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91 Abrahams Landing Road
Amagansett, NY 11930
$13,950,000
Conventional
Property
Bedroom
9
Bathroom
12
Property Type
Conventional
Square ft
12395
Property Description
Located in the heart of Amagansett, this stunning new construction estate is sited on a 1.3 acre fully cleared property, with sweeping elevated views of the South Fork Country Club. Designed by storied architecture firm Fleetwood, McMullan & Sanabria and built by renowned local builder Phil Kouffman, this generational estate offers 12,395+/- square feet of elegantly appointed living space spanning three levels with 9 bedrooms, 9 full and 3 half baths. Intentionally designed for open concept living, this home features multiple expansive sight lines with views over the perfectly manicured pool and bucolic grounds, creating an immersive setting that showcases the back-nine of the golf course. The home perfectly blends light-filled indoor living spaces with more intimate and private outdoor areas. Upon entering the 30 foot tall open entry foyer, one is welcomed by an architectural oak staircase and a wall of windows which flood the room with light, spilling into the adjacent dining room and grand living room with oversized fireplace and spectacular eat-in kitchen. All finishes throughout the residence are thoughtfully selected with the ultimate in design and quality in mind, including a premium marble package throughout the home, 8" wide European oak flooring and Waterworks fixtures. The Bakes & Kropp Fine Cabinetry kitchen is equipped with a Wolf range, dual side-by-side 36" Sub-Zero refrigerator/freezer units, dual Cove premium dishwashers, a built-in gourmet coffee machine, wine fridge and beverage center. The kitchen is centered by the oversized waterfall marble island with ample bar top seating and a more casual seating area. There is also an adjacent Chef's kitchen with a supplementary 6-burner Wolf range and dual ovens. A thoughtful breakfast nook that overlooks the magnificent grounds and golf course completes this sun-filled kitchen. The kitchen flows outside to a 1,200+/- square feet partially covered terrace with ample room for al fresco dining and living. Additionally on the first floor, one will find a study, mudroom, powder room and a first-floor junior primary bedroom suite with walk-in closet and en suite bath. An elevator services all three levels of the home. The second floor offers breathtaking views of the golf course and features three graciously sized en suite bedrooms all with walk-in closets, plus a second-floor laundry room and a spacious library or sitting room. The deluxe primary suite has its own wing of the home, offering over 2,500+/- square feet of serene private living space with sweeping views of the golf course. This grand suite is equipped with an oversized bedroom, dual primary baths featuring large vanities, a free-standing soaking tub and two spacious showers, dual walk-in closets, an office/sitting room and accompanying wet bar, 3 private balconies and a laundry chute directly to the lower level. The fully finished lower level is completed to the same exacting standard as the rest of the residence, with multiple open recreational rooms and sitting areas, a custom millwork wine room, a full bar with plentiful bar seating, a sunken golf simulator room, and a spacious theater. There is also an additional large laundry room and two en suite guest bedrooms. The Wellness Center and Spa is all-inclusive, featuring a full gym, octagonal wood sauna, steam room with full bath, and a changing room that opens to a private courtyard and the outdoor shower complex. The courtyard allows for ample natural light in the lower level while providing a separate guest entrance and exit. The grounds are complete with a lush, manicured lawn, designed by esteemed landscape architect Patrick Conlan, and well-appointed with a 50x23 heated gunite pool and raised spa with waterfall feature surrounded by an expansive patio and tree-shaded outdoor dining area. There is also a 2.5-car garage, porte-coch?re and ample parking. All this located moments from local farm stands, shops, restaurants and world famous ocean beaches.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2023
MLS Number
3527845
Location
Address
91 Abrahams Landing Road
City
Amagansett
State
NY
Zip Code
11930
County
SUFFOLK (EAST)
Listing
Provider
Douglas Elliman Real Estate, original listing
Name
Douglas Elliman Real Estate
Phone
Office Name
Douglas Elliman Real Estate
Office Phone
(631) 537-5900
Agent Name
Martha Gundersen

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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.

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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.