Live inside Dick Cavett's Famous Montauk Home

Corcoran just listed the famed Tick Hall in Montauk for $62M, owned by talk show host and author Dick Cavett – it has been part of Hamptons and Montauk lore for 135 years, when it was first built by the infamous Stanford White as one of the “Seven Sisters” of shingled homes known as the Montauk Association.

The actual structure of how the current iteration of the home came to be is fascinating: Tick Hall tragically burned down in 1997 in an accident possibly linked to a roof repair, leaving only the chimney standing, and years of family heirlooms and antiques destroyed.

Cavett and wife Carrie Nye vowed to build and exact replica on its place, not allowing any updates or even to fix any mistakes of the original home. With no plans remaining of the homes, the couple relied on photographs, their own memories, and even unorthodox methods like measuring the height of their actual pet dogs, because they had a picture of them jumping up on a windowsill. The rebuilding of the home was the subject of a 2003 documentary, “From the Ashes: The Life and Times of Tick Hall.”

One of the most extraordinary Homes in the world, it is bordered to the east by over 170 acres of oceanfront parkland with an additional 1,200 ft. of pristine coastline. A top-of-the-world site provides 360 degree views over your unmatched domain. A private path winds to your own oceanfront cove known by local cognoscenti as, “Cavett’s Cove”, with the most private sandy beach on the East End.

Incredible natural beauty in this setting and Miles and miles of equestrian trails are at your doorstep. A secluded fresh water pond offers a location on the property that screams for meditation as well as the swimming pool set away from the home down a special canopied trail boasting views of the sea. Only minutes to the regional airport, Lake Montauk marinas, world class golf and the renowned amenities of the Hamptons.

Guests in the home have included Muhammad Ali, Sir Laurence Olivier, Tennessee Williams, Alec Baldwin and Woody Allen.

The property, including the home and 19 acres overlooking the ocean in Montauk, is listed by Corcoran’s Karen Kelley and Tim Davis for $62M.

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Party In A Bathtub in this Penthouse Triplex

In a city where everyone is always on top of each other, you can now have enough space. This is changing thanks to the penthouse at One Van Dam, listed for a cool $25,000,000 This 5,286 sf triplex home with private interior elevator servicing all 3 levels is comprised of 4 bedrooms, 5.5 baths, eat-in-kitchen with large pantry, Great Room, 3 WBFLs, rooftop living room, two entrances, catering kitchen and outdoor spa PLUS 3 terraces totaling 1,996 SF of heavenly outdoor space. 

Upon entering, one is greeted by a glorious triple height stair framed by a spectacular 30-foot tall wall of glass. Off of this amazing entry, gallery is a dining area suitable for large sit-down dinner parties and a 28 wide living room with double sliding window wall leading to the 400 sf terrace with views south to the Freedom Tower.  

The south end of this floor is the double-wide master suite overlooking downtown Manhattan with a WBFL, enormous windowed dressing room and master bath with large floor to ceiling window, free-standing soaking tub, radiant- heated Dolomiti marble floors, private water closet and open east views over Soho. A door from the master bath leads to a terrace and stairs up to the rooftop terrace for a secret soak in the sunken Spa. 

This tub can hold at least three people with prosecco, up for a dip?

The rooftop level, accessible via triple height stair or private elevator, has an expansive terrace of over 1400 sf, WBFL, sunken spa and is prefect for jaw-dropping entertaining with its adjoining catering kitchen and living area with sliding window walls. PHA at One Vandam has pre-wired technology infrastructure for lighting, window shades, media and audio, Nanz polished nickel door hardware, year round central heating and cooling system, dramatic and expansive thermopane windows and 7 rift and quarter sawn custom stained White Oak flooring. 

One Vandam is home to 25 exceptional residences on 14 floors, each individually tailored to reflect the contours of the building, the surrounding cityscape and the nuanced character of the neighborhood. The building, designed by BKSK Architects, features a dramatic and sweeping landscaped outdoor terrace in addition to an impressive array of sun-filled amenities spaces, creating a private oasis for its residents. The interiors, as designed by Studio DB, feature hand-crafted details and finishes created especially for One Vandam, presenting an invitingly warm and modernist vision. 24/7 Concierge, full-time super and porter. Residents gym. Private storage. Located at Prince and Spring Streets in Soho, adjacent to the West Village and Tribeca, One Vandam offers expansive one-to-five bedroom residences.

Find out more information click here

Sean Murphy Turner of Stribling & Associates is the listing agent.

The Best Reasons Why You Need To Do Rental Investment

If you’ve come into a little extra money, or you’ve been working hard to put away savings, there’s no doubt you’ve been wondering what the best way is to invest that money. If you’ve never considered a rental investment, now is the time to give it some thought. Not only can it be a great decision from a financial standpoint; it can also provide you with another residence that you can make use of if you choose.

Here’s a look at some of the best reasons to consider a rental investment.

A Lovely Retirement Home Down the Road

One of the top reasons people end up investing in a rental vacation property is that they hope to be able to take advantage of it themselves in their retirement years. While you may still be busy in your career with many years left until you retire, there’s nothing wrong with planning for your future, especially if that includes a restful location to enjoy your golden years.

Enjoy Owning a Second Home Without Having to Absorb All the Costs

If the idea of owning a second home appeals to you but you don’t have the extra income to pay for it, investing in a rental property can make excellent financial sense. Think about it, you’ll have the vacation home available to you to use if you like, but at the same time, your guests are paying the mortgage.

