Latest news with #DouglasElliman
New York Post
5 days ago
- Business
- New York Post
Hamptons housing crunch forcing even wealthy buyers to settle for less-glamorous LI spot — where sales are surging
The North Fork doesn't want to be the Hamptons 2.0, but the area's record-setting sales say otherwise. The 30-mile-long Long Island peninsula enjoyed another historically high season for home sales last quarter. The North Fork earned a median sale price of $1.09 million between April and June, according to a new report by Miller Samuel for Douglas Elliman. That's a 13% jump from last spring. Advertisement 5 Houses on the waterfront in the North Fork's Cutchogue. Stefano Giovannini 5 The North Fork is increasingly popular as a getaway destination, with some visitors decided to stay. Stefano Giovannini 5 The peninsula spans 30 miles along the eastern end of Long Island. Bf2002/Wikimedia Commons Advertisement This marks the region's third record-high quarter within the last year. Todd Bourgard, Douglas Elliman's CEO of Long Island, Hamptons and North Fork, told The Post that his agents are reporting lightning-fast listings that earn multiple bids on million-dollar price tags. Deep-pocketed buyers are making all-cash offers and agreeing to forgo contingencies, like home inspections. Perhaps it's time for the Surf Lodge to open up a North Fork location. Strong luxury home sales and dwindling inventory in the Hamptons are sending wealthy buyers to North Fork, The Real Deal reported. Advertisement 5 The North Fork offers a slower-paced lifestyle than the Hamptons, but less housing inventory. Stefano Giovannini The local uptick in prices charts with excess demand in the Hamptons, report author Jonathan Miller told the outlet. Would-be Hamptons buyers with money to spend are trading Southampton for Southold and Montauk for Mattituck. But Bourgard said that lifestyles in the two regions remain distinct. Essentially, people who want the North Fork want to live there precisely because it's the North Fork. 'North Fork is now, and always has been, a beautiful place to live,' Bourgard said. 'People are discovering it more and more every single day. We're certainly seeing the prices going up, because, like everywhere else, it lacks inventory.' Advertisement Listing inventory in the North Fork consequently declined 43% from last spring. 5 Homes in the North Fork are getting more expensive and, according to some locals, more Hamptons-like. Izanbar photos – Massive Hamptons-style homes and similarly posh crowds began to overtake the quiet community in the wave of the COVID-19 pandemic, locals told The Post in 2022. Thanks to the continued interest of the well-to-do, the North Fork earned its highest ever share of sales above $1 million last quarter.
New York Post
5 days ago
- Entertainment
- New York Post
The co-op William Randolph Hearst built for his mistress asks $22M
The real-life 'Citizen Kane' was a ruthless businessman — but his former love nest just got a kindly price cut. The palatial two-story co-op that William Randolph Hearst built for his celebrity mistress is now on sale for $22 million — a $4 million discount from its original price. The rare sale comes with cathedral-like architecture and precious European artifacts to match. Advertisement 7 The ceiling of the two-story great hall hails from a Venetian palace. Eytan at Evan Joseph 7 William Randolph Hearst. Bettmann Archive The Ritz Tower residence, spread across the 19th and 20th floors of 465 Park Ave., listed in May for $26 million. The sale marked its first appearance on the market in the 21st century. Advertisement The recent 15% price reduction was a response to the current market, according to listing agent Michael Kotler of Douglas Elliman. 'We have had some interest, but today's environment is challenging and we hope to capture more potential buyers at the lower price,' Kotler told The Post in an email. Hearst, known for his sensationalist media empire and inspiring Orson Welles' legendary 1941 film, built the home for actress Marion Davis in the late 1920s. At the time, Hearst owned the Ritz Tower, then an apartment hotel. 7 Hearst and Davies, pictured together in Germany. Bettmann Archive Advertisement 7 The wood-paneled study. Eytan at Evan Joseph 7 The unique home features cathedral-like flourishes. Eytan at Evan Joseph Davies was an A-lister of her era, but her career remains largely overshadowed by her decades-long affair with the married Hearst. The pair's shared flair for the dramatic is still evident throughout the museum-like home. Hearst, an avid collector of European art, installed 17th-century cathedral glass windows, a Venetian palace ceiling and 16th-century monastic doors imported from Europe that still remain in the home today. Advertisement The sheer scale of the 11-room residence feels far away from the squeeze of Manhattan, with its two-story great hall, interior balconies and triple-terraced views Central Park. Hearst and Davies were evicted from the Ritz Tower in 1938 after the magnate, hard hit by the Great Depression, was forced to turn the building over the to the bank. The pair then fled to California. 7 A dining area with stone floors and stained glass windows. Eytan at Evan Joseph 7 A large bedroom suite. Eytan at Evan Joseph The current sellers are in no such hurry to leave, according to Kotler. 'The owner is in no rush to sell, so we are not slashing the price, but $4 million is significant,' Kotler wrote. The now-$22 million price tag includes antiques like a 100-year-old Agra carpet, regency-era tables and a 10-foot Vanderbilt clock. The next owner will also benefit from hotel services, including housekeeping and room service.
