Real Estate

Less than a year after Bethenny Frankel purchased the historic Morning Glory House for $2,037,000, she decided to put the property back on the market.

Over 20 of the transactions were for more than $1 million.

"Even if the rates for a 30 year fixed mortgage creep towards the 5 percent mark they are still much lower than they have been though out my 26 year mortgage career and rates historically," said Patti Frank.

Lasata, a seven acre estate in East Hampton where Jackie Kennedy spent her summers as child, was the most expensive transfer.

"Activity in the 1st Quarter of 2018 is closer to 2016 levels and seems to show a slow but steady trend towards an improving market," Aspasia G. Comnas said.

The abode is mere steps from the ocean located on Mecox Bay.

"The 1st Quarter of 2018 was one of the best in years for the high end," Judi A. Desiderio reflected.

The south of the highway property is located in the renowned enclave of Cove Hollow Farm.

"They are such experts in the industry - specifically the North Fork, which is such a niche within a niche market," Delosh noted.

The 4,800-square-foot home was built in 2003.