Pure Property

The real estate market out East continues to soar.
124 Old West Lake Drive offers sweeping views of Lake Montauk.

By Nancy Kane

Hamptons real estate is in a frenzy, with sales way up and rentals hard to find. Homes have become more important to us than ever, so this summer, settle into one of these beauties, put your feet up and soak in some sun.

Montauk is the beating heart of the Hamptons, and a rare opportunity has come up on nearly an acre of land on Old West Lake Drive on the south end of beautiful Lake Montauk. Imaginative home-seekers will find a pristine parcel of waterfront offering sunsets all the way to the inlet. Nearly an acre of foliage runs down to the water’s edge, leading to well over an acre of underwater rights. Minutes from Ditch Plains Beach, the current property features a rooftop deck and two separate one-car garages, or you could opt to build your own dream house. Christopher Stewart at Compass has the listing; asking price: $2,750,000.

The seven new builds at Wainscott Hollow Farm are constructed on eco-conscious grounds with plant life to support the bee population.

In Wainscott, Lot 4 of premier custom builder Jeffrey Collé’s stunning new Wainscott Hollow Farm is on the market, asking $19,950,000. The complete project will offer seven custom homes on 40 acres. Each home will feature a pool, tennis court and views of the surrounding land. Collé, working with architect Neal-James Stufano, makes the most of the natural light of the property, purchased from Ronald Lauder in 2006. The land has been free of chemical fertilizers for a decade, and Collé has grown organic buckwheat to support bee colonies. The original farmhouse will be preserved as a guesthouse for one of the custom homes. Lot 4 offers five bedrooms, including a main suite and a private guest suite over the three-car garage. A three-story stair tower features shaker-style paneling with custom built-in cabinetry throughout all levels. The lower level has a full gym with sauna and a separate bath with shower and dressing area. An outdoor fireplace completes this 2-acre property surrounded by over 100 acres of reserve. The beach is a 10-minute walk away.

51 Pheasant Lane is built with high-tech features and wellness-focused amenities.

South of the Highway in Southampton Village, a new-construction house on Pheasant Lane presents a classic home that has everything a family could want. Enter through a spacious 28-foot entry foyer, and you’re surrounded by floor-to-ceiling windows leading to an expansive living room with two fireplaces. A full gunite pool, spa and cabana with a 10-foot fireplace, wet bar and changing room overlook a sunken tennis court. The 12,000-square-foot home features eight bedrooms, 12 full baths and four powder rooms accessed by a stunning floating staircase or a glass-enclosed elevator that looks at the sky. A spacious chef’s kitchen has custom-built cabinetry, high-end appliances, Silestone countertops and a waterfall center island. The entertainment level features a gym, media room, sauna, massage room, two en suite bedrooms and a living room. This is a smart home, with all the technology needed for modern living, as well as solar panels, a top-of-the-line security system, automated entry gates and a three-car garage. Asking $21,500,000, the listing is with J.B. Andreassi and Jason Barnett of NestSeekers.

125 Mid Ocean Drive, Bridgehampton, as imagined by architects Barnes Coy

In Bridgehampton, a Mid Ocean Drive listing with Douglas Elliman’s Erica Grossman and Michaela Keszler asks $52,000,000. Built by Ben Krupinski Builder with architect Barnes Coy, the over-10,000-square-foot home is situated on nearly 2.2 acres of coveted oceanfront, with an interior featuring eight bedrooms and 12 baths. There is also an open gourmet kitchen and a large media room with a custom bar. The gym and game room lead to an infinity-edge gunite pool and deck, taking full advantage of the floor-to-ceiling glass doors and windows throughout. Outside, a kitchen and grilling station make outdoor living a breeze. There is even a private lighted walkway from your home in the dunes to the beach.