Hamptons Historic Site for Sale: $81.5 Million

Aug 31, 2010, 12:17 ET from Saunders & Associates

SOUTHAMPTON, N.Y., Aug. 31 /PRNewswire/ --  Everything old is new again as The Olde Towne Association unveils its completed 50-acre historic site.  It includes the largest mature tree move in history and offers seven building parcels for sale for $81.5 million, the largest land offering in Southampton Village.  The bucolic four acre +/- individual lots are available from $10.5 to $13.5 million dollars, including some with second floor pond and ocean views.

(Photo:  http://photos.prnewswire.com/prnh/20100831/NY57488 )

(Photo:  http://www.newscom.com/cgi-bin/prnh/20100831/NY57488 )

Andrew Saunders of Saunders & Associates, the listing real estate broker says, "The developer crafted a visionary plan which is among the most rarified settings in the Hamptons."

Hallowed not only as the site of the first English settlement in New York but also adjacent to the very lane which set a real estate record for Hamptons' land value, Olde Towne combines a return to the generous scale and gentility of the past while presenting owners with every modern amenity for state of the art building, along with the Hampton's first dedicated green land management practices.

As only the 7th titled owner in 370 years, developer Bob Gianos, founder and president of East End Properties LLC, had to navigate the stormy seas of development to preserve the history and the environment of this incredible piece of land and create a magical place which would make the founding families proud.  

"I wanted to marry history with this century and use native landscapes and the famed local architectural vocabulary to honor the largest and most historic piece of land," says Gianos.  To create a more pastoral estate-like setting he actually chose to reduce the number of buildable parcels from 16 to 10 and to dedicate 35% of the property to open landscaped spaces, rather than the required 0%.

For the discerning client who envisions an unparalleled Hamptons' compound in the world's most sought after location steps from the village and ocean, the lots can be purchased all together to create a private village within a village, an unprecedented opportunity in terms of vacant buildable land.

Working in association with revered land planners Hart Howerton, Gianos juxtaposes verdant open spaces with forested nature preserve, country meadows bursting with color, and long, private, quiet, winding lanes canopied with mature London Plane trees, all centered around an expansive "Green" with hints of "Sunday In The Park With George." A separate set of roads enter from the rear of each parcel for construction and service so as not to disturb residents or the grand double allee entry and quiet lanes within the Association.  Gianos donated 5.5 acres to the adjacent Fowler Nature Preserve and partnered with the Community Preservation Fund to create a separate park across the street, guaranteeing the rural, bucolic vistas.  As he states, "It's a fairy tale site.  There's no more dramatic or storied piece of land."

To the original settlers you can only say, "Wow, if you could see it now."

The property has a dedicated website www.oldetowne1640.com and is listed for sale with Saunders & Associates at www.HamptonsRealEstate.com/06116

About Saunders & Associates

Saunders offers keen insights into today's market and elevates the approach to Hamptons real estate through a powerful marketing focus, fierce commitment to enabling the deal, and a refined, concierge style that is uniquely sensitive to Hamptons culture. Saunders has been notably selected to be The Hamptons member of "Who's Who In Luxury Real Estate," a global referral network of the world's most elite luxury real estate brokers. For more information call (631) 537-5454 or visit www.HamptonsRealEstate.com.

SOURCE Saunders & Associates