Beloved French Restaurant Sells for $2.3 Million

The property that housed the iconic Rye restaurant, La Panetiere, closed in December for $2.3 million. One of the most beautiful sites in the coveted, waterfront town of Rye, this property was home to the beloved French restaurant for 36 years.  William Raveis Real Estate’s Maria Skamangas represented the sellers. 


Often described as a go-to restaurant for families celebrating birthdays, anniversaries and special occasions, the Provençal-country restaurant has been a gem in the community for decades.  Welcoming the close-knit community, local celebrities and even fellow chefs, owner Jacques Loupiac’s hospitality was sought-after and legendary. In October, Loupiac announced that he would be closing.  A new restaurant will open there in the new year.


“At William Raveis Real Estate, we serve our clients in the luxury market with great care and meticulous attention to detail,” said sales associate Maria Skamangas.  “This property is no exception. Though it is bittersweet to see a classic restaurant close its doors, we are thrilled to know that our community will see a new one in its place.”


For over 29 years, Skamangas has successfully worked with sellers, buyers, and real estate developers in Westchester County. She is an award-winning top producer, consistently achieving numerous sales awards including William Raveis Chairman’s Elite Club, Westchester Magazine’s Five-Star Agent award, Platinum and Gold Sales Awards from the Westchester County Board of Realtors.


“Maria’s extensive knowledge of construction and remodeling, and her expertise in staging and negotiating puts her clients at an advantage in the competitive New York and Connecticut real estate markets,” said Susan Reische, Strategic Growth and Sales Manager, William Raveis Rye office.


WRRE has been raising the bar in marketing luxury properties since 1979. WRRE positions high-end properties in unique ways, using state-of-the-art technology and creative marketing. 


Their Global Marketing Program helps clients’ reach even more affluent buyers around the world. In addition, WRRE markets homes to over 70 countries with listings on over 2,000 international sites. Voted Number One Luxury Broker by Real Estate Companies of the World, their reputation is underscored by the sale of over 30,000 luxury properties.


William Raveis Real Estate, Mortgage & Insurance is the number one family-owned real estate company in the Northeast, spanning to Florida, and the sixth largest independent real estate brokerage in the United States, according to RealTrends. William Raveis, WRRE’s CEO and Chairman, founded the company 47 years ago and has turned it into a real estate powerhouse with more than 4,300 talented sales associates across 134 offices in Connecticut, Florida, Massachusetts, New Hampshire, New York, Rhode Island, Maine, and Vermont. WRRE is the only privately held firm offering mortgage and insurance services under one roof to its clients, thereby creating a seamless end-to-end customer experience. In 2020, William Raveis closed $16 billion in real estate sales, $2 billion in mortgages, serviced 30,000 insurance customers, and closed 27,000 transactions. 


For more information, visit