Floored: The Best-Laid Plan, Indeed

This three-bedroom, three-plus-bathroom penthouse duplex for $10.2 million has an impressive 1,848 square feet of space — outdoor space, that is. Inside, it measures a stately 2,848 square feet. Set on the fourth and fifth floors of a former watch manufacturer, it gets three exposures, and shares the Watchcase Factory’s condo amenities, including a heated pool, gym and even an on-staff driver for the summer months. Can’t get that in a mansion! Contact: 631-725-7200

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HIGH-END Hamptons real estate is usually divided into two neat categories: the big house you own, or the big one you rent. But what of the Hamptons condo? And not just any Hamptons condo, but a luxurious, lofty trophy condo in a turnkey, full-service, Manhattan-like development?

Traditionally, such condos have rarely existed — but they now do in Sag Harbor at the Watchcase Factory (a former Superfund site), which will start move-ins this fall.

“It was a 19th-century watchcase factory” that eventually became a Bulova factory, says Steven Gambrel, principal at S.R. Gambrel Inc., which is responsible for the interior design of the Watchcase Factory, being developed by Cape Advisors. (Baldassano Architecture and Beyer Blinder Belle Architects are also involved in the architecture.)

Back in 2006, Gambrel tinkered with the idea of turning this massive factory off Sag Harbor’s Main Street into a service-laden condo complex. When the market went belly up, the project was put on hold, but “we continued to work on it internally.”

Now, the plan has come to fruition: It consists of 64 loft-like units (with nine ground-up townhouses and eight bungalows), ranging from $1 million to $11 million. And it includes pretty nice penthouses, to boot — like this one. Info: watchcasefactory.com

Other Hamptons Turnkeys

Along with the Watchcase, there are a handful of similarly styled turnkey projects on the horizon in the Hamptons. Like Bishops Pond (bishopspondsv.com) in Southampton — 77 condos in 30 cedar-shingled villas ranging from 2,600 to 4,600 square feet. Prices range from $840,000 to $3 million and the complex promises a pool, tennis court and firepit. Also coming is Old Barn Lane (continentalventuresrealty.com), 30 homes in Bridgehampton starting in the $3 million range, which will be unveiled soon.z