By Oshrat Carmiel |
A Long Island farm owned by bakery executive Robert Entenmann — with a winery, tasting room and a five-bedroom house — sold for $15 million in the priciest residential deal on the North Fork in a decade.
The farm, owned for a generation by the family whose baked goods are ubiquitous on U.S. supermarket shelves, was first listed for sale in 2014 for $25 million, Clarry said. The price was later cut to $17.5 million. Robert Entenmann died in 2016 at the age of 88.
“It’s a piece of history,” Clarry said. “The house had a commercial baking kitchen that he used.”
The property includes 113 acres of vines, horse pastures, nine barns and an event space, according to the listing. The “manor house” has five bedrooms and 10,236 square feet (951 square meters) of living space.
The purchase price was the second highest in North Fork history, behind only a $19.5 million waterfront sale in 2008, according to Corcoran Group.
Maria Rivero, chief executive officer of the winery that bears her family’s name, said the farm’s vines were as important as the property itself in deciding on the purchase. The family has hired a master planner to figure out how best to use the home — a bed and breakfast is a possibility — and the wines to be produced are also still up for discussion, she said.