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Real Estate
$69 Million Hamptons Estate Hits Market For First Time In 75 Years $69 Million Hamptons Estate Hits Market For First Time In 75 Years
$69 Million Hamptons Estate Hits Market For First Time In 75 Years Have $69 million lying around? If so, you can live on the beach at a massive New York estate that has hit the market for the first time in 75 years. It's located on the East End of Long Island, in East Hampton. “Cima Del Mundo,” which translates to “Top of the World” on Lily Pond Lane has been listed by Compass with a massive price tag as realtors look to sell the Spanish-Colonial estate, which was originally built in 1925 and renovated in the 1990s. Cima Del Mundo includes 400 feet of beachside property.Compass The 2.7-acre property includes 400 feet of private beach and ocean with v…

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by Zak Failla
Real Estate
Former Pro Sports Star's Estate In Region Hits Market For $16.5 Million Former Pro Sports Star's Estate In Region Hits Market For $16.5 Million
Former Pro Sports Star's Estate In Region Hits Market For $16.5 Million A former professional athlete's massive 18,000-square-foot Connecticut compound has been put on the market for nearly $16.5 million. Sotheby’s International Realty listed a 445.62-acre estate in Litchfield County at 400 5 1/2 Mile Road in Cornwall, which is owned by tennis legend Ivan Lendl for $16,450,000, which includes 10 bedrooms, 12 full, and three partial bathrooms. 
“This extraordinary estate with a beautiful Georgian Federal-style home was designed by the American architect Allan Greenberg for world-renowned tennis legend Ivan Lendl,” the realtors wrote in the listing. Former t…

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by Zak Failla
Real Estate
137-Acre Estate Overlooking Hudson River Hits Market For $6.95 Million 137-Acre Estate Overlooking Hudson River Hits Market For $6.95 Million
137-Acre Estate Overlooking Hudson River Hits Market For $6.95 Million If you are out house shopping and have a spare $7 million then a Hudson Valley home on the market is just the spot. Located in Ulster County, in the village of Saugerties, the home, or should we say 13,892 square-foot-mansion, has extraordinary views of the Hudson River and rich history, but it needs a little tender loving care. It which sits between the Catskill Mountains and the river was once part of the 1,000 acres of Henry Barclay farm. A view from the entryway.Zillow.com It was built in 1855 by Joseph B. Sheffield the owner of the once successful J. B. Sheffield & Son Company…

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by Kathy Reakes
Real Estate
Waterfront Estate In Fairfield County Sells For $27.75M Waterfront Estate In Fairfield County Sells For $27.75M
Waterfront Estate In Fairfield County Sells For $27.75M It's got rooms with a view -- and plenty of them -- and the sale price to show for it. A sprawling Connecticut estate on the waterfront of Fairfield County's Gold Coast on the Long Island Sound has sold for $27,750,000, Houlihan Lawrence announced on Monday, May 10. It's located on the Belle Haven peninsula with 680-plus feet of shoreline on Greenwich Harbor, at 23 Smith Road.  The richly detailed 1939 residence was designed by noted architects Henry O. Chapman, Jr. and Harold Beder, and was the original home of banker and lumber dealer Oliver D. Mead.  There are …

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by Joe Lombardi
Real Estate
Westchester Home Of Actor Hits Market At $3.25M Westchester Home Of Actor Hits Market At $3.25M
Westchester Home Of Actor Hits Market At $3.25M Actor and comedian Hank Azaria, the voice of “The Simpsons” characters, such as Moe Szyslak and Chief Wiggum, has listed his Northern Westchester home for $3.25 million. Located in Bedford Corners, Azaria is said to have fallen in the love with the 19th century home at first sight. A description of the antique farmhouse-style home on Compass Greater NY, the realty company handling the sale, says the home,  a roomy 5,384 square feet, is tucked away on a quiet country road, nestled on four private acres, and has been "meticulously renovated." During the renovation, care was taken to make s…

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by Kathy Reakes
Real Estate
258-Acre Former IBM Property For Sale In Hudson Valley 258-Acre Former IBM Property For Sale In Hudson Valley
258-Acre Former IBM Property For Sale In Hudson Valley A massive 258-acre campus that once was occupied by IBM in the Hudson Valley has been put on the market. McGrath Realty announced that the former IBM facility in Kingston, which was first built in the 1950s, is up for sale, “offering plenty of opportunities” for a potential buyer. “The property was built in the 1950s by IBM,” realtors said. “What IBM built and left behind is a level of infrastructure that would be difficult to replicate and that is more than sufficient for any contemporary use. “The site’s ample supply of power, water, fiber communications trunks, and other industrial-grad…

