning illustrator whose work has appeared in the New Yorker, Time, Harper’s, the Atlantic, New Republic, Rolling Stone, Fortune, the New York Times, the Wall Street Journal and New York magazine.

10. SARAH M. BROOM has written for the New York Times Magazine, Oxford American and O, the Oprah Magazine. Her first book, the Yellow House, is forthcoming from Grove/Atlantic Press.

11. TATIJANA SHOAN is an awardwinning photographer and the editor in chief of AS IF magazine. Her work has appeared in Elle, Elle Decor, Travel + Leisure, Cosmopolitan and Marie Claire and on vanityfair.com.

12. BOBBY FISHER has photographed for Rolling Stone, GQ, Travel + Leisure, Wallpaper, Food & Wine, the New York Times' T Magazine, Outside, Martha Stewart Living, Gourmet and advertising clients.

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13. EVAN JOSEPH is a luxury lifestyle photographer whose work has been featured in Architectural Digest, Elle Decor and the New York Times. His books include the best-selling New York Then and Now.

14. JONNY VALIANT has worked as an interiors and food photographer for more than twenty years. He shoots for a broad range of editorial, catalog and advertising clients.

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15. DANA GALLAGHER is a photographer whose favorite subjects include lifestyle, food, fashion and beauty. She has contributed to Food & Wine, Martha Stewart Living, Real Simple and Gourmet. She blogs for kitchen-repertoire.com.

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ELLIMAN LOVES OUR 10 FAVORITES FROM THIS ISSUE

At Douglas Elliman, we’re always finding new ways to empower our clients with meaningful information—about real estate, yes, but also about the neighborhoods, businesses, people and trends that shape how we live today. With that in mind, our newly redesigned issue of Elliman magazine has been expanded to include a deeper look at each and every one of the regions we serve. We spotlight the highly unusual sale of a Hamptons homestead, explore how architectural preservationist Michael LaFetra is rescuing 20th-century residences in Los Angeles and hop on a bike to visit the Brooklyn Navy Yard. We take you day-tripping in Westchester, wine tasting on the North Fork and weekending along Long Island’s Gold Coast. Our writers and photographers have logged countless miles, restaurant visits, interviews and photo tours to uncover what’s new, wonderful and happening in your neighborhood today. Below are 10 things from their travels that we’re loving right now. 

1

The sale of the Gardiner homestead. East Hampton is keeping its history intact with this important purchase. page 112

2

Fort Lauderdale, Florida’s hidden gem. This beautiful city that time forgot is making a comeback—and we can see why. page 186

3

The sweet treats at Artopolis… and the food at seven other Photograph by Bobby Fisher delectable eateries in Queens, as profiled in our “Amazing Eats” reviews. page 92

4

Bike tours at the Brooklyn Navy Yard. Plus the many other things to do and see at this “curiously serene” industrial complex on the waterfront. page 78

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DOUGLAS ELLIMAN


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La Limonaia in Florence Center, Tuscany. It’s just one of five properties that can be had for about $5 million, featured in our “Prix Fixe” story. page 222

5

Weekending on Route 25A in Long Island. Peace and beauty just 45 minutes from the city. We’re there.

9

Dinner at Blue Hill, in Pocantico Hills, NY. A farm-to-table venue where the season, not a menu, dictates your order. page 100

page 158

Photograph by Jeffery Salter

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Celebrity Row. Because who doesn’t love watching the stars watching the Knicks? page 32

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Michael LaFetra’s midcentury homes. While he may be adding modern touches, he’s also preserving an important chapter in architectural history. page 208

The wines (and the ecofriendly aesthetic) at the Kontokosta Winery on the North Fork. Make sure you drink in the views of the Sound, too. page 150

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LOCAL GLOBAL FROM

TO

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432 Park Avenue | DBOX for CIM Group/Macklowe Properties.


INTRODUCING

DOUGLAS ELLIMAN FINE HOMES KNIGHT FRANK RESIDENTIAL making clients feel right at home— wherever they are By ANDY WANG

This new global alliance, which was launched on September 10, creates an international platform that provides consistent, personalized service for high-end residential real estate clients. It includes a network of more than 400 offices and 17,000 agents blanketing key markets in the United States, Europe, the Asia Pacific region, the Middle East and Africa. Through this alliance, the top listings in each of Douglas Elliman’s markets will be co-branded as Douglas Elliman Fine Homes | Knight Frank Residential properties. These homes, in markets including New York City, the Hamptons, South Florida and Southern California, will be marketed abroad through Knight Frank Residential’s 300-plus offices, vast website and social media channels. And luxury Knight Frank Residential listings will be cross-marketed through Douglas Elliman’s resources as well. “It’s fantastic on both sides,” Douglas Elliman chairman Howard Lorber says. “We have buyers overseas; they have lots of buyers in our markets.” Those buyers often see a safe haven and find great value in the United States, even in New York. “Let’s face it, the US looks affordable to people in London, Hong Kong and plenty of other places in the world,” Lorber adds. “The South of France and Monaco look really expensive in comparison.”

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From left: Howard Lorber, chairman of Douglas Elliman; Dottie Herman, Douglas Elliman's president and CEO; and Lord Andrew Hay, global head of Knight Frank Residential, celebrating the partnership's launch.

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DOUGLAS ELLIMAN

“We track $1 trillion of residential investment through our global residential research and manage relationships with 348 billionaires. They demand the highest quality advice and service in the world’s key markets,” says Lord Andrew Hay, Global Head of Knight Frank Residential. “New York is a key destination for our global client base and in Douglas Elliman, we have found a residential Alliance Partner who, in our opinion, is quite simply, ‘best in class.’” Knight Frank Residential and Douglas Elliman have been working together for years. “Now we’ve taken the relationship to a much higher level,” Douglas Elliman President and CEO Dottie Herman says. “The top 10 percent of listings in each of our markets will be co-branded.” Herman notes that Douglas Elliman is a big company that does everything from sales to rentals to relocation to new development marketing. She likens Douglas Elliman Fine Homes | Knight Frank Residential to the privatebanking arm of a major financial institution. The key is understanding the needs of this unique tier of clients and providing them with incomparable service. “They know us, and we know who they are,” Herman says. “We guide them through their entire process, wherever they want a home. It’s seamless. We accommodate them where they go.” Agents offer information about everything from neighborhood amenities to schools to relocation resources worldwide. And with Douglas Elliman’s market reports and Knight Frank Residential's Wealth Report, clients can look at data and understand how markets have performed over time, where wealth is being created globally and how spending trends among the world’s elite have evolved. “It shows that New York City and London continue to be neck and neck as to where the affluent market wishes to invest in real estate,” says Susan de França, president and CEO of Douglas Elliman Development Marketing. Another important point is that both Londonheadquartered Knight Frank Residential and New York– headquartered Douglas Elliman own all their offices. This isn’t a loosely knit group of affiliates. These are unified companies in control of all their expansive global resources. “It’s the same culture, same service, very hands-on,”

Herman says. “When you affiliate with a brand, you want to make sure they represent what you represent.” This works both ways, of course. Select Douglas Elliman agents who go through an application and training process will become representatives of Douglas Elliman Fine Homes | Knight Frank Residential. These global real estate advisers will be well versed in selling real estate internationally, right down to understanding how customs and business practices differ from region to region. The international market is especially important to new developments like the ones Douglas Elliman represents. In New York these include 432 Park Avenue, 135 West 52nd Street, Ian Schrager’s 215 Chrystie Street, 101 Murray Street, 11 Beach Street and the redevelopment of the Cabrini Medical Center, to name just a handful; in Miami there are Faena House, The Residences at the Miami Beach Edition by Ian Schrager, Park Grove and the Shore Club redevelopment; and in Los Angeles Elliman represents the Metropolis megaproject downtown and the forthcoming Edition. “In the past year or so, we’ve seen that almost fifty percent of our buyers in many of our developments are international purchasers,” de França says. “Now we can market our properties overseas and reach our audience through various outlets that weren’t easily facilitated in the past.” In addition to Knight Frank Residential's offices and website, de França sees opportunities through Knight Frank Residential’s global property shows in top Asian locations and beyond. Elliman’s developments offer move-in-ready luxury homes for busy international buyers who have multiple dwellings. “Time is money, and they really want new, and they like the services and all the conveniences,” de França says. “They just have to pack their toothbrush.” Having this joint Douglas Elliman Fine Homes | Knight Frank Residential entity will have a tremendous impact on finding customers, says Horacio LeDon, Douglas Elliman’s president of development marketing in Florida and California. “For new developments, it provides the ultimate differentiator, worldwide eyeballs,” LeDon says. “The adage that real estate is local in nature is quickly becoming


an antiquated concept, especially at the high end. What we’re doing is providing new access for buyers and ultimate exposure for sellers—that’s one heck of a sweet spot.” The co-branded alliance will allow buyers to contact one entity and have access to anything they have in mind, whether it’s a primary home, a turnkey penthouse pied-àterre, a beach retreat, a ski chalet or anything in between. Douglas Elliman Fine Homes | Knight Frank Residential “is the culmination of a 4-year journey where two premier real estate companies turned a shared vision into a reality, putting our clients first no matter where in the world they want to buy, sell, rent, or invest,” said Stephen Kotler, Douglas Elliman’s chief operating officer. “This new global brand exponentially increases our listings database and web presence, while our buyers for this sector can come from the farthest reaches of the planet.” “We are already seeing the fruits of our labor, proving this global, customer-driven model works,” added Kotler. “On a recent trip to Singapore, through Knight Frank Residential’s connections, we were able to sign five deals worth just over $7 Million in one of our New York development projects. But the relationships we made and the clientele we were able to access would not have been possible without this alliance. It’s a two way street—and at the end of the day it benefits our clients.” Knight Frank Head of Residential for Europe and the Americas, Paddy Dring, not surprisingly, sees New York as a major attraction for his international clients. “Four years ago, there was a lot of capital floating around the world, coming from different locations, seeking a safe place to invest at a time when the financial markets seemed more uncertain,” Dring says. “Property as an asset class became more popular. Not only were we getting buyers and investors in New York, we were also hearing developers saying they wanted to explore the New York market.” New York, with some of the world’s most luxurious

turnkey apartments, has only grown as an international market since then. And Knight Frank Residential’s offices in upper-echelon markets like Singapore, Hong Kong, Beijing, Shanghai, London, Dubai, Abu Dhabi, Mumbai, Monaco and Switzerland have generated business to and from New York. “I think one of the main differences for us is that we are an independent property business,” Dring says. “We were founded more than 100 years ago and we’ve remained independent.” Independence allows a firm to be nimble in a world that’s becoming increasingly global and more digital by the day. And with its client database, of-the-moment metrics and tremendous website, Knight Frank Residential is always connected to buyers and sellers, whether customers prefer to meet in person or to look at floor plans on their iPads while in transit.“If we have a project that we think has international appeal, it will be on Knight Frank Residential’s website, their magazine, their print ads,” Lorber says. “They are our international representative for new developments.” It’s all about expansion for Douglas Elliman, which recently opened a Beverly Hills location and is looking at spaces in Brentwood and Malibu. “We always wanted to build the company where we feel our customers congregate,” Lorber says. “Our business plan was, we didn’t want to have offices that have nothing in common with what we do,” Herman adds. “We want to be in every market our clients are in.” Douglas Elliman Fine Homes | Knight Frank Residential makes sure that this is the case on an international basis. “New York competes in a global market,” Herman continues. “It’s a global world. You can live anywhere. And when your real estate journey takes you from America to Europe, Asia, and back again, you’re going to think: Douglas Elliman Fine Homes | Knight Frank Residential.”

“ BUYERS

FOR THIS SECTOR CAN COME FROM THE FARTHEST REACHES OF THE PLANET.”

Below, from left, just a few of the properties now on the market: a restored fifteenthcentury Florentine villa in Florence; an enchanting estate in the heart of Provence; the view from a five-bedroom villa in Porto Rotondo, Italy; the Park Grove development in Miami.

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Artist’s rendering


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1 Stephen Kolter, chief operating

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officer, Douglas Elliman; Susan De Franรงa, president and ceo, Douglas Elliman Development Marketing 2 Jason Walker, Paul Zweben, Cory Weiss, brokers 3 Suzan Kramer, Gail Sankarsingh, brokers 4 Luis Ortiz, broker 5 Global Wealth Panel (l to r): Robert Frank, Howard Lorber, Lord Andrew Hay, Alexandra Champalimaud, president and principal designer, Champalimaud; Paul Pariser, co-chief executive officer, Taconic Investment; Paddy Dring, partner, head of International Residential, Knight Frank Residential 6 Oren and Tal Alexander, brokers 7 Maria Babaev, broker; Robert Frank, cnbc reporter and editor; Senada Adzem, broker

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GOING GLOBAL

Douglas Elliman Fine Homes | Knight Frank Residential Launch Celebration

September marked the worldwide launch of the global brand alliance between Douglas Elliman and Knight Frank Residential. To celebrate this historymaking announcement, executives and brokers from both companies, along with influential tastemakers, gathered at Gotham Hall in New York City.

1 5

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1 Howard Lorber, chairman

and Dottie Herman, president and ceo, Douglas Elliman; Lord Andrew Hay, global head of Knight Frank Residential 2 Jyll Kata, Jeffery Rothstein and Lisa Hogan, managers 3 The global stage 4 Brett Miles, broker 5 Fredrik Eklund and John Gomes, brokers 6 Michael Murphy, Managing Director, de Commercial, Long Island; Tony Piscopio, John Martin, Frank Castelli, managers 7 Richard Sexton, Christine Haney

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THE

QUIET LUXURIANS Understated handbag? Check. L.L.Bean–style basics? Check. Here, fashion anthropologist-at-large Simon Doonan examines the ongoing refinement of understatement among the global wealth-erati

It doesn’t matter whether you’re a top-notch realtor or a top-shelf trainer. Perhaps you flog vintage vino in a fancy booze emporium, or maybe it’s designer frocks at Barneys New York. (Hello! I can hear you!) Or maybe you’re a square-jawed cater-waiter with a cheeky smile. Or you’re covered in tattoos and earn your living slinging artisanal pizza in a happening downtown eatery. Regardless of your profession, if you live in a big city (I’m talking London, New York, Singapore, Hamburg, Oslo, etc.), chances are you’re rubbing elbows with those superrich one-percenters and may not even know it.

B

ACK IN THE SLEAZY seventies or the go-go eighties, or even the naughty nineties, you could spot a high roller from a mile off. If the chick in your sights wore a leopard-print frock and drove a matching leopard DeLorean, she probably was one. But this has all changed. Wealthy people, regardless of their country of origin, have adopted a cunning mode of disguise: Enter the Quiet Luxurians.

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What function does this aggressively unsplashy mode of dressing serve? First, by eschewing ostentatious styles, the superrich are now much harder to spot and, as a result, far less vulnerable to being bothered by the likes of you and me.

It’s low-key style, but with a staggering price tag.

Look over there. What a perfect specimen! I am talking about that lady walking down Sloane Street. Is she Russian, Saudi, Norwegian or maybe a visiting Yank? It’s impossible to tell. To the untrained eye, her discreetly accessorized slacks ’n’ sweater ensemble renders her all but invisible. Her monochromatic, tawny outfit is the antithesis of ostentatious glamour. And yet…my estimated cost of her Loro Piana separates, Prada duffel, Belgian loafers and dainty Cartier watch? A quiet 25 grand.

Second, it's all about exclusivity. All those supersubtle sartorial details are recognizable only to other Quiet Luxurians. That Mark Cross bag, therefore, buys membership to a secret society of codified elitism and, as a result, produces a warm, squishy, I-am-special feeling in the wearer.

This new Quiet Luxury is the opposite of dressing like a real housewife. It’s low-key style, but with a staggering price tag; it’s an unflashy white-gold Rolex that has the chic restraint of a Timex; it’s L.L.Bean-ish basics with haute couture prices. It’s Normcore for the oligarchs. Simply put: The global wealthy everywhere are occupying Hermès.

Spotting these vicuña-lovers in the wild requires exhausting dedication and relentless practice. But here is the good news: While they are hard to identify, their numbers are proliferating—insanely, dramatically and beyond all expectations. Whether you're in real estate or fashion, this is the era of the ultimate gold rush.

DOUGLAS ELLIMAN

Luxurious consumption is enjoying an unprecedented growth spurt. I’m talking not just Hermès, but sportswear by Brunello Cucinelli; suits by Brioni, Isaia and Kiton; handmade shoes by Lobb; and handbags from the Belgian house of Delvaux or the Milanese masters at Valextra. The quiet luxury trend has given rise to a feverish appreciation for exquisite, handcrafted garments and accessories that shimmer with subtle excellence rather than screaming logos.

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OOKING TO THE FUTURE: As we shirtless ones become hip to their jive, the Quiet Luxurians will eventually realize that they need to change their spots. Maybe they will revert to those days of trashy nouveau-richesse. Noisy luxury might well vanquish quiet luxury and make a screeching comeback. I look forward to this. As much as I appreciate the handcrafted majesty of a Moreau crocodile tote, I do have a sneaking nostalgia for the hot-pink bedazzled excess of the latter part of the last century. Look at it this way: If the superrich ditch all that subtlety and revert to wearing canaryyellow fur chubbies whilst driving their matching Maseratis, they will be so much easier to spot.


Illustration by MICHAEL WITTE


an

EQUE S Passion, hard work, dedication. As these horse owners will attest, the equestrian life is about so much more than just a white picket fence and a stable—it’s about crafting a home and a way of life that lasts for generations


TR I AN Photograph by Art Wolfe/Gallery Stock

life


They say that

HOME IS WHERE THE HEART IS and for these owners, home and heart are where the horses are too. Join us on a tour of four unique equestrian properties, from Florida to Long Island, where no expense has been spared to create a horse lover’s paradise.


Web# H50530 on elliman.com

TWO TREES FARM Given the central role that real estate developer David Walentas played in transforming Brooklyn’s Dumbo neighborhood from gritty to gorgeous, the magic that he and wife Jane have worked on 65 acres in Bridgehampton, New York, may not be surprising. But it’s still impressive. The Walentas family has turned the former dairy farm into a world-class equestrian facility, home to the Bridgehampton Polo Club and the prestigious Mercedes-Benz Polo Challenge. Also a hunter and jumper destination, Two Trees Farm boasts two indoor arenas, three outdoor rings, acres of paddocks, three barns accommodating 100 horses and staff quarters with eight apartments. The original, beautifully renovated four-bedroom main house has a pool and tennis court. Guests can stay in a separate four-bedroom house. No detail was forgotten in the property’s transformation. “Everything has been done top-notch,” says Elliman broker Morgan White. The result, she says, is “breathtaking.”

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Web# 2659437 on elliman.com

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DOUGLAS ELLIMAN


FARMSTEAD ACRES Visitors to

Farmstead Acres in Brookville, New York, may first notice its charming manor house, the arched bridge over the picturesque pond or the horses grazing in large paddocks. But when Barbara Beaney looks at the 20-acre working horse farm where she and her husband, Bruce, raised their kids and now watch their grandkids play, she sees home. “It’s a great place to raise a family, just a wonderful family compound,” Beaney says of the bucolic property, which was once part of the same estate as the nearby Tam O’Shanter Golf Club and is known to many locals as simply “the farm.” In fact, Beaney herself grew up here. Her father bought the land in the early 1950s and farmed it, growing potatoes, mostly, until his passion for horses inspired him to convert it into a working horse farm, where he raised standardbreds for harness racing. “He had a lot of champions over the years,” Beaney recalls. These days, fewer horses are housed in the spacious complex, which includes fenced grazing land, a riding ring and three barns (one with 15 stalls), and it’s the Beaneys’ daughter who is raising her kids—two sons, ages 12 and 15—in the main house. Built by Barbara’s father in 1964, the six-bedroom house has four full- and two halfbaths and features a pool and tennis court. Four farmhouses also stand on the property among the verdant hills and majestic old trees, and there are miles of equestrian trails nearby. The boys ride their bikes and golf carts around the property—there’s no worry about cars or neighbors to disturb. In cold weather, the frozen pond is perfect for ice skating. Elliman broker Regina Rogers calls winters there “magical.” Beaney and her husband are now ready to pass the property and home along to a new buyer. They would love to see another family make memories there. “It’s a wonderful spot,” she says, “a wonderful place to grow up.”

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DOUBLE H FARM Hunter Harrison is a railroad man, but the 87-acre Ridgefield, Connecticut, property he and wife Jeannie bought in 2005 is tailor-made for horses. The Harrisons built an equestrian paradise, with two luxurious barns, a 3.5-acre Grand Prix jumping field, indoor and outdoor arenas and a network of trails. The property has every amenity for training gold-medal-winning show jumpers, Elliman broker Sally Slater notes. It also has three houses, a pool, a tennis court and spectacular Hudson River views. The 14,500-square-foot main house, built in 2009, includes a state-of-the-art media room and an antique-glass-walled wine cellar. “Though it’s a large house,” Slater says, “you feel comfortable in every room.”

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DOUGLAS ELLIMAN


Web# DE08404 on elliman.com

HOUNDS EAR FARM

Built in 2006, this nearly six-acre property in Loxahatchee, Florida, is minutes from the Wellington showgrounds and Palm Beach Polo and Country Club, where Prince Charles has saddled up. The open-plan house has four bedrooms and two guest suites; the airy barn has seven oversize stalls, soaring ceilings and large tack and feed rooms. The structure, sited for maximal breeze, is only 55 feet from the master bedroom, so the opportunity for a ride in the private arena or on the miles of community trails nearby is always just steps away.

Web# RX-10021906 on elliman.com

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SALES

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R E N TA L S

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RELOCATION

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NEW DEVELOPMENTS

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COMMERCIAL

|

MORTGAGE

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PROPERT Y MANAGEMENT

|

TITLE INSURANCE

THE POWER OF ELLIMAN IS MADE FOR THE WORLD’S MOST COMPETITIVE MARKET.

What Douglas Elliman Commercial offers is unique, and uniquely Elliman — a purpose-built firm specializing in creative solutions for landlords, owners, investors, and tenants. Here clients work exclusively with veteran professionals who have a reputation for influential insights into market and business trends as well as a vast network of top-level connections. A broad web of offices and outstanding digital platforms support the entire team.

PUT THE POWER OF ELLIMAN TO WORK FOR YOU. ELLIMAN.COM/COMMERCIAL

© 2014 DOUGLAS ELLIMAN REAL ESTATE.

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DOUGLAS ELLIMAN

EQUAL HOUSING OPPORTUNITY.

205 East 42nd Street, New York, NY 10017 | 212 891 7600


RETAIL

REPORT

FALLING INTO FASHION IN THE WORLD’S STYLE CAPITAL

Summer breezes will soon be a memory, but for many of us fashionistas, this is when the fun begins! Retailers and brands from around the world are ready to serve us the latest styles for fall, the holidays and beyond. MADISON AVENUE

FIFTH AVENUE

Look for Paul Morelli’s beautiful jewelry at 895 Madison Avenue. Nars has taken 971 Madison, and Ermenegildo Zegna’s latest outpost will be at 823. Off the Avenue at 57 East 57th Street, Kiton is now inside the Four Seasons Hotel, and Italian menswear designer Caruso makes its U.S. debut at 45 East 58th. Alice + Olivia has its second store on the Avenue near 87th Street. Bottega Veneta’s creative director, Tomas Maier, will open his own boutique at 956. Rena Lange debuts at 791 later this year. John Varvatos’s flagship is at 765 Madison, and Roland Mouret’s first NYC outpost will be at 952. Peter Millar has signed for space at 536.

Cartier’s temporary shop has arrived at 767 Fifth. Karen Millen is at 587 Fifth. Blancpain, Swatch’s luxury brand, occupies 645. Piaget’s flagship at 730 has reopened.

Paul Morelli’s bangle bracelets

UPPER EAST SIDE The legendary luggage maker Goyard will take a freestanding space at 20 East 63rd Street. Inside Bloomingdale’s, Sonia Rykiel has replicated its Paris shop. Jeweler Fabrizio Giannone has a boutique at 1031 Lexington Avenue. Children’s apparel maker Hartstrings’ first Manhattan shop is at 1114 First Avenue.

MEATPACKING/ CHELSEA French clothing line The Kooples is subletting Moschino’s shop at 401 West 14th Street through September 2018. Barneys New York will return to 101 Seventh Avenue in 2017. Luxury automaker Lexus is opening a threelevel store at 412 West

14th Street, combining an art gallery, café, apparel shop and, yes, a small auto showroom.

GREENWICH VILLAGE Word has it that Calvin Klein’s second New York City store will be at 340 Bleecker Street. Amazing lighting fixtures from Luceplan are coming soon to 14 Wooster Street. The newest home for Ladurée’s marvelous macarons is 398 West Broadway. Maison Martin Margiela’s MM6 label has opened a second location, at 91 Grand Street.

SOHO David Yurman’s second shop will be at 112 Prince Street. Former Coach creative director Reed Krakoff will open his second store in the city at 95 Greene Street. Casual but luxurious leather bags are available at Will Leather Goods, newly arrived at 29 Prince Street. Céline’s SoHo location will be at 67

Wooster Street. Birchbox, the cosmetics website that sends subscribers a variety of samples every month, launched its first permanent store at 433 West Broadway. Paul Morelli's stacking rings

NOLITA/TRIBECA/ LOWER EAST SIDE Helmut Lang has come to 14 Prince Street.

FINANCIAL DISTRICT Vince is taking space at Brookfield Place, and Saks Off 5th likely will occupy Brooks Brothers’ longtime perch at 1 Liberty Plaza when that lease expires late next year.

Happy Fall & Happy Shopping! FAITH HOPE CONSOLO Douglas Elliman Real Estate

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59TH STREET BRIDGE EAST SIDE, MANHATTAN 30

Manhattan is, and always will be, achingly glamorous—the world’s address for dreamers and doers. Here, the glittering city skyline on a clear night, as viewed from high above the 59th Street Bridge.

Photograph by Evan Joseph

DOUGLAS ELLIMAN


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1994

1999

NEW YORK’S MOST VALUABLE

REAL ESTATE 2004

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All images courtesy of Getty Images. Top, left to right: Andrew D. Bernstein/Contributor, Bernie Nunez/ Contributor, NB/Contributor, James Devaney/Contributor. Bottom, left to right: James Devaney/ Contributor, DOUGLAS ELLIMANJames Devaney/Contributor, James Devaney/Contributor, Jim McIsaac/Contributor

2005


2002

2003

THE STARS ALIGN ON CELEBRITY ROW These center courtside seats at Madison Square Garden may be the most coveted square footage in all of Manhattan. From Oscar winners to Grammy favorites, supermodels to star athletes, on any given night you’ll find an A-list gathering of luminaries rooting on their hometown Knicks. Here, in celebration of Douglas Elliman’s exclusive sponsorship of this prime New York address, a look back at the glimmer of Celebrity Row and how it’s shined so brightly through the years. —Victor Brody

2012

2014

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2Q-2014

Co-op & Condo Sales

MANHATTAN PRICES UP

ABSORPTION RATE UP

5.2 10.9 %

Median sales price this quarter was $910,000, as compared to $865,000 in the prior year quarter.

TOTAL CLOSED SALES UP

6.3

%

There were 3,342 sales this quarter, an increase of 198 sales from the same quarter last year.

LESS DAYS ON MARKET

%

At the current rate of sales, it would take 5.1 months to sell existing inventory, as compared to 4.6 months in the prior year quarter. An increase in absorption rate indicates a slower market pace.

INVENTORY UP

18

%

There were 5,659 listings this quarter compared to 4,795 listings in the prior year quarter.

NEGOTIABILITY UP

82 0.1

DAYS FASTER

Days on market this quarter was 96 days, as compared to 178 days in the prior year quarter.

%

Listing discount is the % difference between the list price at time of sale and the sales price. An increase in listing discount reflects greater negotiability by sellers. The listing discount was 2.8% this quarter, as compared to 2.7% in the prior year quarter.

Data Provided by Miller Samuel Inc. Appraisal and Consulting Services


EASTSIDE

STUNNING CENTRAL PARK DUPLEX | 969 FIFTH AVENUE, 11/12TH FL | $21,500,000 Impeccable Fifth Avenue prewar duplex, originally twelve rooms combined into ten, with north, west, and east exposures offering natural light and unrivaled views of Central Park. Web# 1546529.

CLASSIC UPPER EAST SIDE | 870 FIFTH AVENUE, 14E | $8,500,000 This home in one of Fifth Avenue’s finest white-glove co-ops offers three bedrooms, two-and-one-half baths, formal living and dining space, and an 1,800+ sf dedicated terrace. Web# 1840029.

RAPHAEL DE NIRO, Lic. Assoc. R.E. Broker THE DE NIRO TEAM at Douglas Elliman Real Estate | O: 212.460.0655 | thedeniroteam@elliman.com

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EASTSIDE

ONE-OF-A-KIND RIVERHOUSE JEWEL | 435 EAST 52ND STREET, 14/15D PRICE UPON REQUEST | Penthouse triplex with spectacular views and landscaped terraces. Level 1: Enjoy major rooms and master suite. Level 2: Guest, media, and loft. Level 3: Roof terrace. Building club. 50% financing if allowed. Movein ready, full-service co-op. Garage. Web# 1667761. Betsy S. Green, O: 212.891.7067

THE FLOWERING MALLS | 755 PARK AVENUE, 3A | $7,750,000 Spread out before this superb ten-room white-glove co-op wrapping the corner of 72nd. Views west to the Park. Planting balconies. Glorious English style. Flexible layout perfect for parties. Maintenance $5,679. Gym and storage. Web# 1831663. Elizabeth Brown, O: 212.319.5432; Flemming Brown, O: 212.965.6062

ONE BEACON COURT CONDOMINIUM | 151 EAST 58TH STREET, 49B | $13,950,000 Spectacular three bedrooms, three-and-one-half baths, windowed eat-in kitchen, 2,669 sf, northeast corner, stunning views of Central Park, Hudson, and East rivers, five bridges, 11 ft ceilings, exquisite interior finishes throughout with an incomparable level of service and amenities. Web# 1569917. Janice Chang, O: 212.579.8900

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EASTSIDE

Virtually Staged

Virtually Staged

THE SHERMAN FAIRCHILD MANSION | 17 EAST 65TH STREET | $40,000,000 This 25-foot-wide iconic property is one of the finest examples of postmodern architecture in New York’s Gold Coast. Web# 1840117.

JARED SELIGMAN, Lic. Assoc. R.E. Broker | O: 212.891.7104 | jared.seligman@elliman.com

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EASTSIDE

Virtually Staged DIRECT PARK VIEWS | 965 FIFTH AVENUE | $5,975,000 Huge living room with master bedroom facing Central Park. Large, square foyer, kitchen, and maid’s room. Very flexible space. Gym and storage. Renovation plans available. Web# 1858818. Elizabeth Brown, O: 212.319.5432, C: 646.338.2026

SPECTACULAR MINT CONDO | EAST 88TH STREET, 43A | $4,950,000 Panoramic city and river views. Four bedrooms, four-and-one-half baths, plus den. Eat-in kitchen with top-of-the-line appliances. Renovated marble baths. Steam shower in master. Laundry in apartment. Pied-à-terre and pets welcome. Web# 1838332. Jill Ferrari-Rosen, O: 212.319.5704, C: 917.301.5369, jill.ferrari@elliman.com

NO BOARD APPROVAL | 400 EAST 52ND STREET, 15F | $4,495,000 Trophy apartment, no board approval. Open views and great light in full-service prewar co-op. Four-bedroom, four-bath duplex with soaring ceilings, huge terrace, two wood-burning fireplaces. Pets OK. Web# 1656859. Genevieve Sonsino, O: 212.891.7140, gsonsino@elliman.com

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EASTSIDE

160 CENTRAL PARK SOUTH, 1709 CENTRAL PARK SOUTH| $4,000,000 Luxurious living quarters, white-glove amenities, and a window to the park make this light-bathed two-bedroom, two-and-one-half-bath condominium in the iconic Essex House an unrivaled home or pied-Ă -terre. Web# 1869542.

524 EAST 72ND STREET, 30CDE | $5,000,000 Enjoy stunning views from every window. At just under 3,000 sf, this elegant renovated three-bedroom, four-bath residence has an open living room with oversized windows, an elite custom kitchen, media room/home office, AV system, CAC/heat, washer/dryer, and fireplace. Web# 1703071.

TOWNHOME AT THE PLAZA | THE PLAZA RESIDENCES, 1 CENTRAL PARK SOUTH, MAISONETTE 201 | $25,000,000 A wonderful 4,413 sf maisonette apartment accessed via a dedicated elevator from the landmarked Residential lobby. This unique, elegant three-bedroom, four-and-onehalf-bath apartment has beautiful views of Central Park and a tranquil pond from oversized windows lining the spacious living room with high 12 ft ceilings. Web #1898994.

