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In East Hampton, an Oceanfront Fixer Asks $64 Million (www.dirt.com)

The owners of this somewhat notorious East Hampton oceanfront property, Norman and Helene Stark, fought for years with the local village architectural board in their attempt to tear down the existing house and rebuild larger. Unfortunately for them, the property sits in a coastal erosion zone and, hence, their extensive efforts were stymied by East Hampton Village’s stringent architectural rules, setbacks about water, pyramid laws, and suchlike. So anyone who might wish to shell out $64 million for the place, listed with Hedgerow Exclusive Properties, needs to keep this skirmish and the property’s limitations in mind. Of course, as with any property, even with a high-end Hamptons oceanfront estate, there are upsides and downsides, though it’s quite likely a skilled architect could make a real showplace out of this property, as long as next owners don’t expect to rebuild larger.

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