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570 & 574 Montauk Highway
East Hampton, NY 11930
$12,995,000
Conventional
Property
Bedroom
7
Bathroom
10
Property Type
Conventional
Square ft
12000
Property Description
Introducing a brand-new 12,000 square foot luxury residence nestled on 1.3 acres, surrounded by reserved land, and complemented by an adjacent lot of equal size, offering a rare 2.6-acre compound opportunity. Crafted by the esteemed Oza-Sabbeth Architecture, this distinctive single-story home features an open layout, floor-to-ceiling Marvin Windows, and a seamless flow, showcasing a construction quality of the highest caliber. Boasting a 5-star Smart Home design by Home Technology Experts, it includes a Lutron RadioRa3 controlled lighting system, Sonos audio system, security system, climate control, pool control, and Lutron Palladium Shades wiring. The property stands out with modern design elements such as flush baseboards, concealed door hinges, and carefully curated graffiti lighting and LED cove lighting by Hamptons Lighting Design, creating a sophisticated yet inviting atmosphere. Impressive 16' ceilings on the upper level and 12' ceilings on the lower level enhance both indoor and outdoor spaces, complemented by 10" ultra-premium white oak flooring from Black Barn Wood Products of Pennsylvania. The open-concept kitchen/dining area features a full Miele Appliance package, a 10' island, butler pantry, multiple sinks, dishwashers, and a wet bar. The living room boasts a see-thru 80" gas fireplace by Sag Harbor Fireplace, and Marvin Modern floor-to-ceiling glass windows and doors in a sleek black finish grace the entire residence. Bathrooms are a masterpiece, furnished with By Cocoon vanities from Italy and floor-to-ceiling microcement, eschewing tiles throughout. This residence comprises seven large ensuite bedrooms with the potential for two more, totaling 9.5 bathrooms. The lower level, standing at 12' tall, features two additional ensuite bedrooms, a kitchenette with a wet bar, laundry room, microcement wine room, fully wired theater room, and a glass-walled gymnasium with floor-to-ceiling mirrors. A standout feature is the 3,000 square foot recreation area, column-free, offering endless possibilities for recreation and entertaining. Dual detached garages accommodate three cars, and the expansive driveway provides ample guest parking, featuring an electronic sliding gate by East Hampton Gate and Fence with RainBird gate automation. The exterior showcases intricately designed clear cedar siding and a seamless black metal roof. Expansive mahogany decking surrounds the house, providing outdoor lounging, dining, and covered porch spaces, all meticulously crafted with five-star carpentry. The fully automated 20x60 gunite pool includes a 10' x 10' hot tub with separate equipment and Aqualink automation. The poolhouse features a kitchenette, bar, bathroom, and clear cedar outdoor shower, while the Natural Gas firepit by The BBQ Guys adds a touch of warmth. Calyx Designs oversees the landscape design and installation, featuring over 300 Thuja and Cryptomarium trees, creating a private and enclosed compound opportunity. This eco-friendly residence comes equipped with a full solar system by GreenLogic Solar and HERS energy certification, providing tax credits and substantial utility savings. The adjacent property, available separately, is cleared and utility-ready, presenting various possibilities such as an expansive yard, tennis court, playing field, or a second luxury home, with the option for customization at cost to the buyer's specifications. The unique single-story concept, coupled with expansive grounds, makes this property a must-see, and the fully wired smarthome surrounded by nature reserves positions it as the best New Construction deal on the market. The perfect location, in close proximity to beaches, towns, and all that Amagansett and East Hampton have to offer, completes this unparalleled offering.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2023
MLS Number
11237308
Location
Address
570 & 574 Montauk Highway
City
East Hampton
State
NY
Zip Code
11930
County
SUFFOLK (EAST)
Listing
Provider
Name
Compass
Phone
(212) 913-9058
Office Name
Compass
Office Phone
(212) 913-9058
Agent Name
Breitenbach Advisory Team

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.