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
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.
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!!!
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!