THE ALEXANDER TEAM at Douglas Elliman Real Estate OREN ALEXANDER, Lic. Assoc. R.E. Broker | O: 212.350.8561 | oren.alexander@elliman.com TAL ALEXANDER, Lic. R.E. Salesperson | O: 212.350.8541 | tal.alexander@elliman.com ASKELLIMAN.COM

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EASTSIDE

PARK AND RESERVOIR VIEWS | 1049 FIFTH AVENUE, 16A | $11,500,000 Three bedrooms, three-and-one-half baths plus library. Prewar full service Fifth Avenue condo with stunning new top-of-the-line Italian baths and kitchen. Central Park, Reservoir, and south views. Web# 1839557.

CENTRAL PARK AND SOUTH VIEWS | 30 EAST 85TH STREET, 20A $8,280,000 | Three bedrooms, three-and-one-half baths, breathtaking Central Park, Reservoir, and midtown views of iconic buildings. High ceilings. Garage. David Barton Gym. Full-service luxury condo just off Fifth Avenue. Web# 1840129.

RIVER AND SOUTH MIDTOWN VIEWS | LEIGHTON HOUSE 360 EAST 88TH STREET | $1,950,000 | Two bedrooms, two-and-one-half baths plus study, renovated kitchen, herringbone floors, washer and dryer, high ceilings, gym, playground, garden. All this in a full-service luxury condo. Web#1853293.

AFFORDABLE LUXURY TWO-BEDROOM | 55 EAST 87TH STREET $1,795,000 | Two bedrooms plus study/third bedroom. Sun-flooded south exposures. Hardwood floors, renovated kitchen and baths. Tons of closets, garage, and bike room. Web# 1809541.

CAROL STAAB, Lic. Assoc. R.E. Broker | O:212.891.7205 | cstaab@elliman.com

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EASTSIDE

EXCEPTIONAL ELEGANCE | 910 FIFTH AVENUE, 12A | $16,500,000 Perched high atop Fifth Avenue, this spectacular residence boasts stunning views of Central Park and beyond, featuring tremendous frontage that spans over 45 feet along Fifth. Web# 1922658.

QUINTESSENTIAL FIFTH AVENUE | 1001 FIFTH AVENUE, 4C | $2,650,000 Designed by the world-renowned architect Philip Johnson with an unmistakable limestone faรงade. This residence is situated on one of the most desired blocks of Fifth Avenue. Web# 1910926.

THE KATZEN TEAM at Douglas Elliman Real Estate FRANCES KATZEN, Lic. Assoc. R.E. Broker | O: 212.350.8575 | fkatzen@elliman.com

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EASTSIDE

MINT CONDITION, NEW TO THE MARKET CLASSIC 7 | 1158 FIFTH AVENUE | $3,495,000 This classic 7 is composed of an elegant foyer, living room with wood-burning fireplace, dining room, corner master bedroom with en suite bath, and two additional bedrooms that share a Jack & Jill bath. There is an eat-in kitchen, butler’s pantry, and staff room with full bath. Web# 1885651.

MEDICAL PRACTICE SPACE ON FIFTH AVENUE | 1060 FIFTH AVENUE | $1,050,000 An incredible opportunity for your medical practice in a prewar building. This corner office, with a Fifth Avenue entrance, is configured with a waiting room, reception office, two offices, three exam rooms, a utility room, and two powder rooms. Web #1890354. Liz Nelson, O: 212.702.4042, C: 646.483.2951

DANIELA KUNEN, Lic. Assoc. R.E. Broker | O: 212.891.7611 | dkunen@elliman.com

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DOUGLAS ELLIMAN


EASTSIDE

MINT DUPLEX PENTHOUSE WITH RIVER AND CITY VIEWS | 1185 PARK AVENUE, PENTHOUSE | $24,950,000 Enter into a dramatic gallery with a 24 ft domed ceiling. First floor — living room with wood-burning fireplace, dining room, corner master suite, three to four additional bedrooms, library, chef’s kitchen, and breakfast room. Upper level — skyroom with a working fireplace, powder room, huge terrace, and much more. Superb light and views from every room. Web# 1644469. Co-exclusive.

DANIELA KUNEN, Lic. Assoc. R.E. Broker | O: 212.891.7611 | dkunen@elliman.com

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EASTSIDE

SOPHISTICATED LADY | 575 PARK AVENUE, 1002/03 | $8,950,000 Fabulous renovation of six incredible rooms facing Park Avenue and north. Large living room, formal dining room, huge kitchen. Three bedrooms or two bedrooms and a library. Two wood-burning fireplaces. Mint and pristine condition. Web# 1903451.

REBECCA STEINDECKER, Lic. Assoc. R.E. Broker | O: 212.891.7080 | rsteindecker@elliman.com

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EASTSIDE

FIFTH AVENUE DUPLEX GEM | 1 EAST 66TH STREET, 13/14BC | $14,750,000 Premier Candela building. Fourteen windows face Fifth. Two masters, paneled library, three baths and powder room. Three wood-burning fireplaces. In-house restaurant. Mint condition. Web# 1736625. Co-exclusive: Elaine Bedell, O: 212.891.7289

REBECCA STEINDECKER, Lic. Assoc. R.E. Broker | O: 212.891.7080 | rsteindecker@elliman.com

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EASTSIDE

ARMANI STYLE RENOVATED CONDO | OLYMPIC TOWER 641 FIFTH AVENUE, 34B | $3,800,000 | Tower of Power, Armani style, renovated two-bedroom, two-bath luxury home with fantastic views of Central Park and city skyline. Includes high-tech Eggersmann kitchen, Brazilian walnut floors, washer/dryer, and all brand new furnishings. Web# 1856900. Valerie A. Lettan, O: 212.319.2844

PREWAR CONDO ON MUSEUM MILE | 1049 FIFTH AVENUE, 4A $3,700,000 | This quiet mint three-bedroom at a coveted Central Park location offers two-and-one-half baths and a gracious living room adjoining a formal corner dining room. This elegant condo also boasts a windowed eat-in kitchen and gleaming herringbone floors. Web# 1870637. Marguerite Martin, O: 212.475.5750

THE PLAZA HOTEL WITH CENTRAL PARK VIEWS | 768 FIFTH AVENUE $3,500,000 | The Edwardian Suite is a stunning 956 sf furnished one-bedroom condo with one-and-a-half luxurious marble baths. Enjoy 12 ft ceilings and Juliet floor-to-ceiling windows. Perfect pied-Ă -terre/investment with world-class location, amenities, and services. Web# 1846341. Barbara Lockwood, O: 212.891.7218

PARK AVENUE IMPECCABILITY | 750 PARK AVENUE | $1,100,000 Stunning one-bedroom on high floor with terrace. Total renovation. Move-in ready. Located on Park Avenue. Close proximity to Central Park and Madison Avenue shopping. Web# 1798448. Faith Fisher Einhorn, O: 212.418.2045

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DOUGLAS ELLIMAN


EASTSIDE

THE CARHART MANSION, PH | 3 EAST 95TH STREET | $34,000,000 A one-of-a-kind duplex penthouse, one of just four residences carved at 3 East 95th Street, a full-service building. Over 7,140 sq ft of interior and 5,200 sq ft of outdoor space. Web# 1873826.

The Copley Team at Douglas Elliman Real Estate TheCopleyTeam.elliman.com

KEITH COPLEY, Lic. R.E. Salesperson | O: 212.337.6164 | keith.copley@elliman.com ROBSON ZANETTI, Lic. Assoc. R.E. Broker | O: 212.337.6160 | robson.zanetti@ellliman.com PASCUAL ORTIZ, Lic. R.E. Salesperson | O: 212.337.6166 | pascual.ortiz@elliman.com ASKELLIMAN.COM

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EASTSIDE

SLEEPING BEAUTY | 205 EAST 59TH STREET, PH27A | $7,999,000 Approximately 4,000 sf three-bedroom, three-and-one-half bath sponsor condo residence with five terraces and Central Park views. Quadruple exposure, neighbor-free elevator landing, 50-foot-wide great room, wood-burning fireplace. Amenities include 24-hour doorman and concierge, personal storage, fitness center, puppy park, and garden terrace. Shop at Bloomingdale’s and dine at Le Cirque, both located directly across the street. Web# 1873993.

THE JACKY TEPLITZKY TEAM at Douglas Elliman Real Estate JAQUELINE (JACKY) TEPLITZKY, Lic. Assoc. R.E. Broker | O: 212.891.7263 | jteplitzky@elliman.com

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DOUGLAS ELLIMAN


EASTSIDE

A TRUE LOFT ON THE UPPER EAST SIDE | LUX 74 CONDOMINIUM | $6,295,000 Five bedrooms, five-and-one-half baths in over 3,000 sf. Thirteen closets, 44-ft great room, Lutron electric shades, Onyx kitchen countertops, fireplace, balcony, windowed laundry room. 24-hour doorman/concierge, fitness center, storage, and rooftop solarium with wood paneling, barbeque grill, and skyline views. Pets welcome. Web# 1911271.

Virtually Staged

DESIGNER’S DREAM CONDO | THE TOURAINE | $4,995,000 Designer decorated three-bedroom, three-bath on East 65th Street. 9 ft 6 inch ceilings, exquisite finishes, white oak herringbone flooring, and washer/dryer. Resident library, wine cellar, fitness center, and rooftop terrace. Web# 1892263.

PROFESSIONAL CHEF’S KITCHEN | 60 EAST 88TH STREET | $3,995,000 Rare, luxurious, 1,853 sf three-bedroom, two-and-one-half bath condo on 88th Street between Madison and Park with gourmet kitchen, separate dining area, and washer/dryer. Circular front drive, manicured sidewalk landscaping, and 24-hour doorman. Web# 1891729.

THE JACKY TEPLITZKY TEAM at Douglas Elliman Real Estate JAQUELINE (JACKY) TEPLITZKY, Lic. Assoc. R.E. Broker | O: 212.891.7263 | jteplitzky@elliman.com

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EASTSIDE

BEAUTIFUL TOWNHOUSE | 209 EAST 61ST STREET | $6,895,000 This beautifully restored, 20-foot-wide, 4-story single family townhouse is located on a lovely treelined street in the heart of the Treadwell Farms Historic District, a unique collection of fine townhomes with historic charm and exceptional gardens. This outstanding home, in the same family for 53 years, is one of the finest examples in the neighborhood. The house features five bedrooms, five full- and two half-baths, an elegant formal living room, library, and dining room. The kitchen, with its original exposed beams, is furnished with top-of-the-line appliances and leads to a great room and beautifully landscaped garden with a stone patio. Web# 1777114.

SABRINA SALTIEL, Lic. Assoc. R.E. Broker | O: 212.350.2205 | C: 917.626.2866 | ssaltiel@elliman.com

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WESTSIDE

UPPER WEST SIDE, PREWAR CONDO RESIDENCE | 235 WEST 71ST STREET, 7TH FLOOR | $10,900,000 Mint, 4700+ sf, five bedroom prewar condo on a beautiful West 70s block. Enormous loft-like living space. Capacious, custom eat-in kitchen. Full-service building. A must-see. Web# 1779474.

MICHAEL KAFKA, Lic. Assoc. R.E. Broker | O: 212.769.6563 | mkafka@elliman.com

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WESTSIDE

GRAND PREWAR FOURTEEN-ROOM DUPLEX | 924 WEST END AVENUE, 121/T1 | $7,695,000 Two classic 7s offered in combination — create a six+ bedroom duplex home on the top two floors of a full-service co-op. Juliet balconies, magnificent scale, sweeping vistas, sun drenched, elegant. Rare opportunity — true townhouse in the sky. Web# 1880686. Louise Stocker, O: 212.650.4824

RARE PENTHOUSE AT THE DAKOTA | 1 WEST 72ND STREET, PHC | $7,200,000 A unique two-bedroom, two-bath duplex at the top of the iconic Dakota enjoys all the brightness and quietude that a penthouse home on Central Park West can offer. A rare architectural opportunity for modern living amidst historical elegance. Web# 1857133. Katherine Gauthier, O: 212.769.9832

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WESTSIDE

GREAT ONE-BEDROOM CONDO | 230 RIVERSIDE DRIVE, 14B | $850,000 This charming space has a great layout and chef’s kitchen with Sub-Zero refrigerator, Miele oven/cooktop, and Fisher Paykel dishwasher. F/S building. Storage included. Web# 1882377.

COMBINE AND CONQUER | 230 RIVERSIDE DRIVE, 14ABC | $3,600,000 Here’s an amazing opportunity to create a grand, rambling four-bedroom manse by combining 14AC and 14B. Sweeping river views. West, east and north exposures. Endless possibilities. Web# 1882390.

RIVER VIEWS FROM ALL WINDOWS | 230 RIVERSIDE DRIVE, 14AC $2,750,000 | Stunning prewar condominium boasts three bedrooms, two-andone-half baths, sweeping river views. Full-service building. Web# 1882364.

ROB GROSS, Lic. Assoc. R.E. Broker | O: 212.727.6130 | C: 917.686.4985 | rgross@elliman.com ANDREA WEKSLER, Lic. R.E. Salesperson | O: 212.488.8662 | andrea.weksler@elliman.com

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WESTSIDE

METAL SHUTTER HOUSE DUPLEX | 524 WEST 19TH STREET, 4 | $6,950,000 Shigeru Ban’s Masterpiece — spectacular four bedrooms, three baths, 2,695 sf interior and 186 sf exterior, dedicated elevator landing, double height living room/dining room with motorized retractable 20-ft-tall wall of glass, radiant heated floors, superb finishes throughout, 24-hour doorman. Web# 1695531. Janice Chang, O: 212.579.8900

FULL-SERVICE LUXURY CONDO | 455 CENTRAL PARK WEST, 20A $3,000,000 | Corner residence in a landmarked condo with breathtaking direct views of Central Park and triple exposures. Generous layout boasting three bedrooms, three baths plus powder room, separate kitchen, and dining room. Dedicated storage, washer/dryer, and 10 ft ceilings. Web# 1847492. Rachel Altschuler, O: 212.224.7315

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CLASSIC 6 IN THE SKY | 675 WEST END AVENUE, 15B | $1,749,000 Make this cheerful, sunny Classic 6 with quintessential city views your new home. Bright and comfortable. Find serenity on West End Avenue with lovely prewar details and modern comforts in this two-bedroom, two-and-one-half bath doorman co-op. Web# 1894540. Carolyn Zweben, O: 212.769.6537; Paul Zweben, O: 212.769.9807


WESTSIDE

LEGENDARY BERESFORD HOME | 211 CENTRAL PARK WEST | $9,495,000 Spectacular, grand, corner three-bedroom, four-bath home in the Beresford. Chef’s kitchen, dining room, park-facing living room, master and second bedroom. Third bedroom and library. Web# 1692370.

KEVIN KELLY, Lic. R.E. Salesperson | O: 212.702.4034 | C: 917.447.5367 | kevin.kelly@elliman.com

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PREWAR GRANDEUR | 645 WEST END AVENUE, 5D | $1,650,000 This elegant classic 6 features spaciously proportioned rooms with high, beamed ceilings, opulent wood-paneled dining room, charming moldings, and French doors. Live in a stunning and coveted co-op on West End Avenue. Web# 1855694. Carolyn Zweben, O: 212.769.6537; Paul Zweben, O: 212.769.9807

RENOVATED TWO-BEDROOM/FLEX THREE | 100 WEST 57TH STREET, 6C $1,495,000 | Mint two-bedroom, two-bath co-op composed of a central gallery, living room, formal dining room/third bedroom, master bedroom with en suite bath, a second bedroom, and a second full bath. The chef’s kitchen has washer/dryer with pantry and breakfast bar. Web# 1869407. Daniela Kunen, O: 212.891.7611

MODERN INSPIRED WITH RIVER VIEWS | 303 WEST 66TH STREET 19CW | $1,395,000 | Meticulously renovated, 19th-floor, two-bedroom apartment in Lincoln Square with views north and west. Thoughtfully designed living space for the individual that desires a turnkey unit. Web# 1867360. Katherine Gauthier O: 212.769.9832; Catherine Joynt, O: 646.505.2204, C: 646.640.7511

STUNNING LOFT | 100 WEST 72ND STREET, 4C | $749,000 Don’t miss this special, sunny loft home with dramatic 12 ft ceilings, fully renovated and brimming with character. Open, mint kitchen with breakfast bar and spacious upper loft. Coveted boutique co-op convenient to nearby neighborhood amenities. Web# 1894634. Carolyn Zweben, O: 212.769.6537; Paul Zweben, O: 212.769.9807

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THE GLASS HOUSE | 145 HUDSON STREET, PH | $48,000,000 Enjoy this tastefully designed 7,500 sf, four-bedroom, four-and-one-half bath duplex penthouse with a 4,500 sf terrace. Designed by James Carpenter of 7 World Trade Center with interior design by PH Design Studio. Unobstructed 360° views. Web# 1876767. Oren Alexander, O: 212.350.8561; Tal Alexander, O: 212.350.8541

RARE ARCHITECTURAL BEAUTY | 45 EAST 9TH STREET, 47/48 | $9,000,000 Four-bedroom, four-and-one-half bath, prewar duplex, renovated by Pablo Jendretzki. 18 ft vaulted ceilings, two wood burning fireplaces, three planting balconies, oak floors, pocket doors, and central air conditioning. Full-service, doorman building with roof deck. Pets and pieds-à-terre welcome. Web# 1883610. Dee Simonson, O: 212.321.7165; Mary Anne Cotter, O: 212.321.7186

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DOW NTOW N 20-FOOT TOWNHOUSE 32 DOMINICK STREET $4,200,000 Built in 1826, this landmarked 20-ft-wide three-and-one-half story Federal style house with pitched roof, two dormers, large backyard, and additional FAR available is ready to be transformed. Web# 1683456.

STUNNING DESIGNER TRIPLEX | 420 WEST BROADWAY, PHB $19,750,000 | This dream SoHo triplex penthouse offers beauty, luxury, and functionality throughout its nearly 3,600 sf of interior space and four dedicated terraces totaling 2,740 sf. Web# 1834235.

PRISTINE GRAMERCY PARK HOME | 215 EAST 22ND STREET, N $3,995,000 | Now available in a boutique two-unit townhouse condo with an ideal suite of amenities is a bright and spacious two-bedroom home with 15+ ft ceilings and numerous windows and skylights. Web# 1844053.

BRIGHT AND AIRY SEAPORT GEM | 117 BEEKMAN STREET, PH 7A $2,950,000 | This two-bedroom penthouse offers a grand living space that is flooded with light from thirteen windows. The 1,600 sf wraparound terrace offers East River, bridge, and seaport views. Web# 1885239.

RAPHAEL DE NIRO, Lic. Assoc. R.E. Broker THE DE NIRO TEAM at Douglas Elliman Real Estate | O: 212.460.0655 | thedeniroteam@elliman.com

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FULL-FLOOR LUXURY LOFTS | 738 BROADWAY, PH | $6,250,000 Centrally located in NoHo, the three full-floor lofts at 738 Broadway are a triumphant example of classic cast-iron architecture skillfully reimagined for modern luxury living. Web# 1842597.

A MOST EXCEPTIONAL PENTHOUSE | 158 MERCER, PHM | $37,500,000 Atop the full-service New Museum Building on SoHo’s most desirable cobbled block sits an incomparable trophy duplex penthouse offering every imaginable convenience and luxury. Web# 1773001.

FULL-SERVICE LUXURY | 40 BROAD STREET, 22E | $1,295,000 This gorgeous one-bedroom, two-bath home features a separate home office, all with the added luxury of The Setai Wall Street building’s hotel-quality service and amenities. Web# 1885079.

SPRAWLING FLATIRON CO-OP | 38 WEST 26TH STREET, 7B | $4,895,000 A spectacular and intelligently designed 3,000 sf half-floor residence boasts sixteen oversized windows and 11 ft 5 in ceilings, creating a bright, open, and airy atmosphere. Web# 1815629.

RAPHAEL DE NIRO, Lic. Assoc. R.E. Broker THE DE NIRO TEAM at Douglas Elliman Real Estate | O: 212.460.0655 | thedeniroteam@elliman.com

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ELEGANT ONE-BEDROOM ON BANK STREET | 100 BANK STREET, 1A | $799,000 Fantastic opportunity to live on Bank Street, a favorite street in Historic Greenwich Village West. Spacious one-bedroom home with beautiful details, large windows, west and south light, plenty of closet space, and an enormous bedroom. Web# 1749789. Lida Drummond, O: 212.965.6039, C: 917.673.7072

AIRY WEST VILLAGE GEM | 344 WEST 12TH STREET, 3G | $675,000 South-facing one-bedroom has an airy living room with wood-burning fireplace, efficient kitchen, and great closet space. Featuring many prewar details, located on a cobblestone block in an elevator, pet-friendly building with roof deck. Web# 1886077. Daniela Kunen, O: 212.891.7611; Courtney Rosenthal, O: 212.891.7665

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RICHARD MEIER GLASS LOFT | 176 PERRY, 3RD FLOOR | $14,950,000 Full-floor loft in Pritzker Prize-winning architect Richard Meier’s South Tower. Great room with 10 ft glass windows showcasing 44 ft of expansive views of the Hudson River & skyline. Stainless steel chef’s kitchen with oversized island and appliances by Viking. Master bedroom with an en suite bath and separate shower, soaking tub, water closet, and dressing room. A media room, two secondary bedrooms each with en suite baths, powder room with stall shower, and staff quarters with full bath and laundry room complete the residence. Room service provided by Jean-Georges Vongerichten’s Perry Street. Web# 1864067.

DENNIS MANGONE, Lic. Assoc. R.E. Broker | O: 212.418.2060 | dennis@elliman.com MADELINE HULT ELGHANAYAN, Lic. Assoc. R.E. Broker | O: 212.418.2028 | mhult@elliman.com KIRK RUNDHAUG, Lic. R.E. Salesperson | O: 212.418.2052 | krundhaug@elliman.com ASKELLIMAN.COM

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7 WOOSTER STREET, PH | $6,995,000 This iconic penthouse loft in SoHo boasts an interior that is equally as magnificent as the exterior with approximately 2,400 sf of outdoor space. Web# 1869390.

27 HOWARD STREET, 2 | $3,795,000 Rare and authentic 2,000 sf full-floor loft with over 13 ft ceilings, two bedrooms and two baths, located on the cross section where Howard meets Crosby Street. Web# 1897288.

JARED SELIGMAN, Lic. Assoc. R.E. Broker | O: 212.891.7104 | jared.seligman@elliman.com

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WEST VILLAGE TOWNHOUSE | 1 MORTON SQUARE, TOWNHOUSE 4 | $7,998,000 Pristine, polished, impeccable. Stunning and sprawling West Village four-bedroom, four-and-one-half-bath, full-service doorman duplex with guest floor and elevator. Web# 1911049.

RIVERFRONT AT MORTON SQUARE | 1 MORTON SQUARE, 4DW | $3,895,000 Direct open riverfront at Morton Square. Views for miles and miles from this truly spectacular, convertible three-bedroom, two-and-one-half-bath West Village condominium. Web# 1908460.

THE DARREN SUKENIK TEAM at Douglas Elliman Real Estate DARREN SUKENIK, Lic. Assoc. R.E. Broker | O: 212.727.6111 | thesukenikteam@elliman.com

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TRIBECA | 55 WARREN STREET, PH | $15,000,000 Stunning and rare, this impeccably designed duplex penthouse loft at 55 Warren presents nearly 6,000 sf of luxurious, light-filled living space, plus over 1,300 sf of private outdoor space with an endless swimming pool. Brought to life by world-renowned designer Leopoldo Rosati in collaboration with OCV Architects, every detail of the living experience — both aesthetic and functional — has been thoughtfully considered and taken to a new level of artistry. Web# 1931033.

ROBERT DVORIN, Lic. Assoc. R.E. Broker | O: 212.460.0621 | C: 917.365.0040 | rdvorin@elliman.com

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ULTIMATE GLASS LUXURY TWO-BEDROOM | ONE YORK STREET, 9B | PRICE UPON REQUEST Located in the epicenter of SoHo and TriBeCa, this ultra luxurious dream home is in the glass tower of Enrique Norton’s boutique condo One York. Enjoy two bedrooms and two-and-one-half baths with 66+ feet of floor-to-ceiling glass windows as well as a terrace. Web# 1866151.

JANNA RASKOPF, Lic. R.E. Salesperson | O: 212.319.5434 | C: 917.207.7364 | janna.raskopf@elliman.com

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SPEAKS VOLUMES | 47 WALKER SREET, 2B | $2,425,000 This newly renovated 1,830 sf home boasts 13.5 ft ceilings, two large bedrooms, two full baths, Wolfe cooktop, Viking oven, Miele dishwasher, and original detail. Maintenance: $1,080. Web# 1897376.

TRIBECA JEWELBOX — NUANCED BEAUTY | 47 WALKER STREET, 3A $2,075,000 | This amazingly crafted 1,350 sf loft is as much curated as it is renovated. 12 ft ceilings, 4 ft by 10 ft original leaded windows. Viking range, Miele dishwasher, Sub-Zero fridge, central A/C. Maintenance: $1,090. Web# 1879793.

CHELSEA CONDO GARDEN DUPLEX | 130 WEST 19TH STREET, THA $2,000,000 | This 1,374 sf two-story condo at the elegant Chelsea House features a large open layout with a garden balcony, high ceilings, tons of closets, and a chef’s kitchen. 24-hour concierge. Web# 1852461. Co-exclusive: Shawn Williams O: 212.321.7120

PRIME GREENWICH VILLAGE STEAL | 50 EAST 8TH STREET, 3T $850,000 | At 950 sf, this beautiful two-bedroom apartment features winged bedrooms, hardwood flooring, south, north and western exposures, built out closets, plus a windowed marble bathroom with a Jacuzzi. Live-in Super. Maintenance includes all utilities. Web# 1877968.

ROB GROSS, Lic. Assoc. R.E. Broker | O: 212.727.6130 | C: 917.686.4985 | rgross@elliman.com

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WORLD CLASS PENTHOUSE | 177 NINTH AVENUE, PHA | $16,000,000 The incomparable Southwest Penthouse at Chelsea Enclave, 3,400 sf of tranquil living surrounded by two vast terraces, three to four bedrooms, three-and-one-half baths in full-service condop. Web# 1755403.

JAN HASHEY, Lic. Assoc. R.E. Broker | O: 212.206.2804 | jhashey@elliman.com STEVE HALPRIN, Lic. Assoc. R.E. Broker | O: 212.206.2803 | shalprin@elliman.com

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TIMELESS ELEGANCE IN PRIZED MADISON PARK | 15 EAST 26TH STREET, 11E/12G | $4,695,000 | $475,000/MONTH Located in the heart of Gramercy, this elegant, loft-like three-bedroom, three-bath in a magnificent neoclassical building sits directly across from Madison Square Park. Web# 1922659.

LOCATED IN THE HEART OF THE WEST VILLAGE | 41 SEVENTH AVENUE, 3 | $2,499,999 A dynamic floor-to-ceiling glass residence offered in this coveted ground-up new construction condominium in the West Village. Web# 1910901.

FRANCES KATZEN, Lic. Assoc. R.E. Broker | O: 212.350.8575 | fkatzen@elliman.com

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TRIPLE MINT UES TOWNHOUSE | 14 EAST 95TH STREET | $16,995,000 Triple mint limestone elevator townhouse, just off Central Park. Five bedrooms, five-and-one-half baths, south-facing garden, two terraces, and roof deck. State-of-theart building systems and exquisite finishes. Unusually bright, open, and airy. Web# 1798198. Joan Swift, O: 212.702.4039, C: 917.991.1590, jswift@elliman.com

TREADWELL FARM TOWNHOUSE | EAST 62ND STREET | PRICE UPON REQUEST First time offered in 40 years! Single family with graciously proportioned rooms on four floors plus full basement, built 19 ft by 48 ft on 100 ft lot with additional FAR. Not landmarked, but retains original character in the French Second Empire style. Web# 1749766. Richard Balzano, O: 212.488.8646, C: 917.449.0181, rbalzano@elliman.com

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QUINTESSENTIAL VILLAGE TREASURE | 112 WEST 13TH STREET | $12,000,000 Charm and character dominate this five-story Greek Revival townhouse, 20 ft wide, with extension on three floors, on attractive Gold Coast block. Bay windows and two terraces overlook lush garden with shrubs and mature trees. Rooftop deck, above fifth floor skylit artist studio, offers Empire State views. Not to be missed. Web# 1897296.

ABIGAIL AGRANAT, Lic. Assoc. R.E. Broker | O: 212.206.2802 | C: 917.304.5076 | aagranat@elliman.com

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TOW NHOUSE

Virtually Staged

HANDCRAFTED TOWNHOUSE BEAUTY | 325 DEGRAW STREET | $6,500,000 The light house at 325 Degraw is a dynamic, specially crafted 25-ft-wide manse in prime Cobble Hill. Five bedrooms and approximately 5,800 sf. Lovingly built and amazing in every way. Web# 1767663.

ROB GROSS, Lic. Assoc. R.E. Broker | O: 212.727.6130 | C: 917.686.4985 | rgross@elliman.com GREG WILLIAMSON, Lic. R.E. Salesperson | O: 212.712.6057 | C: 718.490.6519 | gwilliamson@elliman.com

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TRIPLE MINT BEEKMAN MANSION | 414 EAST 50TH STREET | $7,985,000 Five bedrooms, four bathrooms, two powder rooms, and an elevator. No expense was spared during the extensive renovation, which resulted in a masterpiece of 4,775 sf living space over five floors. Landscaped garden. Web# 1892551.

TONI HABER, Lic. Assoc. R.E. Broker | O: 212.891.7702 | toni@elliman.com

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MAGNIFICENT TOWNHOUSE | 48 EAST 81ST STREET | $23,000,000 This spectacular, five-story townhouse is a rare find, offering the stately elegance of a classic Upper East Side mansion coupled with a sense of modern sophistication and state-of-the-art systems associated with new construction. Web# 1656223.

ALLISON CHALFIN, Lic. R.E. Salesperson | O: 212.891.7012 | allison.chalfin@elliman.com SABRINA SALTIEL, Lic. Assoc. R.E. Broker | O: 212.350.2205 | C: 917.626.2866 | ssaltiel@elliman.com

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CLASSIC LENOX HILL MASTERPIECE | 132 EAST 62ND STREET $75,000/MO | $22,000,000 | Historic elevator brownstone with five bedrooms and six-and-one-half baths. Built by renowned architect John Sexton. Intricate architectural details, marble flooring, chef’s kitchen, den, library, dining room, and fireplace. Web# 1784889. Oren Alexander, O: 212.350.8561; Tal Alexander, O: 212.350.8541

LUXURY WITH CENTRAL PARK VIEWS | 27 WEST 72ND STREET, 1010 $32,500/MO | Remarkable unit with dedicated terraces. Central Park and Hudson River views. Eat-in kitchen, custom Italian cabinetry, Sub-Zero/Miele appliances. Radiant floor heating. In-unit laundry room. Full service, dining room, playroom, cold storage, gym. Web# 1639916. Liza Nematnejad, O: 212.418.2003, C: 516.526.4001

DRAMATIC TRIBECA LOFT | 71 FRANKLIN STREET, 2ND FLOOR $14,995/MO | Three bedrooms, two baths, 2,100 sf. Keyed elevator. Sophisticated luxury: 16 ft ceilings, enormous arched windows, Chef’s kitchen. Marble master bath with double vanity. Jacuzzi. Maple floors. Custom woodwork throughout. Appointed laundry room. Web# 1879826. Joseph Healy, O: 212.965.6097, C: 646.351.2047

HUGE UNIT WITH ICONIC CITY VIEW | 418 EAST 59TH STREET, 29B $9,000/MO | Spectacular panoramic review and iconic city views. Sun-filled and 9 ft ceilings. Marble entry. Renovated gourmet kitchen with Sub-Zero appliances, dedicated balcony, in-unit Bosch W/D, 24-hour doorman, gym, and adjacent garage. Web# 1895939. Pamela Nichols, O: 212.350.2232; Jason Stojkovic, O: 212.303.5226

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RENTALS

MODERN CORNER UNIT WITH VIEWS | 635 WEST 42ND STREET, 33F $5,700/MO | Two-bedroom, two-bath, 1,024 sf unit. Triple exposure. Empire State Building views. Floor-to-ceiling windows. Open kitchen. Bosch/Sub-Zero appliances. F/S, gym, pool, basketball court, roof lounge, playroom, complimentary shuttle. Web# 1842013. Scott Boyd, O: 212.891.7121; Samuel Chang, O: 212.460.0624

PRIME REAL ESTATE MODERN | 133 WEST 22ND STREET, 5D $6,000/MO | One of the best new boutique full-service condos. This huge, mint, south-facing one-bedroom, one-and-a-half-bath home has floor-to-ceiling windows, walk-in closet, washer/dryer. The kitchen is by Ital Kitchen. Building has a pool, deck, gym, sauna, and garage. Web# 1628419. Jason Tames, O: 212.350.8590

GREENWICH VILLAGE PREWAR GEM | 290 SIXTH AVENUE, 5H $4,995/MO | Spacious 800 sf, one-bedroom, one-bath in the heart of Greenwich Village. Triple exposure: southern, eastern, northern. New hardwood floors. Abundant amount of closets. Huge entry foyer. Windowed kitchen and bath. Bike room. Pet-friendly. Prime location. Web# 1842198. Simona Stanica, O: 212.350.8571

HISTORIC HARLEM TOWNHOUSE | 30 WEST 123RD STREET, A $4,995/MO | Three bedrooms, two-and-one-half baths. Stunning 1884 Queen Anne Townhouse with 13 ft ceilings. Prewar charm. Southern exposure. Landscaped garden. Loft-like entertainment room. Top-of-the-line appliances. In-unit W/D. Walnut floors. Central heat and A/C. Web# 1774011. Esther Patten, O: 212.352.6204, C: 917.515.7436

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JANE’S CAROUSEL BROOKLYN BRIDGE PARK

Jane’s Carousel, a sparklingly restored 1922 classic with 48 elaborately carved wooden horses, began offering rides to the public in Brooklyn Bridge Park in 2011. It has become a destination for funseekers young and old.

