Two linked Stone Harbor properties — one oceanfront, the other tucked in behind — closed on the same day for a combined $16 million in cash, marking the latest post-Labor Day market pop.
The beachfront residence at 103 116th Street sold for $10 million. The rear property at 107 116th Street sold for $6 million.
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Both went under contract May 29 and closed Sept. 15.
The Joseph T. Sanski Family Trust owned both properties, and the MLS identifies Jack Vizzard of Berkshire Hathaway HomeServices Fox & Roach as both the listing and selling agent in the two in-house transactions.
The parallel closings required substantial concessions.
The homes carried combined original asking prices of $20.498 million. They closed $4.498 million lower — a 21.9% shortfall.
No. 103 produced most of the difference. The six-bedroom oceanfront home sold for $3.499 million below its $13.499 million original ask after 225 days on the market.
The 3,081-square-foot home sits on a 60-by-110-foot lot. An additional 20-foot oceanfront easement gives the property the feel and function of an 80-by-110-foot setting, according to the listing.
The marketing also presented the property as a potential site for a new custom home exceeding 3,600 square feet.
No. 107 sold for $999,000 below its $6.999 million original ask after 224 days.
Its listing described the four-bedroom home as the rear residence “complementing the oceanfront home.” The redesigned 2,070-square-foot property occupies a separate 60-by-110-foot lot and was marketed as potential guest quarters, extended-family space or a rental property.
The beachfront home sold for $3,246 per square foot. The rear residence commanded $2,899 per square foot.
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The properties transferred to 103 116th Street LLC and 107 116th Street LLC, respectively. Ironside Shore Wire could not independently establish whether the two limited liability companies share common ownership.
Vizzard did not immediately respond to a request for comment.
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