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152 Sagg Road
Sagaponack, NY 11962
Jenice Delano with Saunders & Associates, original listing - (631) 537-5454
$9,350,000
Conventional
Property
Bedroom
6
Bathroom
Full: 5, ½: 1
Property Type
Conventional
Square ft
7043 Square Feet
Property Description
Get ready to be wowed. This modernist estate is perched on the only hilltop in miles, with breathtaking views of Wolffer Vineyards and Poxabogue Pond. The front door opens onto a 70' entrance gallery with soaring ceilings and +/- 7,000 square feet on three levels. The fully equipped chef's kitchen is completely open to the dining and living areas, with walls of glass on all sides. French doors surround the three kitchen islands and provide easy access to outdoor dining and gathering around the outdoor fireplace. Across the entrance gallery, a warm and welcoming formal living room positions your view squarely on the vast vineyards beyond. The western wing of this floor offers three guest suites, including one very private jr. primary, with French doors to the pool area. There is also a powder room, laundry room, and attached 2-car garage. The upper floor features a gigantic primary suite with huge walk-in closet, second laundry and a spa-like bathroom, opening onto an outdoor shower and two private decks with outdoor fireplace. Completing the upper level, there are French doors leading from the top of the stairs to almost 2,000 +/- sq. ft. of public terrace, with magnificent sunset views, perfect for entertaining one visitor or 100 close friends. The lower level is flooded with light, thanks to sliding doors leading to the 42' heated gunite pool. Inside, guests will find a Cabana room with a full bar. The lower level also offers a spacious media room, two bedrooms that share a bath, and an exercise area, all connected to the main floor by grand hallways and a floating staircase. The pool is surrounded by lush landscaping, all on one acre. The home is centrally located in the coveted Village of Sagaponack, just north of Pike Farmstand and Loaves and Fishes.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2015
MLS Number
--
Location
Address
152 Sagg Road
City
Sagaponack
State
NY
Zip Code
11962
County
SUFFOLK (EAST)
Listing
Name
Phone
(631) 537-5454
Office Name
Office Phone
(631) 537-5454
Agent Name
Jenice Delano
Agency Phone
(631) 537-5454

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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.