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Farm with forever views. Charming renovated farmhouse with traditional front porch. Out back is a two-story barn with room for horses, a car collection or a fabulous artists studio. The property has more than enough room for pool, tennis and expansion. Barn has studio loft with living/working area and full bath. Wonderful for a family horsefarm. Possible subdivision into three lots as well. Incredible investment opportunity. Michael Daly 631 702 1616 or mdaly@remax.net
see the listing here
There’s all sorts of nifty new fact and figures coming out about sub-prime. Here’s a map from Newsday showing the percentage of mortgages for 2006 that were sub-prime loans.
Presumably, that will give an indication as to how many foreclosures might be in these community’s future? Looks like the East End has a much lower overall percentage than our sister markets to the west. see map here
Ok everybody, here we go again with the MEDIAN price figure.
Raise your hands: How many of you REALLY know what MEDIAN price means and CAN EXPLAIN IT!?!? Median is like a Metric figure to me. Like: “What, you want me to walk two kilometers?” or, “WOW! that was a matter of centimeters!!!” Sorry, it’s pretty meaningless to me…for a definition of “median”,try this
Would it make it any better or worse to know that the AVERAGE price of Hamptons Real Estate is now over $1.6 Million? Impressed? Depressed?
for more info: http://www.suffolkresearch.com/quarterlycharts.htm
Braden Keil, NYPost points out prices for farms, here on the East End in todays Gimme Shelter . There’s also news about Howard Sterns new house in there.
Buy the farm
Even with land-conservation measures in place, farms in the Hamptons are becoming a rare and expensive cash crop.
At last check, more than 20 tracts of farmland are listed for prices ranging from $5 million for a sub-dividable 14-acre property north of the highway to a $64 million non-oceanfront 40-acre spread in Sagaponack that comes pre-approved for eight buildable lots.
In terms of oceanfront property, an 18-acre farm is listed for $45 million.
Which brings me to THIS farm - 6 acres - subdividable - offered at $1,895,000.
see listing here
One of those offerings that you can’t believe is still around.
