Real estate developer and author R. Donahue Peebles, who purchased a 10.1-acre Bridgehampton compound last year for $5.39 million, has just added another East End home to his collection.
Florida-based Peebles will close next week on a $1.91 million, three-bedroom waterfront home in Sag Harbor, just minutes away from his current property. He acquired the house in an estate trust auction. Peebles plans to keep both homes, using the Sag Harbor place as a cabana and guest house, says Lori Barbaria of Prudential Douglas Elliman, who represented Peebles in the purchase of both his Long Island homes. He also owns homes in Coral Gables, Fla., and Washington, D.C.
Of the new property, Barbaria says, “It’s very hard to get a house in that location … They rarely hit the market.” Barbaria says that the house is perched high, affording panoramic views across to Shelter Island and Connecticut. “It’s on the only Sag Harbor waterfront that has a real beach in front of it.”
Peebles is the chairman and chief executive of the Peebles Corporation, a Miami real estate development firm. He is currently developing a $2 billion, 13-acre property near the Las Vegas Strip.
Peebles recently raised more than $300,000 in Miami for Barack Obama's presidential campaign. A source tells REAL LI that there has been talk of a possibility that Peebles will host another Obama fundraiser at his Bridgehampton home.