Where you need to be careful is that you don’t block off too much time for your own use, as this will take away from your profits. Ideally, you want the income from the guests to cover all the carrying costs, and a little extra is possible. Experts recommend that you don’t stay in the home for any more than 10% of the year if you don’t want to eat into your profits too much.

Discover a New Destination and Culture

Rather than just staying in random hotels on your vacation each year, when you own a vacation home you get to learn about that destination, its people, the culture, and its history. It’s an immersive experience since you become a home-owner rather than just a guest.

You Will Spend Less on Vacations

For some people, owning a second home is actually a way to make vacations more affordable. Think about it, you won't be paying for a hotel when you're on holiday and, ideally, you'll have enough guests booked year-round that your expenses are virtually nothing. All you will have to pay for is the flights to and from your vacation property.

A Couple of Buying Tips to Keep in Mind

If you do decide that a vacation home is for you, then there are a few tips to keep in mind. First of all, the location should be a huge factor. You want to pick a home that is not just appealing to you but would be appealing to guests as well, says Greg, rental executive at luxuryvillasmalta.com. What this means is that you want to look for places that offer scenic views, are close to towns/attractions/landmarks, offer dining nearby, and aren’t difficult to reach from the airport.

You’ll also have to decide whether you want to put work into the home and purchase a fixer-upper or if you want to get a place that is ready-to-go so there are no nasty surprises in the budget.

Purchasing a rental investment can end up being an excellent financial decision for you, not just right now but for your future and well into your retirement years.

Our favorite listing this week is 508 West 24th Street, Unit 5th Floor, home to NBA Player Carmelo Anthony. The ten-time NBA All-Star, has listed his New York City condo. The home is the largest unit in the Cary Tamarkin designed building at 508 W 24th that overlooks the High Line and is walking distance from world-class shopping and prominent art galleries.

251 East 51st Street, Unit 2M, listed on the market as a Compass "Coming Soon," is a recently renovated, perfect pied-a-terre (and ideal one bedroom for all the rest of us). What truly sets this pad apart from the rest is the dreamy outdoor terrace with endless possibilities and city views. Accessed by the living room and overlooked by the bedroom, this 24x12 outdoor space is an oasis in the center of the Midtown hustle and bustle.

Our last #openhouse roundup will you be checking out this #parkslope home? #nycrealestate #brooklynrealestate #milliondollarlistings #luxuryhomes #OffTheMRKT

DNA Development announced that closings have commenced at 350 West 71st Street, the successful Upper West Side luxury conversion that seamlessly combines two historic pre-war buildings into one stunning contemporary condominium with a classic façade. As construction nears completion, the seven-story building’s 38 elegant residences and bespoke amenities are coming to life, as DNA welcomes its first residents.

Our favorite listing this week is located at One West End, the sculptural glass residential tower designed by Pelli Clarke Pelli within Riverside Center. At $19.5 million, 29B offers 5,302 square feet of interiors space, with four bedrooms, five and a half baths, a media room, lofted library, and a double height great room leading out to a 3,000 square foot terrace with impeccable views.

Tour This Upper East Side Townhouse

In New York City, you can never have enough space but you can come close with this 5-floor townhouse, with 5 bedrooms and 6 and a half bathroom with a listing price of $14,790,000. Located at 215 East 61st st. this townhouse will soon be off the market as there are already over 40 Street East users who have saved it for a potential purchase.                

Perfectly situated in the Treadwell Farms Historic District, this luxurious home, originally built in 1875, has just undergone atwo year renovation, creating a seamlessly cohesive modern home encased within historic architecture. The five exterior spaces, include an impressive 35-foot long landscaped garden, finished in bluestone, with a cedar fence. 

The master bedroom suite has a spacious terrace overlooking the townhouse garden and the surrounding trees.b There are five bedroom suites, six full bathrooms all finished in stone slabs and a powder room.

The entertaining rooms include a grand living room, formal dining room, kitchen with floor-to-ceiling glass doors, an informal dining room and an entertainment/media room. Quality craftsmanship and the finest finishes were used throughout the design and construction. 

The historical façade has been restored according to Landmarks specifications and the house was completely reconstructed using steel and concrete and includes a new Kemper roof. The custom made elevator services all floors including the basement and has a 950 pound capacity. The home has five wood-burning fireplaces all with Chesney's mantles.

The floors are solid rustic white oak, and the windows are customized solid mahogany with double glazing. The rooms have plaster crown moldings, hand-crafted millwork and plenty of generous closet space. The baths have stone masonry and Dornbracht and Zucchetti polished chrome fixtures. All technology has been incorporated within the building, allowing owners to manage the home efficiently.

There is an eleven-zone Mitsubishi HVAC cooling and heating system, a Nortec humidification system, a Lutron RadioRa lighting system, radiant heat in all of the full bathrooms, Sonos music system, an Aiphone intercom system, and a security system. A dumb waiter provides ease of access for entertaining from the chef’s kitchen to the serving kitchen on the parlor floor. In addition, the residence has a new 400 amp electrical service, all new copper wiring, MC Cable with electrical panels and a sprinkler system.

The house has an abundance of natural light and each floor has been designed with a thoughtful spatial experience and consistency of flow. This unique residence is truly the most luxurious townhouse currently on the market.

Cathy Franklin, Brian Lover, and Alexis Bodenheimer at The Corcoran Group are the listing agents.

This listing courtesy of Corcoran