Yahoo
6 days ago
- Business
- Yahoo
Douglas Elliman Inc. to Host Second Quarter 2025 Results Conference Call
MIAMI, July 24, 2025--(BUSINESS WIRE)--Douglas Elliman Inc. (NYSE: DOUG) will conduct a conference call and webcast to discuss its second quarter 2025 results on Friday August 1, 2025 at 8:00 a.m. (ET). Investors may access the call via live webcast at Please join the webcast at least 10 minutes prior to start time. A replay of the call will be available shortly after the call ends on August 1, 2025 through August 15, 2025 at About Douglas Elliman Elliman Inc. (NYSE: DOUG, "Douglas Elliman") owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, Nevada, Connecticut, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology ("PropTech") solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets. Additional information concerning Douglas Elliman is available on its website, Investors and others should note that we may post information about Douglas Elliman on our website at or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, X, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman to review the information we post on our website at and on our social media accounts. View source version on Contacts Olivia Snyder/Catherine LivingstonFGS Global212-687-8080
Business Wire
6 days ago
- Business
- Business Wire
Douglas Elliman Inc. to Host Second Quarter 2025 Results Conference Call
MIAMI--(BUSINESS WIRE)--Douglas Elliman Inc. (NYSE: DOUG) will conduct a conference call and webcast to discuss its second quarter 2025 results on Friday August 1, 2025 at 8:00 a.m. (ET). Investors may access the call via live webcast at Please join the webcast at least 10 minutes prior to start time. A replay of the call will be available shortly after the call ends on August 1, 2025 through August 15, 2025 at About Douglas Elliman Inc. Douglas Elliman Inc. (NYSE: DOUG, 'Douglas Elliman') owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, Nevada, Connecticut, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology ('PropTech') solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets. Additional information concerning Douglas Elliman is available on its website, Investors and others should note that we may post information about Douglas Elliman on our website at or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, X, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman to review the information we post on our website at and on our social media accounts.
Yahoo
6 days ago
- Business
- Yahoo
Inside a Stately $9.5 Million Mansion on Washington D.C.'s Embassy Row
Your chance to live like a diplomat along Washington, D.C.'s Embassy Row has arrived. A Massachusetts Avenue mansion built in 1919 came to market this week for the first time in 50 years. Located down the street from the Vice President's residence, a.k.a the United States Naval Observatory, near the Brazilian and South African embassies, the stately 11,000-square-foot home features eight bedrooms and multiple ballrooms and staterooms. Lyndsi Armenio and Matt Windsor of Douglas Elliman hold the $9.5 million listing. More from Robb Report A Record-Breaking Penthouse Sale in Asbury Park Signals a Bold New Chapter for the Jersey Shore This Year's Champagne Harvest Is 'Promising,' but the Yield Will Be the Lowest Since Covid Dutch Authorities Are Investigating Louis Vuitton Netherlands as Part of a Money Laundering Case Records show the property is owned by the Kingdom of Saudi Arabia and previously served as the residence of the country's ambassador. It was, however, most recently used as a chancery, according to press materials. Chanceries are typically connected to an embassy or consulate, meaning several high-ranking officials from the United States and the Middle East have likely spent time in the manse. As with many of the government buildings in the nation's capital, the abode showcases a neoclassical facade with symmetrical windows, clean lines, and prominent Doric columns. It is still something of an anomaly in the neighborhood, though. 'The lot is quite large for the area,' Armenio and Windsor tell Robb Report, 'and the private backyard offers gorgeous sightlines, elevation, and feels very private despite it being located on Massachusetts Ave.' The interiors were last renovated in the '90s, but don't feel dated. The classic decor, neutral palette, and charming original details instead result in a timeless feel. Through the portico entrance, stone flooring and dramatic archways lead in and out of large lounge areas and palatial bedrooms. The formal living room is at once elegant and inviting, with multiple sofas, a large built-in bookcase, and parquet flooring. Nearby, the formal dining room is decked out with decorative wallpaper and wood paneling, making it a perfect spot to entertain friends. A grand marble staircase with a wrought-iron railing takes you up to the second floor. Back downstairs, three sets of French doors open to the spacious backyard. At the center of the leafy oasis is a huge swimming pool flanked by six sun loungers. Nearby, the pool house offers space to relax and refresh after a day of swimming and sunning. RELATED: Why America's Billionaire Class Is Snapping Up Prime D.C. Real Estate The best part is that the home is a 'blank canvas for restoration or reinvention,' as the listing notes. The simple chef's kitchen, for example, could be completely reimagined by the new owner. (Armenio and Windsor believe the digs should be renovated and utilized for state business, though.) Another big plus is the location. Historic neighborhoods such as DuPont Circle, Kalorama, Cathedral Heights, Georgetown, and West End are only minutes away, meaning you have quick and easy access to restaurants, shops, galleries, museums, and so on. 'An abundance of incredible dining, culture, and influence is just outside the front door,' the agents add. Not to mention, you're steps away from the of Robb Report The 10 Priciest Neighborhoods in America (And How They Got to Be That Way) In Pictures: Most Expensive Properties Click here to read the full article.
