Christopher Covert
Phone
(917) 834-0635
Email
covert@compass.com
Browse my latest mentions below.
Last week, a nearly five-acre pond-front compound in Bridgehampton sold quietly for approximately $45 million in an off-market transaction.
A roughly 5-acre property in the Hamptons has sold for around $45 million in an off-market deal, according to people familiar with the transaction.
If you’re going to buy a beach house in the Hamptons, there’s no address more prestigious than Billionaires’ Lane. A jaw-dropping property on the five-mile-long Southampton peninsula has just hit the market for an impressive $46 million. The 8,600-square-foot oceanfront estate listed by Compass stretches 3.4 acres on the west end of Meadow Lane—which gets its nickname from its affluent residents and exorbitantly priced estates.
Southampton’s Meadow Lane is where the 1% of the 1% summer, and remains the most prestigious address in the Hamptons. As you might expect, the street is teeming with both old money and the newest Wall Street zillionaires.
A newly listed turnkey home on Southampton Village’s Meadow Lane sits on a large parcel that includes a pool overlooking the Atlantic Ocean, as well as a tennis court, but also peace of mind with double-dune protection from the sea.
A new turnkey home in Southampton Village could soothe its new owner’s concerns over the creeping effects of climate change.
Having already broken ground, this newly designed architectural gem will sit on 1.3 waterfront acres set well off the road, with south and west views across Mecox Bay and the Atlantic Ocean. The six bedroom, six full and two half bath is being developed by Konner Builders with Ryan T. Kesner serving as architect.
Adjacent Sagaponack parcels, one with a waterfront mansion, have been snapped up by an undisclosed buyer for almost all of the $48 million being asked.
Two Sagaponack parcels asking for a combined $48 million, which went into contract in March before officially going to market, have officially sold. Sources say the properties, including one on the ocean and a vacant parcel to the north, traded for $46.5 million — well under 5% off the asking price — on Monday, May 16.
The former Hamptons home of the late Johnson & Johnson chief executive James Burke has sold for close to its $48 million asking price, according to people familiar with the situation.
The most expensive new listing on the Hamptons real estate market was also the highest-priced listing to go under contract in March 2022.
Want a splashy Hamptons spread this summer? Get ready to drop $1M
Two Sagaponack parcels, including an oceanfront property, asking for a total of $48 million, made it to contract last week before it was even officially on the market.
February 2022 was the first month since August 2021 that, marketwide, the Hamptons saw more new listings come on the market than went under contract. The difference is only 10 listings yet, speculation will begin about Hamptons home prices stabilizing and whether we are nearing a turn in the market. When real estate sales will begin to tip in the favor of buyers in any significant way remains to be seen. The Hamptons real estate market has changed – but...
Some buyers working with real estate agent Christopher Covert of Compass Hamptons have considered utilizing their Bitcoin for a downpayment to avoid paying capital gains taxes when liquidating. “Coinbase and BlockFi will do a 50% loan to value ratio, but they will liquidate you above 60 or 65% LTV. So if you have $1,000,000 in Bitcoin, you could tie up $250,000 and get a $50,000 loan with little risk of being margin called. But cryptocurrency is still ...
The white-hot luxury sector is keeping up with demand.
He tells 'The Daily' how he managed the busiest year of his career.
Tight inventory have created a perfect storm in favor of sellers.
His comprehensive knowledge of the town and village codes and regulations, coupled with his ongoing study of market movement at both micro and macro levels enables him to provide the most detailed evaluation.
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