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RE News: The North Fork’s New Record

By February 1, 2008March 7th, 2016No Comments

Pretty amazing how stark the differences in value are for prime properties between the North and South Forks. The North Fork is ready for its close up with a new record residential sale set at $19.5 million for one of its prized properties, 135 acres including a 5,000 square foot main residence and a 19 acre vineyard. Talk about cheap. You can barely find oceanfront at that price down south, but up north it gets you 135 acres and a vineyard. In fact, $19.5 million barely bears mentioning down here, but what you can get up north is pretty impressive.

 

Sheri Winter Clarry of Corcoran repped both sides of the deal. “There was so much thought, love and care that went into this breathtaking property, it spoke for itself,” she commented. Along with the main house and the vineyard which hosts some of the most veteran grapes on the North Fork, the compound which sits along a deep water creek also has a working organic farm, a guest house, two barns, a pool, sauna, cabana and tennis. The vast acreage is also host to local flora and fauna.

 

Clarry has noted the influx of high end buyers to the North Fork who value its privacy and retained rural character. A dedication to preserving farm vistas and agriculture has kept the land from being over developed and with the Long Island vines coming into their own after more than thirty years, local vineyards are competing on a national level and winning awards.

 

Attracting some award winning chefs, the North Fork is also spawning some of the best fine dining on the East End. While most agents agree that the days of the true bargains are gone, compared to theHamptons, the area is still a fraction of the cost and is inspiring not only traditional architecture but some new cutting edge and more modern designs. Maybe like Soho and Nolita the North Fork could become Nofo.

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