If only they could have saved Mr. Ed from his humiliating fate on TV! Plus Ponzi is the key word in real estate!

It’s about the horses… insert Madonna joke here! This Saturday The Amaryllis Horse Rescue is hosting a Country Fair to benefit their horse sanctuary. It will be from 12:00-3:00 pm at Amaryllis Farm Equine Rescue’s Educational Barn, 93 Merchants Path off Sagg Rd, behind Wolffer Vineyard, Sagaponack. 100% of the proceeds benefit the Amaryllis Horse Sanctuary! In case you don’t know, Amaryllis Farm has rescued 90 horses from the glue factory and is devoted to educating the public about horses. Best thing is if you go to the fair you can actually meet some of the lucky horses. 631-537-7335 www.HamptonsHorseRescue.com.

Finally some news about the real estate market and another tale to reassure you that you really do know more than most of those financial whizzes on Wall Street. An oceanfront house on Meadow Lane in Southampton Village, seized by the federal government after its owner was indicted for fraud, was sold recently for $25.9 million. It’s the highest closing price for a house in the Hamptons in nearly a year.

To get some perspective on the allegeed financial genius’s financial acumen. The house, which sits on 2 acres off Southampton’s posh Meadow Lane, was purchased for $27 million in December 2008 by James Nicholson(Mini-Madoff). Almost immediately after the purchase, Mr. Nicholson re-listed it for $34 million. In early spring, Nicholson was arrested on federal fraud charges for allegedly falsifying financial records of several hedge funds he operated. In case your bad at math… it sold for a less than what he paid for it… and about 10 million less than what he thought it was worth. Ohhhhh… can I give him my money!!!??? But just remember he hasn’t been convicted… so it may all be one big misunderstanding. Meanwhile… the real Madoff’s house has just gone on the market. Here’s a video tour of the rather simple oceanfront home!

http://abcnews.go.com/video/playerIndex?id=8457955

He’s movin’ out….but just don’t tell anyone!!!

Well Billy Joel has just put his beach front adjacent homes in Sagaponack on the market for a not so outrageous $35 million after a split from third wife Katie Lee Joel.

The bigger of the two homes once belonged to actor, Roy Scheider (Jaws,All that Jazz). Joel bought it for his newlywed wife in 2004 for a little under $19 Million(When I graduated high school I got a cross pen!!) Ok, I exaggerate… she had already graduated high school… 3 or 4 years before. He also bought a small cottage on adjacent property in 2007.

Since Billy is another year past making socially relevant music and his marriage of five years to Katie Lee Joel bit the dust… what’s a guy to do!!! Erase those bad memories piano man!!!

Real estate agent Biana Stepanian of Corcoran has the listing (link below) and apparently mum was supposed to be the word. When another agent in the company leaked the story to the NY Post she was given the ax! Not that everyone didn’t already know. Hmmmmm…. live who you are!!!

And if you’re looking for something to do … other than watch Joel rev his motorcycle in front of the American Hotel… do what everyone else does, go to a benefit! The Red Cross Benefit GALA – A Splash of RED on the Bay is this Saturday at B. Smith’s in Sag Harbor. It benefits the Suffolk County Chapter of the American Red Cross. Music will be by Vivian and the Merry Makers…. ohhhh that sends very merry indeed… plus a silent auction. Tickets are $250. For more info call 631.924.6700 or go to our local Suffolk red cross web site for details.

Bad Buoys.. Bad Buoys… watcha gonna do… when they come for you?!?

WELL, WE’RE ALMOST INTO AUGUST… CAN YOU BELIEVE!?!?! Polo is in full gear… the benefits are about 10 a weekend… and the heat is making some people just plain cranky. But you know what?! It doesn’t always have to be hot for some folks to be nasty. Just visit my favorite shop Bagel Buoy in Sag Harbor. It’s kind of like the soup man from Seinfeld but with.. you guessed bagels!!! Don’t ever expect a thank you or courteous response from the people who work there, especially the cashier (who I think is the owner). The bagels are actually pretty good and the salads etc. are fresh but unless you enjoy being chastised while you pay through the nose for some Philly, I suggest you stay clear. When I went there last winter, I haven’t gone back since; I had the pleasure of ordering a turkey burger for (I can’t remember exact prices but follow the story and you’ll get the idea), $4.00. When it came time to pay the cashier imagine my shock when I was told it was $11.00. How did that happen?? Well in a very terse response, the charming gal at the register told me I saw the “old price” on the menu. Hmmm. “Oh, and it’s a dollar for the slice of tomato and a dollar for the piece of lettuce.” Lovely!!!

Also, speaking of service… who get’s the money in the tip jar at AGAVE in Sag Harbor. I’m just asking… but I suspect it isn’t the staff!!! When I order my chicken tacos there… which are awesome, I give the tip directly to the person!!

Finally, I wonder what some sellers are thinking when they list their properties with a real estate agent and they end up with photos like the ones I’m about to post. Most buyers start their search on the internet. Agents use the photos off the agents website to forward to their clients . How in the world do you think you’re going to sell a house with photos like these. FYI… I hire a photographer for 90% of my listings.

YEAH, I’ll rent this as long as I get the shelves!

Well at least you know it’s a good place to Barbeque.

 

 

 

 

 

Do you think this is where they shot the movie version of The Secret Garden!!!?

It’s late… but the blog must go on!!!

Ok, i’m blogging really really late. it”s 10:26pm on a Monday night and I’m typing about what’s going on in the Hamptons. I was running around like a lunatic all weekend working with some renters hoping to cash in on some last minute deals and buyers who are finding out, it’s really a good time to buy! Housing is on sale and so is money!

While the weather wasn’t exactly great… It was still a typical Hamptons weekend. Traffic was backed up from East to Southampton and there was a half hour wait at the Citarella’s parking lot.

So what else… Heterick Martin’s School’s Out benefit was a hit on Saturday.. Annie’s grand opening in Southampton was packed…. The new Saturday Soiree at the Lodge had a good turnout in spite of the weather and competing with “School’s Out” … I’m sure it will be packed next week.
Billy Joel held an exhibition of his motorcycles in Sag Harbor and unless he’s giving me one for free, I really could care less. Even if he does give me one for free.. I’m still not sure I care.
One piece of good news… the site of the former remediation project and “Gas Globe” in Sag harbor is now the site of additional village parking. Whoo Hooo. Sorry, I’m off to bed but i’ve done my duty.
Finally, I hate award shows but last night’s Tony Awards were actually entertaining. I was shocked and I have a whole new appreciation of Doogie Howser, Neil Patrick Harris. My one final comment is how did something as utterly awful as “BILLY ELLIOTT” win best musical?? My sixth grade musical version of “Heaven Can Wait” was better. Sad… sad… sad… kind of like today’s blog.