Sotheby's Lists 150 Acres of Former Martha Clara Vineyard for Nearly $20 Million
Updated
Updated · The Real Deal · Jun 25
Sotheby's Lists 150 Acres of Former Martha Clara Vineyard for Nearly $20 Million
2 articles · Updated · The Real Deal · Jun 25
Summary
$20 million is the asking price for more than 150 acres at 6025 Sound Avenue in Riverhead, carved from the former Martha Clara Vineyard and Big E Farm.
The land includes vineyard plantings, agricultural infrastructure, equestrian facilities and a 10,000-square-foot residence, but brokers say its biggest draw is 89 developable residential lots.
The sellers are keeping 50 acres with the tasting room and wedding venue after a Rivero Larrea family group bought more than 200 acres for $15 million in 2018 and rebranded the vineyard as RGNY.
The listing lands in a surging North Fork market where Marc Rowan's $23.5 million purchase of 110 acres set a local record, while large development plans have intensified tensions between locals and wealthy buyers.
That boom has spread beyond farmland: North Fork's median home sale price topped $1 million for the first time last year and was $999,999 in this year's first quarter.