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by Zak Failla
Real Estate
Waterfront Long Island Home Where Noted Author Wrote Last Novel Lists At $18M, Report Says Waterfront Long Island Home Where Noted Author Wrote Last Novel Lists At $18M, Report Says
Waterfront Long Island Home Where Noted Author Wrote Last Novel Lists At $18M, Report Says Nobel Prize-winning author John Steinbeck’s Long Island estate, where he notably penned his final novel, “The Winter of Discontent,” has hit the market for nearly $18 million. Steinbeck’s waterfront home in the Hamptons has been listed for $17.9 million, which would be the first time the property was put up for sale in more than six decades. The 1.8-acre property includes nearly 600 feet of private waterfront and a 60-foot pier with views of Morris Cove and Upper Sag Harbor Cove. It is being sold through a private trust that was established by Steinbeck’s late wife Elaine. “The year was 1…

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by Zak Failla
Real Estate
COVID-19: New Report Reveals Just How Big Housing Boom Has Been During Pandemic COVID-19: New Report Reveals Just How Big Housing Boom Has Been During Pandemic
Covid-19: New Report Reveals Just How Big Housing Boom Has Been During Pandemic The housing boom ignited by the COVID-19 pandemic has been even bigger than previously thought, according to data released by the Federal Reserve Bank of New York in its report for the final quarter of 2020. Total household debt increased by $206 billion (1.4 percent) to $14.56 trillion for the last three months of 2020, driven in part by a steep increase in mortgage originations, the report stated. That total debt balance is $414 billion higher than at the end of 2019. But wait, there's more. Home prices increased 9.5 percent in November, the highest jump in six years, according to …

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by Joe Lombardi
Real Estate
Yorktown Green Project Proposed Featuring 150 Apartments, Mixed-Use Building Yorktown Green Project Proposed Featuring 150 Apartments, Mixed-Use Building
Yorktown Green Project Proposed Featuring 150 Apartments, Mixed-Use Building One of the most prominent vacant commercial sites in Northern Westchester could be getting a multi-million dollar facelift to transform it into a massive mixed-use building. A proposal to transform Yorktown Green into a mixed-use development featuring 150 apartments, ground-level retail locations, and a new supermarket was introduced to the Town Board this week to much fanfare. According to Olster Properties, the 15-acre development in the heart of Yorktown Heights on Downing Drive would include the demolition of the current 90,000-square-foot building that was the home of a defunct Kmart …

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by Zak Failla
Real Estate
Tommy Hilfiger Sells $45 Million Mansion In Fairfield County Tommy Hilfiger Sells $45 Million Mansion In Fairfield County
Tommy Hilfiger Sells $45 Million Mansion In Fairfield County Fashion icon Tommy Hilfiger is ditching the Northeast for warmer pastures in Florida after selling his Greenwich mansion for $45 million. This week, after having the 13,344-square-foot mansion listed for several months, Hilfiger closed the deal on the 22-acre John Street estate. The Greenwich home includes six bedrooms, 11 bathrooms (eight full, three powder rooms), a reflecting pool, guest house English gardens, a koi pond, a private pool and had been listed for approximately $44 million. According to realtor.com, the home also has hand-painted fabric walls, carved millwork, wide-board a…

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by Zak Failla
Real Estate
COVID-19: Pandemic Leads To Surge In 'Tiny House' Sales COVID-19: Pandemic Leads To Surge In 'Tiny House' Sales
Covid-19: Pandemic Leads To Surge In 'Tiny House' Sales It seems puzzling at first, but COVID-19 has increased demand for homes in the 120 to 500 square-foot range. Tiny homes, the seemingly quirky, sustainable living trailers that were popularized during the 2010s recession, are being sought in greater numbers, according to manufacturers and industry analysts. A manufacturer in California became so inundated with requests that he had to expand his warehouse from 12,000 square feet to 22,000 square feet, according to Yahoo News. 2020 wound up being a record year for the company and no one was more surprised than the owner. Why would anyone want…

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by Kristin Palpini
Real Estate
COVID-19: Luxury Home Sales Soar North Of New York City COVID-19: Luxury Home Sales Soar North Of New York City
Covid-19: Luxury Home Sales Soar North Of New York City The market for luxury homes in the suburbs north of New York City has been red-hot during the COVID-19 pandemic, as realtors saw record-breaking numbers as eager buyers flocked en masse away from the densely crowded city. Low inventories, highly-motivated buyers, low-interest rates, and a booming stock market created a true seller’s market, leading to record-breaking sales, specifically in Westchester, Putnam, Dutchess, and Fairfield counties, officials said. According to a new report from Houlihan Lawrence, “pandemic-driven changes in buyer preferences were especially prevalent in New York…

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by Zak Failla