Model Home, $30 Million

Former supermodel Christie Brinkley and her husband, architect Peter Cook, have put their 20-acre Bridgehampton, N.Y., property on the market for $30 million. The estate, on one of the highest points on eastern Long Island, includes a restored 1898 mansion, a five-bedroom guest house and a two-bedroom artist's studio with gym and four-car heated garage. The couple bought the property in three separate parcels in 1998, according to public records, and spent several years on renovations that added a 75-foot heated pool, a tennis court and greenhouse.

Ms. Brinkley, 51 years old, recently returned to cosmetic company CoverGirl to promote a new line of makeup targeted at women aged 25 and older. She's also been active in land-preservation efforts on Long Island. Mr. Cook, a residential architect who designed several projects in the Hamptons, restored the wood-shingle main house to include a two-story family room and stone terraces with ocean views. The house measures 8,000 square feet. A 50-foot tower attached to the main house, dating from the 17th century, is said to have been erected by English settler John Gardiner. Lori Barbaria, of Prudential Douglas Elliman in Bridgehampton, has the exclusive listing. Ms. Brinkley and Mr. Cook declined comment.

The Hamptons luxury market remains among the strongest in the country, with 12 homes selling for $10 million or more through the first six months of this year, compared with six priced at $10 million or more last year, according to Suffolk Research Service Inc.

Palm Beach Futures

Florida real-estate developer Frank McKinney paid $42.5 million for an 8.7-acre parcel of land just south of Palm Beach. He says he intends to use just over five acres of the site, in Manalapan, to build the most expensive single-family home in the country. (Financier Ron Perelman sold his Palm Beach home last year for $70 million, believed to be the most expensive single-family home sale ever.) Mr. McKinney, 42, has built a number of multimillion-dollar homes without a guaranteed buyer in South Florida. He says the new house will measure more than 60,000 square feet and sell for "more than nine figures," and he plans to break ground in about nine months. Mr. McKinney bought the entire parcel, with 820 feet of ocean frontage, from Malcolm Healey, founder of Ohio-based cabinet maker Mill's Pride. Mr. McKinney says he's willing to give up his plans to build the house -- for a price. He's relisted the property for $85 million.

Also in Palm Beach, Honeywell International Inc. executive Mark Levy and his wife, Janet, bought a home earlier this month for $11 million. The oceanfront estate was owned by longtime area resident and philanthropist Harcourt Sylvester, 77. The home was built in 1945 and underwent major renovations in 1997, according to listing broker Laura Coyner of Corcoran Group. It measures 11,000 square feet and sits next to a home of singer Jimmy Buffett. Mr. Levy is president of Honeywell's Life Safety business, which makes fire-safety devices. He joined the firm in 1999. Corcoran broker Don Gorbach represented the buyers.

Modern-Art Memories

The Connecticut home of artist Hilla Rebay, a co-founder of what's now the Solomon R. Guggenheim Museum in New York, is on the market for $6.95 million. Ms. Rebay, who died in 1967, championed such artists as Vasily Kandinsky, László Moholy-Nagy and Ilya Bolotowsky. A German native, she moved to the U.S. in 1927 and co-founded in 1939 the Museum of Non-Objective Painting by pooling her own art collection with that of Mr. Guggenheim's.

Ms. Rebay owned the Connecticut property -- a 19th-century Victorian Italianate house in Westport, Conn., about 50 miles northeast of Manhattan -- for more than 30 years until her death. The two-story, nine-bedroom house, built in 1859, sits on three acres and is surrounded by seven acres of nature preserve. A two-bedroom guest cottage, tennis court and pool are on the property. The home's current owner, fashion-industry consultant Phil Silber, says he plans to spend more time at his Manhattan home when the Connecticut house sells. Gabrielle DiBianco, of Higgins Group in Westport, has the listing.

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