Welcome Home to the Hamptons
Welcome Home to the Hamptons
It’s going to take more than a major economic crash to bring the Hamptons down. Here in America’s most revered playground, where the closer a property is to the ocean, the more expensive it will be, buyers and sellers are getting a little creative.
For example, if you want to live near any of the villages between Montauk and Southampton, but don’t need to live within the center of town, “it is possible to find a three-bedroom house on a half-acre, about 10 minutes from any of the villages and north of Route 27, for about $500,000,” explains Josiane Fleming, senior vice president of Prudential Douglas Elliman Real Estate. On the sales side of things, a handful of builders are trying to lure eco-aware buyers with homes that will be LEED certified or at least have sustainable features, says Fleming.
West of the Shinnecock Canal, in areas such as Westhampton and Quogue, buyers can find a relaxed atmosphere in a landscape that is natural and unspoiled, says Ginger Bittner Andrews, an associate broker with First Hampton International Realty. Prices to own on the ocean start at $4 million, says Andrews, and “the [current] opportunities to buy on the water in Quogue are unprecedented.” Small, independent boutiques and family- owned restaurants add to the region’s charm.
Both Fleming and Andrews note that activity started to pick up in April, evidence that, with its grand homes filled with soft, sun-washed colors and comfortable furnishings, the Hamptons is beginning to welcome buyers back home.
—Sarah Binder
Photo courtesy Ginger Adams
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