While the market is down, it’s clearly not out (all together).

Someone who might have been in the market to buy an oceanfront home for $30, $40 or $50 million might see it as a wise investment to rent for the summer and buy later..

And, if there’s any two agents that are going to be involved in that deal, it’s Beate and Susan…two of the best! Nice going girls!  Also, kudos to the Ex-Mrs Corzine for a terrific investment.

An oceanfront home in Sagaponack belonging to the ex-wife of New Jersey Gov. Jon Corzine recently rented for $900,000, real estate sources say.

corzinewifehouse

Susan Breitenbach of The Corcoran Group brought the renter, says a spokeswoman for the agent. She declined to identify the customer’s identity, but did say that it might be a record-setting price for a seasonal rental in the Hamptons. Beate Moore of Sotheby’s International Realty, the listing agent for the property, agrees. “It is a big number,” she says.

The lease is for Memorial Day to October.

The 6,200-square-foot, six-bedroom, 5.5-bath home is on a gated property. The 6.64-acre estate includes a heated gunite pool, a Har-tru tennis court and more than 500 feet of ocean frontage along Gibson Beach.

The house was signed over to Joanne Corzine in 2002 as part of her divorce settlement from Gov. Corzine.

- VALERIE KELLOGG

REAL LI Blog – Newsday.com

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