The less costly North Fork of Long Island is catching up to the more glamorous South Fork, after posting a new record residential price.
A bucolic, 135-acre waterfront estate with a prized 19-acre vineyard has just changed hands for $19.5 million, according to local sources.
Known as Indian Neck Farm, the Peconic property, which sits next to a deep-water creek that leads to the bay, had an original asking price of $22 million when it went on the market in 2006. The property consists of 14 buildings and features a main house with five bedrooms, five bathrooms, a media room, a gourmet kitchen and an attached greenhouse. Also included are a guesthouse, a large gunite pool, a sauna, a cabana and a tennis court.
The working portion of the farm has two large barns, two fenced horse/sheep paddocks, workshops, a property manager’s office and employee facilities, a 1930s working gas pump and perhaps most importantly, a vintage two-seater outhouse.
The vineyard, which bears some of the most sought-after grapes on Long Island, was planted in 1981. Its pinot gris variety were used to make Wolffer Estate’s 2006 Pinot Gris, which received rave reviews from critics.
“The assemblage of land is something that can’t be replicated,” said Sheri Winter Clarry, theCorcoran broker who represented the unidentified seller and buyer.
According to brokers in the North Fork area, the price easily beats the previous sales record of just under $6 million. Of course, even that price pales compared to the $103 million sale of Adelaide de Menil’s 40-acre oceanfront spread in East Hampton to Ron Baron.
A quick check of Clarry’s Web site also shows she may have the cheapest Memorial Day to Labor Day summer rental, at $2,500 for a one-bedroom, one-bath cottage in Mattituck.