The Panoramic View Resort & Residences Has Sold Another Super-Luxurious Oceanfront...

The Panoramic View Resort & Residences Has Sold Another Super-Luxurious
Oceanfront Residence

MONTAUK, N.Y., July 14 /PRNewswire/ -- "The Hamptons" are located along some
of the most pristine beaches on Long Islands' eastern-most shores and
recognized as a resort and permanent residence for the wealthy. As such, the
area serves as first, second and third homes to affluent families from both
Manhattan and around the world. The Hamptons currently holds residency for at
least thirty-five billionaires.

On over 10 acres with 1,000 feet of private white sandy beach, the Panoramic
View has been a renowned destination for more than fifty years, located on
perhaps one of The Hamptons' most scenic beaches. The Panoramic is nestled
into a picturesque hillside with each building perfectly situated, affording
each residence with spectacular ocean views.

The Panoramic View Resort & Residences are currently being redeveloped by
Distinctive Ventures in phases, with all of the amenities, details, style,
materials, craftsmanship and quality of construction expected and demanded by
the most discerning buyers of multi-million dollar luxury homes. Distinctive
Ventures is based in Great Neck, New York and managed by Mr. Adam Manson. As
explained by Mr. Manson, "Each residence has breathtaking views, on-site
management, concierge, porter services, pool and beach attendants, maintenance
services and housekeeping upon request. Homeowners also enjoy the on-site
heated pool and luxury cabanas that overlook the ocean, along with the fitness
and business center."

According to the property's Sales Director, Mr. Ed Bruehl, "There will be a
total of 68 newly designed and constructed one- to five-bedroom residences,
ranging in size from 1,200 to 6,000 square feet, starting at $1,500,000."
Bruehl further states, "There is an extraordinary value and opportunity with
this property for residential ownership. Your research will show that a market
for newly constructed, ocean front residences with unobstructed views for
under $10,000,000 simply does not exist on this shoreline. The opportunity to
purchase a new 4-bedroom, 4.5-bath, oceanfront residence with all possible
services and amenities for $5,000,000 is unrivaled in the market." This past
week, a new 3-bedroom, 3.5-bath co-op residence was sold at more than $1,600
per square foot, $2,800,000 on the property.

The stunning oceanfront location combined with on-site services and
maintenance is very attractive to buyers who typically already live in the
Hamptons. "One buyer moved from an estate in Montauk where they were tired of
personally dealing with all it takes to open, close and maintain a second
home. It was a horizontal trade with a much easier property to use and enjoy.
Another buyer was a past renter who had been looking for a home and this just
made the most sense: they enjoy it when they are here and we maintain it when
they are away. Yet another sale was made to a buyer from the city who loved
coming out to The Hamptons and has dreamed of living on the ocean for years.
At the request of this client, we provided all the furnishings for their
unit," Bruehl noted.

As a resident, you can sit back and watch the waves break on the sandy white
beach from your private mahogany deck. There is no need to be concerned about
beach chairs as the staff will be waiting for you on the sand along with your
towels. It's all just a phone call away to the 24/7 on-site concierge service.
No expense has been spared in creating this elegant seaside retreat. The
professional on-site staff can take care of any need, according to the General
Manager, Mr. Harvey O'Brien. "Want your refrigerator stocked before your
arrival? Turn up the heat or air conditioning? No problem. Our job is to do
all the work, so you can enjoy your precious time with friends and family."
This is a property that must be seen and experienced during all four seasons
to truly understand the exclusivity, privacy, beauty and close proximity to
the villages of Amagansett, East Hampton and Montauk.

"We invite you to come by for a tour of the property and experience a truly
Panoramic View, as there are now only 17 residences available. This is
carefree living at its best," stated O'Brien.

For more information, please visit
http://www.distinctiveventures.com/panoramic-view/ or call 631.668.3000.

Contact:

Mr. Ed Bruehl, 631.668.3000

This release was issued through eReleases(TM). For more information, visit
http://www.ereleases.com.

SOURCE Distinctive Ventures

Mr. Ed Bruehl of Distinctive Ventures, +1-631-668-3000