Photograph by © Mitchell Funk/Photographer's Choice/Getty Images


BROOKLYN


WHAT’S NEW AT THE YARD FIRST BARBARY PIRATES, NOW GREEN MANUFACTURING: THE BROOKLYN NAVY YARD COMES ALIVE, AGAIN

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Story and photographs by JOSHUA LEVINE


HERE IS WHAT BROOKLYN NAVY YARD IS NOT: A NAVY YARD. It started as a very ambitious one in 1801, commissioned by President John Adams. The Brooklyn Navy Yard helped the new nation assert its independence and crush Barbary pirates on the shores of Tripoli. During World War II, 70,000 New Yorkers at the yard furiously built and repaired thousands of ships, including some of the world’s largest. According to the Brooklyn Navy Yard Development Corporation (BNYDC), which now operates the city-owned property, the Yard, or BNY, as it is also known, had operated as the nation’s oldest manufacturing site before it was decommissioned in 1966. Then it sat empty for years. Here’s what it is today: Home to a collection of entrepreneurs, artists and tech companies. The site of an incubator (now under construction) for aspiring creatives and manufacturing visionaries. Home to a rooftop farm, a full-blown movie studio and a distillery. A place where artisans are creating the lamps, chandeliers, furniture and artwork that grace homes in New York City and beyond. It is even an apiary. There are more than thirty beehives on the 300-acre yard, whose iron fences abut the neighborhoods of BedfordStuyvesant, Vinegar Hill, Fort Greene and Williamsburg. “When a new queen is born, the whole colony splits in half,” says Max Rota, the manager of a café overlooking the main apiary. “A good section of that green roof gets covered in bees." (Beekeepers manage the process.) “They wait to see which hive the new queen will go into,” Rota says, pointing toward a rooftop one building over. The bees are busy—even for bees—because they are tasked with pollinating the mint, peppers, sunflowers, kale and tomatoes growing there. That’s because the Brooklyn Navy Yard is something else, too: home to the world’s largest rooftop farm. Partly funded by a $600,000 grant from the Department of Environmental Protection, the 65,000-square-foot green roof, located atop a twelve-story building and run by a company called Brooklyn Grange, relieves the Red Hook sewage-treatment system of a million gallons of rain runoff per year. Together with another rooftop field of equal size located a few industrial complexes over, it supplies 60,000 pounds of produce annually to local restaurants.

Brooklyn Grange Rooftop Farm

JUST AS THE YARD IS MORE THAN ONE THING, it’s on more than one mission. For example, the BNYDC leases out 3.5 million square feet of space to businesses that support some 7,000 jobs, a number that is expected to double within the next five years, according to senior vice president Shani Leibowitz. The range of tenants is impressive. Among them is Crye Precision, one of BNY’s biggest employers, which makes body armor and clothing for the federal government. Another is FC+ Skanska Modular, hired to create the nearby Atlantic Yard’s thirty-two-story “world's tallest modular building.” There are the sleek offices of the Hispanic Information and Telecommunications Network, which produces educational and entertainment programming. There’s also a 286-megawatt gas-fired power plant on-site. And the popular luxury shopping site gilt.com houses its creative department and photo studio at BNY.

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ine-art painter Sarah Hinckley, represented by Manhattan gallery DM Contemporary NYC, has been working out of Building 280 since 1990. Pratt-trained sculptor Nadia Belalia makes cocoon-shaped lamps and sconces out of kitchen scrubbers and colanders. And there is Agger Fish Corporation, which sells skate wings, monkfish and sand sharks caught by East Coast fishermen to Europe and Asia. Manager Marc Agger claims to offer the “freshest fish from boat to plate,” because “we have the best air service in the world, [from] JFK, and great ports.” As one tours the curiously serene, if confusing, industrial campus (which is accessible through daily tours and events; see sidebar), one meets a collection of New Yorkers excited to operate out of a place big enough for their ambitions and passions. Robert Ferraroni runs Ferra Designs, a precision architectural metal fabricator serving Manhattan and Hamptons residences, and businesses such as Calvin Klein and Barneys. “Thanks so much for coming by. I never get visitors. I’m around welders,” he offers in wry Brooklynese, gesturing to a few gritty men covered in metal dust. Ferraroni says he and partner Jeff Kahn appreciate the proximity to other artisans and to the high ceilings of TriBeCa that cry for their chandeliers.

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Up some stairs and in the corner of a shared warehouse space called New Lab Beta is Matt Tyson, an industrial engineer and co-creator of Modos, “a tool-free, reconfigurable furniture system that’s elegant and ecological.” He says the furniture is so easy to assemble, couples will bond, not bicker, when putting the pieces together. Is the Navy Yard location working for Modos? “Yes! Lots of great brains here at New Lab, with access to a laser-cutter, 3-D printer and wood shop. Plus there’s the chance to do business in Brooklyn instead of overseas.” The Yard is also the home of RockPaperRobot, which “transforms traditionally static furniture into responsive objects using innovative engineering techniques and artisanal craftsmanship,” according to founder Jessica Banks, a roboticist and product designer. It happens to be the site of the largest sound stage on the East Coast, too: the 580,000-square-foot Steiner Studios. The facility—where Boardwalk Empire, The Taking of Pelham 1 2 3, Burn After Reading, Gotham and dozens of other movie and TV productions have been made—was set up in 2004 in a 26-acre enclave. Steiner plans to add a media hub next. And the Yard is home to a whiskey maker, too: Kings County Distillery, which claims to be New York City’s oldest, founded in 2010.

Above: a lateafternoon bike tour of the Yard. Right page, clockwise from top left: at the visitor’s center in Building 92, a display of items made at the Yard and photos of current workers; lamp designer and sculptor Nadia Belalia; fineart painter Sarah Hinckley in her studio; the defunct Naval Hospital, where naval surgeon E.R. Squibb perfected the manufacture of ether in 1854; a metal cutter at Ferra Designs; Brooklyn Grange hot sauce for sale in the visitor’s center.


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VISITING THE YARD Building 92 (bldg92.org), BNY’s public face at 63 Flushing Ave., offers tours and exhibitions, a café, an employment center (2,500 hired to date) and a museum. Parking is free for those taking a tour or with an appointment; it’s a block away on Park Avenue under the Brooklyn-Queens Expressway. Tours include: TURNSTILE TOURS (turnstiletours.com) hosts historicaland ecological-themed tours by bike, by bus and on foot. KINGS COUNTY DISTILLERY (kingscountydistillery.com) has tours and tastings every Saturday. THE BROOKLYN GRANGE ROOFTOP FARM (brooklyngrangefarm.com/upcoming) offers lectures, yoga classes and tastings. Its 2.1-acre field can be rented for events and parties.

he aging Brooklyn Navy Yard just made it onto the National Register of Historic Places. Still, the place, so rich in history, seems obsessed with the future. The corporation’s mission statement includes a vow to “establish the Yard as an attractive location for socially responsible and techdriven companies.” Perhaps unlikely for a setting anchored in naval industrial history, the place has committed to green building standards and to offsetting the Yard’s environmental footprint. In the Navy Yard’s vision, New Lab Alpha, under construction, is a crown jewel: an 84,000-square-foot high-tech design and prototyping center that aims to be a national model for sustainable industrial parks, according to BNYDC. It will be housed in the Yard's Green Manufacturing Center, which is being built and powered sustainably. The idea is to attract entrepreneurs and educators who want to create in an incubation environment. Another jewel is the glass-sheathed, 60,000-square-foot Duggal Greenhouse, posing as a temple of environmental awareness, celebrating form and function. Christian Dior has shown in the cavernous space, and Beyoncé has rehearsed there. It also performs more pedestrian functions for one of the Navy Yard's largest tenants, Duggal Visual Solutions, with seven buildings and 320 workers on-site. Its founder is Baldev Duggal, who has operated a leading graphics business for 50 years. “In 2008 I saw Al Gore’s [An] Inconvenient Truth,” he says. “If we wait and see [on climate change], we’ll be screwed. So I eat, drink and sleep this now.” Duggal runs his company Lumi-Solair here; the firm offers a line of solar-powered outdoor lights and has customers in Africa and South America. Next in his sights? “Helping large, existing office buildings save money by going green,” he says. It will be called Lumi Ventures, and Dutch giant Phillips is a partner. “Brooklyn Navy Yard is a great place to try new things,” Duggal continues. “We want to make it a showplace for renewable energy. New York is the city that made me what I am. It’s payback time.” Take enough talented and interesting people, throw them together, combine some city resources, decent leases and a vision. What do you get? Time will tell, but one thing’s for sure: Something big is happening at the Brooklyn Navy Yard.

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2Q-2014

Co-op, Condo & 1-3 Family Sales

BROOKLYN PRICES UP

ABSORPTION RATE DOWN

4.5 15.8 %

Median sales price this quarter was $575,000, as compared to $550,000 in the prior year quarter.

TOTAL CLOSED SALES UP

%

At the current rate of sales, it would take 6.4 months to sell existing inventory, as compared to 7.6 months in the prior year quarter. An decrease in absorption rate indicates a faster market pace.

INVENTORY DOWN

12.5 5.9 %

There were 2,086 sales this quarter, an increase of 231 sales from the same quarter last year.

LESS DAYS ON MARKET

%

There were 4,426 listings this quarter as compared to 4,704 listings in the prior year quarter.

NEGOTIABILITY UP

37 0.9

DAYS FASTER

Days on market this quarter was 109 days, as compared to 146 days in the prior year quarter.

%

Listing discount is the % difference between the list price at time of sale and the sales price. An increase in listing discount reflects greater negotiability by sellers. The listing discount was 1.0% this quarter, as compared to 0.1% in the prior year quarter.

Data Provided by Miller Samuel Inc. Appraisal and Consulting Services


BROOKLYN

EXQUISITE PARK SLOPE MANSION | 45 MONTGOMERY PLACE | $14,000,000 This unparalleled mansion presents the rare opportunity to own a residence of incredible caliber and size in an ideal Park Slope location. Web# 1640847.

RAPHAEL DE NIRO, Lic. Assoc. R.E. Broker THE DE NIRO TEAM at Douglas Elliman Real Estate | O: 212.460.0655 | thedeniroteam@elliman.com

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BROOKLYN

MULTI-FAMILY TOWNHOUSE | 2ND STREET | $13,000,000 Offering an unprecedented union of scale, outdoor space, and location, this magnificent Park Slope limestone encompasses approx. 7,670 sf of living space. Web# 1860097. Alexander Maroni, O: 917.704.3102

THE GRETSCH BUILDING CONDO | 60 BROADWAY, 10CD | $6,500,000 The Gretsch condominium creates a spectacular loft with a seamless merge of two apartments with three-bedroom, two-and-one-half-bath each. Web# 1672030. Arina Yakobi, O: 212.712.2655, C: 917.670.5399

Virtually Staged

BASK IN THE VIEWS OF MANHATTAN | 189 BRIDGE STREET, PH $5,500,000 | Located in a burgeoning section of Brooklyn, this five-bedroom, five-bath stunner boasts floor-to-ceiling windows, five balconies, and four terraces. Web# 1809417. Jordan Hoch, O: 212.769.9857; Elise Tang, O: 212.362.9600

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LUXURY PENTHOUSE CONDO | 72 POPLAR STREET, PH | $3,995,000 This landmark Italian Renaissance revival-style building presents a spectacular penthouse, featuring over 2,000 sf of private outdoor space, spacious luxury interior layout, and views. Web# 1804317. Gregory Williamson, O: 212.712.6057 Rob Gross, O: 212.727.6130


BROOKLYN

MULTI-FAMILY TOWNHOUSE | 8 4TH PLACE | $2,999,000 Move right into this classic Carroll Gardens single-family townhouse and not have to lift a finger. Renovations were just completed in this seven-bedroom, three-and-onehalf-bath home. Web# 1877031. Maureen Hogan, O: 718.780.8132 Jeffrey Block, O: 718.780.8107

DREAM LOFT | 190 WEST STREET, 7 | $2,800,000 Rare and amazing loft comes with 3,625 sf of brilliantly laid out, visually dramatic, yet peaceful, living space. Web# 1622417. Deborah Straubinger, O: 212.460.0679 Maryam (Zadeh) Akhavizadeh, O: 212.460.0620

ST. JOHN’S CONDOMINIUM PENTHOUSE | 259 21ST STREET, 4B $2,899,000 | Introducing a staggering 3,200 sf living space, sweeping views of Manhattan and the harbor, private parking, private terrace, and extraordinary custom finishes. Web# 1834277. Alexander Maroni, O: 917.704.3102

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BROOKLYN

FANTASTIC INVESTMENT OPPORTUNITY | 185 SACKETT STREET $2,695,000 | Newly renovated four-unit mixed-use brick townhouse on a treelined block in Carroll Gardens. Web# 1847172. Stephanie O’Brien, O: 718.486.4457 Jessica Peters, O: 718.486.4429

LAVISH TOWNHOUSE PROPERTY | 358 GATES AVENUE | $1,999,000 This exquisite four-story, two-family brownstone encompasses luxury and comfort. The triplex offers four-plus bedrooms, three-and-one-half baths, chef’s kitchen, a glass solarium, and deck. Web# 1834277. Alexander Maroni, O: 917.704.3102

MULTI-FAMILY PREWAR | 141 LEFFERTS PLACE | $1,779,000 Immured in a tranquil tree-lined block, this four-bedroom, five-bath multi-family townhouse includes a garden and parlor level, four wood-burning fireplaces, and a sunken cellar. Web# 1863457. Andrea Dey, O: 212.337.6142, C: 646.807.9820

QUEEN ANNE MANSION RESTORED | 252 GATES AVENUE, 1 | $1,899,000 This grand parlor/garden duplex home offers an incredible 2,273 sf of interior space on two levels. Web# 1789645. Alexander Maroni, O: 347.381.4149, C: 917.704.3102

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BROOKLYN

ONE-OF-A-KIND CONDOMINIUM | 94 JORALEMON STREET, 3 $1,750,000 | Located on a quiet tree-lined street in Brooklyn Heights historic district, this wonderful home is close to Brooklyn Bridge Park. Web# 1867138. Lauren Gottlieb, O: 718.780.8141

LOVELY FOUR-STORY TOWNHOUSE | 143 CLIFTON PLACE | $1,795,000 Be the lucky person who gets to live in this stunning house with its magnificent and huge perennial garden. Web# 1883320. Kathleen Perkins, O: 347.381.4160

MAGNIFICENT 4-STORY BROWNSTONE | 688 GREENE AVENUE $1,649,000 | This magnificent four-story, 20-ft-wide, three-family brownstone has been immaculately restored and is ideally located on one of the best blocks in Bed-Stuy. Web# 1859049. Alexander Maroni, O: 347.381.4149, C: 917.704.3102

GORGEOUS AUTHENTIC LOFT | THE MILL BUILDING 85 NORTH 3RD STREET, 413 | $1,740,000 | Currently configured as a sprawling 1,747 sf open loft; easily create the layout of your dreams. The rest has already been done! Web# 1717788. Wesley Stanton, O: 212.362.9600 Jordan Hoch, O: 212.769.9857

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BROOKLYN

Virtually Staged

TWO-FAMILY HOME | 1058 STERLING PLACE | $1,500,000 Large historic brick two-family home for sale. This home is currently configured as an owners’ triplex with a private garden and two spare units on the upper two floors. Web# 1862417. Sima Denebeim, O: 718.780.8158; Mordechai Werde O: 718.780.8156

NEW AT THE SWEENEY BUILDING | 30 MAIN STREET, 6E | $1,400,000 This spacious loft apartment in a full-service prewar condominium gives you front-row access to the ever-expanding Brooklyn Bridge Park. Web# 1864621. Matt Holbein, O: 212.727.6186; Katherine Camp, O: 212.727.6184

VISTA ON VINEGAR HILL | 206 FRONT STREET, 6C | $1,250,000 This two-bedroom, two-bath condo offers wide plank maple wood floors throughout, large open kitchen, Nero Impala counter tops, walnut cabinets, Viking gas range, and Sub-Zero refrigerator. Web# 1847328. Frank Arends, O: 212.727.6169; Daniela Zakarya, O: 516.428.8568

LUXURY DUPLEX AT THE EDGE | 34 NORTH 7TH STREET, 5K $1,211,000 | This luxury double-height Williamsburg duplex loft offers space, light, and all that the waterfront has to offer. Web# 1738654. Ralph Modica, O: 212.488.8622; Michael Breen, O: 212.488.8652

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BROOKLYN

SUN DRENCHED STUNNER | 149 SKILLMAN AVENUE, UNIT 4B $1,245,000 | With arching 16 ft floor-to-ceiling windows, natural light sweeps this stunning two-bedroom, two-bath condo in East Williamsburg. Web# 1837323. Jessica Peters, O: 718.486.4429; Stephanie O’Brien, O: 718.486.4457

CONTEMPORARY MULTI-FAMILY TOWNHOUSE | 1501 DEAN STREET $1,195,000 | This newly built 3,000 sf home is configured as a two-family home with owners’ triplex including two roof decks and a duplex with a private garden. Web# 1736611. Stephanie O’Brien, O: 718.486.4457; Jessica Peters, O: 718.486.4429

BOUTIQUE CONDO | 655 FRANKLIN AVENUE, 1R | $1,025,000 High ceilings and oversized windows allow for exceptional natural light. Features beautiful oak floors and brushed stainless steel kitchen aid appliances. Web# 1846990. Jessica Peters, O: 718.486.4429; Stephanie O’Brien, O: 718.486.4457

BRIGHT AND AIRY PENTHOUSE | 432 GRAND STREET, UNIT 502 $1,195,000 | This two-bedroom, two-bath penthouse with two private outdoor spaces is a rare find in prime Williamsburg. Web# 1871988. Gabriel Greenberg O: 718.486.4455; Damon Bodine, O: 718.486.4458

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LOCALS SURF SCHOOL BEACH 67 TH STREET, ROCKAWAY BEACH 90

DOUGLAS ELLIMAN

Locals Surf School proves Rockaway Beach is a perfect place to learn to catch a wave. Its seasoned instructors teach would-be surfers as young as age five the fine art of wave riding.


Photograph by Bryce Pincham/Stone/Getty Images

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AMAZING EATS By JOSHUA LEVINE Photographs by JOSH LEVINE & JONNY VALIANT

92

QUEENS IS FOODIE HEAVEN, BUT GETTING TWO OF THEM TO AGREE ON WHERE YOU’LL FIND THE ABSOLUTE BEST FOOD IN THE BOROUGH CAN BE A DIFFICULT TASK. SO WE WENT TO THE EXPERTS AT TASTING TABLE FOR THEIR TOP PICKS DOUGLAS ELLIMAN


Rockaway Taco co-owner Andrew Field.

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and the delicate durian pastries! Plump shrimp dumplings set the bar for all competitors. Cucumber and cilantro salad is cooling and understated, and vegetable buns are packed with flavor. BEST BAKERY

Artopolis

Go to Grand Restaurant for eager service, ritzy decor and the freshest dim sum this side of Guangzhou.

BEST KOREAN BARBECUE

Mapo Korean B.B.Q.

149-24 41st Ave., Flushing; 718-886-8292 Flushing’s best Asian restaurants are either hidden inside malls or fronting the street. Mapo Korean B.B.Q. falls into the latter group: Look for the building-size pictures of glistening mapo kalbi (marinated boneless beef ribs). While this succulent dish, barbecued over wood charcoal at your table, is a crowd-pleaser, the nakhi dolsot—rice and marinated octopus served in a hot stone pot—is so good that even a picky teenager

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might relish it. Where does that crunch come from? “Very secret,” the waitress says, winking. Buckwheat noodle bowls, pickled condiments and autumn acorn jelly also hit the spot. BEST DUMPLINGS

Nan Xiang Xiao Long Bao

38-12 Prince St., Flushing; 718-321-3838 Master magicians or gifted artists? You’ll be giving the crab- and pork-dumpling makers behind the glass a second look after biting into one of Long Bao’s little gems, which are steamed and filled with light, sweet soup. Dumplings are the reason this downtown Flushing eatery is famous. On an early fall weeknight, the twenty or so tables were filled with families and friends out for a cheap, heavenly nosh. Sleeper dishes include the Shanghai crispy noodles and the edamame, tofu and dried chili salad.

BEST DIM SUM

Grand Restaurant


40-21 Main St., 3rd floor Flushing; 718-321-8258 At this cavernous Guangzhou-style eating hall inside Flushing’s New World Mall, guests are greeted by seemingly competing maître d’s. The decor is a mash-up of Louis XIV and The Jetsons. Instead of prices, each of the dim sum dishes on the menu is designated M, L or XL. Nothing makes sense to the newcomer—except the utter delectability of every plate. Hurrah, beef balls— fluffy, peppery and sweet! Bravo to the mild grouperand-chive mini-cakes

23-18 31st St., Astoria 718-728-8484 Nothing changes at this marble-floored bakery, patisserie and café. Every year for Washington D.C.’s Euro Day, the Greek Embassy sends someone to Artopolis for boxes of the real thing, says coowner Regina Katopodis. “People ask, ‘What’s new around here, Regina?’ I say, ‘Nothing!’ Only the classics, from recipes from friends and family in Greece." Baklava here is nuanced, delicate and flaky; varieties include walnut and chocolate. Also try the melomakarona and kourabiedes cookies and a dense mini-doughnut called moustokouloura, made with grape must and perfect for dunking into milk or coffee. BEST TACOS

Rockaway Taco

95-19 Rockaway Beach Blvd., Rockaway 
 347-213-7466 Atop one of Rockaway Taco’s golden tortillas are four disks of crisp radish, shards of purple cabbage, guacamole, herbs and a


Photograph by Robert Caplin

From left: Lunch at M. Wells Dinette; pastries from Artopolis.

protein of your choosing. The fish taco is famous (the other choices are chorizo, meat and tofu). Co-owner Andrew Field makes Rockaway’s sauces with chilies and tomatillos from his rooftop garden. Meat comes from The Meat Hook, a Brooklyn butcher that sources from local farms. Every October, Rockaway Taco closes its doors until May. “Hurricane season,” explains Field, who heads to Mexico in search of warm water and big waves. BEST MUSEUM FOOD

M. Wells Dinette at MoMA PS1

22-25 Jackson Ave., Long Island City
 718-786-1800 Located inside a hundredyear-old redbrick Queens school building, M. Wells Dinette features student

desks and a chalkboard menu. The restaurant, run by Sarah Obraitis and her Quebecois husband, Hugue Dufour, changes constantly, like a gallery space. On a recent visit, roasted corn soup with cream and basil transcended. So did the line-caught Montauk tuna on a bed of cranberry beans—an anthem to the flavors of fresh, local food. BEST MEXICAN FOOD

Tortilleria Nixtamal

104-05 47th Ave., Corona; 718-699-2434 Expect the unexpected at this bright, inviting Mexican restaurant, situated on a tree-lined residential street, with a 10-foot-long tortilla machine at its core. We arrived just before the early-ish closing time (9 pm) and ordered the fresh corn tamales—get them

FOR MORE FOODIE TIPS, SEE TASTINGTABLE.COM

filled with mole chicken, chipotle pork and chicken; a combination of tomato, cheese and jalapeños; or even a dulce version with pineapple and raisins. Nixtamal makes its own corn tortilla using a special type of cornmeal prepared on site. The difference is profound—a fact attested to by the restaurant’s delivery list of ritzy clients. BEST GREEK FOOD

Gregory’s 26 Corner

26-02 23rd Ave., Astoria; 718-777-5511 Our strategy when we visited this cosy taverna was to pile our table high with appetizers and Greek beer. The waiter was an able conspirator. We started with a salad that contained some of the world’s best feta cheese. The tomatoes and cucumbers were remarkable too—even the onions were superb!

Other appetizer standouts: tzatziki (yogurt dip), taramosalata (caviar dip), tirokafteri (spicy cheese spread) and midia saganaki (mussels with fried feta in lemon). As for entrées, stuffed fillet of sole and shrimp ouzo were brilliant choices for their taste and authenticity. And don’t get us started on the octopus: chewy, garlicky and deep with flavors of the ocean and the grill. As good as the food is at Gregory’s, it’s the traditional feel, the outdoor tables on a warm evening and the happy customers that really make the place.

Rockaway Taco’s cheese and chilicrusted corn.

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2Q-2014

Co-op, Condo & 1-3 Family Sales

QUEENS PRICES DOWN

ABSORPTION RATE DOWN

9 1.3 %

Median sales price this quarter was $355,000, as compared to $390,000 in the prior year quarter.

TOTAL CLOSED SALES DOWN

%

At the current rate of sales, it would take 7.4 months to sell existing inventory, as compared to 7.5 months in the prior year quarter. An decrease in absorption rate indicates a faster market pace.

INVENTORY DOWN

3.6 5.3

%

%

There were 2,404 sales this quarter, a decrease of 89 sales from the same quarter last year.

LESS DAYS ON MARKET

4

DAYS FASTER

Days on market this quarter was 110 days, as compared to 114 days in the prior year quarter.

There were 5,892 listings this quarter, as compared to 6,225 listings in the prior year quarter.

NEGOTIABILITY DOWN

4.3

%

Listing discount is the % difference between the list price at time of sale and the sales price. An increase in listing discount reflects greater negotiability by sellers. The listing discount was 1.3% this quarter, as compared to 5.6% in the prior year quarter.

Data Provided by Miller Samuel Inc. Appraisal and Consulting Services


QUEENS

STUNNING VICTORIAN | WHITESTONE | $1,688,000 Exquisite ten-room Victorian with wraparound porch. Renovated inside and out seven years ago. Grand granite entry, four bedrooms + large room, designer kitchen, and bath with Victorian finishes, two fireplaces, beautiful hardwood floors, two-car garage, and large driveway. Web# 2691810. Maria Carr, O: 718.819.4025

TOUCH OF PARADISE | WHITESTONE | $1,850,000 Skylines, water and bridge views. Renovated magnificent spacious detached five-bedroom, two-and-one-half-bath Contemporary. Convenient to exclusive Whitestone Boosters Beach. Custom designed in-ground pool and patio paradise. Web# *1200247. Martha Milazzo, O: 718.819.4130, C: 917.582.8438

C: 917.567.6732; Lawrence Falabella, O: 718.819.4024, C: 917.642.2921

Belinda Chin-Woo, O: 718.819.4097, C: 646.256.4660

THE DOUGLAS MANOR | DOUGLASTON | $1,339,000 Excellent location in the Douglas Manor. One block to waterfront. Private pier, club house, and security. Updated electric wiring and plumbing. Top-of-the-line appliances, tankless hot water heater, radiant heat floor in the sunroom, sprinkler system. Web# 2648096. Diana Yip, O: 718.819.4020, C: 646.410.1133

MAGNIFICENT DUPLEX TOWNHOUSE | FOREST HILLS/REGO PARK | $1,499,000 Four-bedroom, three-bath co-op. Outdoor rooftop 2,000 sf facing Manhattan. No board approval required. Move right in. Fully renovated one-of-a-kind duplex, high ceilings, fireplace, living room, dining room, and kitchen filled with natural light. Web# 2697381. Olga Zakinova, O: 718.819.4049, C: 917.270.7584

Roman Dzhurayev, 917.913.3980

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BLUE HILL FARM AT STONE BARNS CENTER 630 BEDFORD ROAD, POCANTICO HILLS, NY 98

At Stone Barns Center for Food and Agriculture, a bucolic farm and education center in Pocantico Hills, NY, visitors can take a tour, learn about organic, sustainable farming and dine at its acclaimed partner restaurant, Blue Hill at Stone Barns.

Photograph by Dana Gallagher DOUGLAS ELLIMAN


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Escape the rat race for a day (or two): Sample farm-fresh fare at Blue Hill at Stone Barns restaurant (above) and find peace in the Japanese Stroll Garden (right).


DAY TRIPPING IN WESTCHESTER

ART AFICIONADO OR ANIMAL LOVER, HIKER OR HISTORIAN, GOURMET OR GOBLIN—THE COUNTY JUST NORTH OF NYC HAS SOMETHING FOR EVERYONE By JAMIE MALANOWSKI Photographs by DANA GALLAGHER

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BLUE HILL AT STONE BARNS 630 Bedford Rd. Pocantico Hills, NY 914-366-9600 bluehillfarm.com New York City may end at the Bronx’s northern border, but civilization doesn’t. Green and leafy Westchester County is the perfect place for a day trip, and metropolitan-area foodies know that there is currently no hotter restaurant in the region than Blue Hill at Stone Barns. Located on a former Rockefeller estate, it’s become the spiritual center of the farm-to-table movement, promoting consciousness about everyday food

1

“Inhabited” by Wennie Huang, at the Hammond Museum.

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choices. Diners receive no menus but instead are presented with multicourse feasts assembled from the finest seasonal ingredients. The result, says The New York Times, is “intensely pleasurable.” Dinner is $198 per person and reservations are essential. A more casual experience is available at the Blue Hill Café, which offers baked goods, lattes and other treats. Bonus: The restaurant is close to the Union Church of Pocantico Hills, which houses 10 breathtaking stainedglass windows—nine created by Marc Chagall and one by Henri Matisse.

HAMMOND MUSEUM & JAPANESE STROLL GARDEN 28 Deveau Rd. North Salem, NY 914-669-5033 hammondmuseum.org The county is rich with medium-size museums, the most distinctive of which is the Hammond Museum & Japanese Stroll Garden. Designed for contemplation and meditation, the museum was conceived by artist and designer Natalie Hays Hammond, who mixed native plants with Chinese and Japanese specimens and Asian art to help visitors “escape routine problems and obligations,” according to

2

Hammond’s literature, and “find peace in an unhurried journey through a stroll garden.” WARD POUND RIDGE RESERVATION 4 Reservation Rd. Pound Ridge, NY 914-864-7317; parks .westchestergov.com If not a stroll, perhaps a hike. Westchester is endowed with numerous parks and forests, notably the Ward Pound Ridge Reservation. At 4,315 acres, the park boasts miles of wooded trails that make it a popular year-round destination for picnickers, campers, bird-watchers and anglers.

3


Scenes of Westchester County, including the tranquil Japanese Stroll Garden (below), designed for quiet contemplation.

MUSCOOT FARM 51 New York 100 Katonah, NY 914-864-7282 muscootfarm.org Families love Muscoot Farm. Founded in 1880, the farm has been preserved to showcase the area’s agrarian history. Visitors can get close to animals, examine historic buildings, participate in educational programs and enjoy harvest festivals, farmers’ markets and other frequent special events.

4

SUNNYSIDE 3 W. Sunnyside Ln., Irvington, NY 914-631-8200 on weekdays, 914-591-8763 on weekends; hudsonvalley.org Westchester is Sleepy Hollow country, home of the Headless Horseman, and there is no better time to visit than the fall. Start at Washington Irving’s Sunnyside, the charming mid-19thcentury home of the author of The Legend of Sleepy Hollow.

5

CARAMOOR CENTER FOR MUSIC AND THE ARTS 149 Girdle Ridge Rd. Katonah, NY; 914-232-5035 caramoor.org Music fans shouldn’t miss this center, which has classical and jazz performances, tours and more. Beautiful when flowers bloom or fall leaves turn color, the 90-acre estate, with its Mediterranean-style villa, artwork and manicured gardens, provides a total sensory experience.

6

GREAT JACK O’LANTERN BLAZE 525 S. Riverside Ave. Croton-on-Hudson, NY hudsonvalley.org/ events/blaze Cap off the day with a visit to the Great Jack O’Lantern Blaze, where more than 5,000 handcarved, illuminated pumpkins light up the grounds of Van Cortland Manor in October and early November. This year the blaze includes a giant Headless Horseman.

