Press & Media

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Last week, a nearly five-acre pond-front compound in Bridgehampton sold quietly for approximately $45 million in an off-market transaction.

Bridgehampton Sale Marks Most Expensive Sale on Sagaponack Pond

August 4, 2022 | Behind The Hedges

Last week, a nearly five-acre pond-front compound in Bridgehampton sold quietly for approximately $45 million in an off-market transaction.

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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.

A Hamptons Home Sells for Roughly $45 Million

August 2, 2022 | The Wall Street Journal

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.

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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.

Inside a $46 Million Beachfront Mansion on Billionaires’ Lane in the Hamptons

July 29, 2022 | Robb Report

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.

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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.

In the Hamptons, an Estate on Billionaires’ Lane Features Ocean-to-Bay Views

July 28, 2022 | Dirt

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.

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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.

New $46M Oceanfront Meadow Lane Listing Comes with Tennis

July 26, 2022 | Behind The Hedges

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.

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A new turnkey home in Southampton Village could soothe its new owner’s concerns over the creeping effects of climate change.

Double-Dune Southampton Estate Hits Market for $46M

July 26, 2022 | The Real Deal

A new turnkey home in Southampton Village could soothe its new owner’s concerns over the creeping effects of climate change.

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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.

Waterfront Modern in Bridgehampton

July 20, 2022 | Hamptons Real Estate Showcase

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.

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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.

Sagaponack waterfront estate sells for almost $48M

May 20, 2022 | The Real Deal

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.

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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.

Sagaponack Properties Sell for Close to $48 Million Ask

May 17, 2022 | Behind the Hedges

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.

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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.

In the Hamptons, a $48 Million Home Sells Before It Hits the Market

May 16, 2022 | The Wall Street Journal

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.

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The most expensive new listing on the Hamptons real estate market was also the highest-priced listing to go under contract in March 2022.

High, Median, Low: Hamptons Real Estate Activity in March 2022

April 12, 2022 | Behind The Hedges

The most expensive new listing on the Hamptons real estate market was also the highest-priced listing to go under contract in March 2022.

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Want a splashy Hamptons spread this summer? Get ready to drop $1M

Want a splashy Hamptons spread this summer? Get ready to drop $1M

March 31, 2022 | NY Post

Want a splashy Hamptons spread this summer? Get ready to drop $1M

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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.

Sagaponack Oceanfront Property and Vacant Parcel, Asking $48 Million, Find Buyer

March 28, 2022 | Behind the Hedges

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.

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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...

Hamptons Real Estate Update: Oceanfront Edition

March 17, 2022 | Hamptons Real Estate Showcase

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...

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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 ...

Financing Luxury Real Estate with Cryptocurrency

March 17, 2022 | Behind the Hedges

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 ...

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Inside the Hamptons Luxury Market with Christopher Covert

February 10, 2022 | The Luxury Division | Compass
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The white-hot luxury sector is keeping up with demand.

Frenzied Demand Is Luring Hamptons Sellers in Boom-Time Market

April 23, 2021 | Bloomberg

The white-hot luxury sector is keeping up with demand.

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He tells 'The Daily' how he managed the busiest year of his career.

What Does the Hamptons Real Estate Market Look Like in 2021?

February 22, 2021 | Daily Front Row

He tells 'The Daily' how he managed the busiest year of his career.

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Tight inventory have created a perfect storm in favor of sellers.

Hamptons Sellers Should Ride the Buyer Wave Before It Breaks

February 19, 2021 | Mansion Global

Tight inventory have created a perfect storm in favor of sellers.

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One of the East End’s most successful and personable realtors.

Realtor Christopher Covert’s Best Tips for Buying in the Hamptons

July 1, 2020 | Daily Front Row

One of the East End’s most successful and personable realtors.

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Covert is known for his aptitude in interpreting market data, providing his clients with sound counsel to secure the best deals - from modern and historic homes to waterfront properties.

Compass: Continues Accelerated Agent Growth, Hires Christopher Covert

May 12, 2020 | OFF THE MRKT

Covert is known for his aptitude in interpreting market data, providing his clients with sound counsel to secure the best deals - from modern and historic homes to waterfront properties.

Work with Covert and the Team

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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