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Water Mill foreclosure; Seafield sold; Sagaponack still priciest

Potpourri of news

Some bits and pieces of Hamptons real estate news that probably don’t warrant an entire post: first up, the north Water Mill home of former Blue Star Jets owner Ricky Sitomer and his ex wife (who had a very notorious and contentious divorce) was foreclosed upon a couple weeks ago. According to an observer, the foreclosure was “quite a spectacle. The former owners showed up to the sale (ex wife with video camera).” The property is being represented by John Brady of Nest Seekers, and, according to our source, will be sold to the highest bidder ASAP. The lien was $2.6M, but we don’t believe the property is worth even that much. The house is dated and hideous, so needs tearing down. There’s 4.6 acres with a pool, tennis court, and distant ocean views, but a neighboring property is 7 acres, cleared, and asking $1.295M.

The beautiful Conway/Seafield estate in Westhampton Beach, for sale for eight years (!), finally closed. Enzo Morabito of Elliman and Marcia Altman of Brown Harris Stevens sold the large estate at 66 Seafield Lane. The property once asked a staggering $39M, but sold for $16.75M.

And finally, according to Property Shark, Sagaponack 11962 is still the most expensive ZIP code in the US. YES! EAT IT, number 2 Atherton, California! The usual suspects round out the top ten: New York 10013 (including Tribeca and SoHo), Miami Beach, Santa Monica, New York 10007 (lower Manhattan), Beverly Hills, and so on.