Two Sales In $9 Million Range Recorded In Southampton Town - 27 East

Real Estate News

Real Estate News / 1398999

Two Sales In $9 Million Range Recorded In Southampton Town

icon 11 Photos

author27east on Nov 6, 2017

When playing poker, a pair of nines is not a big deal. But in real estate, two transactions in the $9 million range in the same week in the same town—the Town of Southampton—is worth noting, as well as the sellers’ backgrounds.

The first “nine” is the $9,250,000 paid by a limited liability company for 295 Ox Pasture Road in the Village of Southampton. On 1.91 acres, the 6,000-square-foot house contains 7 bedrooms, 7 baths, and 2 half-baths. There is a great room with high ceilings and a wood-burning fireplace, a den with a full bar, and first- and second-floor master bedrooms. The grounds feature a tennis court and an in-ground pool to cool off after a Wimbledon-like workout.

The sellers are Sheila and David Cornstein. Mr. Cornstein has an impressive resume of executive positions in business, but also in the public and government sectors. Among the latter jobs were chairman of the board at the New York City Off-Track Betting Corporation, vice chairman of the New York State Council on State Productivity—where, presumably, he was especially productive—director of What a World! Inc. and on the board of directors of the Jewish Community Relations Council.

A close second at $9,100,000 is 207 Dune Road in the Village of Westhampton Beach, also purchased by an LLC. On 1.6 acres with 100 feet of Atlantic frontage is a 6,000-square-foot house with 9 bedrooms and 8.5 baths. A particularly interesting amenity in the renovated shingled contemporary residence is “the latest Savant Mac Based System,” which we suppose every home should have—eventually. There are also automatic hurricane shutters, an elevator, and two fireplaces.

The sellers are Ann and Martin McGuinn. Mr. McGuinn served as chairman and CEO of the Mellon Financial Corporation through 2006, and previously was CEO of Mellon Bank. Other positions along the way were a trustee at Carnegie Mellon University and Carnegie Institute and director of the American Bankers Association.

You May Also Like:

In Sagaponack, 1.7-Acre Property Sells for $7.65 Million

A 1.7-acre Sagaponack property with an existing house but coveted for the land itself recently ... 20 Nov 2024 by Staff Writer

1930 Southampton Village Residence Sells for $6.75M

A south-of-the-highway Southampton Village shingled traditional recently sold for $6.75 million, having found a buyer ... by Staff Writer

Homeowners Insurance Becoming More Difficult and Expensive To Obtain on the East End

Location, location, location. We’ve each heard this phrase when it comes to establishing the value ... 14 Nov 2024 by Joseph Finora

Oneck Estate Sells for $7.9 Million

A Westhampton Beach estate that was completed in 2008 by Westhampton’s Sea Level Construction has ... 13 Nov 2024 by Staff Writer

Governor Announces $10 Million Available To Advance Zero-Emission Homes

Governor Kathy Hochul announced last month that $10 million is now available to advance new zero-emission homes in New York State. The Building Better Homes – Zero Emission Homes for Healthier Communities program incentivizes the design, construction and marketing of new clean and resilient single-family homes and townhomes and provides training and technical support to builders and developers. Advancing zero-emission new construction across the state will reduce emissions, improve indoor air quality, and create healthy, comfortable and resilient living environments for all New Yorkers, according to the governor’s office. “New homes built to the latest clean energy and efficiency standards ... by Staff Writer

North Sea Beach Colony Modern Sells for ​​​​​​​$9.28 Million

A waterfront modern home in North Sea Beach Colony located about halfway between Cow Neck ... by Staff Writer

Amagansett Bell Estate Section Home Sells for $11 Million

In Amagansett North, a new build at 39 Timber Trail has sold for $11 million, ... 6 Nov 2024 by Staff Writer

REI Hosts Fall Luncheon November 19: Communities Before and After Multifamily Development — Exploring Empirical Data

The Real Estate Institute at Stony Brook University College of Business will explore the evolving landscape of solutions to Long Island’s housing crisis during its fall luncheon, titled, “Communities Before and After Multifamily Development — Exploring Empirical Data.” Taking place on November 19 at Heritage Club at Bethpage, in Farmingdale, the event aims to bring together industry experts and thought leaders to share their perspectives on the future of multifamily development on Long Island and bring insight into the intricacies of Long Island’s success stories with multifamily development. “As housing paradigms shift, this event will dissect the emerging trends, technological ... 28 Oct 2024 by Staff Writer

Southampton Village Gambrel With Pool, Tennis Sells for $13.3 million

A gambrel-style residence in the Southampton Village estate section recently sold for $13.28 million. At ... 22 Oct 2024 by Staff Writer

East Hampton Home of Former WABC Reporter Doug Johnson and Late Lobbyist Liz Robbins Is for Sale

Former WABC Eyewitness News reporter Doug Johnson has put his East Hampton home on the ... by Staff Writer