North Fork Agent Kristy Naddell Sets Market’s All-Time Price Record with $11.2M-Closing in Cutchogue

The North Fork luxury market just reached an exciting new milestone, and Douglas Elliman’s Kristy Naddell is once again leading the way.

This week, Naddell represented the buyer in the $11,200,000 sale of 12120 New Suffolk Avenue in Cutchogue, establishing a new record for the highest-priced single-family home sale ever recorded on the North Fork. This historic transaction underscores the region’s growing appeal as one of the Northeast’s most desirable coastal destinations.

Once the summer retreat of renowned New York art dealer Barbara Gladstone, the Gilded Age estate has been meticulously restored, offering more than 7,500 square feet of living space, 140 feet of bayfront, panoramic water views, a private sandy beach, lush gardens, and a waterside pool. Blending period craftsmanship with modern coastal elegance, the residence stands as a rare example of timeless design and enduring architectural legacy.

According to Douglas Elliman’s Q3 2025 North Fork Sales Report, luxury prices have continued to climb, driven by stronger buyer demand for space, privacy, and elevated lifestyle amenities. At the same time, limited inventory and heightened competition are further fueling record-level pricing across the region. 

“This record sale is a powerful affirmation of the North Fork’s continued rise,” said Naddell. “Buyers are drawn to its privacy, natural beauty, and authentic coastal lifestyle with world-class vineyards, farm-to-tabling dining, pristine beaches, and a relaxed pace, all within easy reach of New York City. Homes that combine lifestyle, legacy and architectural integrity are in the highest demand.”

Elliman’s top-producing agent by transactions across the Hamptons and North Fork, Naddell is recognized for her strategic market insight, deep client relationships, and results-driven approach. Landmark deals like this further reflect her leadership and the incredible momentum shaping this dynamic market.  

“I’m honored to have represented the buyer in this sale that captures such an important moment for the community,” said Naddell. “The North Fork’s growth story is one I’m proud to be a part of.”