It's time to make up a bunch of awards and hand them out to the most deserving people, places and things in the worlds of Hamptons real estate, architecture, and dining. That's right, it's time for the Third Annual Curbed Awards! Today's topic: 2013's Biggest Discounts.
230-234 Old Montauk Highway, Montauk
Initial Asking Price: $35,000,000
Sold For: $13,000,000
Mogul Michael "Big Hirt" Hirtenstein picked up this modern oceanfront place on four acres at a stunning discount in March this year. The price included $1,000,000 of midcentury furniture, reportedly. The total discount, for those bad with math, is a whopping $22 million. [LINK]
50 Hither Lane, East Hampton
Initial Asking Price: $28,500,000
Sold For: $13,500,000
Poor lovely Chateau Amorois. It was on the market unloved for 18 months and suffered a number of pricechops. It finally sold in June at an eyewatering $15 million discount, less than half the initial asking price. [LINK]
39 Fairfield Pond Lane, Sagaponack
Initial Asking Price: $35,000,000
Sold For: $24,000,000
After almost four years on the market, Philip Johnson's Farney House changed hands this year. The property included 3.60 acres of prime oceanfront property, including 363 feet of beach frontage. It traded at a discount of $11 million. [LINK]
1900 Meadow Lane, Southampton
Initial Asking Price: $34,000,000
Sold For: $24,000,000
One year and two pricechops after hitting the market, the attractive Southampton estate of the late Teddy Forstmann was sold, albeit at a $10 million discount. [LINK]
24 Chauncey Close Road, East Hampton
Initial Asking Price: $24,950,000
Sold For: $16,367,500
This three-acre Georgica Pond spread spent a year on the market, eventually selling in October at a sharply lower price. With 371 feet of waterfront, the new owners got a good deal, we think. Total discount in the end was $8,582,500. [LINK]
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