Unlike our neighbors to the South — where the historic waterfront estate Mylestone at Meadow Lane in Southampton was just listed for $175 million (not a typo) — North Fork real estate tends to have relatively modest price points. But 2020 brought a few eye-popping deals here, too, contributing to total home sales of more than half a billion dollars, according to the North Fork Year End 2020 Market Report from Town and Country Real Estate.
The report found home sales under $500,000 were actually down for the year, purely due to lack of inventory. The opposite trend was true for high-end homes. “Diving deeper into the six price categories monitored by Town & Country and the statistics jump right out at you. Increases of over 63% in price categories $1-$1.99M and $2-$3.49M plus two sales in the $3.5-$4.99M,” wrote Judi Desiderio, CEO of the agency and author of the report.
The priciest home sold on the North Fork in 2020 was 12600 New Suffolk Avenue in Cutchogue, which closed November 4 for $5.95 million. The 4,240 square-foot home, originally built in 1940 and sold by Sheri Winter Parker of Corcoran, has 4 bedrooms, 4.5 baths, 175 feet of Peconic Bay frontage in prime New Suffolk — and an annual tax bill of $39,220.
Also in Cutchogue, 240 Briar Lane sold last month for $4.95 million. The waterfront home in the Paradise Point neighborhood was designed by the North Fork architecture firm Samuels & Steelman, built by Southold contractor John Bertani and sold by Thomas McCloskey of Douglas Elliman.
It has 6,644 square feet of living space, 5 bedrooms and 5.5 baths, theater and billiards rooms, an in-ground gunite pool and a pool house, a deepwater dock and a three car garage.
Curious what else that kind of money buys? Below are some of the next-biggest real estate deals on the North Fork last year, based on our analysis of real estate transfers compiled for the Times Review Media Group by Suffolk Research Service. One can dream…
1652 Bridge Lane, Cutchogue: $4.5 million
This 6 bedroom, 5 bath Nantucket style beach house comes with 245 feet of Peconic Bay beachfront and more than 1000 more feet on Wunneweta Pond. The sale was brokered by Carol Szynaka of Daniel Gale Sotheby’s.
805 Meadow Beach Lane, Cutchogue, $3.3 million
This 3 acre waterfront property, sold by Sheri Winter Parker of Corcoran, has 3,200 square feet, 5 bedrooms, 4.5 baths, and a prime location to watch both the sunrise and the sunset.
5775 Nassau Point Road, Cutchogue: $3.115 million
This 5,000 square-foot home, sold by Donielle Cardinale McKinnon of Daniel Gale Sotheby’s, has three en suite guest bedrooms in addition to the master suite, plus a private bay beach.
1470 Jackson Street, New Suffolk: $2,925,725
This 5 bedroom, 2 bath home has 100 feet of sugar sand beach, a vintage barn/studio and views of Robins Island. It was sold by Sheri Winter Parker of Corcoran.
1390 Demarest Road, Orient: $2.8 million
This 5-bedroom, 3.5 bath contemporary home overlooks both farmland and the Long Island Sound, with staircase on the bluff to a private beach. It was sold by Janet Markarian of Daniel Gale Sothebys.
670 Old Salt Road, Mattituck: $2.9 million
This 4 bedroom, 3 bath home, also sold by Sheri Winter Parker of Corcoran, features a lush garden and 100 feet of Peconic Bay beachfront.
770 Old Salt Road, Mattituck: $2.875 million
Down the road in the Salt Lake Village neighborhood, this 4 bedroom, 4 bath home has 3,000 square feet on .35 acres facing the Peconic Bay, with panoramic water views and stairs to a private sandy beach. The property was sold by Bridget Elkin of Daniel Gale Sotheby’s.
2252 Park Avenue, Mattituck: $2.45 million
This three-bedroom, 2 bath home is situated on a generous 1.5 acre lot with a private sandy beach. The first floor master overlooks the Peconic Bay. It was sold by Susan Orioli of NOFO Real Estate.
2830 Grandview Drive, Orient: $2.35 million
This five bedroom, three bath contemporary, sold by Justin Concannon of Daniel Gale Sotheby‘s, has sweeping views of the Long Island Sound and private stairs to the beach.
3925 Soundview Ave, Mattituck: $2.3 million
Behind the gated drive is a 2.1 acre Sound-front estate with low rolling hills and a New England Colonial house with three bedrooms and 2 bathrooms. The property was sold by Maureen Orientale of Daniel Gale Sotheby’s.
This story was updated on January 25, 2021, to reflect the sale of 12600 New Suffolk Avenue and on January 26 to reflect the sale of 1390 Demarest Road.
