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Mattituck waterfront property has set a new sale price record on Long Island's North Fork. The Florida-based buyers of 1140 Park Avenue paid $10 million for the home in an off-market deal, according to Behind the Hedges. This breaks down to $2,222 per square foot for the 4,500-square-foot property, which overlooks Peconic Bay and features five bedrooms and four-and-a-half bathrooms.

    The sellers, who are relocating to a Quogue waterfront home, purchased the three-acre property seven years ago for $4.5 million. The home has been largely restored to its original state, with features like weight-and-chain windows, oak paneling, and a wraparound porch. It sits 18 feet above sea level and boasts 170 feet of protected waterfront, thanks to a new double bulkhead.

    Douglas Elliman's Christine Malloy represented the seller, while Alexis Meadows procured the buyer for the agency. The sale more than doubles the previous record in Mattituck, which was $5 million, and marks a high point for the North Fork this year. Despite flat sales recently, Meadows notes that the waterfront market stands apart due to its location and limited inventory.

    The median sale price on the North Fork dropped 3.2 percent from the first quarter to $963,000 in the second quarter, according to Miller Samuel. However, the waterfront market remains strong, with a new record sale just weeks ago in Southold for $7.2 million.