Page 27

R E A LT Y C H E C K outdoor kitchen and water access for kayaking and paddle boarding, and canoeing while Hargraves is living in Manhattan and dating Jacques Azoulay, the wine importing ex-beau of Bravo Housewife Countess LuAnn de Lesseps, Ross is living in LA. The listing broker is Angela Boyer-Stump of Sotheby’s International Realty.

a drive to create a better real estate experience for agents and customers.” A graduate of Southampton College with a degree in the creative arts, Mr. De Sane is an accomplished actor and painter who is a fixture on the local arts scene.

Buried Treasure? Ch-Ch-Changes Hamptons real estate veteran Joseph De Sane has joined Compass as Senior Managing Director of Sales. Drawing upon more than 16 years of real estate experience, Mr. De Sane will oversee sales operations at Compass’s Southampton office at 30 Nugent Street. “We are excited to welcome Joseph to Compass as we continue our tremendous growth in the Hamptons region,” said Compass Founder & CEO Robert Reffkin. “He possesses a winning combination of infectious charisma, experience, local expertise, and

“Will the Treasury Department’s investigation of luxury homes purchased with cash by an LLC draw attention to the Hamptons?” So asked a headline in hamptons.com of an article by John Viteritti. The Treasury Department, he writes, announced that it will begin investigating cash purchases of real estate by LLCs in Manhattan over $3 million, and in Florida over $1 million. Apparently the Treasury is concerned that “dirty money” is being put into luxury real estate. Ya think?

Investments Rising

Hamptons, Beverly Hills and Aspen, show no signs of abating. In Beverly Hills the median sales price for a home jumped 54 percent in the fourth quarter over last year, to $5.5 million, according to sales data from Douglas Elliman. In Aspen, the median home price went up 35 percent to $6.7 million. And in our neck of the woods, a record number of homes sold for more than both $5 million and $10 million. In other words, the very rich see trophy homes as a solid investment.

Selling New York Hotshot Douglas Elliman agents Tom Postilio and Mickey Conlon, stars of HGTV’s “Selling New York,” have closed their first Hamptons listing since joining the firm – a shingle-style, four bedroom Amagansett house for $2.75 million. That’s $55,000 more than the $2.695 million asking price. It probably doesn’t hurt that the duo (Postilio is a former professional singer and Conlon a Broadway producer), boast a bevy of celebrity clients including Liza Minnelli and Barry Manilow.

Mansion prices in wealthy enclaves such as the

Raphael Avigdor of Douglas Elliman

“Selling New York” Tom Postilio and Mickey Conlon of Douglas Elliman Joseph De Sane of Compass

“Investments Rising” Featured Montauk Property from Matthew Breitenbach of Douglas Elliman

MARCH 2016

|

H A M P T O N S R E A L E S TAT E S H O W C A S E . C O M

27

Hamptons Real Estate Showcase - March 2016  
Hamptons Real Estate Showcase - March 2016