East Hampton Square-Fooge Rule has buyers found by megamansions

More lanes megamansions are some of the largest and most faces houses of all hamptons. It is the type of neighborhood where a house of 10,000, 20,000 or even 30,000 square feet does not remain like a high poppy.

But in March, the Council of the City of East Hampton said that it is enough, passing a change of code that reduces the size of new houses. The rule limits the size of the houses to 7% of the surface of the batch plus 1,500 square feet, but more important (especially if you had finished winning the lottery) is that the maximum square of the square is now fixed at 10,000.

This drops from previously permitted 20,000 square feet.

“Perversely perverse people who have already built larger houses in the smallest lots. They now have more valuable property. But it punishes people who maintained the nature they protected and protected. It seems very unfair to reward people who have these giant and construction houses,” says Martha Gundersen de Douglas Elliman.

Needless to say, the changes have been shown controversial in the city (the people of East Hampton have their own codes). But one thing is clear: the houses with the so -called “pre -existing and non -conforming attributes” are now the hottest offers to East Hampton.

Gundersen points to the recent construction of eight bedrooms, eight bathrooms full of bathroom at 39 Timber Trail in Hiding, which sold last October for $ 11 million. It is just over 10,000 square feet on a 2 -hectare lot. But he returns to the market by asking for $ 11.75 million with Dana Trotter from the agency.

“It will certainly be harder to build today,” says Trotter.

But Michael Cantwell, by Bespooke Real Estate, says that the phenomenon is not new. “You see it through the table,” he says, emphasizing that as more and more zoning regulations add, the non -conforming attributes of all types increase the value of a house. “We sold this property to 7 West End Road, in East Hampton. It was a seafront property, but it had this small beach hut, a pre -existing attribute and not as much as someone could become a really fantastic thing.”

That tear was sold for $ 24.5 million.

One of the current listings of your intermediation is another example of home that can never be replicated. It is a house of 5,500 square feet of five bedrooms, of four bedrooms, to 64 West End Road, with 2.7 hectares in the Estany de Georgia. “It is on a peninsula and it is the type of thing that if you wanted to recreate -today, it would not be so good in terms of footprint and proximity to the water.”

Asks $ 32.5 million.

But, if he will only do it greater than what he will do, 43 East Dune Lane, also known as Dune Cottage, in East Hampton, is the highest house in the market.

It has 13,176 square feet of splendor by the sea in a lot of 3.6 hectares, along with 10 bedrooms and 12 bathrooms (divided between a main and guest residence), a pool, a tennis court and a price to combine.

$ 84.9 million is requested with Terry Cohen from Hedgerow excluding properties.

Go big or go home.