7

Photograph by Tom Nycz

Left: Visiting at Halloween? Don’t miss the Great Jack O’Lantern Blaze—the eerie illuminations are sure to enchant. Far left: The cocktails at Blue Hill at Stone Barns are as fresh and inventive as what’s on the plate.

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2Q-2014

Co-op, Condo & 1-3 Family Sales

WESTCHESTER PRICES UP

ABSORPTION RATE UP

2.3 22 %

Median sales price this quarter was $490,000, as compared to $479,000 in the prior year quarter.

TOTAL CLOSED SALES DOWN

%

At the current rate of sales, it would take 10 months to sell existing inventory, as compared to 8.2 months in the prior year quarter. An increase in absorption rate indicates a slower market pace.

INVENTORY UP

15.4 3.5 %

There were 1,905 sales this quarter, a decrease of 346 sales from the same quarter last year.

LESS DAYS ON MARKET

%

There were 6,342 listings this quarter, as compared to 6,128 listings in the prior year quarter.

NEGOTIABILITY DOWN

78 6.3

DAYS FASTER

Days on market this quarter was 112 days, as compared to 190 days in the prior year quarter.

%

Listing discount is the % difference between the list price at time of sale and the sales price. An increase in listing discount reflects greater negotiability by sellers. The listing discount was 3.2% this quarter, as compared to 9.5% in the prior year quarter.

Data Provided by Miller Samuel Inc. Appraisal and Consulting Services


WESTCHESTER / PUTNAM COUNTY

EXTRAORDINARY LAKESIDE ESTATE | MONTICELLO | $13,500,000 Spectacular 45-acre estate situated on Swinging Bridge Lake. Resort-like property includes a 7,000 sf main residence, beautiful pool, hot tub and pool house with screened gazebo, tennis court, and 1,600 feet of lakefront complete with dock and boat. Web# 4422753. Erik Rhulen, O: 914.238.3988, C: 917.794.2557

ELEGANT YET UNDERSTATED ESTATE | PURCHASE | $7,250,000 Located in coveted estate area, this custom designed neoclassic Villa evokes the splendor of European architecture in a 2.14-acre setting of unrivaled natural beauty. Country club amenities include heated pool with spa, separate kiddy pool, cabana, and outdoor bar. Web# 4432140. Ellen Schwartz, O: 914.723.6800, C: 914.420.4615

WINDMILL FARM WATERFRONT | ARMONK | $4,795,000 Boasting many architectual details including extensive millwork, 5 fireplaces and stone patio, this 8,000+ sf 5-bedroom, 7 full/2 half-bath Colonial is set on 1.68 professionally landscaped lakefront acres. Lake views and access from social areas of the house. Web# 4408130. Lisa Koh, O: 914.273.1001, C: 914.772.6172

SLEEPY HOLLOW COUNTRY CLUB | SCARBOROUGH-ON-HUDSON | $3,575,000 Enjoy stunning Hudson River views from this 7,000+ sf brilliantly designed residence beautifully sited on the grounds of the Sleepy Hollow Country Club. 2+ acre setting is enhanced with stone walls, waterfall, plus meditation and entertaining areas. Web# 4430514. Dan Bucci, O: 914.238.3988, C: 845.507.2555

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WESTCHESTER / PUTNAM COUNTY

ARCHITECTURALLY UNIQUE | ARMONK | $2,795,000 Custom designed 7,800+ sf residence sited on 2.5 landscaped acres high above and overlooking the 13th hole of Whippoorwill Country Club. Superior materials and construction enhance this extraordinary Japanese style stone and stucco home. Web# 4413179. Susan DeFelice, O: 914.238.3988, C: 914.462.2284

GRAND ENCHANTMENT | BEDFORD HILLS | $2,695,000 Resplendent circa 1820 8-bedroom, 6-bath Colonial rebuilt and restored to its former old world splendor complete with today’s amenities including library, huge gourmet kitchen, huge media room plus indoor endless pool. 4 acres with inground pool. Web# 4405475. Frank Haymson, O: 914.234.4590, C: 914.649.2637

CHIC, ELEGANT, DISTINCTIVE | BRIARCLIFF MANOR | $2,150,000 Six park-like acres serve as the backdrop for this 5-bedroom, 5.5-bath Modern home offering breathtaking views, pool, four-season pool house, bluestone terraces, gardens, brook, and gazebo. Web# 4416829. John Buckley, O: 914.238.3988 C: 914.227.4201; Samira Khader, O: 914.238.3988, C: 914.815.0599

MEDITERRANEAN CLASSIC | CHAPPAQUA | $1,795,000 Stunning 4-bedroom, 3.5-bath Villa offers an incomparable blend of artisanship, luxury, and comfort. Fully renovated circa 1902 home offers a meticulously detailed interior, multiple flagstone patios, and tranquil, exquisite grounds. Web# 4417544. Iris Simens, O: 914.238.3988, C: 917.972.5093

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WESTCHESTER / PUTNAM COUNTY

THOMAS WRIGHT ESTATES | ARMONK | $3,150,000 Exquisitely detailed, sprawling 6-bedroom, 6 full/3 half-bath, three-level custom European style home, nestled on 3.35 acres, complete with elevator, media room, gym, motor court for eight cars and a 50 ft redwood deck. Gunite pool and spa. Web# 4400715. Lisa Koh, O: 914.273.1001, C: 914.772.6172

AN ESTATE NOT TO BE MISSED | BEDFORD CORNERS | $3,500,000 Secluded yet convenient, this exquisite 7,000 sf 5-bedroom, 5.1-bath home rests on over 5 beautifully landscaped level acres with custom designed infinity edge pool and spa in the desirable gated Penwood Estates community. Web# 4414904. Nancy Strong, O: 914.273.1001, C: 914.671.5784

NEW CONSTRUCTION | SCARSDALE | $2,895,000 This impressive 6-bedroom, 5.1-bath Colonial set on .31 acres offers 5,600 sf of superbly crafted living space with exquisite detail and finishes, state-of-the-art gourmet kitchen with full butler’s pantry and finished basement. Convenient to village. Web# 3400612. Joanne Intrieri, O: 914.723.6800, C: 917.923.4805

GUARD HILL ROAD ESTATE | BEDFORD | $2,999,000 Magnificent gated residence on 6+ glorious level acres with stone terrace and Gunite pool. Spectacular interior with 4 bedrooms, 4.1 baths, multiple fireplaces, and chef’s kitchen with breakfast room overlooking garden. Year-round or weekend retreat. Web# 4410049. Aimee Orlowski, O: 914.232.3700, C: 914.494.6769

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LIVE THE DREAM | PELHAM | $1,449,000 Truly impressive estate area 4,000+ sf, 5-bedroom, 6-bath home exudes inviting warmth and possibility. Extraordinary light-filled, beautifully proportioned rooms are enhanced by arched entry ways, soaring ceilings, and hardwood floors. Two patios. Web# 4417418. Owen Berkowitz, O: 914.723.6800, C: 914.819.7622

THIS IS LAKEFRONT LIVING | CARMEL | $1,450,000 Serene 4-bedroom, 3.5-bath Lakefront Lodge set in the Sedgewood Club with golf, tennis, and two mountain lakes. Enjoy lake views from every room and an outdoor screened living room with fireplace and wet bar surrounded by flagstone patios. Web# 4422745. Diane Cummins, O: 914.232.3700, C: 914.329.2693

A TOUCH OF FRANCE | NEW ROCHELLE | $749,000 Travel down a secluded driveway to this 3-bedroom, 2.5-bath Carriage house, reminiscent of the Loire Valley, built of French stone with a Vermont slate roof. Vintage details within; bluestone patio and mature gardens in an idyllic setting. Web# 4425444. Carol Marrone, O: 914.723.6800, C: 914.419.4000

GRAND AND GRACIOUS | PLEASANTVILLE | $1,349,000 Renovated in 2008, this gracious 5-bedroom, 4-bath center hall Colonial with wraparound porch offers many details, such as crown moldings and a host of modern amenities, including a stunning eat-in kitchen with large granite center island. Web# 4401574. Fran Von Dietsch, O: 914.769.3333, C: 914.482.0341

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HUDSON RIVER/PALISADE | 2575 PALISADE AVENUE, 5CDE | $1,100,000 Three combined units on 5th floor, 2,200 sf triple-sized living/library/dining in this sunfilled apartment with full river views. Two bedrooms, three baths, modern kitchen with butler’s pantry. All recently renovated. Wave Hill, metro, nature trails, and bicycling nearby. Web# 1422250. Charles G. Brophy, O: 718.601.6100, C: 646.295.6296

HIGHPOINT ON HUDSON | 2727 PALISADE AVENUE | $1,250,000 Penthouse duplex living in premier building with Hudson River and Palisade views. Giant wraparound terrace with three exposures: south, west and north. Woodburning fireplace with four bedrooms and three baths. Bucolic setting, full-service, Wave Hill, metro nearby. Web# 1496691. Charles G. Brophy, O: 718.601.6100

SKYVIEW | 5900 ARLINGTON AVENUE, 5B | $625,000 This sunny apartment offers a large living room with dining area, terrace, renovated windowed kitchen. Large master bedroom with renovated windowed bath. Three additional bedrooms and second renovated bath. Beautiful new floors, new doors, and plenty of closet space. Fabulous open views. Web# 1733867. Terhi Edwards, O: 646.541.8072

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THE MILK PAIL 1346 MONTAUK HIGHWAY, WATER MILL, NY 110

Family owned and operated since 1969, the Milk Pail keeps Hamptons homes stocked with fruit and vegetables grown on-site or just down the road, as well as homemade pies, maple syrup and doughnuts. Just-picked apples and pumpkins and orchardfresh apple cider make it a favorite local fall destination.

Photograph by John Musnicki/Courtesy of Milk Pail Fresh Market, Water Mill, NY

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A HISTOR IC

HOMESTEAD ยง IN A REMARKABLE SALE, THE TOWN OF EAST HAMPTON IS PRESERVING THE LEGACY OF ITS MOST COLORFUL FOUNDING FATHER By SARAH M. BROOM

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Just as you enter the Village of East Hampton, across from the South End Cemetery and the town green, you may notice a modest cottage. The building might appear ordinary, if not for the ancient windmill towering above it, its wood-shingle exterior and latticed blades evoking another time. The property surrounding this windmill is steeped in history: It is part of one of the village’s original home lots, settled more than 365 years ago by Lion Gardiner, a founding father of East Hampton. The estate at 36 James Lane includes nearly four acres of wide-open meadow and a mill cottage dating back to the 1880s, and it has been sold to the Town of East Hampton—an exceptional transfer by any measure. “It represents the original settlement of East Hampton,” says Robert Hefner, director of historic services for the village, the organization that will manage the property. “It sits at the core and heart of town.” Hefner, who has overseen many of East Hampton’s historic restorations, says the cottage will likely be restored to its original saltbox design. A second, more modern house on the property will be taken down and the land around it restored as field. “It’s pretty amazing when you think of other Puritan towns,” he says. “There aren’t very many that have anything like this.” The Gardiner homestead will be rejoined to a historic district that includes other properties restored by the town, such as the 1804 Gardiner Windmill, a residence from the 1700s called Home Sweet Home and three and a half acres belonging to the Mulford Farm.

The Gardiner homestead’s main house was built as a mill cottage in the 1700s. Far right: Bill Gardiner and his daughter.

Photographs by BOBBY FISHER

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There are few traces of Lion Gardiner left in the village now. His tomb is in the cemetery, topped with a sculpture of the mythical and mysterious man lying in repose. Just across the street, an ancient elm tree, close to the road, marks the spot where his house once stood. The house that he built did not survive the years, but his descendants are committed to preserving his legacy. Olney Mairs Gardiner, who, by his calculations, is a thirteenthgeneration descendant of his famous forebear, inherited the then 12-acre homestead in the 1990s after the death of his uncle Winthrop Gardiner Jr. Olney, who’s known as Bill, grew up nearby in the Gardiner Brown House on Main Street, a house that has “as much history bound up in its four walls [as] almost any other house in town,” according to Jeannette Edwards Rattray, a longtime columnist for the East Hampton Star. When he was a boy, Gardiner visited his uncle at the Gardiner homestead. Eventually his family moved to James Lane, into a cottage next door to the homestead, where he still lives today. “I’m not going very far. I’m seventy-two,” says Gardiner, who’s a father of three. “To see this part of the village being retained, the center of the village—it’s a great thing.”


The Gardiner homestead and the surrounding landmarks tell the story of East Hampton’s founding, says historic site manager Hugh King. Lion Gardiner was born in England in 1599 and died in East Hampton in 1663. When he arrived in the area in 1639, it was not yet a place with a name. He famously built a fort in what became Old Saybrook, Connecticut, before moving to what is now called Gardiner’s Island: 3,000 acres of land situated between Long Island’s North and South Forks, which he purchased from the Montaukett Native Americans. He called it the Isle of Wight, after the island in England. The earliest settlers of East Hampton, including Lion Gardiner, established themselves along James Lane. They created a typical New England Puritan colony, with a wide common lined by simply constructed houses with thatched roofs. Behind the houses were acres of land for livestock and subsistence farming. The head of each household had one vote in the settlement’s affairs; the properties represented their economic stake. Bill Gardiner believes the original town lands were chosen because of the quality of the soil and the access to water. There is a spring at the end of what is now Town Pond, and Gardiner describes “very rich soil, about a foot and a half or two feet deep of very rich loam followed by pure sand, which meant it didn’t flood and ruin the crops when it rained.” In those days, the townspeople, comprising thirty or so families, raised pigs and goats. They planted English grass seed, and when that grew they had lush meadows on which cattle and sheep could graze. The year 1651 saw the arrival of the Reverend Thomas James, after whom James Lane is named. He was the first minister of East Hampton and he made his home directly next door to Lion Gardiner’s. Lion Gardiner is a man about whom stories abound. He is said to have been the kind to sit down and negotiate with the local

tribes “rather than just shoot,” Bill Gardiner says. “You do this, and we do that, and everyone lives together,” he continues, summing up Gardiner’s attitude. Then Bill Gardiner relates what he considers his ancestor’s most famous act. According to local lore, a nearby tribe attacked the local Montauketts and stole their princess. Lion Gardiner negotiated with the attacking tribe and persuaded them to return the princess to her father, which put him in good standing with the Montauketts. Sometime in the 1700s, long after Lion Gardiner’s death, a mill cottage was built on the property. The cottage, expanded since then, housed several mill operators, and later many artists rented it.

“ To see this part

of the village being retained, the center of the village— it’s a great thing.

According to King, “We should be known for our history as much as our beautiful beaches and fancy shops. There’s another part of East Hampton that’s very important.” The town’s purchase of the Gardiner homestead is significant “because it focuses on that,” he says. It isn’t the only occasion that the local community has pooled its resources to preserve the town. “In 1927 the village taxpayers voted to buy Home Sweet Home for $60,000. The entire village budget was $62,000,” King says. “In 1937 village taxpayers voted to spend $20,000 during the Depression to buy Main Beach. In 1939 the mayor of East Hampton decided to fix up the Hook Windmill. And now the Gardiner homestead. Not everything needs to be torn down. It can be saved.”

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2Q-2014

Condo & Single Family Sales

HAMPTONS PRICES DOWN

ABSORPTION RATE UP

1.3 1.4 %

Median sales price this quarter was $908,500, as compared to $920,000 in the prior year quarter.

TOTAL CLOSED SALES UP

%

At the current rate of sales, it would take 7.1 months to sell existing inventory, as compared to 7 months in the prior year quarter. An increase in absorption rate indicates a slower market pace.

INVENTORY UP

3.7 4.7 %

There were 700 sales this quarter, as compared to 675 sales in the prior year quarter.

LESS DAYS ON MARKET

There were 1,647 listings this quarter, as compared to 1,573 listings in the prior year quarter.

NEGOTIABILITY UP

7 1.6

DAYS FASTER

Days on market this quarter was 176 days, as compared to 183 days in the prior year quarter.

%

%

Listing discount is the % difference between the list price at time of sale and the sales price. An increase in listing discount reflects greater negotiability by sellers. The listing discount was 12.2% this quarter, as compared to 10.6% in the prior year quarter.

Data Provided by Miller Samuel Inc. Appraisal and Consulting Services


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10 ACRES In SOUTHAMPTOn ESTATE SECTIOn | SOUTHAMPTOn | PRICE UPOn REqUEST Known as the Linden Estate, this 12-bedroom compound was built in 1902 and has been restored with no expense spared. Boasts elegant rooms with the most impressive finishes. Amenities include an indoor pool with spa, heated outdoor pool, a grass tennis court, a paddle court and a carriage guest house on close to 10 acres. Web# H49055.

SPECTACULAR ESTATE | WATER MILL | $11,900,000 Move right into this spectacular 18,000 sf home on 2.5-landscaped acres. The main house boasts 10 impressive bedroom suites, 16.5 marble baths, movie theater, spa, and steam room, bar, and wine cellar. The grounds include a Gunite pool with spa, sunken tennis court, and a separate pool/guest house with outdoor kitchen and gym. Web# H44918.

michaela keszler, lic. assoc. r.e. Broker | o: 631.204.2743 | c: 631.525.3810 | mkeszler@elliman.com luisa (lulu) keszler, lic. r.e. salesperson | o: 631.204.2758 | c: 631.903.1300 | lkeszler@elliman.com

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MAJESTIC WATERFRONT COMPOUND IN NORTH HAVEN | SAg HARbOR | $47,500,000 Once in a lifetime opportunity to own a spectacular waterfront property in the Hamptons. The bayfront compound, which consists of 3 single and separate lots and residences, spans 6.30 acres and includes 300 ft of bay frontage, dock permits, and room for tennis. The main house, Strongheart, was built in 1902, renovated to the highest level possible, while it still retains all of its original charm. Forever views of Peconic Bay and Mashomack Preserve, absolute privacy, and incredible boating possibilities make it a dream property. Web# H35378.

Paul Brennan, lic. assoc. r.e. Broker | o: 631.537.4144 | pbrennan@elliman.com michaela keszler, lic. assoc. r.e. Broker | o: 631.204.2743 | c: 631.525.3810 | mkeszler@elliman.com raymond smith, lic. assoc. r.e. Broker | o: 631.204.2728 | c: 516.381.2574 | raymond.smith@elliman.com 118

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SOUTHAMPTON VILLAGE OCEANFRONT | SOUTHAMPTON | $39,995,000 This 6,700 sf residence offers 4.5 acres of dunes, over 500 ft of white sandy beachfront and the pristine natural beauty of Wickapogue Pond. Once inside, you’ll find the house accented with crown moldings, hardwood floors, wood-burning fireplaces, French doors, elevator, living room with coffered ceilings, formal dining room, wood-paneled library, kitchen with butler’s pantry and separate dining area, master suite with his and her baths, 7 bedrooms, 9 baths, 4 guest suites, staff quarters, gym, and a cabana with indoor/ outdoor access. French doors lead to a seaside terrace, a heated Gunite pool, and spa. A gazebo, sunken Har-Tru tennis court, and a 6-car garage. Web# H29148.

Erica Grossman, Lic. r.E. salesperson | o: 631.204.2723 | c: 917.710.2512 | erica.grossman@elliman.com raymond smith, Lic. assoc. r.E. Broker | o: 631.204.2728 | c: 516.381.2574 | raymond.smith@elliman.com

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Waterfront Mansion, truly spectacular | Water Mill south | $39,500,000 Masterpiece Mansion blends Old World elegance with modern convenience. The 20,000 sf estate sits on 4+ acres with mature landscaping on Mecox Bay. This exceptional 8-bedroom, 10.5-bath home features 8 fireplaces with early 19th-century mantles, coffered ceilings, over 120 exterior architectural brackets, and gracious balconies overlooking the grounds. The grand entrance opens to a cast bronze double staircase and a 19th-century stained-glass skylight. Also includes an infinity edge pool, Jacuzzi, tennis court, wine cellar, gym, theater, sauna, dock, Koi pond, and a spectacular kitchen. Web# H19412.

Paul Brennan, lic. assoc. r.e. Broker | o: 631.537.4144 | pbrennan@elliman.com michaela keszler, lic. assoc. r.e. Broker | o: 631.204.2743 | c: 631.525.3810 | mkeszler@elliman.com oren alexander, lic. assoc. r.e. Broker | o: 212.350.8561 | c: 917.769.2210 | oren.alexander@elliman.com 120

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EAST hAmpTON ViLLAGE OCEANFRONT | EAST hAmpTON | $39,500,000 This Estate not only has one of the most beautiful views on the East Coast, it is on 3 acres of prime oceanfront. The newly constructed main house is built with designer amenities, and features 8 bedrooms, 9.5 baths, spanning over 8,000 sf. A seaside infinity edge pool, Har-Tru tennis court with a changing cabana and a beachfront bungalow. Web# H25276.

CREATE YOUR OWN ESTATE | SOUThAmpTON | pRiCE UpON REqUEST This last of its kind. Southampton Village 7-acre parcel offers 500 ft of pond front with unobstructed ocean views. Permits in place for 2 large residences, pools, and tennis courts. Would make a world-class compound opportunity. Web# H01277.

Raymond Smith, Lic. assoc. R.E. Broker | o: 631.204.2728 | C: 516.381.2574 | raymond.smith@elliman.com

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VILLA mILLE FIORE cOOpERS NEcK LANE | SOuThAmpTON | $34,000,000 This exceptional, subdividable, 8-acre property is in one of the most desirable locations in the Southampton Estate section, and on the market for the first time in more than half a century. Offers gardens, a pool, and tennis court and is located only a short distance from Southampton Village and ocean beaches. Web# H14556.

EXTRAORDINARY ESTATE | SOuThAmpTON | pRIcE upON REquEST On over 2 acres, featuring 11,560 sf of living space with a master bedroom along with 5 additional en suite bedrooms, 12 full- and 4 half-baths. Dining and living room with fireplace opens onto a bluestone porch. Heated Gunite pool with spa, tennis court, putting green. Web# H33814. Erica Grossman, O: 631.204.2723

michaela keszler, lic. assoc. r.e. Broker | o: 631.204.2743 | c: 631.525.3810 | mkeszler@elliman.com

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from middle to further | east hampton | price upon request This gorgeous 5.4-acre estate is located in a coveted area, south of the highway. The Traditional home, designed in 1931 by famed architect Amayar Embry II, is made up of 8,268 sf of luxurious living space and boasts 6 bedrooms, 5 full-and 3 half-baths. Also includes a formal dining room, a gourmet kitchen, a grand living room, and a fabulous outdoor living space. Outside there is a gorgeous pool, an active pond, acres of sprawling lawn, mature landscaping, and magnificent specimen trees that lead to a guest house. Close to East Hampton Village and ocean beaches. Web# H14185.

Paul Brennan, lic. assoc. r.e. Broker | o: 631.537.4144 | pbrennan@elliman.com

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STUNNING MODERN OCEANFRONT HOME | BRIDGEHAMpTON | pRICE UpON REqUEST Sited on approximately 1.5 acres south of the highway is this one-of-a-kind 9,500 sf Barnes Coy Architects masterpiece. The ocean can be seen and heard from virtually every room in this magnificent modern home. There are 7 bedrooms, 10 baths and soaring 14 ft window height with floor-to-ceiling views. Geothermal heat and air, radiantheat walnut and limestone floors, custom Fleetwood windows and doors, a B&B Italia kitchen, and custom limestone sinks with Boffi fixtures. Heated infinity-edge Gunite pool and Jacuzzi spa to the 6,000 sf of decking enclosing 2 outdoor kitchens, a rooftop fireplace, private walkway down to the beach and gathering area. Web# H43589.

Erica Grossman, Lic. r.E. salesperson | o: 631.204.2723 | c: 917.710.2512 | erica.grossman@elliman.com

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WAINsCOTT OCEAN ANd PONdFRONT — BEsT OF BOTH WORLds | WAINsCOTT | PRICE UPON REqUEsT Stunning waterfront location with 315 ft of ocean frontage in the backyard and unobstructed views of Wainscott Pond in the front. The beautifully appointed 3,500 sf Contemporary home sits on 2.3 prime acres and features a master suite, 2 guest bedrooms, media area, fireplace, and 2 additional half baths. Web# H38310.

2.5+ Acres OceAnfrOnt cOmpOund | AmAgAnsett | price upOn request Amagansett Dunes waterfront Beach House situated on 2.6 acres within Napeague State Park with a heated pool. The 4,000 sf home has 8 bedrooms, 5 baths, water views, and 180 ft of ocean frontage. Web# H24037.

PAUL BRENNAN, Lic. Assoc. R.E. Broker | O: 631.537.4144 | pbrennan@elliman.com

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Bridgehampton South Waterfront Compound | Bridgehampton | priCe upon requeSt Bridgehampton Estate Section. Off the beaten path and in one of the most prestigious neighborhoods in the country, this estate-sized compound is waterfront, with ocean views, and overlooks 53 acres of reserved land. Approximately 5.9-acre compound consisting of 2 lots (1.5 acres and 4.4 acres), 170 ft of Sagg Pond frontage, water access, spectacular views of the Bridgehampton/Sagaponack Atlantic Ocean cut, and 2 homes. Surrounded by multimillion-dollar estates and overlooking Smith’s Corners, the pristine parcel has been in the same family for three generations. Web# H44741.

Paul Brennan, lic. assoc. r.e. Broker | o: 631.537.4144 | pbrennan@elliman.com

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summer colony style | southampton, new york | $23,000,000 Once-in-a-lifetime opportunity to acquire the Village Latch Inn Hotel and Terry Cottage, Great Gatsby-style mansions reputedly designed by Stanford White. Main hotel and additional six buildings feature 67 unique guest rooms on 5+ acres with pool and tennis. Location, location. Situated at entrance to Southampton Village, near boutiques, galleries, restaurants, and beaches. This legendary estate awaits the visionary to create a year-round resort รก la Relais & Chateaux. Change of zone application has been made to approve 76 rooms, spa, restaurant, and upgrades. Additional development opportunities include 20 townhouses, 6 lot residential subdivision, membership club, or magnificent family compound. Web# H32336.

esther paster | o: 631.283.4343 | C: 516.356.6929 | esther.paster@elliman.com

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Shelter ISland Waterfront Compound – noStrand parkWay | Shelter ISland | prICe upon requeSt Traditional home with guest house inspired by Edwin Lutyens on 5.5 acres with 350 ft of sandy beach with deep water dock. Main house has double-height entrance, living room, family room with fireplaces, formal dining, chef’s eat-in kitchen with billiard room on lower level. Second floor has 4 en suite bedrooms with double-height master suite. Panoramic water views throughout. Guest house has living area with fireplace, master bedroom, guest room, children’s playroom. Both have full terraces. Waterside heated Gunite pool. Web# H43485.

Paul Brennan, lic. assoc. r.e. Broker | o: 631.537.4144 | pbrennan@elliman.com

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SOUTHAMPTON VILLAGE ESTATE SECTION | SOUTHAMPTON | $11,200,000 This is a rare opportunity to purchase a 1.9-acre waterfront property on the most coveted stretch of Captains Neck Lane with a saltwater dock on navigable water to Shinnecock Bay, making it great for kayaking, paddle boarding or sailing a catamaran. Hear the sounds of the surf from this 5-bedroom, 5.5-bath house which offers beautiful water views and spectacular sunsets. Top-of-the-line, newly renovated kitchen opens to a breakfast room; formal dining room, sunroom, enclosed 3-season porch, and a living room with a fireplace overlooking the 50 ft heated Gunite pool and open water. The second floor master suite has its own deck to enjoy the water views and sunsets. Web# H33413.

SuSan HovdeSven, Lic. R.e. Salesperson | o: 631.204.2710 | C: 631.921.8767 | susan.hovdesven@elliman.com Raymond SmitH, Lic. assoc. R.e. Broker | o: 631.204.2728 | C: 516.381.2574 | raymond.smith@elliman.com

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Water mill estate section | Water mill | $8,250,000 Lucky 7-7-7: SEVEN thousand sf, SEVEN bedrooms, SEVEN baths hidden at the end of a secluded lane in Water Mill with its own dock on Burnett Creek. Charm and graceful landscaping combine to create a unique setting on this 1.8-acre parcel with pool, spa, tennis court, and tennis house. Web# H13946.

Bridgehampton oceanFront | Bridgehampton | $11,000,000 Pristine oceanfront property with total ocean views in one of the most prime locations. The price is right for this magnificent stretch of beach. Build your dream home, hear the surf, and watch the waves roll. Web# H0147231.

carol nobbs | lic. assoc. r.E. broker | o: 631.204.2714 | c: 516.729.0897 | cnobbs@elliman.com Paul brEnnan, lic. assoc. r.E. broker | o: 631.537.4144 | pbrennan@elliman.com

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GRAND WATERFRONT ESTATE IN NORTH HAVEN | SAG HARbOR | $10,150,000 Set in a secluded North Haven community spanning 9,788 sf, featuring 6 bedrooms, 7.5 baths, living room with a double-sided fireplace shared with the formal dining room, and a gourmet eat-in kitchen with fireplace. Indoor basketball court, exercise studio, game room, a heated Gunite pool with spa, an outdoor fireplace, and a 3-car garage. Web# H17478.

SOUTHAMPTON VIllAGE GEM | SOUTHAMPTON | $2,495,000 This stylish property features 5 bedrooms including a second floor master suite, great room with wood-burning fireplace, formal dining room, eat-in kitchen, and an oversized bluestone patio. Community tennis, pool, and close to both ocean and village. Web# H36128. Erica Grossman, O: 631.204.2723; Raymond Smith, O: 631.204.2728

COMPOUND WITH WATER VIEWS | WATER MIll | $3,895,000 Includes 7 bedrooms, 7.5 baths, gourmet kitchen with fireplace, formal dining room, living room with fireplace, and family room. Billiard room, gym, staff quarters, wine cellar, and a 3-car garage. Gunite pool and an all-weather tennis court. Web# H20781. Erica Grossman, O: 631.204.2723; Brenda Giufurta, O: 631.204.2770

erica grossman, Lic. r.e. salesperson | o: 631.204.2723 | c: 917.710.2512 | erica.grossman@elliman.com

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supERiOR tRADitiONAl | AMAgANsEtt | $9,495,000 This superior crafted and designed home displays timeless Cottage-style living. Located on a secluded setting in one of the most desirable locations within a short distance to ocean beaches and Amagansett Village. Features 6 bedrooms, 7.5 baths, and a 50 ft heated Gunite pool. Web# H27906.

NEW MODERN | AMAgANsEtt | $3,995,000 “Sand Box” was just completed with clean Modern style. On a secluded lot in the dunes with ocean beach access. 2,800 sf, 4-bedroom, 4.5 bath, open kitchen/ living/dining area overlook the outdoors. Mahogany decking lead to the raised custom-heated Gunite pool. Web# H38302.

uNiquE hORsE FARM OppORtuNity | EAst hAMptON | $3,699,000 Custom-built home on over 5 acres. This property is completely cleared and ready for your horse barn, vineyard, or great lawn. The 4,700 sf house has 5 bedrooms, 4.5 baths, living room, dining room, den with fireplace, and a 2-story library. Also features a finished basement and 3-car garage. Web# H20326.

NEW stylish RENOvAtiON | sAg hARbOR | $1,595,000 In the village within blocks of the bay beach is this chic, renovated Cottage with a heated Gunite pool. Open living/dining/kitchen areas lend a modern floor plan. Wide oak floors throughout. Featuring 3 large en suite bedrooms, custom chef’s kitchen, and master craftsman carpentry details. Web# H45434.

Lori MacGarva, Lic. assoc. r.E. Broker | o: 631.267.7374 | c: 516.242.9633 | lori.macgarva@elliman.com roBErt Kohr, Lic. assoc. r.E. Broker | o: 631.267.7375 | c: 631.871.8774 | robert.kohr@elliman.com

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Sagaponack South — With DiStant oceanvieWS | Sagaponack | price upon requeSt On 2.3 acres, this home is close to ocean beaches and village. Magnificent master suite with distant ocean and farm field views along with 6 bedrooms. Heated Gunite pool including indoor and outdoor Jacuzzis and an attached 2-car garage. Room to expand and can accommodate tennis. Web# H59501.

Unprecedented MontaUk Waterfront | MontaUk | $8,750,000 Perched on a hilltop overlooking a nature reserve and Block Island Sound. Living room, gourmet kitchen, first floor master bedroom suite, 5 en suite bedrooms, den, gym, full bar, wine cellar, and tasting room. 3-story gazebo. Wooded path to beach, expansive decks, and patios near the custom-built pool. Web# H40114.

PAUL BRENNAN, Lic. Assoc. R.E. Broker | O: 631.537.4144 | pbrennan@elliman.com

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RARE OFFERING ON SOUTH MAIN STREET WITH TENNIS | SOUTHAMPTON | $7,995,000 This updated 1920s home offers tennis, pool, and a gracious lifestyle right in the heart of Southampton Village. Located just 2.5 blocks to shops, ocean beaches, and world-class restaurants, this 5-bedroom, 5.5-bath, light-filled home is situated on 1.28 acres. Enjoy complete privacy and proximity to all. Web# H23369.

