Town & CountryLUCIA TONELLI
Feb. 21, 2020
It’s been a busy few weeks in the real estate world for former Real Housewives of New York star and Skinnygirl founder Bethenny Frankel. The NYC native—who sold her SoHo loft for $3.65 million earlier this month—has yet another home off of her hands, officially selling her sprawling Hamptons property for $2.28 million. While she originally purchased the shingle-style home in 2017 for $2.03 million, Frankel planned to flip the house and—in true entrepreneurial fashion—sell it for a profit when the time was right. The home had been listed for $2.99 million prior to the sale, though Frankel still came out on top making just about $250,000 on the deal.
Built in 1910, the seven-bedroom, five-and-a-half bath Victorian home was once operated as the Morning Glory House Bed & Breakfast, until Frankel flipped the space to rent out until she found a buyer. Needless to say, this move was further proof of Frankel’s business savvy: the buyers, who had been renting in the Hamptons for years, fell in love with the property and eventually decided to make it their own. Highlights include a wraparound veranda, alfresco dining areas, and a gorgeous heated pool. The bespoke furnishings and decor and custom artwork were carried out by Interior Marketing Group, who also handled the interiors of Frankel's Soho loft. The residence itself is set back from the main road offering a gorgeous sense of privacy, though it is located just a short distance from Sag Harbor, Bridgehampton towns, and the Atlantic Ocean.
The buyer was represented by Vincent Abbate of Nest Seekers International, and Compass' Caroline Sarraf held the listing.
Licensed Real Estate Salesperson