You are currently browsing the category archive for the 'Montauk' category.
Loreto Mexico is located approximately 400 km North of the tip of the Baja Peninsula between the Sea of Cortez and the Sierra de la Giganta Mountains. The stunning and diverse terrain is like no other in the Baja. There is much biological diversity and varied geological points of interest. The Sea of Cortez coastline at Loreto is home to reefs, mountains, caverns, bays, islands and coves. This natural paradise has been protected as a National Maritime Park since 2000 and is home to many aquatic wonders such as: starfish, sea urchins, killer whales, fan coral, mother-of-pearl, blue whales, dolphins and sea lions.
see the rest of the blogpost 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
I don’t care what time of year or how many people are here or how many homes have been built…this is one of the most beautiful places on earth.
Some people just like to bitch and complain. Listen to this one:
“There’s too many cars on the road, too many people who don’t know how to drive, and the feeling here is, ‘Wouldn’t it be lovely to keep some of them away?’” the editor of the East Hampton Star, David Rattray, said in an interview yesterday.
And this:“The traffic is beyond disgusting,” the co-owner of Vered Gallery in East Hampton, Janet Lehr, said. “We see our clients from Southampton to Westhampton and Quogue in the winter, but they just don’t come during the summer months, and I don’t blame them.”
This is the Hamptons, ladies and gentlemen. - love it or leave it!
Hampton Mulls Its Own Taxes On Congestion
The New York Sun
By ANNIE KARNI
Staff Reporter of the Sun
July 24, 2007
As Valerie Costalas , New York Times writer, points out:
“DEVELOPERS have bought three well-known properties in the last year: the Montauk Yacht Club, the Panoramic View Hotel and the Shepherd’s Neck Inn. Renovations are under way, as are plans to market co-ops and hotel rooms to wealthy second-home buyers and year-round weekenders. And not far from the Sail Inn, on West Lake Drive, Gosman’s Dock, which grew from a chowder stand 60 years ago into an 11-acre waterfront complex that includes restaurants, shops and a fish market, is for sale for $55 million.”
This is a cool story about a very bright man with the courage to make his dreams come true. We should all be so courageous. md
Montauk’s waterfront sails toward change
Maritime developer with childhood East End roots brings sense of history and design to resort’s makeover
BY DANIEL WAGNER
daniel.wagner@newsday.com
April 16, 2007 story here
More background on Andrew Farkas - Wave Runner
photo by Morgan McGivern
The growth in yachting over the last 5 years has been explosive, and so has the need for professionally managed marina services. The old “tie ‘er up and plug ‘er in” level of service just doesn’t cut it anymore. Well, as could be expected, more sophisticated, globally experienced marina companies are making their way into the Hamptons and East End market.
Montauk Yacht Club Is Sold for $34 Million
By Janis Hewitt
(04/12/2007) The Montauk Yacht Club Resort and Marina on Star Island was sold for $34 million to Island Global Yachting, a Florida company that operates more than a dozen other marinas worldwide. more here
Newsday story here
New York Times story here
