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Take a peek at the most expensive homes sold on the North Fork last year

By January 24, 2021February 17th, 2021No Comments

Take a peek at the most expensive homes sold on the North Fork last year

Written for by SARAH AUSTIN on JANUARY 24th, 2021

Unlike our neighbors to the South — where the historic waterfront estate Mylestone at Meadow Lane in Southampton was just listed for $175 million (not a typo) — North Fork real estate tends to have relatively modest price points. But 2020 brought a few eye-popping deals here, too, contributing to total home sales of more than half a billion dollars, according to the North Fork Year End 2020 Market Report from Town and Country Real Estate.

The report found home sales under $500,000 were actually down for the year, purely due to lack of inventory. The opposite trend was true for high-end homes. “Diving deeper into the six price categories monitored by Town & Country and the statistics jump right out at you. Increases of over 63% in price categories $1-$1.99M and $2-$3.49M plus two sales in the $3.5-$4.99M,” wrote Judi Desiderio, CEO of the agency and author of the report.

The priciest home sold on the North Fork in 2020 was 12600 New Suffolk Avenue in Cutchogue, which closed November 4 for $5.95 million. The 4,240 square-foot home, originally built in 1940 and sold by Sheri Winter Parker of Corcoran, has 4 bedrooms, 4.5 baths, 175 feet of Peconic Bay frontage in prime New Suffolk — and an annual tax bill of $39,220.