REAL ESTATE – Page 3 – Columbia County Current

The Grey Gardens Estate is for Sale

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Grey Gardens, the East Hampton house made famous in the 1975 documentary about Jackie Kennedy Onassis’s relatives, is on the market. In the documentary, Grey Gardens was the decrepit, and rundown home of Onassis’ aunt Edith Bouvier Beale and her cousin, Edith Beale. Little Edie sold the house in 1979 to former Washington Post Executive Editor Ben Bradlee and his wife, journalist Sally Quinn, who restored the house from it’s dilapidated condition.

The three-story, shingle-style home was built in 1897. It’s approximately 6,000 square feet and situated on 1.7 acres. The home has seven bedrooms and 6 1/2 bathrooms, and a guest house.

Here’s some more info from the listing on Corcoran.com:

Situated near Lily Pond Lane and Georgica Beach, this one of a kind compound is approximately two acres and is a stone throw to the ocean. The property has been restored with an eye to history and lovingly maintained for the past 40 years. The spacious main house features 8 bedrooms and 6 1/2 baths and plenty of spaces for year round entertaining. Tucked away in the lush and elaborate gardens is a charming stucco cottage, heated gunite pool and an irreplaceable Har-Tru Tennis court.

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The house is offered at $19,995,000. For more pictures and info, check out the listing on Corcoran.com

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Apartments Now Available at The Falls in Hudson

The_Falls_Hudson It’s been interesting to watch the progress of The Falls, the new luxury apartment complex in Hudson. The sprawling complex has been under construction for a while now on the site of the former Greenport School located at 158 Union Turnpike in Hudson. The Falls’ owner and developer, JMS Collective, demolished everything on the site, except for the original school building, which was built in the early 1900s. In an effort to retain the original building, the old gymnasium has been turned into into a 200-seat banquet hall.

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Phase 1 of construction is now complete, and the first batch of apartments are available for rent. Of the 24 apartments currently available, half have already been leased. The Falls offers one-bedroom apartments at $1,500, two-bedroom units at $1,700, and three-bedroom apartments at $1,950 a month. The first phase has another 52 apartments in the works, which will become available over the next 30 to 90 days. Phase 2 will add an additional 40 units the the complex when completed in 2017.

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In addition to the apartments, and banquet hall, The Falls will include a fitness center, private movie theater, two outdoor swimming pools, tennis court, nature paths, a playground, and meeting halls.

For more information, including scheduling a tour at The Falls, check out jmscollective.com/the-falls by clicking here.

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Airbnb Sues New York Over Law Regulating Rentals

Airbnb, the online service that enables people to list or rent short-term lodging in residential properties, filed a lawsuit on Friday afternoon in Federal District Court in the Southern District of New York. The lawsuit is the companies’ response to a new law that allows the state to impose steep fines on Airbnb hosts who break local housing regulations. The Airbnb suit claims this law would cause it “irreparable harm”, and violates the company’s constitutional rights to free speech and due process, as well as the protection it is afforded under the Communications Decency Act, which is a federal law that says websites cannot be held accountable for content published by their users.

WHAT’S THE PROBLEM?

So, what exactly is the issue with Airbnb that prompted this new law? Apparently, the concern is that Airbnb is making it easier to illegally rent out apartments for short periods to travelers, which decreases the amount of housing for full-time residents, and drives housing costs up. It has been illegal in New York to rent out an apartment for fewer than 30 days. However, some people have ignored that law, and have been using Airbnb to rent apartments for shorter periods of time. The new law gives authorities the power to fine hosts up to $7,500 if they are caught listing a property on Airbnb.

For now, it sounds like we will have to wait and see what impact the new law, and Airbnb’s lawsuit have on the housing and online rental market.

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Hudson Profile in The Wall Street Journal

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A recent article in The Wall Street Journal took a look at Hudson’s reinvigorated scene and burgeoning real estate market. Following is the opening of the article, by Bill Cary:

After decades of decline, the former industrial city of Hudson has emerged as a thriving tourist destination and haven for New Yorkers in search of second homes.

“In the last three to five years, there has been a steady increase,” said Mayor Tiffany Martin Hamilton. “We now have quite a bit of foot traffic on weekends.”

Set on the eastern banks of the Hudson River, Hudson is the county seat of Columbia County, with a population of about 6,700 and a total area of just over 2 square miles.

The article continues with a great overview of the town’s history, and why it’s currently experiencing a revitalization in food, arts, and architecture. The article concludes with a few Hudson homes currently on the market, and ranging from $225,000 to $695,000.

Check out the full article by clicking here.

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Lucille Ball’s First Hollywood Home for Sale

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The Home’s Historic Past

When Lucille Ball left NY for Hollywood in the early 1930’s, she rented the 1,874-square-foot bungalow at 1344 N. Ogden Drive. At the age of 22, Ball had just signed a contract with RKO Radio Pictures, so the actress moved to CA with her family, including her mom and brother. The group lived in the rented bungalow until Ball eloped with Desi Arnaz, and moved into a Beverly Hills mansion.

The two-bedroom, two-bathroom bungalow with palm trees in the front yard was built in 1919, and is located in the heart of West Hollywood’s historic Spaulding Square neighborhood. This area is comprised of many Colonial-style bungalows developed between 1916 and 1926. The current owner has lived in the property for over 20 years and has done extensive renovations to the home while still preserving its old-world charm,and ties to Ball.

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