STYLISH ON A PRIME STREET IN SOUTHAMPTON VILLAGE | SOUTHAMPTON | $5,900,000 This designer’s own, 4-bedroom, 4.5-bath home is built to the highest taste level. There is a Christopher Peacock kitchen, wide plank white oak floors, limestone entry hall, 3 fireplaces, and a gracious back porch for a perfect blend of comfort and luxury. There is a garage/pool cabana, pool, spa on .34 acre. Web# H35341.

Paula hathaway, lic. assoc. R.E. Broker | o: 631.204.2712 | C: 516.319.4223 | paula.hathaway@elliman.com

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MODERNIST MASTERPIECE wITh TENNIS | SAGAPONACK | $4,950,000 Hariri & Hariri modernist retreat, 2.8 acres, 5,800 sf, 6 bedrooms, Gunite pool. Double living rooms, screening room, 2-car garage. Art studio/guest house with full bath, Jacuzzi, Har-Tru tennis court. A rare offering includes furnishings. Web# H15558.

GATED SOuTh ESTATE 4 ACRES | BRIDGEhAMPTON | $7,900,000 This gated 10,000 sf home set on 4 open field acres has 8 bedrooms, Chef’s Gaggenau kitchen, formal dining, full finished basement. Gunite pool and outdoor fireplace. Room for tennis. Web# H54681.

GATED POSTMODERN ON 3 ACRES | BRIDGEhAMPTON | $4,250,000 A gated Postmodern on 3 acres in a gorgeous setting. Overlooks horses, 5 bedrooms, new addition with large family room and an extra bedroom, 5,500 sf Gunite Pool, and room for tennis. Exclusive. Web# H19658.

Lori BarBaria, Lic. r.E. Salesperson | o: 631.537.6041 | C: 516.702.5649 | lbarbaria@elliman.com

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onE ACRE VillAgE WAtERFRont EStAtE | SouthAmpton | $6,495,000 This elegant waterfront, Gambrel-style home with a dock offers a spectacular view over Lake Agawam. Features 6 en suite bedrooms, all with balconies, a chef’s kitchen, formal dining room, and grand living room, all with 4 total wood-burning fireplaces. Heated pool and spa waterside, 2-car garage, and attic and basement for storage. Web# H17193.

nEW VillAgE liSting | SouthAmpton | $3,850,000 Traditional 1940s home situated on half an acre on a quiet street has been totally renovated to reflect the feel of a 2014 Beach House with an open kitchen, 4 bedrooms all en suite, 4.5 baths, hardwood floors, tasteful fixtures, and beach accents throughout. Heated Gunite pool and separate pool house. Near the ocean. Web# H47393.

Enjoy Autumn in thE VillAgE | SouthAmpton | $3,450,000 This Craftsman-style home has a main level master suite plus a second floor master suite, 2 additional guest rooms, and a total of 4 full baths. There is a chef’s kitchen with dining area that opens to a heated Gunite pool, a living room with fireplace, and a den. Near Little Plains Beach. Web# H47355.

ACRE South oF thE highWAy potEntiAl | WAtER mill | $2,795,000 This Postmodern with covered entry, new mahogany steps and double doors offers an open floor plan with high ceilings and skylights throughout. Master suite features a walk-in closet. Offers a guest suite, 2 additional bedrooms, 4 full baths, garage, heated pool, and tennis. Web# H56519.

maryanne horwath, Lic. assoc. r.e. Broker | o: 631.204.2720 | C: 516.617.8938 | maryanne.horwath@elliman.com

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Virtually staged

SHERRILL ROAD NEW CONSTRUCTION | EAST HAmpTON | $4,250,000 This 4,500 sf Modern Farmhouse boasts 6 en suite bedrooms, including 3 master suites, 7.5 baths and top-of-the-line finishes throughout. Expansive open kitchen, living and dining room layout. Offers a 39 ft L-shaped pool with spa, over 1,500 sf of hardscape, a pool house with bath, outdoor kitchen, detached garage. Web# H20659.

WATERFRONT BEACH HOUSE | AmAGANSETT | $5,950,000 Excellent opportunity to own waterfront property on Cranberry Hole Road. This Beach House offers 2 bedrooms, 2.5 baths on 1.49 acres with 268 ft of frontage on Napeague Bay. Property includes a detached 2-car garage, 2 single and separate waterfront lots. Web# H30210.

TRADITIONAL CLOSE TO VILLAGE | EAST HAmpTON | $1,795,000 This 4-bedroom, 4.5-bath Traditional sits on a 1.2-acre lot and is great for guests and entertaining. The gracious entry hall opens to a light and airy living room with high ceilings and wood-burning fireplace. Custom eat-in kitchen with granite countertops. Heated pool surrounded by endless landscaping. Web# H42660.

EAST HAmpTON SOUTH | EAST HAmpTON | $2,650,000 A 3,100-sf home south of the highway with 4 bedrooms and 3.5 baths, hot tub and heated 20 by 40 ft pool. The front porch looks out over a meticulously maintained open lawn with mature plantings and specimen trees. Located between Amagansett and East Hampton villages and a short distance to ocean beaches. Web# H0152088.

Christopher stewart, Lic. r.e. salesperson | o: 631.267.7391 | C: 917.744.2450 | christopher.stewart@elliman.com

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WONDERFULLy RENOVATED SOUThAmpTON VILLAGE hOmE | SOUThAmpTON | pRIcE UpON REqUEST Beautifully renovated Traditional in the heart of Southampton Village close to ocean beaches. The designer-owned, 5-bedroom, 4.5-bath home just went through a total renovation. Offers ample terrace space for entertaining, overlooking the wonderfully landscaped garden with a heated pool. Web# H44148.

pRESTIGIOUS cOUNTRy ESTATE | SOUThAmpTON | $7,990,000 A winding drive leads through a grand gate, down rolling hills past a garage/ studio and a guest house up to the Colonial main house. When renovating the 3 structures, which feature 9 bedrooms and 8.5 baths, no detail was left out in order to elevate this 1920s home to the 21st century. Web# H35090.

BEAUTIFUL WATERFRONT | SOUThAmpTON | $8,450,000 Stunning 7-bedroom residence sited on 3.7 acres overlooking Peconic Bay. This 9,200 sf beauty features a living room/library, gourmet kitchen, wine cellar, game room, and gym. The poolside brick fireplace is the focal point of your entertaining by the infinity pool and the mahogany deck that leads to the beach below. Web# H11797.

michaela keszler, lic. assoc. r.e. Broker | o: 631.204.2743 | c: 631.525.3810 | mkeszler@elliman.com luisa (lulu) keszler, lic. r.e. salesperson | o: 631.204.2758 | c: 631.903.1300 | lkeszler@elliman.com

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NEW CONSTRUCTION ON 6.5 ACRES | SAg HARbOR | $5,995,000 Secluded and removed from all traces of noise, this grand Traditional sweeping Gable is set back from Middle Line Highway with a half mile driveway. This 8,000 sf, 8-bedroom, 8.5-bath home boasts a white Calcutta marble gourmet kitchen, 3-car garage, and heated Gunite pool with attached spa. Web# H46298.

gRAND TRADITIONAL ON 1.85 ACRES | SOUTHAmpTON | $3,195,000 Surrounded by 200 acres of county reserve. Double-height foyer. 180-degree bay views. The second-floor kitchen and living room open through French doors to a wraparound deck providing light to the entire main floor. This home has 4 bedrooms, 5 full-and 2 half-baths. Gunite pool and bluestone patio. Spectacular water views. Web# H37497.

NEWLY RENOVATED gEm | bRIDgEHAmpTON | $2,050,000 Barn Style in lovely Hampton Farm Community. Around the corner from new 3.5 MM constructions, 2.5 miles from Bridgehampton or Sag Harbor main streets. 5-bedroom, 3-bath, 3,168 sf home on .91 acres. Solar power heated saltwater pool, surrounded by lush landscaping. Outdoor living room with modern gas fire pit. Web# H45560.

bUILD YOUR VILLAgE DREAm HOmE | SOUTHAmpTON | $1,350,000 Come see this shy acre lot that sits on a quiet village street overlooking a wonderful 48 acres of farm fields, of which 15 acres are reserve. Sandwiched between multimillion-dollar properties. Opportunity awaits for a spec-builder or end user. See the transformation of Bailey Road for yourself. Web# H06683.

RAPHAEL AVIGDOR, Lic. Assoc. R.E. Broker | O: 631.204.2740 | C: 917.991.1077 | raphael.avigdor@elliman.com JAmEs PEy tOn, Lic. R.E. salesperson | O: 631.204.2738 | C: 917.882.5589 | james.peyton@elliman.com

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NEW CONSTRUCTION ON PRIME LITTLE PLAINS ROAD | SOUThAMPTON | $5,650,000 Near the ocean, shops, and restaurants, this brand new Southampton Village Federal-style home is reminiscent of the summer cottages that populated the village in the 18th and 19th century. Designed by Brian Brady, architect, and Peggy Fruin of Hampton Designs, this 7-bedroom, 8.5-bath home has all the right touches. There is a Gunite pool, pool house with full bath and kitchenette, outdoor shower, and a 1-car garage with a view of the ocean from your front gate. This is a great fit for the family that wants proximity to everything. Web# H53806.

Paula hathaway, lic. assoc. R.E. Broker | o: 631.204.2712 | C: 516.319.4223 | paula.hathaway@elliman.com

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elegance In aMaganseTT | aMaganseTT | $3,995,000 Custom home features eat-in chef’s kitchen, formal dining room, living room, library, screened-in bluestone porch, en suite bedrooms, and large office. Master wing and 3 more en suite bedrooms, unfinished space for 2 more, extensive stone work, Gunite pool, 2-car garage, and deep basement in top spot. Web# H44210.

More Than MeeTs The eye | easT haMpTon | $4,995,000 This 1970s Ranch with 2-car garage on a cleared 1-acre lot was surprisingly built with today’s open living plan in mind, but even for the savvy buyer/builder opportunities abound, including a possible compound, in this most coveted south of the highway village location. Web# H49104.

Dunes beach house | aMaganseTT | $1,199,900 The Miami-style home features 3 bedrooms and 1.5 baths, open kitchen plus dining area, and a large living room, with numerous windows and exposed beams throughout. Secluded deck is encompassed by the U-shaped home and it’s just one block to the ocean. Web# H43828.

one-acre oasIs In sag VIllage | sag harbor | $1,295,000 Nestled at the edge of a cove in Sag Harbor Village just 1200 kayak strokes to pristine Long Beach, landscaped open acre offers a myriad of options for both end user and builder. Customize the sun-flooded saltbox to suit your lifestyle or embrace the natural features and create your own vision. Web# H35652.

Telly Karoussos, lic. r.e. salesperson | o: 631.267.7338 | C: 516.637.3980 | telly.karoussos@elliman.com

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LUXURIOUS DESIGNER RETREAT | WATER MILL | $3,695,000 This elegant home is unprecedented in its design and level of comfort. From the grand entryway to the gourmet kitchen, formal dining room, and expansive living room, the layout is open and flows easily out the double French doors to the pool with wraparound bluestone and pergola. Web# H46224.

TWIN GAbLE NEW CONSTRUCTION | WATER MILL | $3,495,000 Close to Southampton Village and ocean beaches, this 5,300 sf, 6-bedroom, 6.5-bath home sits on a shy acre overlooking a farm field. Open, state-of-the-art chef’s kitchen with custom cabinetry and Italian statuary, marble counter tops and center island. Gunite pool, 800 sf bluestone patio, finished lower level, and 2-car garage. Web# H34498.

SECLUDED DEERFIELD LOCATION | SAG HARbOR | $2,195,000 Lots of indoor space in this 2-story Contemporary home with 6 bedrooms and 7 baths. Complete first floor renovation, open loft-like feel, brand new gourmet kitchen, living room with fireplace. On 1.4 acres of landscaped ground with tennis. Expansive bluestone patio for outdoor entertaining overlooks a golf course. Web# H0153496.

UNIQUE TUSCAN STYLE HOME | SAG HARbOR | $1,595,000 This 4-bedroom, 4-bath home sits on 1.6 acres. Arched solid mahogany custom doors, wide plank pine flooring and a dry stacked ledge stone fireplace in the chef’s kitchen. 1,000 sf of bluestone surrounds the heated Gunite pool with extensive decking. Main and second-floor master bedrooms with additional bonus room. Web# H0150280.

RAPHAEL AVIGDOR, Lic. Assoc. R.E. Broker | O: 631.204.2740 | C: 917.991.1077 | raphael.avigdor@elliman.com JAmEs PEy tOn, Lic. R.E. salesperson | O: 631.204.2738 | C: 917.882.5589 | james.peyton@elliman.com

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NEw CONSTruCTiON | AMAgANSETT | $2,995,000 Traditional, with approximately 3,500 sf of living space features a floor plan accentuated by an open flow, high-end finishes, and gourmet kitchen which opens to both the living and dining areas. 4 en suite bedrooms plus an additional 1.5 baths. Boasts 1,100 sf of covered porches, an outdoor fireplace, and heated Gunite pool. Web# H43805.

TrAdiTiONAl MEETS MOdErN | EAST HAMpTON | $3,595,000 This 5,500 sf home blends Traditional architecture with a distinctive Modern flair. The exterior incorporates various textures of wood and metal to give a unique and impressive façade. Featuring 5 bedrooms, 5.5 baths, gourmet chef’s kitchen, living room with fireplace, and a double infinity edge pool with spa. Web# H27145.

privACy iN EAST HAMpTON | EAST HAMpTON | $1,395,000 Surrounded by over 2 acres of towering pines with approximately 3,200 sf of living space. Comprises 4 bedrooms, 3 baths, gourmet kitchen with breakfast nook flowing seamlessly to the adjoining dining room and multiple living areas, all with access to the nearly 1,500 sf of wraparound mahogany decking. Web# H48452.

MOMENTS TO BEACH | EAST HAMpTON | $1,795,000 This 3,200+ sf home features 4 en suite bedrooms, including upstairs and downstairs masters along with 4.5 baths. Open floor plan, accentuated by French doors. Heated pool with brick surround and mature plantings. Octagonal sitting room with wood-burning fireplace, gourmet kitchen, and screened-in porch. Web# H43680.

t yler mattson, lic. r.e. salesperson | o: 631.267.7372 | C: 917.902.9343 | tyler.mattson@elliman.com Brian BuCkhout, lic. assoc. r.e. Broker | o: 631.267.7346 | C: 631.834.7514 | brian.buckhout@elliman.com

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2 Farmhouses, 1 Building lot and 60 acres oF agricultural reserve | riverhead | price upon request A rare opportunity to hit the Hamptons. Over 60 incredible acres of open-field agricultural reserve. Includes a 3-bedroom, 2.5-bathroom, 2-story home, 2 barns surrounded by an unheard of 600 acres of protected land. Also features 2 separate building lots. This property offers true Hamptons luxury, large open space with peaceful seclusion and will not be on the market long. Web# H53450.

Paul Brennan, lic. assoc. r.e. Broker | o: 631.537.4144 | pbrennan@elliman.com

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Beautiful Postmodern | sag HarBor | $2,250,000 Composed of 6 bedrooms, including a potential home office, 2 master suites, 4.5 bathrooms, gourmet kitchen, fireplace, attached 2-car garage, and full basement. Rear deck offers plenty of room for dining and easy access to a gorgeous, landscaped yard with pool. Web# H13060. Paul Brennan, O: 631.537.4144

ElEgant traditional | Wainscott | $1,875,000 Beautifully designed, sun-filled 3,000 sf+, 4-bedroom, 3-bath home, featuring a gracious front porch, vaulted living room, cozy den with fireplace, master suite, and gourmet kitchen. Elevated, heated pool, surrounded by lush terraced gardens. Web# H13854. Cynthia Beck, O: 631.537.6076; C: 917.951.8642

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AmAgAnsett Dunes OceAnfrOnt | AmAgAnsett | $7,245,000 Amazing views from this 5,000 sf, 5-bedroom, 5.5-bath Modern beach house on 1 acre. Custom millwork and cabinetry throughout. Mahogany windows and doors. Heated pool and spa, sauna, outdoor fireplace, and garage. There are also 3 additional oceanfront lots available. Web# H16858. William Wolff, O: 631.267.7345

Waterfront Grace | QuoGue | price upon reQuest This Contemporary features 5 bedrooms, 4.5 baths, gracious open entertaining spaces, fireplace, gourmet kitchen with 2 ovens, 2 dishwashers, Gunite pool, and tennis. Beautifully bulkheaded and landscaped. Web# H15525. Kent Rydberg, O: 631.898.2217

impeccable in the village | east hampton | $3,999,000 This impeccably designed Traditional was the creation of Francis Fleetwood of Fleetwood & McMullan Architects. Centrally located 400 ft from the heart of East Hampton Village and just over a mile away from ocean breezes. Features 4 bedrooms, 4.5 baths, and a heated Gunite pool. Web# H27624. William Wolff, O: 631.267.7345

ENERGY EFFICIENT | WEsThampToN BEaCh | $4,500,000 Heated saltwater Gunite pool, antique barnwood, wainscotting, custom cabinetry throughout. First and second floor master en suites, 6 bedrooms, 5.5 baths, 6,000 sf, cedar roof, 2-car garage, library, and 3 fireplaces. Approved tennis court and pool house. Web# H14288. Mariko Pichardo, O: 631.898.2209; Leandro Pichardo, O: 631.898.2211

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NEW WATERFRONT CONSTRUCTION | SOUThAmpTON | $2,295,000 In the desirable Cold Spring Point beach community, enjoy this Beach House with 3 levels of living space, all above ground level. With 271 ft of waterfront, it offers expansive water views, gourmet kitchen, 2 master suites, living and dining rooms, elevator, and 4 screened-in porches. Web# H43201. Theresa Thompson, O: 631.204.2734

Spectacular Waterfront | WeSthampton Beach | $2,495,000 Magnificent 4-bedroom Postmodern on 1.4 acres with a deep water dock, specimen trees, gourmet kitchen, balconies, decks, and views. Also features an en suite master, fireplace, wine cellar, heated pool, luxurious spa. Location, location, location. Web# H0155391. Lynn November, O: 631.898.2205

Water Mill South — Build to Suit | Water Mill | $1,595,000 A rare and special offering: raw land in Water Mill South. Can afford you up to 4,000 sf primary with room for a pool. Ownership comes with water rights. Private community dock with access to the bay and ocean. Web# H07009. Paul Brennan, 631.537.4144

Bridgehampton Waterfront | Bridgehampton | $1,750,000 Travel down a 200 ft long drive and discover this Bridgehampton South waterfront Farmhouse on 1.53 acres overlooking Kellis Pond with your very own dock, and over 20 acres of agricultural reserve as a border. Web# H21595. Paul Brennan, O: 631.537.4144

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PUMPKIN PATCH PECONIC, NY 148

Pastoral and quietly unassuming, the North Fork of Long Island is famous for its family farms. In the fall they offer pumpkin picking, hayrides, corn mazes and other outdoor activities that celebrate the season.

Photograph by Fotog/Tetra Images/Getty Images

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SOUND VIEWS By STEPHEN MILIOTI Photographs by JESSICA ANTOLA

BENEATH THE NATURAL BEAUTY AND RUSTIC EXTERIOR OF THE KONTOKOSTA WINERY LIES A 21ST-CENTURY, ECO-FRIENDLY OPERATION

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Vines were planted on Kontokosta's sixty-two acres in 2002; just four years later their grapes were used to produce wine.

D

RIVING UP TO KONTOKOSTA WINERY, you can’t help but feel a sense of anticipation. That’s because, rather than simply pulling into a parking lot, as one does at most wineries, you must drive down a quarter-mile-long road that winds through the vineyard’s beautifully manicured grounds. It’s a verdant buildup to a grand arrival: The road leads to an exquisite tasting house and, just beyond it, the final act in this stunning visual show: a quarter-mile of high bluffs directly overlooking the placid Long Island Sound. Michael Kontokosta, the co-owner and vineyard manager of the sixty-two-acre winery, located in Greenport on Long Island’s East End, is very proud of that vista, and for good reason: No other winery on Long Island has as much direct Sound frontage.

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Below: Co-owners Michael and Constantine Kontokosta check this year's crop. Right: The light and airy tasting room, clad in reclaimed century-old wood, is an inviting place to sample Kontokosta's sauvignon blanc, cabernet franc and Riesling wines.

Kontokosta’s own road to opening his business was a long one, requiring an aboutface on his career path when he gave up his job as a corporate attorney in New York City to pursue his dream. In 2002 he planted his first vines on the land, which had been in the family since the 1970s. In 2006 the first salable crop was produced, and today’s output is something to be proud of. Take the 2013 sauvignon blanc ($25), a full-bodied wine with tropical, floral aromas and pineapple, mango and guava flavors; the 2010 cabernet franc ($34), with balanced notes of dark fruit and baking spice; or the 2013 Riesling ($22), with its white peach aroma and flavors of green mango and white plum. “It was always a ten-year plan; I didn’t want to rush it,” says Kontokosta of the journey he’s taken. “I wanted to plant the grapes, see how they grew and really take the time to yield a quality product. Then, when I was confident I had that, I had the facility built.” He doesn’t just own the winery; he manages the vineyard too. "It was important to me to immerse myself in the experience and learn along the way,” he says. Kontokosta and his brother, co-owner Constantine, also own the nearby Harborfront Inn, a luxury boutique hotel in Greenport overlooking Peconic Bay, which frequently offers special rates, especially midweek, for winery guests; and Cove Place, an inn in Aquebogue, which is also in Long Island wine country.

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IF YOU GO KONTOKOSTA WINERY

825 North Rd., Rte. 25 Greenport, NY 631-477-6977 HOURS Sunday–Thursday: 11 AM to 5 PM Friday–Saturday: 11 AM to 6 PM Closed Tuesdays and Wednesdays in winter/ early spring (check before visiting) WEBSITE kontokostawinery.com ADMISSION Free WHAT TO KNOW “Weekends get crowded,” says the owner. A midweek visit may yield a more personal experience. HOW TO GET THERE For those not driving, Kontokosta is accessible from NYC by bus (Hampton Jitney) or Long Island Rail Road. If you're driving from Manhattan, the roughly ninety-mile trip takes about two hours. HOTEL DEAL Through October 30, the Harborfront Inn’s Grape Escape (631-477-0707) includes a car and driver to take you to free tastings at Kontokosta and two other local wineries.

The brothers conceptualized and created the winery’s main building themselves; Constantine is a professor of urban informatics at New York University who has a background in design and engineering. Opened last year, when the winery also officially opened, the building is the property’s crown jewel—and its pulse. It is where the wine is made, under the hand of Gilles Martin. (Before the facility was opened, vintages were made by Eric Fry at the Lenz Winery in Peconic.) Above the production facility is a large, open tasting area. Even though it’s new, the building has a rustic charm. “I wanted it to look like it had been there forever,” Kontokosta says. That mission was accomplished, thanks largely to the wood that he and his brother sourced from a 110-year-old barn that was about to be demolished in Rochester. They used it as siding on the building for an instant pleasingly timeweathered appearance. Using reclaimed wood also served their ecofriendly aim, which can be seen throughout. The 9,000-square-foot building is powered by a wind turbine, for a light carbon footprint that keeps it at peace with its natural setting; it was designed to achieve LEED Gold status (certification pending); and it is modeled to be about fifty percent more energy-efficient than New York State building codes require. LED lighting is used inside the building and on the exterior; there are also highefficiency windows, and recycled material is used throughout. There’s even a rainwater harvesting and reuse system. There’s plenty of style, too, continuing the intentionally weathered feel of the exterior indoors. The decor, which could be called “contemporary rustic,” features tasting room counters topped with poured-concrete slabs. The facing of the bar is made of reclaimed wine barrel staves; the tables are made of copper and structural steel. Much like a fine wine, the design is rich and lush but not overpowering; it never competes with the stunning view. “We are deeply committed to sustainability beyond a superficial interest in being ‘green,’” says Constantine. “The design of the winery reflects our goals of measurably reducing resource consumption, minimizing our carbon footprint and limiting our environmental impact.” This commitment is just one example of the significant investments made along the road to a stunningly successful result.

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2Q-2014

Condo & Single Family Sales

NORTH FORK PRICES UP

ABSORPTION RATE UP

3.9 28.8 %

Median sales price this quarter was $477,500, as compared to $459,750 in the prior year quarter.

TOTAL CLOSED SALES DOWN

%

At the current rate of sales, it would take 14.3 months to sell existing inventory, as compared to 11.1 months in the prior year quarter. An increase in absorption rate indicates a slower market pace.

INVENTORY UP

3.8 23.6 %

There were 154 sales this quarter, as compared to 160 sales in the prior year quarter.

MORE DAYS ON MARKET

%

There were 733 listings this quarter, as compared to 593 listings in the prior year quarter.

NEGOTIABILITY DOWN

3 0.2

DAYS MORE

Days on market this quarter was 166 days, as compared to 163 days in the prior year quarter.

%

Listing discount is the % difference between the list price at time of sale and the sales price. An increase in listing discount reflects greater negotiability by sellers. The listing discount was 7.1% this quarter, as compared to 7.3% in the prior year quarter.

Data Provided by Miller Samuel Inc. Appraisal and Consulting Services


NORTH FORK

ENDLESS SOUND SUNSETS | GREENPORT | $3,950,000 Find luxury and opulence in this custom-built home with 170 ft of Sound frontage. Brazilian cherry floors, gourmet kitchen, four bedrooms, four baths, and three marble fireplaces. Web# 2681848. Laurie Daly, O: 631.298.6171, C: 631.375.4324

ONE-OF-A-KIND ESTATE | RIVERHEAD | $2,500,000 Rare find on 40+ acres with three ponds, dock, and Gunite heated pool. Fourbedroom, three-and-one-half-bath home with open floor plan and fireplace. Three Morton buildings, all with heat, electric, two with plumbing. Web# 2687333.

Amanda Field, O: 631.298.6169; Scott Bennett, O: 631.298.6143

SUPERB CRAFTSMANSHIP | MATTITUCK | $2,375,000 On 2.23 acres with stunning water views to Long Island Sound. Spacious home with 10 ft ceilings throughout, curved two-story staircase, master en suite + three additional en suite bedrooms. First-floor guest suite, five-car garage, and whole house generator. Web# 2672072. Tom Uhlinger, O: 631.298.6120, C: 516.319.0323

BOATERS ON GULL POND | GREENPORT | $1,175,000 Protective harbor, private dock on Gull Pond. Great room with vaulted ceilings, gourmet kitchen, and fireplace. Four bedrooms, four-and-one-half baths, lower level living area with elevator. Web# 2672864. Kathy Rosenbaum, O: 631.477.2220,

C: 516.318.4177

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Of all the ways to arrive on Long Island, the loveliest may be by boat. Here, beautiful mansions overlook Huntington Harbor, filled with all manner of watercraft— from luxury yachts to charming sailboats. 156

Photograph by Tatijana Shoan

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travels along

ROUTE 25A

THE SUN'S RAYS BROKE THROUGH THE BRANCHES OF THE TREES. THE SCENT OF BRINY AIR AND FRESHLY CUT GRASS WAFTED THROUGH THE WINDOWS OF OUR CAR. THE RADIO WAS SILENT. IT HAD BEEN A LONG TIME SINCE I HAD LISTENED TO THE SOUND OF RUSTLING LEAVES. I FELT FAR FROM HOME, FROM MANHATTAN, WHERE TIME WHIRLS LIKE A DERVISH. BUT WITHIN 45 SHORT MINUTES, OUR WORLD CHANGED TO OPEN ROADS AND THE OCEAN WITHIN ARM'S REACH. 158

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PORT WASHINGTON

DAY 1 Our first stop was Port Washington, a seaside town studded with marinas and a collection of family-run shops and restaurants. We strolled through the marina and found a taxi boat (portwatertaxi .com), which moonlights as a tour boat Thursday through Sunday, taking guests on afternoon and sunset cruises to lighthouses on the Long Island Sound. At local favorite Louie’s Oyster Bar & Grille, we indulged in a lunch of raw oysters and steamers before heading off to shop at Americana Manhasset, the Madison Avenue of Nassau County. The high-end open-air shopping center is a

Clockwise from far left: The view from Louie's Oyster Bar & Grille; the Charles II, a boat taxi that moonlights as a tour boat, and its captain; a local Port Washington shop; oysters at Louie's; and a French bistro, also in Port Washington.

point of reference for inhabitants of this affluent community. After an afternoon of boutique hopping, shoppers have two choices for a satisfying meal and a place to rest their weary feet—Cipollini for Italian or Toku for modern Asian. Our next stop was the town of Roslyn, where the buildings on tree-lined Main Street predate the Civil War and are maintained by their proud proprietors. Roslyn is also known for its many restaurants—from Greek to modern American. One notable eatery is Thyme, which also

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AMERICANA MANHASSET

This page, clockwise from left: late afternoon at the Americana Manhasset mall; scenes from Roslyn's Main Street.

serves up beautiful views overlooking a duck pond. PostThyme, we ordered frozen-yogurt cones from the sweet shop Yolo Yogurt & Desserts and enjoyed them under a veranda while watching passersby. Just after sunset we drove down a serpentine street with majestic old homes and pulled into the driveway of the Georgian-style Glen Cove Mansion, now a hotel. Built in 1910, it is one of the magnificent abodes that used to populate this tony region, called Long Island’s Gold Coast. Within the mansion is Pub 1910. Since we booked a room at the hotel, we had a casual dinner at the pub and watched it fill up with local characters who came to see and dance to the live jazz band.

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ROSLYN


NASSAU COUNTY MUSEUM

GLEN COVE MANSION

This page, from left: Poolside behind the historic Glen Clove Mansion hotel; a sculpture by Allen Bertoldi at the Nassau County Museum; the entryway to the Creek Club, a private club near Glen Cove Mansion.

DAY 2 After soaking up the early-morning sun and enjoying our coffee poolside, we set out to the Nassau County Museum of Art, renowned for its sculpture garden. The 145-acre property is home

THE CREEK CLUB

to works by such contemporary artists as Fernando Botero, Richard Serra and Allen Bertoldi. After a few magical hours wandering around its art-studded lawns, we headed to the North Shore Equestrian Center for a good dose of country. The center is on the grounds of Long Island University campus, so I was surprised to see how rustic it was. We walked to the stalls to pet and help feed the horses. On our way to the equestrian center, we passed the De Seversky Mansion, a place of elegant beauty. Even though a wedding prevented us from going inside, we got our money’s worth: We were awestruck by the Gatsby-era grandeur as we explored the grounds. Our next stop was the Planting Fields Arboretum State Historic Park, a breathtaking historic park in Oyster Bay.

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NORTH SHORE EQUESTRIAN CENTER

This page: Stops along the road during Day 2, including the Gatsby-era De Seversky Mansion.

DE SEVERSKY MANSION

Once inside, I felt as though I had entered a secret garden. This 409-acre former estate boasts greenhouses filled with local and exotic plants as well as gardens, paths and mansions. Later we stopped at Cold Spring Harbor, a waterside town with a little firehouse museum, a selection of shops and restaurants and a nearby beach. At the Cold Spring Harbor Wine Shoppe, we sampled wines and also took note of the store’s solid selection of local, domestic and international wines as well as liquors. Next, we went to Huntington village for dinner. Huntington is the largest of the towns we

PLANTING FIELDS ARBORETUM STATE HISTORIC PARK

visited, and it has a vibrant nightlife. During our quest for the perfect dinner spot, we came across Ideal Cheese & Wine Cafe, which has a robust offering of international cheeses, wine and foodie condiments. We left with French cheeses, Croatian fig jam and English crackers for a late-night snack. On the recommendation of the owner’s son, for dinner we headed to Prime, a popular place overlooking the harbor—and just perfect for cocktails at sunset. We settled in that night at Danford's Hotel & Marina in the beach town of Port Jefferson. There, open-air restaurants serving local seafood stay open late, as does the popular ice cream shop The Frigate, which sells homemade ices on a stick, ice cream, fudge and doggie desserts.

DAY 3 We awoke to the sound of boat horns as vessels left the harbor. The water was still, and a soft mist blanketed the town, leaving behind morning dew. We picked up fresh fruits and vegetables at the farmers market before heading to Stony Brook, an immaculate historic village nestled on a hill overlooking the water. A sign that read “Olive Oil Tasting” lured us into The Crushed Olive. Inside we found oils from around the world and some of the finest balsamic vinegars sold. Our final stop was Youngs Farm in Glen Head. The enticing aroma of fresh-baked pies, breads and homemade jams drew us in, and we left with a mixed berry-and-peach cobbler. Then we began the return trip home. It was nightfall when the lights of Manhattan came into view from a distance. I was mentally preparing myself for the demands of the week ahead, but I stepped back: I held on to the pleasures of my last few days, knowing that this fine respite is always just 45 minutes away.

