Business

Newly reported real estate doings on the South Fork.

New real estate transfers.

The Springs General Store is the unofficial center of the hamlet, a place where people flock for breakfast on weekends or coffee and camaraderie on weekday mornings, and where children head after school for a bag of candy or three cookies for $3. "For me the biggest gift is that I was able to be an active part of the community in a way that one person cannot always be," said the business's owner, Kristi Hood.

“Oh, hi! We’re the people who rented your place.” That’s what the owner of a Springs property, who asked not to be named, said she heard about 20 times, almost daily, over the past three weeks. She believes she has been the victim of a summer house rental scam.

The march of the L.L.C.s — it’s another week in Hamptons real estate.

Montauk Airport, the small, privately owned airport that has taken on an outsized role in the controversy over the planned privatization of the larger East Hampton Town Airport, has been sold, an owner confirmed on Tuesday. 

The latest transactions for real estate watchers.

Here is the week in South Fork real estate action.

Leo Daunt hasn’t just co-opted any old vintage mom-and-pop atmosphere of 1970s Montauk in the repurposing of his seaside motel. He's actually taken his mom and pop’s vibe and given it a cool rethink with glossy interiors and contemporary twists like Himalayan salt lamps in the rooms, outdoor fire pits, and a yoga pavilion — the better to cater to the values of the millennial traveler.

The week’s real estate report, with an awful lot of L.L.C.s in the mix.

The East End real estate boom brought on by the Covid-19 pandemic is experiencing a shift thanks to historically low inventory, but the market is still feeding historically high prices, competitive conditions, a near-total lack of available rental properties, and faster turnaround of deals as a result.

Here's a snapshot of real estate dealings from Montauk to Southampton Village.