Real Estate

Villa Maria, the 22,000-square-foot Water Mill estate of the late shoe mogul Vince Camuto, topped this week's transfers.

"Sag Harbor seems to be the hub of activity with prices increasing with volume of sales," Ackerman explained.

"We are so excited to boost our presence in such a beautiful and important part of the East End community," said Carl Benincasa, Vice President of Sales for the Hamptons.

"We are excited to bring this tastefully renovated boutique hotel to market," said Michael Gembecki of Cushman & Wakefield.

"There was something magical about the place," Camuto said about the home.

"2017 was not kind to the high end. We knew going into that year that the second half of 2016 experienced a pull back for high end homes," reflected Judi A. Desiderio.

"When we set out to re-imagine HREO, we talked to real Hamptons buyers and renters to understand both priorities and frustrations with their home shopping experiences, but most importantly what made the Hamptons area a unique place to have or rent a home," explained Matt Daimler.

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

"The Hamptons are a strong and safe place to invest if you understand the market within the larger market," Peter Mangiameli concluded. "The key is to stay disciplined, have a niche and do not deviate from your proven formula of success."

"While 2017 was a good year, we expect 2018 to be even better," Judi A. Desiderio said.