Tatijana Shoan is the editor-in-chief of AS IF magazine.

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This page, from left: the Fire House Museum and a harbor view in Cold Spring. Below: scenes from Stony Brook, Port Jefferson, and Huntington.

COLD SPRING HARBOR

STONY BROOK

HUNTINGTON

PORT JEFFERSON

YOUNGS FARM

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2Q-2014

Condo & Single Family Sales

LONG ISLAND PRICES UP

ABSORPTION RATE UP

1.4 11.8 %

Median sales price this quarter was $360,000, as compared to $355,000 in the prior year quarter.

TOTAL CLOSED SALES DOWN

%

At the current rate of sales, it would take 10.4 months to sell existing inventory, as compared to 9.3 months in the prior year quarter. An increase in absorption rate indicates a slower market pace.

INVENTORY UP

6.3 5.6 %

There were 4,950 sales this quarter, a decrease of 331 sales from the same quarter last year.

LESS DAYS ON MARKET

There were 17,208 listings this quarter, as compared to 16,300 listings in the prior year quarter.

NEGOTIABILITY DOWN

6 0.7

DAYS FASTER

Days on market this quarter was 117 days, as compared to 123 days in the prior year quarter.

%

%

Listing discount is the % difference between the list price at time of sale and the sales price. An increase in listing discount reflects greater negotiability by sellers. The listing discount was 5.0% this quarter, as compared to 5.7% in the prior year quarter.

Data Provided by Miller Samuel Inc. Appraisal and Consulting Services


The North Shore

LONG ISL AND

20-ACRE ESQUESTRIAN ESTATE | BROOKVILLE | $6,999,000 Twelve‑room manor house plus four additional houses and fifteen‑stall barn, two additional barns, and several corrals on a 20‑acre equestrian estate. Web# 2659437. Locust Valley Office, O: 516.759.0400

CIRCA GEORGIAN MANOR HOME | BROOKVILLE | PRICE UPON REQUEST Gated courtyard entrance to brick twenty-five-room manor home on over 7 acres with formal gardens, pool and pool house, par-three golf hole, including ballroom, banquet dining room, billiard room, library, morning room, Smallbone kitchen with breakfast room. Web# 2643813. Mollie Grossman, O: 516.629.2221, C: 516.521.5335

PRIME ESTATES SECTION | GARDEN CITY | $1,599,000 Elegant all-brick four-bedroom Colonial has five-and-one-half baths, a “chef’s delight” kitchen, great room, and master suite with boudoir. Additional amenities include: snow-melt system, radiant heat in bathrooms, custom millwork, and full finished basement. Web# 2693091. Carol Poetsch, O: 516.681.2600, C: 516.639.7730

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The North Shore

IDYLLIC COLONIAL | OLD WESTBURY | $6,350,000 Sequestered over 3.5 acres, this majestic brick Colonial on Polo Estates offers six bedrooms. Boasting all the amenities for luxury living, this stunning residence includes an in-ground Gunite pool, Har-Tru tennis court, and three-car garage. Web# 2689782.

ELEGANCE & CHARM | OLD WESTBURY | $5,250,000 Private gated, exquisitely finished brick Colonial sits on over 3 acres and boasts the finest craftsmanship. Opulent master suite with sitting room, marble spa bath with balcony, chef’s gourmet kitchen, and wine cellar. One-of-a-kind masterpiece. Web# 2678183.

LUXURIOUS COLONIAL | OLD WESTBURY | $2,648,000 Luxurious custom-built brick residence situated on 2 flat acres within a private culde-sac boasts ample living space, which includes five bedrooms, five baths, chef’s kitchen, spacious playroom, bonus room, and maid’s room. Web# 2660765.

QUINTESSENTIAL ESTATE | OLD WESTBURY | $5,998,000 Spectacular estate designed by renowned architect Ulrich Franzen sits on one of the highest points on Long Island. Two antique rooms from the original house, restored gardens and lawns create timeless history with modern amenities. Web# 2694725.

MARIA BABAEV, Lic. Assoc. R.E. Broker | O: 516.621.3555 | C: 516.287.7716 | maria.babaev@elliman.com

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The North Shore

LONG ISL AND

FORT HILL HOUSE | LLOYD NECK | $10,800,000 Historical waterfront estate nestled high on a bluff overlooking Cold Spring Harbor and Long Island Sound encompasses over 10 acres of unparalleled property with 1,800 ft beach front with dock and lush lawns. Masterfully restored. Web# 2692320.

LUXURY RESORT STYLE LIVING | LATTINGTOWN | $2,198,000 Resort-style living in this spectacular mini-estate on 2 landscaped acres with views of the Long Island Sound. Stunning seven-bedroom ultra-modern with heated granite floors, security surveillance, and Hydron open loop geothermal system. Web# 2673494.

BREATHTAKING WATERFRONT VILLA | GLEN COVE | $3,888,000 Spectacular waterfront setting on East Island. Stunning Colonial offers panoramic views with access to beachfront. Fine craftsmanship includes soaring ceilings, Brazilian cherry floors, radiant heat, an incredible finished basement with two playrooms. Web# 2679279.

MARIA BABAEV, Lic. Assoc. R.E. Broker | O: 516.621.3555 | C: 516.287.7716 | maria.babaev@elliman.com

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The North Shore

CLASSIC ELEGANCE | HUNTINGTON BAY | $2,295,000 Elegantly renovated waterfront property will enchant all who visit. The gracious twelve-room interior has classic details and six fireplaces. Enjoy the spectacular western water views at sunset. Lovely park-like property with in-ground pool and cabana. Web# 2685750. Northport Office, O: 631.261.6800

PRIVATE MINI-ESTATE | HUNTINGTON BAY | $1,850,000 Elegantly renovated and expanded custom Ranch has ten spacious rooms, two master suites, three fireplaces, and five full baths. It is set back on 2+ acres of park-like property with an in-ground pool and deeded beach and mooring. Web# *1202904. Jody Schmid, O: 631.498.1735, C: 631.662.5694

TUDOR AT ITS BEST | GREAT NECK | $1,688,000 1929 Frank J. Foster French Normandy Chateau. Master suite with cathedral ceiling, screened porch, two additional bedrooms, and two full marble and limestone baths. Gourmet kitchen with butler’s pantry, custom cherrywood library, slate patios, and Koi pond. Web# 2695854. Locust Valley Office, O: 516.759.0400

ENGLISH TUDOR | GARDEN CITY | $1,199,000 Completely renovated Tudor in the heart of Estates, lush gardens, chef’s kitchen, and convenient to all. Move right in to this four-bedroom, three-and-one-halfbath home. Web# 2696304. Denice Giacometti, O: 516.307.9406, C: 516.398.7468 Lisa Duggan, O: 516.364.2593, C: 516.680.1780

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The North Shore

LONG ISL AND

HAVING IT ALL | COLD SPRING HARBOR | $4,199,999 This six-year young, five-bedroom and five-and-one-half-bath residence on 2.5 acres boasts extraordinary architectural detail throughout. Complemented by all luxury amenities while offering a Hamptons resort lifestyle. This well-conceived estate offers the ultimate entertaining, complete with theater, gym, wine cellar, and stunning outdoor pool and tennis complex. Come experience this impeccable home. Web# 2673682.

TRUE HAMPTONS ALTERNATIVE | UPPER BROOKVILLE | $1,899,000 This impressive four-bedroom, three-and-one-half-bath Ranch family residence in Upper Brookville conveys simple elegance with exquisite and stunning details. State-of-the-art amenities throughout complement this exceptional retreat, which exudes both warmth and sophistication with resort-like pool and cabana. Master en suite on main level. Web# 2640521.

ENTERTAINER’S DELIGHT | OLD BROOKVILLE | $1,828,000 This sprawling five-bedroom Contemporary home is nestled on meticulously landscaped park-like grounds. An impeccably maintained residence boasts a soaring two-story magnificent living room with dual fireplace. There is an effortless transition from indoor living to the spectacular outdoor pool, patio, and tennis complex. Master en suite on main level. Web# 2702342.

MAUREEN POLYÉ, Lic. Assoc. R.E. Broker | O: 516.582.5646 | C: 646.239.0769 | maureen.polye@elliman.com

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The North Shore

“NOBEL VIEW” | LLOYD HARBOR | $4,500,000 Why not have it all? This 1906 spacious and historic home is situated in Long Island’s Gold Coast on a masterfully designed 7+ acre estate overlooking Cold Spring Harbor. An elegant separate guest cottage opens to an in-ground pool and tennis court. Web# 2684565. Ruth Ann Hyne, O: 631.549.4400, C: 631.261.5877 Kelley J. Taylor, O: 631.549.4400, C: 631.553.6923

FIVE-YEAR YOUNG | KINGS POINT | $5,800,000 Custom-built, brick Center Hall Colonial. State-of-the-art interior, grand entry foyer with bridal staircase, five family bedrooms, five full- and one half-baths. Formal living room, dining room, gourmet kitchen, top-of-the-line appliances, breakfast area, family room, and library. Web# 2670622. Jennifer Lo, O: 516.466.2100, C: 516.376.9212

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TRANQUIL & PRIVATE | LAUREL HOLLOW | $2,250,000 Traditional home on 2.05 lush acres. Formal entrance foyer with inlaid tile floors, great room with stone fireplace, gourmet kitchen, first-floor master suite + three additional en suites. Entertainer’s backyard, outdoor kitchen, heated pool, and hot tub. Web# 2685390. East Norwich Office, 516.624.9000


The North Shore

LONG ISL AND

ELEGANCE ON ELDERFIELDS | FLOWER HILL | $4,995,000 Grand stone five-bedroom Center Hall Colonial on one of the most prestigious streets on The North Shore offers stunning entertaining rooms on 1 acre of majestic property with pool and cabana. Web# 2696070.

THE ART OF FINE LIVING | FLOWER HILL | $4,350,000 Set on 1.06 acres on a quaint cul-de-sac, this custom-built five-bedroom brick Center Hall Colonial offers 6,250 sf of luxury with 10 ft+ ceilings and incredible architectural details throughout. Web# 2666561.

PRIVATE OASIS AT MORGAN COURT | PLANDOME MANOR | $4,788,000 Perched high atop Manhasset Bay on a secluded cul-de-sac overlooking a 35-acre preserve is the perfect setting for this 5,600 sf masterpiece by architect Michael J. Wallin. Early Spring 2015 completion and still time to customize. Web# 2668844.

SOPHISTICATED GRAND MANOR | FLOWER HILL | $3,898,000 This 1938 stylish six-bedroom Stone English Tudor has been completely renovated and expanded, blending Old World architectural elements with state-of-the-art amenities on 1 acre of park-like property. Web# 2668818.

TRACI CONWAY CLINTON, Lic. R.E. Salesperson | O: 516.627.2800 | C: 516.857.0987 | traci.clinton@elliman.com

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The North Shore

SUPERB PANORAMIC VIEWS | LLOYD HARBOR | $2,000,000 Postmodern architectural showcase. Spacious and airy four-bedroom, five-andone-half-bath, 6,000 sf home. Features heated Gunite saltwater pool, spa, floor-toceiling windows, gourmet eat-in kitchen, granite fireplace, steps to Fort Hill Beach Association. Web# 2678185. Katarzyna Doherty, O: 516.681.2600, C: 516.350.3515 Lenny Rosenfeld, O: 516.681.2600, C: 516.835.8088

CUSTOM COLONIAL ESTATE | LLOYD HARBOR | $2,750,000 Nestled on 2.2 acres, this home features custom Clive Christian kitchen, five bedrooms, six+ baths, cigar room, pool room, Gunite pool, finished basement with living quarters. Home boasts elegance throughout. Web# 2671570. Idalina “Lina” Lopes Jata, O: 631.363.5462, C: 631.487.3113

EXPLORE THIS ELEGANT COLONIAL | LOCUST VALLEY | $2,999,989 Situated on 2+ acres of property, this home boasts a breathtaking chef’s kitchen with butler’s pantry and a magnificent master suite with full bath. This home has five bedrooms, five full- and one half-baths, six fireplaces, in-ground pool, threecar garage, full-finished basement, and much more. Must see to appreciate. Web# 2400409. Sibel Huryilmaz, O: 516.746.0440, C: 516.650.2966

BEST LOCATION PEACE AND QUIET | MANHASSET | $1,300,000 Stunning three-bedroom brick condo. Beautiful showcase with own private patio overlooking the North Hills Golf Course. Exceptional large master bedroom suite, hardwood floors, community swimming pool, and tennis court. Web# 2680865. William Chung, O: 516.466.2100, C: 516.287.3628

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The North Shore

LONG ISL AND

BRAND NEW WATERFRONT HOME | SANDS POINT | $12,000,000 Sophisticated Norman Jaffe, six bedrooms, seven full- and one half-baths. Sited on over 2 acres with 290 ft water frontage sandy beach, overlooks the Long Island Sound and the majestic Manhattan skyline. Landscaping by Chris LaGuardia. Only 36 minutes to Manhattan on the LIRR. Web# 2701834.

EVA LEE, Licensed R.E. Salesperson | O: 516.944.2854 | C: 516.859.1887 | eva.lee@elliman.com

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The North Shore

MATINECOCK FARMS | MATINECOCK | $1,295,000 Meticulously maintained farm ranch with exquisite details on 1 acre of professionally landscaped property with scenic view of pond. Master bedroom suite on main with Jacuzzi and separate shower. Two additional bedrooms with two full- and two halfbaths. Web# 2690951. Locust Valley Office, O: 516.759.0400

REMINISCENT OF THE ADIRONDACKS | MILL NECK | $2,400,000 Quintessential lakefront Colonial situated on 5+ acres of secluded privacy is reminiscent of the Adirondacks. This four-bedroom, five-and-one-half-bath home offers living room, library with fireplace, large eat-in kitchen, and recreational room with balcony. Web# 2689653. Locust Valley Office, O: 516.759.0400

ESTATES AT GREENFIELDS | OLD BROOKVILLE | $5,888,000 Gold Coast estate home featuring lavish appointments and masterful architectural details in a premier cul-de-sac location. Grand debut breaking ground in 2015. All brick 8,000 sf home with chance to customize now. Features include foyer with sweeping stairs, library, breakfast room, family room, center-island kitchen, and master suite with dual fireplace. Web# 2688492. Roberta Feuerstein, O: 516.364.2505

NEW CUSTOM-BUILT LUXURY HOME | OYSTER BAY COVE | $2,998,000 Tranquil 2+ acres in gated estate, quality craftsmanship, six bedrooms all en suite, eight baths, gourmet kitchen, butler’s/wet bar, soaring 18 ft stone fireplace, radiant heat throughout, state-of-the-art video surveillance/alarm system, home automation and room for pool. Web# 2692534. East Norwich Office, O: 516.624.9000

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The North Shore

LONG ISL AND

ELITE BEACHFRONT LIVING | SANDS POINT | $9,999,999 A masterpiece of style, luxury, and livability makes this six-bedroom estate a true home and the setting for movies and TV shows. Breathtaking water views and sunsets from every room. Magnificent lawns, 300 ft beach, private dock, and pool. Web# 2704652.

MODERN WATER VIEW | SANDS POINT | $3,499,000 Designed by renowned architect Myron Goldfinger, this five-bedroom home offers floor-to-ceiling windows bringing the outside beauty indoors. Expansive water views from great room and amazing master suite. “South Beach” pool deck + tennis court. Web# 2694569.

JILL BERMAN, Lic. R.E. Salesperson | O: 516.944.2852 | C: 516.375.9101 | jill.berman@elliman.com

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The North Shore

EXECUTIVE LIFESTYLE | OLD BROOKVILLE | $6,850,000 Magnificent offering. This newly custom-built 12,000 sf, inclusive of 4,000 sf lower level with wine tasting room and movie theater, traditional Georgian brick Colonial is sited on 4 acres with pool, two-story pool house, and extraordinary landscaped grounds. Web# 2591089. Michael Stanco, O: 516.759.0400, C: 917.293.0915 Richard Stein, O: 516.629.2232, C: 516.708.6001

BEST OF ALL WORLDS | SANDS POINT | $2,880,000 Classic elegance is thoughtfully updated for the 21st century. Master suite has brand new spa-like bath. Five bedrooms, four full- and two half-baths including an additional en suite with new bath. Spectacular pool with pool house on 1.36 acres of gorgeous gardens. Web# 2643671. Denise Silverstein, O: 516.944.2928 C: 917.859.3500; Maggie Keats, O: 516.944.2879, C: 516.449.7598

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STUNNING AND SPACIOUS | SANDS POINT | $2,318,000 Five bedrooms, four-and-one-half baths and 5,000 sf of drama, elegance, and quality. Open living spaces with soaring ceilings, and private quarters featuring sumptuous room sizes and impeccable attention to detail. Lush 2 acres. Web# 2654931. Maggie Keats, O: 516.944.2879, C: 516.449.7598 Jennifer Lo, O: 516.466.2100, C: 516.376.9212


The North Shore

LONG ISL AND

EXCEPTIONAL ENGLISH TUDOR | SANDS POINT | $3,399,000 Light, bright and elegant: Luxe master suite with balcony + four bedrooms, four full baths, one half-bath, and grand scale rooms. This home represents a perfect marriage of modern amenities and original detail. Sprawling 2+ flat, lush acres. Pool and outfitted pool house. Web# 2672821.

ESTATE LIVING | SANDS POINT | $3,800,000 Every room, amenity, and detail have been carefully considered to ensure you will never want to leave home. Five bedrooms, five full baths and one half-bath beautifully updated and appointed with 5,668 sf of living space. A home like this rarely comes on the market. 1.63 acres with pool, pool house, and tennis. Web# 2684722.

MAGGIE KEATS, Lic. Assoc. R.E. Broker | O: 516.944.2879 | C: 516.449.7598 | maggie.keats@elliman.com

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North Shore | Suffolk

WATER VIEW GOLD COAST COLONIAL | SANDS POINT | $3,300,000 Expansive water views from this classic twelve-room manor home, boasting grand scale principal rooms, five wood-burning fireplaces, six bedrooms, five full baths, two half-baths, full house finished basement, cabana, pool, tennis, private beach. 33 minutes to New York City. Web# 2679588. Nancy Tobin, O: 516.944.2902 C: 516.509.9765; Maria Rovegno, O: 516.944.2858, C: 516.729.2413

GOLD COAST HOME OF DISTINCTION | UPPER BROOKVILLE | $3,198,000 Magnificent 8,600 sf home built by renowned architects with master craftsmanship. Features a grand foyer, dramatic open floor plan with soaring ceilings and walls of glass overlooking 2+ lush acres with pool and tennis court. Web# 2695739. Roberta Feuerstein, O: 516.364.2505, C: 631.680.0603

THE CASTLE | BROOKHAVEN | $1,695,000 Castle nestled on 9.75 acres bordering nature preserve and bay. Completely remodeled five-bedroom, two+ bath castle with grand entrance, and formal dining room fit for a king. True European living and privacy galore. Web# 2680590. Idalina “Lina” Lopes Jata, O: 631.363.5462, C: 631.487.3113

BAYFRONT 1.5+ ACRE PRIME VALUE | BAYPORT | $1,195,000 High elevation non-flood zone tucked away in a cul-de-sac setting with 550+ ft deep lot, bulk-headed sandy beach, three fireplaces, and forever sunrise-to-sunset views just 60 miles to mid-Manhattan. Preview this “Blue Chip” investment opportunity today. Web# 2675012. Norm Marcioch, O: 631.218.3688, C: 631.804.6820

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Suffolk

LONG ISL AND

SPECTACULAR CUSTOM COLONIAL | DIX HILLS | $1,699,000 Totally redone in last five years with no expense spared inside or outside. Topof-the-line and quality beyond belief. Gorgeous new custom baths and designer kitchen. Backyard is a paradise with kitchens, in-ground pool, tennis court, and covered entertainment area. Web# 2667807. Madeleine Camay, O: 516.921.2262 C: 516.818.3947

DIX HILLS NEW CONSTRUCTION | DIX HILLS | $1,598,000 Colonial 4,400 sf with the latest design for today’s savvy stylist. Professional cook’s center, island kitchen, six master-sized bedrooms all en suite, lavish master suite with fireplace, and incredible closets. Full basement with outside entrance. Web# 2685297. Roberta Feuerstein, O: 516.921.2262, C: 631.680.0603

GRAND COLONIAL | DIX HILLS | $849,000 Resting high on a hill, on an acre +, secluded wooded grounds, four bedrooms, three-and-one-half baths, eat-in kitchen, formal dining room, den with woodburning fireplace, finished basement, two-zone central air conditioning, oak floors, cul-desac, two-car garage. Web# 2694246. Cindy Succoso, O: 516.795.3456 C: 516.635.6065

CUL-DE-SAC | EAST ISLIP | $839,000 Mint Colonial with five bedrooms, two full baths, two half-baths, living room, den with fireplace, spacious kitchen, formal dining room, au pair suite, and finished basement. Large and very quiet property. Web# 2687118. Babylon Office, 631.422.7510

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Suffolk

EXQUISITE MASTERPIECE RESIDENCE | NISSEQUOGUE | $3,599,000 Nestled on 2 acres, this North Shore masterpiece boasts the finest of craftsmanship and attention to detail. Gunite in-ground pool is surrounded by lush nature preserve with access to the beach and seven-car heated garage. Web# 2684401. Maria Orlandi, O: 631.543.9400, C: 631.697.0474

SOUTH SHORE’S BEST KEPT SECRET | GREAT RIVER | $1,100,000 Beautiful Colonial features foyer with spiral staircase, formal dining room, den with fireplace, library with built-in bookshelves and fireplace, sunlit conservatory, six bedrooms, and deeded dock. Web# 2676063. East Islip Office, O: 631.581.8855

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HIDDEN HOLLOW FARM | FORT SALONGA | $1,189,000 Private and secluded horse farm set on 2.55 acres. This Victorian home features a gourmet kitchen with top-of-the-line appliances, granite, ample room for entertaining, a guest cottage, two large barns, seven stalls, a lit riding ring, all turnkey ready. Web# 2677955. Northport Office, O: 631.261.6800


Suffolk | Nassau

LONG ISL AND

PERFECT PRIVATE SANCTUARY | OLD FIELD | $9,900,000 Luxurious waterfront retreat situated on 6.47 acres to take advantage of the sunset view. Thoughtfully designed with stately chef’s kitchen, wine room, theater, elaborate gym and outdoor poolside living room complete with fireplace and pizza oven. Web# 2685491. Alexia Poulos, O: 631.246.7877, C: 631.457.3262; Carol Acker, O: 631.751.6000 C: 631.404.2460

SPECTACULAR WATERFRONT | STRONGS NECK | PRICE UPON REQUEST Situated on 1.84 breathtaking acres, 400+ frontage on Little Bay. Boasting stunning views with western sunsets, no detail is overlooked from the coffered ceilings to the maple floors to the chef’s kitchen. Jet ski in your own backyard paradise. Web# 2676371. Kathy Pagano, O: 631.246.7855, C: 631.678.1534

STYLE, COMFORT, AND LUXURY | HEWLETT HARBOR | $1,499,000 Thoughtfully designed and updated, this five-bedroom Colonial offers a comfortable home for today’s lifestyle. Designer kitchen with state-of-the-art appliances and spacious master suite with tray ceiling. Resort-like grounds with pool, patio, and gorgeous water views. Web# 2693908. Ronnie Gerber, O: 516.623.2776, C: 516.238.4299

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RAISED WATERFRONT MASTERPIECE | HEWLETT HARBOR | $2,900,000 Custom-built to suit the most discerning taste, this Waterfront home boasts five+ bedrooms, four-and-one-half baths. Pool, boat dock, great room with gourmet kitchen, custom stone and millwork, soaring ceilings, full basement, built on a berm protected from flooding. Web# 2701075. Alex Rubin, O: 516.763.6101, C: 516.236.3924 Matthew Hazan, O: 516.432.3400, C: 917.584.9009

SPRAWLING & SPECTACULAR RANCH | LAWRENCE | $2,899,000 Custom seven-bedroom Ranch on 1.34 acre property featuring a screen enclosure over saltwater pool, outdoor kitchen, hot tub, mini golf, and more. Master suite with dual baths. Two-bedroom carriage house with multi-car garage on lavishly landscaped grounds. Web# 2671279. Ronnie Gerber, O: 516.623.2776, C: 516.238.4299

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COUNTRY LIVING AT ITS BEST | LAWRENCE | $1,950,000 Fabulous Colonial on 2.8 acres of gorgeous land, dramatic entrance, grand dining room, four fireplaces, seven bedrooms, four full- and-two-half baths, central air conditioning, all systems upgraded, and wonderful garden with in-ground pool. Secluded, yet near all. Web# 2671393. Judy Seide, O: 516.354.6500, C: 516.633.6464


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LONG ISL AND

LIDO DUNES BEACH HOME | LIDO BEACH | $1,495,000 Prestigious Lido Dunes Private Beach Community is located only 55 minutes to Manhattan by rail. Home was completely upgraded in 2011 featuring three bedrooms and three full baths. Open floor plan and heated swimming pool make this home great for entertaining. Web# 2679475. Joyce Coletti, O: 516.763.6150 C: 516.313.2700

LONG BEACH OCEANFRONT CONDO | LONG BEACH | $1,195,000 Magnificent ocean view Condo with dedicated elevator service to stone floor foyer. Located in the ultimate luxury condo in Long Beach with two-to-three bedrooms (office or second bedroom), distinctive granite countertops with mosaic glass tile backsplash, Wolf gas range. Amenities galore. Web# 2647809. Tom Tripodi, O: 516.763.6125, C: 516.902.3497

BEAUTIFUL OPEN BAY | MERRICK | $946,000 Welcome to this open bay, meticulous Splanch located in prestigious deep south Merrick, living room with full views of the bay, four bedrooms, two full- and onehalf baths, hardwood floors, den with wood-burning fireplace and sliders to yard, new bulkhead, two-car garage. Web# 2694579. Kathleen Raffio, O: 516.795.3456 C: 516.946.6996

HAMLET ESTATES GATED COMMUNITY | PLAINVIEW | $1,100,000 Beautiful four-bedroom Ashford model with main level master suite boasts many updated amenities; gourmet kitchen with gas cooking, surround sound, and finished basement with den and full bath. Beautiful yard with estate fencing, barbecue, and hot tub. Web# 2669532. Elyse Mayer, O: 516.364.2254 C: 516.359.0542

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FORT LAUDERDALE BEACH FORT LAUDERDALE, FL 184

The graceful promenade alongside Fort Lauderdale’s signature wave wall, which stretches for more than two miles beside the white sand and swaying palm trees of one of the East Coast’s most beautiful beaches.

Photograph by Jeffery Salter

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HIDDEN GEM By SAMANTHA MARSHALL

FORT LAUDERDALE, WITH ITS LANGUID WATERWAYS, UNSPOILED BEACHES AND LANDMARKED PROPERTIES, IS ENJOYING ITS MOMENT IN THE SUN

Photograph by Ruth Peterkin/Shutterstock ASKELLIMAN.COM

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fter living in Chicago for 15 years, Cliff and Sara Williams wanted no more polar vortexes. The entrepreneurial couple could run their successful IT consultancy from anywhere, so six months ago they decided to achieve their dream of living by the beach in sunny South Florida. “We left with no regrets,” recalls Sara. “We were done with the cold.” But the pair still had to decide where, exactly, they wanted to move. First they looked at Miami, which seemed fun, but a little too lively for their taste. They then considered a few communities to the north, which were pleasant but lacked some of the cosmopolitan amenities to which they were accustomed. Finally, they discovered Fort Lauderdale. After exploring the town—which has all the attractions of a world-class city within a calm oasis of lush gardens, tree-lined avenues and scenic waterways—they were sold. The Williams bought a condo on Sunrise Boulevard, just north of the beachfront bars and restaurants, with sweeping vistas of the beach, the marina and Fort Lauderdale’s growing skyline of shimmering glass towers. “I love the balanced feel of this city,” says Sara. “It has a combination of urban and suburban with the look of the Old South, and the nearest Capital Grille is within walking distance from our home.” The Williams discovered what longtime residents have always known: that Fort Lauderdale is a hidden gem. Often associated with college kids on spring break and grandparents seeking blue-plate specials, the city has been overlooked by cruise-ship crowds heading to Port Everglades and tourists on I-95 bound for Miami. They don’t realize what they’re missing: the architectural splendor of the stately homes that hug the Venetian-style waterways, the majestic yachts parked in the marina and the hip cafés, bars, boutiques and art galleries that line Las Olas Boulevard. One of Fort Lauderdale’s main draws is its expansive beach. You can watch cruise ships while paddle-boarding in the surf, sample seafood cartoccio and take in the ocean view at Spazio’s, or enjoy a cold one at the Beach Boulevard favorite Elbo Room.

Photographs by JEFFERY SALTER

There are also some unexpected treasures, such as the Classic Gateway Theatre, founded in 1951. It has been lovingly preserved to retain its retro feel. The arthouse cinema is one of the many places where Fort Lauderdale residents get their culture and entertainment fix. For a taste of old-world, colonial-style luxury, one of Fort Lauderdale’s best-kept secrets is the Lago Mar Resort on Harbor Beach, where you can spend the day on its 500-foot-long beach, or enjoy spa treatments in an architectural setting that rivals any of South Beach’s art deco hotels. Gracious but unpretentious, exclusive yet welcoming, this is where discerning locals and travelers go to be pampered, surrounded by intricately carved wooden beams and dazzling mosaictiled floors. The family-friendly hotel, which opened in 1959, was the first in Broward County to make the Condé Nast Traveler’s Gold List of “World’s Best Places to Stay.” Another jewel is Colee Hammock Park, located just off Las Olas on the banks of the New River: a green sanctuary where you can sit on a bench in the shade of a sprawling ancient oak tree and admire the meticulously restored homes of billionaires on the other side of the river. There is even a book drop at the entrance to the park, where locals regularly donate and pick up books, which is a testament to the relaxed, neighborly vibe. For all its country charm, make no mistake: Fort Lauderdale is very much a city, one where major financial institutions are headquartered and industry is booming, from billion-dollar property developments to the world’s largest boat trade show in October. Big business is happening here, and much of it is concentrated downtown on Las Olas between Fourth and Fifth Streets, where on Thursday and Friday nights

restaurants and bars are buzzing with urban professionals. Although the area is diverse, it is united by its caring community. People from all walks of life have settled in Fort Lauderdale, drawn to the relaxed pace. Cyclists and motorists wave at each other and strangers strike up conversations as they feed tarpon from the dock at the 15th Street Fisheries. The strong sense of community goes back decades. Landscape architect L. Thomas Chancey recalls moving to Fort Lauderdale with his family in 1956, when he was a 13-year-old boy. Chancey was witness to the first major boom later that decade, after a tunnel was built under the New River, bringing more traffic through the town. “It was very small and country, then all of a sudden, it took off,” he says. He remembers watching the filming of the 1960 movie Where the Boys Are, which put the town on the map, and meeting celebrities such as Johnny Carson, Ed McMahon and Colonel Saunders, whose grounds around his sumptuous mansion Chancey landscaped. A fierce protector of the natural beauty of his town, Chancey has waged and won many battles to preserve Fort Lauderdale’s most treasured assets: its trees. The city is unusual for its abundance of green, flourishing even on the busiest avenues. It is thanks, in part, to Chancey, who has saved and transplanted some 450 ancient trees—from the rare capon oak in Colee Hammock to the flowering kapoks and iconic coconut palms. Today, despite new condo developments, the town’s quiet waterways and streets have stayed hidden under the tropical canopy. It is one of the things that veteran resident Chancey and newcomers such as Sara and Clifford Williams hope will never change.

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2Q-2014

Median Sales Price

FLORIDA MIAMI BEACH /BARRIER ISLAND CONDO & SINGLE FAMILY

MIAMI COASTAL MAINLAND CONDO & SINGLE FAMILY

5.4 11.9 %

Median sales price this quarter was $390,000 as compared to $370,000 in the prior year quarter.

BOCA RATON Condo & Townhouse

25 % 10.8

%

FORT LAUDERDALE Condo & Townhouse

Median sales price this quarter was $277,067 as compared to $250,000 in the prior year quarter.

PALM BEACH Condo & Townhouse

5.8

Median sales price this quarter was $175,000 as compared to $140,000 in the prior year quarter.

%

Median sales price this quarter was $622,000 as compared to $660,000 in the prior year quarter.

%

Median sales price this quarter was $235,000 as compared to $210,000 in the prior year quarter.

BOCA RATON Single Family

4.9

%

FORT LAUDERDALE Single Family

10.7 % 31

Data Provided by Miller Samuel Inc. Appraisal and Consulting Services

%

Median sales price this quarter was $366,000 as compared to $349,000 in the prior year quarter.

Median sales price this quarter was $298,750 as compared to $269,900 in the prior year quarter.

