Esha Soni, who designs luxury handbags and jewelry, bought and renovated the four-bedroom hilltop house a decade ago.
3 min
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Designer Esha Soni, whose sculptural purses and accessories are sold at stores like New York’s Bergdorf Goodman, bought and renovated this four-bedroom, four-bathroom house in Montauk, New York, 10 years ago.
The hilltop home enjoys “breathtaking views and spectacular sunsets,” according to Zachary Tunick of Douglas Elliman, one of the listing agents.
Its location overlooking Block Island Sound “also means you get 180-degree views,” he said. “And you hardly need air conditioning because the ocean breezes are so spectacular.”
The home’s location “on a quiet cul-de-sac ensures there is absolutely no road noise or drive-by traffic,” Tunick said. “But there are trendy restaurants and terrific seasonal shops within walking distance.”
With a designer’s touch from Soni, the home is “beautifully renovated,” Tunick said. “It can be taken to the next level, but it’s already very livable.”
Open-plan living, dining and kitchen spaces anchor the home’s main level, with water views from walls of windows. There is a wood-burning brick fireplace in the living room.
The kitchen, with a granite-topped island at its center, features Wolf appliances. The primary suite includes two closets, a foyer, a large bathroom and walkouts to the home’s broad wooden terrace. The main floor includes a second bedroom, office, pantry and mudroom.
The lower level—“which is not subterranean, because of the topography,” Tunick said—includes two more bedrooms, a bathroom, a living room and storage space.
“I love my house because the view of the water and the sunset, the wide-open space, and the lush, old trees create a deep sense of calm,” Soni told Mansion Global in an e-mail. “In the evenings, the white walls and floors reflect the colors of the sunset in a simple, beautiful way.”
Before launching her eponymous handbag line in 2022, Mumbai-born Soni designed accessories for labels including Ghurka, Michael Kors Collection, Ralph Lauren and Proenza Schouler. “
The bags feel like they could easily double as home decor,” enthused fashion blog WhoWhatWear in August.
Furniture is available by separate negotiation.
Stats
With four bedrooms and four bathrooms, this 3,400-square-foot house occupies a 0.88-acre lot.
Amenities
The large wooden deck, about 15 feet deep by 80 feet wide, features a mechanical canopy.
Talking Points
The 3,400-square-foot house “could easily get expanded to 6,000 square feet,” Tunick said. While there is no pool, the property is permitted for one; because of the home’s large legal setback, a new owner could also add a garage, Tunick said.
Neighborhood Notes
Montauk is on the eastern tip of Long Island’s South Shore, overlooking the Atlantic Ocean and the Block Island Sound.
While Montauk has a reputation for nightlife—the village is home to more than 50 bars—“there is a community within the community of very successful, sophisticated parents with kids in the incredible schools here,” Tunick said. “These are people at the top of their fields, but down-to-earth. Montauk is about a laid-back lifestyle.”
Celebrity residents have included Julianne Moore, Robert De Niro and Bad Company drummer Simon Kirke. A-listers like Taylor Swift and Leonardo DiCaprio have also reportedly hung out at local hotspots like The Surf Lodge.
Private airports nearby include East Hampton Airport, about 20 miles west, and Francis S. Gabreski Airport in Westhampton Beach, about 40 miles west. Midtown Manhattan is about 117 miles west.
Agents: Zachary Tunick, Nicole Tunick, Douglas Elliman
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The US housing market remains under pressure as high mortgage rates continue to weigh on affordability and demand. Industry leaders say 2026 has been one of the toughest years for home sales, with slower price growth, weaker mortgage activity, and fewer buyers entering the market. However, experts say reduced competition and more price cuts could create opportunities for well-prepared buyers.
2 min
The typically busy spring season for the housing market was a dud, and the summer isn’t looking much brighter.
Housing services companies like Zillow Group and Rocket RKT +3.78% were loud and clear last week on earnings calls: Rocket CEO Varun Krishna called the quarter through June “one of the toughest spring housing markets in years.”
Jeremy Hofmann, Zillow’s chief financial officer, said on a conference call that the company predicted earlier this year that the market for mortgages would be flat. “We actually now think it’s going to be down low-to-mid-single digits,” he said.
The rest of 2026 will remain challenging for mortgage origination volume, says KBW analyst Bose George. The question now is what happens in 2027. “If mortgage rates remain [around] 6.75%, I think that’s going to be challenging even for next year,” he says.
But what’s bad news for mortgage companies could be a positive for bargain hunters. Buyers can expect prices to grow more slowly—or mildly decline—with less competition as long as mortgage rates remain unpredictable.
Mortgage rates at the beginning of the year were solidly below year-ago levels, notes Zillow senior economist Kara Ng. But they surpassed last year’s levels recently, she adds, referencing Freddie Mac’s weekly survey of 30-year fixed mortgage rates. Last week’s reading, at 6.69%, was higher than year-ago levels for the first time in 2026.
“From the affordability point of view, it’s going to get more challenging in the second half of the year,” she says. “And when affordability gets more challenging, that impacts sales and home price appreciation.”
Mortgage application data tracked by the Mortgage Bankers Association has cooled since the beginning of the year. The trade group expects that the number of mortgage originations in the remaining two quarters will lag behind last year’s levels, after exceeding 2025 levels in the first half.
Rocket’s early-stage data—which the company told Barron’s it derives from its brokerage Redfin, demand for its mortgage products, and signs in its servicing portfolio that a homeowner is preparing to refinance or move—“leads us to expect the third quarter mortgage market to be smaller than the second,” Chief Financial Officer Brian Brown, said on the company’s call. He added that such an occurrence is “something the industry has not seen since 2022.”
Prices will be about flat nationally, Ng says. Zillow’s most recent forecast, which shows how values are expected to change in the year ending June 2027, show them dropping in roughly half of the 100 largest U.S. metros for which data is available.
Buyers aren’t rushing in at a time when mortgage costs are rising and unpredictable. But those with the right combination of patience and cash could stand to benefit. “If you are financially qualified to buy a starter home, you are facing less competition and you’re more likely to get a price cut,” Ng says.
