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540 Halsey Neck Lane
Southampton, NY 11968
$14,995,000
Conventional
Property
Bedroom
9
Bathroom
12
Property Type
Conventional
Square ft
10000
Property Description
Featured in Hamptons Magazine, this impressive home was designed by the renowned and award-winning architect Boris Baranovich. It exudes a timeless elegance in the style of a European Manor house, with grand proportions that are reminiscent of another era. The meticulous attention to detail is evident throughout, making it a true turnkey property. Boasting approximately 10,000 square feet on 3 levels, with an additional 2,700 square feet available on the 3rd floor, the home offers potential living space of just under 13,000 square feet. Upon entering through the private gates, guests are greeted by mature landscaping and a grand double height entry gallery leading to gracious entertaining spaces. The oversized living room, with an abundance of French doors along the East wall, opens to a large stone terrace outside. The gourmet kitchen features granite countertops and top-of-the-line appliances, including a Sub-Zero refrigerator, double Viking oven & range, Wolf oven & microwave, Wolf warming drawer, and two Fisher & Paykel dishwashers. A chic Butler's Pantry with Sub-Zero wine storage leads to the grand formal dining room. The Parlor, with a marble fireplace and glass doors leading to the covered South Veranda, is perfect for receiving guests or simply unwinding with a good book. The first floor also includes a large Junior suite, ensuite guest bedroom, elevator, office, two powder rooms, and mud room. Upstairs, the sumptuous Primary suite has two balconies from which to hear the ocean, a fireplace, dressing room, and an office. Four additional large en-suite guest rooms complete the upper level. The lower level offers yet another entertaining extension with a billiard room, card/game room, and living room that can be easily converted into a modern-day screening room. It also includes two large staff bedrooms, two full bathrooms, and a large laundry room. The third level, with just under 2,700 square feet of light-filled space, is custom-builder ready and perfect for a children's playroom, yoga, dance, or art studio. Outside, a heated 20x40 gunite pool is accompanied by a beautifully decorated pool house with double height vaulted ceilings, wet bar, and full bathroom. This like-new grand residence offers an incredible opportunity to purchase a truly special Southampton Estate.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2014
MLS Number
11245122
Location
Address
540 Halsey Neck Lane
City
Southampton
State
NY
Zip Code
11968
County
SUFFOLK (EAST)
Listing
Provider
Name
Compass
Phone
(212) 913-9058
Office Name
Compass
Office Phone
(212) 913-9058
Agent Name
Susan Harrison

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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.