PALM BEACH Single Family Median sales price this quarter was $3,275,000 as compared to $2,500,000 in the prior year quarter.


FLORIDA

THE BÉLANGER ESTATE | DELRAY BEACH | $7,395,000 This Delray Beach gated showpiece estate is a serene hideaway with an extensive palm-fringed outdoor entertainment area. Designed by renowned Marc Michaels, this newly built Estate is a stylish masterwork with Mediterranean influences. The Estate features an extraordinary 120 ft of Intracoastal Waterway, a private dock, and an infinity edge pool. Located in the prominent area of the Delray Beach Historic District, the property is situated only blocks away from the ocean and Atlantic Avenue. Experience Florida living at its best. Web# RX-10045466.

PRESIDENTIAL PLACE | BOCA RATON | $4,195,000 A spectacular oceanfront four-bedroom luxury condominium offers breathtaking views of the ocean and Lake Boca Raton. Ralph Lauren design and an open floor plan make this a very elegant and inviting sun-filled residence. A beautifully finished oceanside cabana completes the offering. Web# RX-10066707.

ONE THOUSAND OCEAN | BOCA RATON | $4,495,000 An oceanfront villa with the most impeccable modern details sets a new standard for luxury living at the trophy address of One Thousand Ocean, the modernist architectural icon of South Florida. With high ceilings and spacious outdoor living space, Beach Villa 102 is complete with a private plunge pool on the terrace.

THE SENADA ADŽEM TEAM at Douglas Elliman Real Estate SENADA ADŽEM, Realtor Associate | O: 561.322.8208 | C: 917.913.6680 | senada.adzem@elliman.com

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SPECTACULAR SOUTH BEACH RETREAT | MIAMI BEACH | PRICE UPON REQUEST Rare opportunity at the ultra-exclusive Continuum North Tower. The residence, custom designed by the developer, features an expansive great room, four bedroom suites, four baths, family room, and an open gourmet kitchen. Enjoy breathtaking unobstructed views of the ocean, beach, and inlet from each one of the four separate terraces. Two adjoining poolside cabanas complete this unique retreat adding more than 800 sf of private interior living space to this exceptional five-star condo. 3,497 interior sf/5,521 total sf. Web# A1980968.

SEASIDE PROPERTIES TEAM at Douglas Elliman Real Estate NIKI HIGGINS, Broker Associate | O: 305.728.2448 | C: 954.817.2500 | niki.higgins@elliman.com

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SUPERB OCEANFRONT PENTHOUSE | PALM BEACH | $6,500,000 This penthouse with two grand verandas affords spectacular views of the ocean and Lake Worth. The residence boasts three bedrooms, four-and-a-half baths, family room, and library. This penthouse represents a superior level of luxury & quality in oceanfront living. Five-star condo. 4,951 interior sf/7,794 total sf. Web# A1944356.

PENTHOUSE IN THE SKY | FT. LAUDERDALE | $4,950,000 One of South Florida’s finest penthouses! Private thirtieth-floor residence. 360° ocean, city and Intracoastal views, eight terraces, 10 ft ceilings, custom kitchen, many upgrades, four bedrooms + den and three-and-a-half baths, gated five-star condo. 4,738 interior sf/5,742 total sf. Web# A1872652.

SEASIDE PROPERTIES TEAM at Douglas Elliman Real Estate NIKI HIGGINS, Broker Associate | O: 561.653.6210 | C: 954.817.2500 | niki.higgins@elliman.com

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ELITE OCEANFRONT LIVING | PALM BEACH | $5,395,000 Fully furnished unique New York style apartment, professionally decorated by award-winning designer sparing no expense. Featuring three bedrooms, four-and-a-half baths, plus an oversized beachfront lanai terrace. Five-star condo. 3,717 interior sf / 4,301 total sf. Web# A1893089.

BREATHTAKING 360 DEGREE VIEWS | FT. LAUDERDALE | $3,995,000 Fantastic opportunity! Partially demolished penthouse ready for customization. Features five bedrooms & four-and-a-half baths, and a huge 360° wraparound terrace with soaring views of the ocean, city, and Intracoastal. Five-star condo. 4,738 interior sf / 8,638 total sf. Web# A1892796.

FABULOUS FISHER ISLAND CONDO | FISHER ISLAND | $3,500,000 One of the world’s most exclusive addresses! Fantastic Fisher Island condo, minutes from South Beach. See-through floor plan, large terrace with stunning bay and Downtown Miami views, impact windows, marble floors, three bedrooms. and three-and-a-half baths. 2,750 total sf. Web# A1740046.

SEASIDE PROPERTIES TEAM at Douglas Elliman Real Estate NIKI HIGGINS, Broker Associate | O: 561.653.6210 | C: 954.817.2500 | niki.higgins@elliman.com

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PENINSULA ON THE INTRACOASTAL | BOYNTON BEACH Tucked away within its own private enclave, Peninsula on the Intracoastal offers the quintessential South Florida waterfront lifestyle. Escape into your own luxury residence with open plan living, double master suites, gourmet kitchen, and spectacular vistas from every room. Direct ocean access with the inlet across the way makes for a boater’s paradise. From the mid 500s to the high 800s. Only six exclusive opportunities remain. Please contact The Mannarino and Perotti Team.

ROBIN PEROTTI-TORRES, Realtor Associate | O: 561.245.2635 | C: 561.860.5869 | robin.perotti@elliman.com ANTHONY MANNARINO, Realtor Associate | O: 561.245.2635 | C: 561.289.7690 | anthony.mannarino@elliman.com SUZANNE PETRIZZI, Realtor Associate | O: 561.245.2635 | C: 561.400.5211 | suzanne.petrizzi@elliman.com ASKELLIMAN.COM

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Artist’s rendering TROPICAL MODERN BEACH HOUSE | MIAMI BEACH | $32,000,000 This Chad Oppenheim-designed home features a series of gardens, verandas, terraces, and a landscaped rooftop sunset lounge with overflowing jacuzzi. Web# A1693025.

THE CONTINUUM NORTH TOWER | MIAMI BEACH | $13,500,000 Spectacular sunlit residence with unobstructed ocean views. This exquisite fourbedroom, four-bath unit is located at one of the most desirable addresses in Miami Beach. Web# A1963177.

THE SETAI | MIAMI BEACH | $8,500,000 Custom combined four-bedroom, three-and-a-half bath home with direct ocean and city views. Meticulous details and finishes make this residence truly one of a kind. Web# A1963202.

IL VILLAGGIO | MIAMI BEACH | $6,000,000 Luxurious three-bedroom, three-and-a-half bath beach house with superb ocean views. This residence features a large master suite, library, loft space, and 22 ft ceilings. Web# A1963184.

THE ALEXANDER TEAM at Douglas Elliman Real Estate OREN ALEXANDER, Realtor Associate | O: 305.695.6300 | oren.alexander@elliman.com

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ROYAL PALM YACHT AND COUNTRY CLUB | BOCA RATON | $2,495,000 Spectacular opportunity to live in one of the most sought after communities in Palm Beach County, Royal Palm Yacht and Country Club, located in the beautiful city of Boca Raton. Web# RX-10061420.

EXCLUSIVE ESTATE IN SOUTH PALM BEACH | MANALAPAN | $10,500,000 This premier 2.38 acre estate spans from ocean to Intracoastal in the secluded and prestigious city of Manalapan. Property consists of two buildable lots with 165 ft of ocean frontage with a six-bedroom home and 60± ft deep-water dock. Web# RX-10048291.

DOLCEVITA – LUXURY BEACHFRONT OASIS | SINGER ISLAND | $1,350,000 This magnificent condominium features bright open living areas and outdoor terraces in a boutique thirty-four–residence oceanfront building, complete with resort-style swimming pool, fitness center, garage parking all on Florida’s most magnificent beach. Web# RX-10024660.

DOLCEVITA – RESORT STYLE LIVING | SINGER ISLAND | $1,650,000 This impressive three-bedroom, three-and-a-half bath condominium feels like a single family home. Graciously proportioned rooms, expansive terraces, resortstyle amenities, and stunning views. Web# RX-9967406.

MARISELA COTILLA TEAM at Douglas Elliman Real Estate MARISELA COTILLA, Broker Associate | O: 561.245.2634 | C: 561.413.8262 | marisela.cotilla@elliman.com MICHAEL CASTRO, Realtor Associate | O: 561.245.2634 | C: 561.308.5987 | michael.castro@elliman.com ASKELLIMAN.COM

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FIELDBROOK ESTATES | BOCA RATON | $2,950,000 Built in 2001, this sprawling 11,500 total sf, six-bedroom, seven-full and two-half-bath estate is sited on a prime lakefront, 1 acre lot within a guard-,gated community. Web# RX-10046833.

STEVEN SOLOMON, Broker Associate | O: 561.245.2635 | C: 561.289.3609 | steven.solomon@elliman.com

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VERY PRIVATE WATERFRONT COMPOUND | LANTANA | $3,750,000 Gated waterfront estate. Offers six bedrooms, six baths, two half-baths, three-car garage, and a deep-water dock with three lifts. Living and dining areas capture sweeping direct Intracoastal views. Web# RX-10065010.

DIRECT OCEANFRONT OPPORTUNITY | PALM BEACH | $2,700,000 Features include 3,200 sf, three bedrooms, three-and-a-half baths, huge closets, high ceilings, twenty-four-hour gatehouse and doorman, tennis center and pro shop, fitness center, pool, and two indoor parking spaces. Web# RX-10063705.

NEW YORK STYLE LIVING | WEST PALM BEACH | $2,000,000 Double triplex penthouse condominium with exceptional architectural details overlooking Palm Beach, the ocean, and Intracoastal, 5,100 sf with four bedrooms, four baths and two half-baths. Web# RX-10046804. Tim Harris, O: 561.309.1108, C: 561.309.1108

ASHLEY MCINTOSH, Broker Associate | O: 561.653.6226 | C: 561.685.0861 | ashley.mcintosh@elliman.com JOHN ROSS, Realtor Associate | O: 561.653.6226 | C: 561.715.4163 | john.ross@elliman.com PAYNE MCINTOSH, Realtor Associate | O: 561.653.6226 | C: 561.723.4653 | payne.mcintosh@elliman.com ASKELLIMAN.COM

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FLORIDA

TEN MUSEUM PARK, LPH-4402 | MIAMI | $3,540,000 Breathtaking beyond compare. Four bedroom, five bath, Southeast corner lower penthouse. 4,264 sf of pure perfection. White glass floors on first level, stunning wood floors on second level. 40 ft long great room, 20 ft high ceiling, rooftop splash pool. Astounding views. Three private self-park parking spaces. Web# A1974796 .

AQUA AT ALLISON ISLAND, 304 | MIAMI BEACH | $1,195,000 Spacious waterfront three bedroom, three and a half bath corner overlooking Indian Creek. Neutral gray floors throughout, loads of closet space, 10 ft high ceilings, cutting edge Baulthap kitchen and baths and enormous wrap-around balcony. Aqua at Allison Island is Miami Beach’s only private, gated island with unrivaled amenities. Web# A1932586.

BALMORAL | 9801 COLLINS AVENUE, 17-H | BAL HARBOUR | $1,150,000 Spacious 1,942 sf high floor South-facing two bedroom, two and a half bath with spectacular ocean and city views. The Balmoral is a meticulously maintained, full service condominium in the heart of Bal Harbour, directly on the ocean. Walk across the street to Bal Harbour Shops. Web# A1984340.

THE JEFF MORR TEAM at Douglas Elliman Real Estate JEFF MORR, Broker Associate | O: 305.677.5000 | C: 786.200.5005 | jef f.morr@elliman.com

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LUXURIOUS BAY HILL ESTATES GOLF COMMUNITY | WEST PALM BEACH | $3,995,000 Situated on a full acre of landscaped gardens, this sprawling mansion has four bedrooms, four-and-a-half bathrooms, a home theater, a four-car garage, pool house and outdoor kitchen. Web# RX-10048198.

TWO CITY PLAZA | WEST PALM BEACH | $1,138,000 Adorned with the finest millwork, this two-bedroom, two-and-a-half bathroom, plus office, has travertine floors and full ocean and Intracoastal views. Web# RX-10048214.

PALM BEACH TOWERS | PALM BEACH | $899,000 Stunning two-bedroom, two-bath overlooking the olympic size pool and Intracoastal. Full-service building. Web# RX-10058317. Bebe Pesenti, O: 561.655.8600, C: 561.602.8141

MICHAEL HARRIS, Realtor Associate | O: 561.655.8600 | C: 570.309.8175 | michael.harris@elliman.com

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FLORIDA

PEERLESS WATERFRONT SPLENDOR | MIAMI BEACH | $7,100,000 Exceptionally conceived 3,990 sf three-bedroom, three-and-a-half bath, turnkey, flow-through home offers media room, glass wine cellar, custom finishes, and unparalleled views. Five star building by marina. Web# A1847301.

MIAMI BEACH WATERFRONT BEAUTY | MIAMI BEACH | $2,299,000 This furnished four-bedroom, three-bath, 2,115 sf home is ideally located in gated Stillwater of Miami Beach. Close to the beach and Bal Harbour. Also rents at $9,000. Inquire short-term rate. Web# A1916113.

CASUAL SOPHISTICATION | COCONUT GROVE | $1,699,000 Reminiscent of a beach cottage and plantation style, this four-bedroom, four-anda-half bath, 3,866 sf Coconut Grove home is complete with breezy balconies, 20 ft ceilings, and lavish details throughout. Web# A1942399.

EFFORTLESS LIVING IN SOFI | MIAMI BEACH | $545,000 The ideal combination of indoor & outdoor living. At over 1,200 sf, this unique condo offers a distinctly large terrace on pool level with direct access, perfect for entertaining. Spend your days lounging poolside and retreat to your own refuge in SoFi. Full-service building, with parking. Web# A1988212.

THE APT TEAM at Douglas Elliman Real Estate ADRIANA PINTO TORRES, Realtor Associate | O: 305.695.6007 | C: 786.493.1388 | adriana.pintotorres@elliman.com TRACY FERRER, Realtor Associate | O: 305.695.6007 | C: 786.214.0099 | tracy.ferrer@elliman.com 202

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COCONUT GROVE ESTATE | MIAMI | $3,895,000 Spectacular luxurious and pristine modern Coconut Grove Home. Completely renovated to exacting standard with new roof installed in 2012, new chef’s kitchen, renovated baths, and impact windows and doors throughout. Huge master suite with oversized his and hers closets and a private terrace overlooking the magnificent landscaped grounds with a resort-like swimming pool. New Creston system, glass staircase, and more! This modern home is the ultimate example of Florida living at its best.

PIETRO BELMONTE, Broker Associate | O: 305.695.6300 | C: 305.335.1981 | pietro.belmonte@elliman.com CATHY STRAFACI, Realtor Associate | O: 305.695.6300 | C: 305.951.6824 | cathy.strafaci@elliman.com DANIEL DOUGHERT Y, Realtor Associate | O: 305.695.6300 | C: 305.244.0901 | daniel.dougherty@elliman.com ASKELLIMAN.COM

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FLORIDA

PRIME UNDEVELOPED WATERFRONT | STUART | PRICE UPON REQUEST Situated on the charming peninsula of Sewalls Point, a picturesque landscape of old Florida trees, this exclusive listing offers approximately 4.1260 acres of land, private deep-water beach and 212 ft of direct waterfront. Web# RX-9998348. Richard Stahl, O: 561.655.8600, C: 561.632.8595

LAKEFRONT ESTATE | PALM BEACH | $17,990,000 Incredible sunsets from this classic Palm Beach estate offering six bedrooms, elegant architectural details throughout, and 109 ft lake frontage with deep-water dockage. Web# RX-9990303. Pamela Gottfried, O: 561.655.8600, C: 561.371.5700; Chris Leavitt, O: 212.891.7011, C: 917.664.0720

DELIGHTFUL SPANISH STYLE BUNGALOW | WEST PALM BEACH | $580,000 Meticulously maintained three-bedroom, two-bath, 1920s home in historic Prospect Park. Fabulous hardwood floors, 10 ft ceilings, light-filled kitchen, and many architectural details. Web# RX-10048253. Elena Felipa, O: 561.655.8600, C: 561.309.2467

RESORT STYLE ESTATE | WEST PALM BEACH | $8,200,000 Stunning panoramic views from these two luxury homes combined to make one grand estate, offering 9,727 sf. Enjoy two boat docks, two pools; secluded retreat. Web# RX-10043549. Martha Greenwald, O: 561.655.8600, C: 561.308.8098

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FOUR SEASONS – WELCOME TO MIAMI’S FINEST RESIDENCE | MIAMI | $21,950,000 Contemporary architecture and clean lines welcome you to the 180° vistas of the Atlantic Ocean, Biscayne Bay, and Downtown Miami. Enjoy the open space, floor-toceiling glass, 10 ft ceilings, incredible home theater, two gourmet kitchens, spa, billiards room, wine room, and impeccable attention to detail. Web# A1802671.

virtually staged.

virtually staged.

virtually staged.

IRIS ON THE BAY | MIAMI BEACH | MULTIPLE UNITS AVAILABLE STARTING AT $824,000 Iris on the Bay is a collection of forty-three fee-simple townhomes with three and four-bedroom floor plans, modern architecture, two-car garages, rooftop terraces, private elevators, and boat slips. Twenty-five townhomes face Indian Creek providing glistening waterfront views and marine access to Biscayne Bay and the Atlantic Ocean. The remaining eighteen townhomes face Fairway Park offering residents an eighteen-hole golf course, tennis and basketball courts, children’s playground, and plenty of green space.

THE SANDBERG NORTMANN TEAM at Douglas Elliman Real Estate JOHN SANDBERG, Realtor Associate | O: 305.695.6300 | C: 305.586.7200 | john.sandberg@elliman.com ANN NORTMANN, Broker Associate | O: 305.695.6300 | C: 786.385.6977 | ann.nortmann@elliman.com ASKELLIMAN.COM

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WALT DISNEY CONCERT HALL 111 SOUTH GRAND AVENUE, LOS ANGELES 206

Few buildings in Los Angeles are as distinctive as Walt Disney Concert Hall, the Frank Gehry窶電esigned home of the LA Philharmonic. With its undulating exterior and flawless acoustics, the hall is truly worthy of the musicians that grace its stage.

Photograph by Evan Joseph

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The Schnabel House, designed by Frank Gehry in 1989. The property is one of several currently owned by LaFetra, who has purchased and restored 18 modernist homes to date.

Photographs by Michael McNamara; LaFetra by Ruth Anne

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MODERNIST MAN By ANDY WANG

IN HIS WORK TO RESTORE 20TH-CENTURY ARCHITECTURAL MASTERPIECES, MICHAEL LAFETRA HONORS THE PAST TO PRESERVE IT FOR THE FUTURE

Great architecture can seduce and inspire. In some cases it can, perhaps, even change lives. Certainly it has done so for Michael LaFetra. He jokes that his passion for beautiful buildings has “ruined” him. In fact, it seems to have strengthened his commitment to improving the world around him—and provided the foundation for an abiding mission.

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Right and below: The Stevens Residence, built in 1968 and designed by John Lautner.

For the past 15 years, LaFetra, owner of the forensic architectural consulting firm Foundation, has demonstrated his discerning eye for architecture, particularly the mid-20thcentury residential gems he most admires, by undertaking a series of impressive restorations. Since 1999, when he acquired architect Pierre Koenig’s Case Study House #21, a glass-andsteel beauty in the Hollywood Hills, he has purchased and restored 18 modernist houses in California, rescuing them from the effects of time and ensuring that their clean lines and seamless transition between indoors and outdoors endure for future generations.

Photograph by Marc Angeles

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Architectural experts have acknowledged the importance of the efforts of private restorers such as LaFetra, who may have the funds to accomplish what public entities cannot. Before he sells a house, LaFetra tries to ensure the property’s protection as a Los Angeles Historic-Cultural Monument. “I think what Michael has done is shine a spotlight on modern residential architecture in Los Angeles in a way that maybe nobody else has,” says Linda Dishman, executive director of the Los Angeles Conservancy. “He takes on

well-known architects like [R. M.] Schindler, but he also picks up people who aren’t as prominent. He’s not only taking care of famous works, but also making sure the tent gets enlarged in terms of what’s preserved.” LaFetra is also a film producer and restaurant investor, whose portfolio includes the new Brilliantshine cocktail tavern in Santa Monica. He grew up in Claremont, California, where everything from his family’s modern post-andbeam house to his Richard Neutra–designed preschool and the town’s airy, light-filled university buildings made him consider the wonders of modern architecture. After a restaurant-focused stint in New York, he returned to Los Angeles in 1999 to put his money where his heart was. His holdings now include three John Lautner masterpieces—the 1968 Stevens Residence in Malibu, the 1980 Rawlins House on Balboa Island and the 1961 Marco Wolff Residence in Los Angeles—as well as the Frank Gehry– designed 1989 Schnabel House in Brentwood. The 2002 LaFetra Beach House in Malibu, which LaFetra commissioned Koenig to


design, is particularly significant: It was the architect’s last work before he died in 2004. The homes LaFetra buys and restores (several of which are available for purchase) are the kind that attract discerning buyers—world travelers, students of history and people who seek out fine art and design. Those interested in acquiring them may be connoisseurs of modern architecture, or they may simply appreciate its aesthetics: the emphasis on simplicity and functionality; the embrace of line, light, space and openness. “One of the things that’s lovely about modern architecture is that there’s room for the house to really breathe,” LaFetra says. This appreciation for the homes’ beauty and historical importance drives LaFetra’s restoration process. He dedicates untold hours to hunting down original blueprints, often in college libraries, and may spend a year or more assembling and overseeing a team of workers as they painstakingly update the infrastructure while ensuring a house’s appearance remains unaltered. Although LaFetra’s restoration work is true to the past, it is not stuck in it. Not only does he make sure systems work properly—that

motorized skylights and windows still operate as intended, for instance—but he’s willing to make improvements, too. He’ll happily add air-conditioning or even solar panels, provided it doesn’t interfere with the original design.

The LaFetra Beach House in Malibu includes radiant heating, solar power and its own drawbridge.

Purists may object, and LaFetra acknowledges this. “If you have the option to help a house into the 21st century, why would you not do that? I was taught from a really early age that you’re supposed to leave things in a nicer condition than when you got them.” In the case of the Malibu Lautner house, LaFetra reversed “a lot of insensitive remodeling” and questionable furniture choices made by a previous owner. He even fulfilled a part of Lautner’s original vision that had never been implemented, taking the home “right back to the blueprint” by adding open loft areas that were in Lautner’s plans but had never been built. A year later, LaFetra recalls, a former resident of the house stopped by to admire his work and was especially taken with the lofts. “It was great to see her eyes light up,” LaFetra says, “getting her seal of approval.”

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2Q-2014

Beverly Hills Single Family Sales

CALIFORNIA PRICE S DOWN

ABSORBTION RATE DOWN

6.8 13.7 %

Median sales price this quarter was $3,750,000 as compared to $4,022,500 in the prior year quarter.

TOTAL CLOSED SALES UP

%

At the current rate of sales, it would take 5.2 months to sell existing inventory, as compared to 6 months in the prior year quarter. An decrease in absorption rate indicates a faster market pace.

INVENTORY DOWN

6.3 8.3 %

There were 51 sales this quarter, as compared to 48 sales in the prior year quarter.

LESS DAYS ON MARKET

%

There were 88 listings this quarter compared to 96 listings in the prior year quarter.

NEGOTIABILITY UP

13 1.1

LESS DAYS

Days on market this quarter was 76 days, as compared to 89 days in the prior year quarter.

%

Listing discount is the % difference between the list price at time of sale and the sales price. An increase in listing discount reflects greater negotiability by sellers. The listing discount was 3.2% this quarter, as compared to 2.1% in the prior year quarter.

Data Provided by Miller Samuel Inc. Appraisal and Consulting Services


CALIFORNIA

PRIVATE BRENTWOOD ESTATE | 755 N. BONHILL ROAD | $13,950,000 This meticulous Brentwood estate is nothing short of impeccable. Nestled on over .75 of an acre, this gated and private compound boasts over 11,100 sf of living space. French doors open to several different courtyards, a formal garden, and a swimmer’s pool with cabana. The guesthouse, theater, full gym, and incredible details throughout complete this trophy property. Web# 14765031.

TRACY TUTOR MALTAS, CalBRE# 01326769 | O: 310.595.3889 | tracy.maltas@elliman.com

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CALIFORNIA

CONNIE BLANKENSHIP, CalBRE# 01353414 | O: 310.734.2655 | C: 310.994.6451 | connie.blankenship@elliman.com

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CALIFORNIA

DREAMING IN ITALIAN | 34 BEVERLY PARK CIRCLE | $25,000,000 Located within the world-renowned gated community of North Beverly Park, this timeless 12,500 sf villa is situated on over one acre of land. Designed by acclaimed architect Richard Landry, rooms flow effortlessly into each other and out to an abundance of loggias, terraces, and gardens. Web# 14775203.

MICHELLE OLIVER, CalBRE# 01837352 | O: 310.734.2653 | C: 310.500.6111 | michelle.oliver@elliman.com

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CALIFORNIA

SANCTUARY IN THE CITY | 1260 BEL AIR ROAD | $6,795,000 | $28,000/MONTH Classic East Coast traditional with contemporary flair, in prime Bel Air location. This walled and gated estate offers complete seclusion in a tranquil setting. Exquisite finishes, a versatile floor plan, dedicated pool, and waterfall. Built with the utmost quality, this classic is the perfect retreat for the most discerning buyer. Web# 14760345.

SEASIDE CHIC | 1347 PALISADES BEACH ROAD | $7,500,000 Gracious three-story home on the sand in prime Santa Monica, with panoramic views from the pier to Malibu. With abundant entertaining options, large bedroom suites, a rare, spacious three-car garage, and a coveted beachfront location, this is an exceptional offering. Web# 14760491. Horacio Ledon, CalBRE# 01881276, O: 310.595.3897

CORY WEISS, CalBRE# 01309146 | O: 310.595.3890 | C: 310.922.1124 | cory.weiss@elliman.com

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CALIFORNIA

PIERRE KOENIG’S LAFETRA BEACH HOUSE | 6525 POINT LECHUZA DRIVE | $14,495,000 | Once in a lifetime oceanfront opportunity to purchase Pierre Koenig’s last built project. Web# 14743731.

JOHN LAUTNER’S STEVENS’ RESIDENCE | 78 MALIBU COLONY ROAD | $19,750,000 | Beachfront architectural masterpiece in the famed Malibu colony. Web# 13697027.

JOHN LAUTNER’S RAWLINS HOUSE | 804 S. BAY FRONT | $5,395,000 Once called the “most urban of Lautner’s houses,” the Rawlins House is the treasure of Balboa Island. Web# 14744203.

FRANK GEHRY’S SCHNABEL HOUSE | 526 N. CARMELINA AVENUE $12,995,000 | Noted as one of the 20 greatest houses of the 20th century. Web# 14759167.

CORY WEISS, CalBRE# 01309146 | O: 310.595.3890 | C: 310.922.1124 | cory.weiss@elliman.com

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CALIFORNIA

HOLLYWOOD GLAMOUR | PENTHOUSE CENTURY CITY | PRICE UPON REQUEST This premier penthouse on top of the I.M. Pei masterpiece in Century City is one of the most desirable addresses to live. Designer Nicole Sassaman has redefined glamour in this three-bedroom, three-and-one-half-bath penthouse. A foyer with custom French white oak floors with cognac stain leads to plush living room setoff with suede upholstered walls, 13 ft ceilings, a hidden movie screen, and a wine cellar that lights up like a little gem box and holds over 300 bottles of wine. Then, step onto the 300 ft terrace and prepare yourself with gaga views!

MARIE HEALEY, CalBRE# 00814547 | O: 310.595.3888 | C: 310.650.9997 | marie.healey@elliman.com

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CALIFORNIA

STUNNING CONTEMPORARY | 3055 NICHOLS CANYON ROAD | $2,499,000 Elegant and secluded in highly sought-after Nichols Canyon “Colony.” Open floor plan with living, dining, and Chef’s kitchen. All flow outdoors to pool and spa. Upstairs stunning master with additional bedrooms, two baths, and large den. A rare opportunity. Web# 14790073.

SCOTT SEGALL, CalBRE# 01179028 | O: 310.595.3893 | scott.segall@elliman.com

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Perched above Cannes in an exclusive residential district, this spectacular six-bedroom property offers free-flowing accommodations and entertaining areas and enviable views of the bay—a dream home in a dream location.

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FLORENCE CENTER, TUSCANY €3,950,000 4 bedrooms, 5 baths Just a short walk from the famed Duomo, this villa, the lovely La Limonaia, is situated in beautiful gardens first planted in 1579.

prixfixe WHAT $5 MILLION (GIVE OR TAKE) BUYS YOU IN THESE FIVE LOCALES AROUND THE WORLD

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IBIZA, SPAIN €3,900,000 6 bedrooms, 5 baths Mediterranean sunsets, breathtaking views of Isla Es Vedrà and a 2,500-squaremeter landscaped lot come with this island home.

GALLOP GREEN SINGAPORE SGD 6,197,800 4 bedrooms, 4 baths Built in 2002, this condo property has a clubhouse, a gym, and a pool and is close to shopping and transportation.

GENEVA CHF 5,200,000 2 bedrooms, 2 baths This elegant first-floor apartment on the Quai du Mont Blanc has high ceilings, parquet floors, a balcony, and even staff quarters.

EDEN HOUSE ST. JAMES, BARBADOS $5,000,000 5 bedrooms, 5 baths You'll get a big house, a pristine pool, lush plantings, and a great view of Barbados's western coast. More good news: The place comes furnished.

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DRIVEN by DESIRE Spending on luxury goods and collectables continues to gather pace, according to both our survey of the latest global trends and the new Luxury Opportunity Index By ANDREW SHIRLEY

REPORTING BY: IMAGE: GETTY IMAGES

The Knight Frank Wealth Report 2014 Source: All data from Knight Frank Residential Research.

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To download a full copy of The Wealth Report 2014 go to www.thewealthreport.net DOUGLAS ELLIMAN


A

cross the world UHNWI spending is predicted to increase in 2014, according to the results of The Wealth Report’s Attitudes Survey. Over a third of the survey’s respondents say they expect their clients’ spending on luxury goods to rise this year, while only 7% are predicting a fall in expenditure. European UHNWIs are likely to be the most cautious spenders – just over 30% of advisors expect their clients to spend more, compared with 41% in Latin America and 39% in Asia. The percentage of respondents expecting a dip in European UHNWI spending was also slightly higher than the global average. It is in Africa where we expect to see the greatest growth, with almost half of respondents anticipating higher levels of luxury purchasing activity. A study by consultant Bain & Co. points to an 11% increase in the level of spending on luxury goods there during 2013, while the new Luxury Opportunity

Index, compiled by luxury market analyst Ledbury Research for The Wealth Report, highlights the continent’s growth potential. Of the top ten locations identified in the index, five are in Africa. However, it is the Middle East that occupies the top three spots in the index, which tracks those countries with the fastestgrowing luxury spending potential in the short and medium term by measuring growth in four areas – number of luxury retail outlets, premium air travel traffic, wealth creation and economic growth. The US is the only developed nation to make it into the top ten, with Mexico the sole Latin American representative. Interestingly, despite the region’s economic growth, no Asian countries feature. “A lot of brands expanded too quickly in China,” says James Lawson, Director at Ledbury Research. “What they have now realized is that many Chinese consumers like to shop abroad. Prices are cheaper and there is more cachet attached to buying, say, a Gucci handbag in Milan than in Shanghai.”

RACING LEGEND JUAN MANUEL FANGIO STEERS HIS MERCEDES BENZ TO VICTORY AT THE FRENCH GRAND PRIX IN REIMS IN JULY 1954. IN JULY 2013, THE CAR FETCHED US$29.7M, A NEW RECORD FOR ANY CAR SOLD AT PUBLIC AUCTION

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7. NIGERIA 10. MEXICO

According to the Boston Consultancy Group’s State of Luxury 2013 report, 25% of Chinese luxury spending occurs overseas, while the findings of the Hurun Report’s Chinese Luxury Consumer Survey indicates that 94M Chinese tourists were likely to travel outside the country in 2013 – an increase of 15% on 2012. Almost 65% of Chinese UHNWIs say travel is their preferred leisure activity, the survey adds. “In absolute terms, Asia still has the largest proportion of the world’s luxury brand outlets (see figure, right), but growth is slowing. Many CEOs of global luxury brands are pointing to North America as the most important market for growth over the next five years,” says Mr Lawson. Bain & Co. expected luxury spending to increase by 2.5% in China during 2013, compared with 4% in the US. However, as Mr Lawson points out, a significant proportion of luxury spending in the US, as in Europe, is now being driven by the growing number of Chinese tourists visiting the country. African UHNWIs are also helping to drive luxury markets abroad. “Speaking to luxury retailers, some have Nigerians as the thirdhighest non-EU spenders in London during 2012,” he says. Although Africa’s luxury industry is still only embryonic, with most major brands restricting themselves to South Africa for now, the sector is keeping a close eye on the continent’s increasing number of UHNWIs, says Mr Lawson. “Porsche is set to enter the Kenyan market this year and there is likely to be a 50% increase in millionaire numbers in Ghana by 2016. Although we certainly aren’t predicting that the major brands will open in places like Zimbabwe any time soon, there are positive signs emerging from the country.” Overall, Mr Lawson expects high single-digit growth in luxury spending around the world in 2014.

