FINANCE PROPERTY
SQUIRREL HALL 852 Springs Fireplace Road East Hampton, New York, 11937 United States
Art History lives here. Former home and art studio of American Abstract Expressionist painter Conrad Marca‑Relli, this rustic circa 1800's compound sits near The PollockKrasner House, rolling pastures and farmland. Affectionately named Squirrel Hall, the main house boasts an addition of a beautiful saltbox barn gifted from art patron Adelaide deMenil. Surrounded by meadow and preserve in the rear of the property, this place offers magnificent landscape views.
Images courtesy of Sotheby’s International Realty
Your own PLACE IN THE SUN
A wonderful retreat replete with history; Marilyn Monroe rented while married to Arthur Miller, and Willem de Kooning and Jackson Pollock gathered frequently. The living room has barn beams, fireplace, and clerestory windows with stairs leading to the en-suite master bedroom overlooking the fields. The sitting room also with a fireplace, built by Conrad himself, has the most beautiful authentic oval window and a floor-to-ceiling bookcase. This is a one-of-a-kind property and is the first time being offered for sale in over 60 years. Jenny Landey, Real Estate Salesperson
Sotheby’s International Realty, Bridgehampton NY brokerage E-mail: Jenny.Landey@Sothebyshomes.com Tel. No: +1 917 743 2525
STORY BY JENNY LANDEY
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You now make your own rules—about pets, paint color, landscaping and where the barbecue goes. You know where to focus your nesting instincts; maybe it’s time for a partner (or not), or even a family, or how about hosting a socially distanced dinner party.
There’s a feeling that comes with buying your first home, and there’s nothing else quite like it. You’re now in charge of your destiny, you’re the captain of your own ship. You’ve put down “roots” and the stability that comes from owning is different than free-floating as a renter. There’s freedom in it.
Whatever your case, it’s a rite of passage into a new, more settled life stage. The word “own” has a double meaning now. Of course, a big part of this step is financial. For most people, buying a house is the single largest investment they will make. It’s a commitment and you’ll feel like taking care of it; maybe that pair of shoes is no longer as important as a pair of fireplace andirons.
here’s a reason that piece of wood flooring in the entry of a door is called a “threshold.” Stepping inside a house, especially if it’s one you’ve just purchased, is indeed crossing a threshold—into home ownership, house pride, and a sense of true belonging.
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It is an investment, whether the plan is to make a few improvements and sell it quickly at a profit, or keep it and watch your investment grow. Real estate remains an excellent long-term investment strategy—a great reason to buy. To prepare to purchase, be realistic about what you can afford and prioritize what you can live with and without, whether that’s a quiet street, southern exposure, proximity to great schools, or a garage for your car and stuff. Talk to your financial advisor (could be a family member or your accountant) and estimate mortgage, taxes, and maintenance costs.
Remember, you can always rent your house for part, or all, of the year, or even get a roommate to help with expenses. Be creative. Then enjoy the search; it’s fun (with the right agent!).
what’s realistic for your financial situation and you’ve got your courage up, go ahead, take that first step across the threshold. It’s never the wrong time to buy your own place in the sun.
I sell real estate on the east end of Long Island, NY. Here, in the Hamptons, I’ve noticed the pandemic has motivated people to buy their own place instead of renting in the summer. This area has become a yearround community full of artists, writers, restaurants, activities, and diversity, not just a resort town.
I’d love to help you fulfill your real estate goals. I have colleagues across the globe as part of the Sotheby’s International Realty family. I am happy to connect you with a colleague if seeking a home outside of The Hamptons.
So, clearly, the market is busy! Even for rentals, people need more space because they may be working from home and they’re spending more time there. Once you know
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