1. QATAR

THE LUXURY OPPORTUNITY INDEX RELATIVE GROWTH IN...

4. GHANA

6. KENYA

LUXURY FOOTPRINT

9. ZIMBABWE WEALTH CREATION

8. SOUTH AFRICA

5. USA

PREMIUM AIR TRAVEL

10. MEXICO ECONOMIC GROWTH

ASIA 43%

NORTH AMERICA 20%

GLOBAL SHARE OF LEADING LUXURY BRAND OUTLETS 2013

LATIN AMERICA 4% MIDDLE EAST 4%

EUROPE 25% REST OF THE WORLD 4%

See overleaf for more on how investments of passion performed in 2013 as tracked by the Knight Frank Luxury Investment Index

THE BIG LEAGUE

As affluence spreads, luxury goods come within the reach of more and more people. But the real big ticket items—super-yachts and private jets—remain the exclusive preserve of the seriously wealthy Many product lines from even the most prestigious brands are well within the occasional reach of those who would not class themselves as wealthy. But movements in the markets for super-yachts and private jets—items that remain firmly beyond the grasp of the great majority—can provide some valuable insights into the changing habits and attitudes of the world’s biggest spenders. At the very top end of the super-yacht

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DOUGLAS ELLIMAN

market, the wealthiest continue to commission ever larger craft. Launched in April 2013, the 180-meter Azzam, with a reputed price tag of £400M, comfortably clinched the title of world’s largest yacht from its rival Eclipse. “With yachts over sixty meters it’s a very niche market, and one that is driven by individuals whose wealth is largely beyond being impacted by the markets,” explains Laurent Perignon, chief operating officer of luxury yacht

specialist Camper & Nicholsons. However, Mr. Perignon says the market for smaller, albeit still very expensive, yachts is only just returning to normal following the sharp rise in the availability of pre-owned boats in the wake of the global financial crisis. “In 2007 the sales inventory for yachts over twenty-four meters was about 25% of the super-yacht fleet,” explains Mr. Perignon. “In 2009 that rose to 36%. Now


The Luxury Opportunity Index identifies those countries with the fastest growing luxury spending potential

Wealth Panel Vox Pops M Y F AV O R I T E IN VE STMENT OF PA S S I O N I S …

Luxury property, gems or cars

3. SAUDI ARABIA

L AW R ENCE WONG

SOURCE: LEDBURY RESEARCH

2. UAE

7. NIGERIA 1. QATAR

4. GHANA

6. KENYA

A high-end apartment in London overlooking the Thames K A M A L R A HM A N

Art

A BHISHEK LODH A

To learn something new. In the past few years I’ve done a race car driving course and climbed to Annapurna base camp in the Himalayas DR . PIPPA M A LMGR EN

9. ZIMBABWE

My sloop SY Kokomo. I love being on the water L A NG WA LK ER

8. SOUTH AFRICA

Watches and luxury cars TA N SR I A K NATH A N

F THE LUXURY I C ANNOT DO WITHOUT IS…

ASIA 43%

we’re back below 30%. It’s still a buyers’ market, but things are gradually stabilizing. We’re no longer seeing fire sales and big NORTHthe AMERICA 20% discounts that we were seeing before.” Mr. Perignon says the recovery has been aided by an upswing in the US market, with LATIN AMERICA 4% most sales to UHNWIs in the US, Europe 4%of or Russia and the CIS.MIDDLE “ThereEAST is a lot potential in parts of Asia,” he adds, “but yacht ownership hasn’t really taken off there yet.” Australian property developer and one EUROPE 25% of our wealth panelists Lang Walker is REST OF THE WORLD 4% passionate about yachting—he owns a 58-meter sloop he had built in New Zealand —and says this has influenced his business decisions. “Most of my developments are concentrated around water,” he says. Private jet sales also took off in the second

half of 2013, says Steve Varsano, owner of Mayfair-based dealer The Jet Business. “It’s been a much better year. A lot more deals are being done. People are starting to feel more positive about the economy now.” Demand from African countries like Nigeria, Ghana, South Africa and Angola has been strong, albeit coming off a low base, says Mr. Varsano. “There are about 1,000 private jets in Asia, 450 in Africa, 450 in the UK, around 11,000 in the US and 19,500 worldwide.” He dismisses the idea that jets are toys for the rich. “Sure, people’s wives will use them to go shopping, but as the world’s economies spread, people need jets to get to the places where they are doing business. Time is money, and private jets help make more time for entrepreneurs and executives.”

Being able to look after my family. I could do without most other things LOR D H A R R IS OF PECK H A M

Early retirement L AW R ENCE WONG

…Organic food sourced from the most authentic producers A BHISHEK LODH A

…Good food and wine DAV ID LEPPA N

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THE FRUITS OF PASSION One of the most fascinating areas of luxury spending is on collectable items, such as art and classic cars, which some buyers also consider to be investments. In the wake of the credit crunch, the media’s focus on these “investments of passion” as an alternative to more mainstream asset classes like equities has grown significantly. Reflecting this burgeoning interest, we launched the Knight Frank Luxury Investment Index (KFLII) in last year’s Wealth Report to track the performance of selected investments of passion. Consisting of nine asset classes, the 175% capital growth recorded by our weighted index to the end of Q3 2012 outperformed the majority of more mainstream asset classes over a tenyear period. Several classes came close to, or even exceeded, gold’s stratospheric +400% increase. One year later and KFLII had grown by a further 8%, while gold had lost a quarter of its value. Best-in-class examples continue to set auction records across most of KFLII’s categories (see panel below), but there is a wide variation across the index. Classic cars once again posted the largest gains, with values up 28% over twelve months, according to the Historic Automobile Group’s (HAGI) Top index, which tracks “exceptional historic automobiles.”

What’s more, HAGI’s Dietrich Hatlapa says it isn’t just the most famous marques that have performed strongly. “One of the biggest movers in our index last year was Japan’s first supercar, a Toyota 2000 GT from the late 1960s.” Outside the world of supercars, there is also growing interest from collectors in Group B rally cars like early model Audi Quattros, especially those with a race pedigree, Mr. Hatlapa points out. Although price growth might not be in the Ferrari league, the outlook is positive too for the wider classic car market. Specialist insurer Hagerty estimates that there are over 850,000 pre-1972 vehicles in the UK that have hit the bottom of their depreciation cycle. Despite being one of the least widely collected investments of passion, according to the Attitudes Survey, coins continue to perform strongly, up 10% year on year. Ian Goldbart, managing director of leading auctioneer Baldwins, says the market is attracting investors. “Because it is not actually a very big market, a small amount of extra money can make a large difference. You only need a few keen bidders at an auction and you are likely to see new world records being set.” The coin market has probably also been undervalued in some parts of

the world, compared with other asset classes. “There has always been strong demand for large denomination coins in the US,” says Mr. Goldbart, “but we are seeing growing interest in China, where the market has boomed over the past five years, and also India and Russia.” Globally, there is also a very strong market for gold Roman coins. “They are pieces of art in their own right,” he says. Rare stamp values are also rising, particularly in China, India and key Commonwealth markets. The Stanley Gibbons China 200 rare stamp index rose 36% between 2011 and 2012. The British market continues to grow, albeit more slowly, says Keith Heddle, investment director at Stanley Gibbons. “There was a huge amount of trading in 2011 and 2012; following such a bull run it’s not surprising that things have slowed down slightly.” Investment demand remains strong, particularly from Hong Kong and Singaporean-based investors, but also from Australia, where investors can add collectables to their pensions via SelfManaged Super Funds (SMSFs). There is also increased interest from potential collectors in Russia, says Mr. Heddle. Despite falling gold prices, the last twelve months have been remarkably strong for many facets of the jewelery

RECORD-BREAKERS Collectables continued to set new benchmark prices at auction in 2013

A 1794 US silver dollar set a record price for a coin when it fetched US$10M at auction in New York. The so-called “Flowing Hair Silver Dollar” is believed to be the first coin struck by the US Mint and was described by auctioneer David Bowers as “a piece of history.” 228

DOUGLAS ELLIMAN

An ultra-rare 1967 Ferrari 275 GTB/4 NART Spider set a new record for a road-going car when it sold for US$27.5M at the Monterey sales in August. The pristine vehicle, which had been owned by the same family for 45 years, was one of just ten built by Ferrari in 1967 and 1968.

The “Pink Star,” a 59.6-carat oval cut pink diamond, sold for US$83M at Sotheby’s Geneva in November—a new auction record for any gemstone or jewel. The flawless gem, mined by De Beers in Africa in 1999, took twenty months to cut and measures 2.69cm by 2.06cm.


market, says Roland Arkell, jewelery columnist for the Antiques Trade Gazette. “Record sums for the best untreated stones, particularly ‘fancy’ diamonds and other coloured stones, underpin the market,” he says, “but natural saltwater pearls, amber, coral and jade are equally buoyant.” Although the overall art market is slightly down from its 2011 peak, according to figures from Art Market Research, contemporary and postwar works achieved

from South America and new markets like Korea. In the first quarter of 2013, Christie’s reported registered buyers from 128 countries.” Furniture is the only element of KFLII to have lost ground over 10 years. Although key 20th-century pieces are rising in value, changing tastes and a move towards smaller houses have meant less demand for traditional English and French furniture, according to Will Richards, deputy chairman

IMAGES: REUTERS, GETTY IMAGES, CORBIS

some record auction results last year, proving that buyers are still prepared to pay a premium for the most desirable works. The sheer range of buyers is helping to drive up prices, says Edward Shipton of art advisory firm 1858 Ltd. “Interest is coming

at Bloomsbury Auctions. However, this may be changing. “I think the market has reached a price point where younger collectors are getting interested in the mid-market again. We are also seeing the Chinese beginning to look at English

KFLII

Coins

Stamps

Cars

Wine

Watches

Jewelery

Chinese ceramics

Furniture

THE KNIGHT FRANK LUXURY INVESTMENT INDEX (KFLII) Art

SOURCE: ART MARKET RESEARCH, HAGI, STANLEY GIBBONS, LIV-EX

OVER 60% OF ATTITUDES SURVEY RESPONDENTS SAID PLEASURE WAS THEIR CLIENTS’ MAIN MOTIVE FOR SPENDING ON COLLECTABLES, OR “INVESTMENTS OF PASSION”

19th-century furniture.” Despite the performance of KFLII, most Attitudes Survey respondents said investment was not the prime driver for their clients. Over 60% reported personal pleasure as the main motive. However, at 22%, the proportion who said investment—for capital growth or as a “safe haven”—was the driver was still significant and well above the 15% collecting for status and the 1% driven by fashion. Asian UHNWIs have the sharpest eye on investment potential, with a quarter primarily concerned with capital growth. But even those who start collecting purely for investment can often end up becoming passionate, says Mr. Goldbart. “People tend to gravitate to one part of the coin portfolios that we assemble for them. Sometimes it’s the history that they get hooked on, or it could be the decorative appearance of the coins.” But of course, even those who collect purely for passion still don’t want to see the value of their collections fall. As Mr. Goldbart puts it, “There is always the hope that things will go up.”

1-year change (Q3 2012-Q3 2013)

-3%

-2%

3%

3%

4%

3%

28%

5%

10%

8%

10-year change (Q3 2003-Q3 2013)

193%

-19%

77%

156%

82%

176%

456%

250%

227%

179%

Francis Bacon’s Three Studies of Lucien Freud set a new record for any artwork when it sold for US$143M at Christies in New York in October. Jeff Koons’ Balloon Dog (Orange) achieved the highest price for a living artist, selling for US$58.4M at the same sale.

Bonham’s December watch sale included a 1940s Rolex Panerai diver’s watch that fetched £56,250, and a 1969 Rolex Daytona which sold for £70,000. But it was this 1959 Patek Philippe 3417 that grabbed headlines, setting a record for the model at £28,750.

Collectors’ thirst for the world’s finest wines showed no signs of abating. In November, 12 bottles of 1978 Domaine de la Romanée-Conti – described by one expert as “as close to perfect as wine gets”– set a new record price of US$476,405 at Christie’s in Hong Kong. ASKELLIMAN.COM

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INTERNATIONAL

Caribbean

MAGNIFICENT VILLA FOR SALE IN BARBADOS’ SUGAR HILL RESORT | ST. JAMES, BARBADOS | $6,950,000 Set in 2 acres of beautifully landscaped gardens on a ridge directly overlooking the Caribbean Sea, this home is one of the finest on the distinguished Sugar Hill Resort. Offering six bedrooms and panoramic, unobstructed views of the beautiful West coast.

BEAUTIFUL WATERFRONT HOME FOR SALE IN WEST BAY GRAND CAYMAN, CAYMAN ISLANDS | $2,495,000 | Stunning oceanfront residence with breathtaking views of the sea and the Seven Mile Beach. Offering four bedrooms, four baths, an oceanliner style deck with an infinity edge pool, garden, guest flat, and double garage.

DOUGLAS ELLIMAN INTERNATIONAL | +1 877.447.1766

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A COLONIAL STYLE HOME LOCATED IN SUGAR HILL ST. JAMES, BARBADOS | $4,200,000 | Set amidst lush secluded gardens and exotic fruit trees, Firefly enjoys stunning views over the landscaped hillside of Sugar Hill and the Caribbean Sea beyond. It offers five double en suite bedrooms and a self-contained guest cottage.


Mustique

INTERNATIONAL

LUXURY CARIBBEAN LIVING | MUSTIQUE, ST VINCENT AND THE GRENADINES | PRICE UPON REQUEST Exclusive hillside villa with dedicated white sand beach and far reaching views of coconut groves and the Caribbean Sea. Five reception rooms, four bedroom suites, two beach cottages; one with bedroom suite, swimming pool, tennis court, and landscaped gardens.

DOUGLAS ELLIMAN INTERNATIONAL | +1 877.447.1766

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INTERNATIONAL

Switzerland

ELEGANT FAMILY RESIDENCE | COLLONGE-BELLERIVE, GENEVA, SWITZERLAND | PRICE UPON REQUEST This magnificent property is peacefully located in an unparalleled setting of calm and privacy. The beautiful residence has been carefully refurbished and exquisitely decorated in 2013 by an internationally renowned designer and architect. Five bedrooms, four baths, heated swimming pool, and two-car garage.

DOUGLAS ELLIMAN INTERNATIONAL | +1 877.447.1766

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Netherlands & Austria

INTERNATIONAL

ELEGANT STATELY HOUSE MUSEUM DISTRICT, AMSTERDAM THE NETHERLANDS | €3,500,000 This 460 square meter four-floor stately house, originally constructed in 1921, is located in a quiet street with ample parking in the middle of a bustling and chic area of Amsterdam, just a short walk from the famous landmarks and canals.

SUPERB NEW DEVELOPMENT 19TH DISTRICT, VIENNA, AUSTRIA STARTING FROM €650,000 Seven high-quality apartments in a peaceful setting with unobstructed views of the vineyards on the opposite hillsides. Apartments feature terraces or a private garden and an underground garage. Due for completion late 2014.

DOUGLAS ELLIMAN INTERNATIONAL | +1 877.447.1766

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INTERNATIONAL

United Kingdom

KINGSTONE LISLE PARK | OXFORDSHIRE, UNITED KINGDOM | ÂŁ22,000,000 Grade II* listed country house Kingstone Lisle is set in beautiful gardens and grounds, which are in turn surrounded by undulating private parkland. Thirteen bedrooms, seven baths, five reception rooms, cellar, tennis court, swimming pool and parkland with private golf course, lakes, Shoot, four cottages, walled garden, approximately 1,639 sq m (17,643 sf). In all about 175.6 acres.

DOUGLAS ELLIMAN INTERNATIONAL | +1 877.447.1766

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United Kingdom

INTERNATIONAL

NEWLY REFURBISHED HOUSE | CHESTER SQUARE, BELGRAVIA SW1 | LONDON, UNITED KINGDOM | ÂŁ25,500,000 Five bedroom suites, drawing room, dining room, reception/media room, kitchen/breakfast room, study, cinema, gym, steam room, sauna, shower room, wine cellar, two staff rooms, lift, two terraces, garage. Grade II listed. Approximately 585 square meters (6,291 square feet).

DOUGLAS ELLIMAN INTERNATIONAL | +1 877.447.1766

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INTERNATIONAL

France

FRENCH COUNTRYSIDE ESTATE | DORDOGNE, SOUTH WEST FRANCE €3,400,000 | Equestrian estate centered around a meticulously restored manor. Eight bedrooms, two-bedroom guest cottage, and staff apartment. Swimming pool, stable complex, and various paddocks set in approximately 68 hectares.

BEAUTIFULLY RESTORED BASTIDE | ROQUEFORT LES PINS COTE D’AZUR, FRANCE | €4,255,000 | Renovated farmhouse surrounded by approximately 3 acres of gardens with olive trees, enjoying seclusion with charming views of the countryside. Five bedrooms and four baths. Independent guest apartment. Swimming pool, summer kitchen, and pool house.

TRANQUIL VILLEFRANCHE VILLA | VILLEFRANCHE SUR MER COTE D’AZUR, FRANCE | PRICE UPON REQUEST | Exceptionally presented, this newly constructed six-bedroom villa sits on flat and exceptionally sizeable grounds for this area of the Cote d’Azur. South-facing views onto the Baie des Anges and the sea beyond Villefranche sur Mer.

STUNNING VILLAGE HOUSE | LUBERON, PROVENCE, FRANCE €2,050,000 | This imposing six-bedroom ancient stone house located in 15th century Cabrieres d’Avignon providing wonderful entertaining facilities for friends and family. Comprising main and guest houses. Swimming pool and pool house with summer kitchen.

DOUGLAS ELLIMAN INTERNATIONAL | +1 877.447.1766

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Spain & Portugal

INTERNATIONAL

LUXURIOUS VILLA | PRAIA DA LUZ, ALGRAVE €13,000,000 | An exceptional contemporary cliff-top five-bedroom villa offering complete privacy and stunning sea views with a garden, secondary accommodation, and swimming pool. All built on approximately 6 hectares.

STUNNING FRONTLINE MANSION IN MARBELLA CLUB GOLF RESORT MARBELLA, SPAIN | €3,900,000 | A mediterranean style mansion built over three levels enjoying views over the golf course, mountains, and sea. Located within the luxurious Marbella Club Golf Resort offering seven bedrooms, seven baths, swimming pool, garden, garage, and staff accommodation.

AMAZING MOUNTAIN-TOP VILLA | IBIZA | €6,950,000 Large renovated hilltop residence with sunset sea views on a 7.4 acre estate. Swimming pool, landscaped gardens, eight bedroom suites, three reception rooms, and two separate self-contained fincas providing a further three bedrooms and two baths.

DOUGLAS ELLIMAN INTERNATIONAL | +1 877.447.1766

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INTERNATIONAL

Italy

SPECTACULAR CITY VIEWS | FLORENCE, TUSCANY, ITALY | €6,800,000 A fifteenth-century Florentine villa restored to a high standard with terraced gardens and a large four-bedroom annex. The villa is surrounded by about two hectares of olive groves and terraced land. Seven bedrooms, seven baths, two reception rooms, and spa area.

AMAZING VAL D’ORCIA VIEWS | PIENZA, TUSCANY, ITALY | €2,975,000 Stunning Casa Padronale, completely reconstructed using original Pienza stone whilst creating a luxury ecological home. Four bedroom suites with baths, landscaped garden area, plunge pool, vineyards, olive trees, and a barn for storage — all in about 7 hectares.

IN THE HEART OF CHIANTI | RADDA IN CHIANTI, TUSCANY, ITALY €2,300,000 | Close to the hamlet of Volpaia, surrounded by vineyards and woodland and with views of Radda in Chianti, a classic farmhouse sitting in about 2 hectares of fenced land. Five bedrooms, six baths, two reception rooms, swimming pool, and parking with garage.

OUTSTANDING WATERFRONT VILLA | CENTRAL WEST LAKESIDE LAKE COMO, ITALY | PRICE UPON REQUEST | A typical lake chalet in an exceptional and private location. Spectacular panoramic lake and mountain views. Six bedrooms, two annexes, private boathouse — all in about 0.4 hectare of wellmaintained waterfront land.

DOUGLAS ELLIMAN INTERNATIONAL | +1 877.447.1766

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Developments

INTERNATIONAL

GOLF AND REAL ESTATE RESORT PGA CATALUNYA, SPAIN €375,000 – €2,300,000 Plots, completed semi-detached villas and apartments for sale in Catalunya with some of the best beaches on the Costa Brava and within an hour’s drive of Barcelona. An existing 300 hectare estate with two internationally recognized golf courses.

A SECLUDED WORLD | 140 RUE DE GRENELLE, PARIS PRICE UPON REQUEST | A dedicated domain of tranquillity and calm in the heart of Paris’s fashionable 7th arondissement. This distinguished, walled, secure enclave offers a choice of meticulously designed residences contained in a restored historic eighteenth-century estate.

LUXURY LIVING ON LAKE COMO | LAKE COMO, ITALY FROM €1,400,000 | Thirteen waterfront apartments all enjoying gardens or terraces overlooking Lake Como. A boathouse, with direct access via a central lift to the residences, will accommodate ten boats in an automated “dry store.”

DOUGLAS ELLIMAN INTERNATIONAL | +1 877.447.1766

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INTERNATIONAL

Indonesia

BALI’S BEST KEPT SECRET | TABANAN, BALI, INDONESIA | $8,000,000 Set in the grounds of almost 2 hectares, this gorgeous eight-villa estate has secluded and private accommodation, a truly vast 300 meters of beach frontage, an Olympic length swimming pool, an all-weather tennis court, home cinema, spa pavilion, and helipad.

DOUGLAS ELLIMAN INTERNATIONAL | +1 877.447.1766

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Fiji

INTERNATIONAL

FREEHOLD FIJI COASTAL LAND | TIKINA-I-RA, VANUA LEVU, FIJI | PRICE UPON REQUEST Tikina-i-ra is situated on the Western end of Fiji’s second largest island. This 10,000 acre site has 25 km of coastline with white sandy beaches, a sheltered deep water inlet, and beautiful native forest. This is a rare and unique offering.

DOUGLAS ELLIMAN INTERNATIONAL | +1 877.447.1766

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ELLIMAN at your service A successful real estate transaction depends on your ability to assemble the right team. From buying and selling, mortgage financing and rentals to relocation and property management, Douglas Elliman offers a full suite of real estate services to guide you skillfully from the beginning to end of your transaction. Put the power of Elliman to work for you.

DOUGLAS ELLIMAN REAL ESTATE We have sales and rentals offices throughout New York City, the Hamptons, Long Island, South Florida and California. Our full list of office locations can be found on pages 244-245 or visit elliman.com/offices.

DEVELOPMENT MARKETING

712 Fifth Avenue 10th Floor New York, NY 10019 212.702.4000 developmentmarketing@elliman.com

RELOCATION SERVICES

DE COMMERCIAL

205 East 42nd Street 6th Floor New York, NY 10017 212.891.7600 commercial@elliman.com

DE CAPITAL

575 Madison Avenue New York, NY 10022 212.303.5250 christine.haney@elliman.com

120 Broadway, 29th Floor Suite #2950 New York, NY 10271 877.788.3520

DE TITLE

PROPERTY MANAGEMENT

110 Walt Whitman Road Suite 104 Huntington Station, NY 11746 212.534.5318 631.425.1027

675 Third Avenue New York, NY 10017 212.370.9200

TOP EXPERTS OFFER TIMELY ANSWERS TO TODAY’S QUESTIONS ABOUT ALL THINGS REAL ESTATE. FIND US AT ASKELLIMAN.COM


S A L E S | R E N TA L S | R E L O C AT I O N | N E W D E V E L O P M E N T S | R E TA I L | M O R T G A G E | P R O P E R T Y M A N A G E M E N T | T I T L E I N S U R A N C E

HOW MANY WAYS CAN THE LARGEST NETWORK WORK HARDER FOR YOU?

Douglas Elliman’s regional and global network of real estate experts have a way of understanding your home and what makes it unique. With the powerful combination of talent and technology, we have the experience, insight and connections to advise buyers and sellers confidently and correctly. Put the power of Elliman to work for you.


DIRECTORY of OFFICES

DOUGLAS ELLIMAN REAL ESTATE OFFICE LOCATIONS THROUGHOUT THE US

MANHATTAN Corporate Office/Eastside 575 Madison Avenue New York, NY 10022 212.891.7000 Chelsea/Flatiron 26 West 17th Street New York, NY 10011 212.645.4040 Eastside Gallery 980 Madison Avenue New York, NY 10021 212.650.4800 Greenwich Village 137 Waverly Place New York, NY 10014 212.206.2800 Greenwich Village Gallery 774 Broadway New York, NY 10003 212.995.5357 Harlem Gallery 2112 Frederick Douglass Blvd New York, NY 10026 212.865.1100 Midtown 205 East 42nd Street New York, NY 10017 212.692.6111 Rockefeller Center 485 Madison Avenue New York, NY 10022 212.350.8500

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Sovereign 425 East 58th Street New York, NY 10022 212.832.1666

Park Slope 154 Seventh Avenue Brooklyn, NY 11215 718.840.2000

Bedford 438 Old Post Road Bedford, NY 10506 914.234.4590

Tribeca Gallery 90 Hudson Street New York, NY 10013 212.965.6000

Williamsburg 490 Driggs Avenue Brooklyn, NY 11211 718.486.4400

Chappaqua 101 King Street Chappaqua, NY 10514 914.238.3988

West Village Gallery 690 Washington Street New York, NY 10014 212.352.3400

QUEENS

Katonah 83 Katonah Avenue Katonah, NY 10536 914.232.3700

Westside 1995 Broadway New York, NY 10023 212.362.9600 Westside Gallery 2142 Broadway New York, NY 10023 212.769.2004

BROOKLYN Brooklyn Heights 156 Montague Street Brooklyn, NY 11201 718.780.8100 Cobble Hill/Carroll Gardens 325 Court Street Brooklyn, NY 11231 718.522.2929 Fort Greene 664 Fulton Street Brooklyn, NY 11217 718.715.7000

Bayside 20918 Northern Blvd Bayside, NY 11361 718.631.8900 Long Island City 47-37 Vernon Blvd Long Island City, NY 11101 917.386.6164

RIVERDALE Riverdale 3265 Johnson Avenue Riverdale, NY 10463 718.884.5815 Riverdale 6048 Riverdale Avenue Riverdale, NY 10471 718.601.6100

WESTCHESTER Armonk 402 Main Street Armonk, NY 10504 914.273.1001

Pleasantville 343 Manville Road Pleasantville, NY 10570 914.769.3333 Scarsdale 26 Popham Road Scarsdale, NY 10583 914.723.6800

LONG ISLAND Corporate Office 110 Walt Whitman Road Suite 104 Huntington Station, NY 11746 631.549.7401 Babylon 124 West Main Street Babylon, NY 11702 631.422.7510 Central Nassau 998A Old Country Road Plainview, NY 11803 516.681.2600


Central Suffolk 2410 North Ocean Avenue Suites 101 & 201 Farmingville, NY 11738 631.758.2552 | 631.585.8500 Dix Hills 1772 East Jericho Turnpike Huntington, NY 11743 631.499.9191 East Islip 100 West Main Street East Islip, NY 11730 631.581.8855 East Norwich 6326 Northern Blvd East Norwich, NY 11732 516.624.9000 East Setauket 300 Main Street East Setauket, NY 11733 631.751.6000 | 631.474.4242 Franklin Square 390 Franklin Avenue Franklin Square, NY 11010 516.354.6500 Garden City 753 Franklin Avenue Garden City, NY 11530 516.307.9406 Great Neck 11 Bond Street Great Neck, NY 11021 516.466.2100 Huntington 164 East Main Street Huntington, NY 11743 631.549.4400 Locust Valley 71 Forest Avenue Locust Valley, NY 11560 516.759.0400 Long Beach 30A West Park Avenue Long Beach, NY 11561 516.432.3400 Manhasset 154 Plandome Road Manhasset, NY 11030 516.627.2800

Massapequa 5066 Sunrise Highway Massapequa Park, NY 11762 516.795.3456 Massapequa South 4804 Merrick Road Massapequa, NY 11758 516.798.1353 Merrick 2300 Merrick Road Merrick, NY 11566 516.623.4500 Northport 700 Fort Salonga Road Northport, NY 11768 631.261.6800 Port Washington 475 Port Washington Blvd Port Washington, NY 11050 516.883.5200 Roslyn 1528 Old Northern Blvd Roslyn, NY 11576 516.621.3555 Sayville 150 Main Street Sayville, NY 11782 631.589.8500 Smithtown 996 West Jericho Turnpike Smithtown, NY 11787 631.543.9400 Syosset 317 Jackson Avenue Syosset, NY 11791 516.921.2262 Williston Park 192 Hillside Avenue Williston Park, NY 11596 516.746.0440

FIRE ISLAND Cherry Grove Ocean/Bayview Walks Cherry Grove Fire Island, NY 11782 631.597.3100

THE NORTH FORK

FLORIDA

Greenport 124 Front Street Greenport, NY 11944 631.477.2220

Corporate Office 1111 Lincoln Road PH-805 Miami Beach, FL 33139 305.695.6300

Mattituck 10200 Main Road Mattituck, NY 11952 631.298.8000

THE HAMPTONS Bridgehampton 2488 Main Street Bridgehampton, NY 11932 631.537.5900 East Hampton 20 Main Street East Hampton, NY 11937 631.329.9400 Hampton Bays 14 West Montauk Highway Hampton Bays, NY 11946 631.723.2721 Montauk 752 Montauk Highway Montauk, NY 11954 631.668.6565 Quogue 134 Jessup Avenue Quogue, NY 11959 631.653.6700 Sag Harbor 138 Main Street Sag Harbor, NY 11963 631.725.0200 Southampton 70 Jobs Lane Southampton, NY 11968 631.283.4343 Westhampton Beach 104 Main Street Westhampton Beach NY 11978 631.288.6244

Aventura 18851 NE 29th Avenue Suite 108 Aventura, FL 33180 305.728.2420 Boca Raton 444 East Palmetto Park Road Suite B Boca Raton, FL 33432 561.245.2635 Fort Lauderdale 2100 N. Ocean Blvd Suite 402 Fort Lauderdale, FL 33305 954.828.1858 Fort Lauderdale 450 E. Las Olas Blvd Fort Lauderdale, FL 33305 954.874.0740 Miami 1200 Brickell Bay Drive Suite 106 Miami, FL 33131 305.728.2444 Miami 35 NE 40th St Miami, FL 33137 305.677.5000 Miami Beach 135 Ocean Drive Miami Beach, FL 33139 305.695.6007 Palm Beach 340 Royal Poinciana Way Suite 318 Palm Beach, FL 33480 561.655.8600

CALIFORNIA Corporate Office 9440 Santa Monica Blvd Suite 710 Beverly Hills, CA 90210 310.595.3888

ASKELLIMAN.COM

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AT HOME WITH

ARTIST DOMINGO ZAPATA Photographed by Evan Joseph

Gramercy Park

“Some of the greatest minds in American history chose to live in Gramercy Park—John Steinbeck, Thomas Edison, Vincent Astor. There’s a reason why: Beauty feeds creativity, and there is nowhere more beautiful or peaceful in Manhattan than Gramercy Park.”

To read the full story, go to blog.elliman.com

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Grooming by Birgitte Philippides/ABTP


Photograph by Grey Crawford

HOLLY WOOD GLAMOUR Century City, CA; page 218


S A L E S | R E N TA L S | R E L O C AT I O N | N E W D E V E L O P M E N T S | R E TA I L | M O R T G A G E | P R O P E R T Y M A N A G E M E N T | T I T L E I N S U R A N C E

TALENT, TECHNOLOGY & A NETWORK OF 5,000 REAL ESTATE AGENTS. PUT THE POWER OF ELLIMAN TO WORK FOR YOU.

Douglas Elliman’s regional and global network of real estate experts have a way of understanding your home and what makes it unique. With the powerful combination of talent and technology, we have the experience, insight and connections to advise buyers and sellers confidently and correctly. Put the power of Elliman to work for you.

Elliman Magazine Fall/Winter 2014  

Douglas Elliman's premier lifestyle and real estate magazine.

Elliman Magazine Fall/Winter 2014  

Douglas Elliman's premier lifestyle and real estate magazine.