Buyers Remain Motivated To Invest In The Hamptons by Ruth Thomas

The Hamptons real estate market is expected to be vibrant this summer! New construction and waterfront are in great demand. Properties under $2M are seeing historic activity. And Westhampton Beach, Sag Harbor, and Montauk are hot. Predictions are that this will be the busiest summer yet for the Hamptons!

Magnificent Home in East Quogue – $1,195,000 The Goods – Mint condition estate-like custom designed home features a soaring center hall entrance, vaulted ceiling living room with a stone fireplace, open floor plan family room, gourmet Thermador kitchen and dining room with access to an outdoor deck. A lovely double door entry into the grand, first floor master suite, appointed with vaulted ceilings, an enormous marble bath and a walk-in closet. Four additional bedrooms include a second master suite. The fifth bedroom can be used as an added family room. A 9’ ceiling height basement with French doors to the rear patio, and a large two-car garage completes this magnificent home. All sited in a quiet estate-like location. Web #37274. Grossman BHS 71 Corbett DriveWhy it’s a good deal – “Where else can you get a 4,250 square foot mint-condition home with the potential to finish a 9’ walk-out basement (and arrive at 6,200 square feet) for close to $1M?” says listing agent Philip Grossman of Brown Harris Stevens. “Nowhere else, from Southampton to Remsenburg can this size and quality home be found at this price. Put in a pool and you have the perfect Hamptons home.”

North Haven Estate Section Bordering Reserve – $2,250,000 The Goods – You’ll love the open and airy flow of this home. A comfortable 3,800 square feet on 1.8 acres, the home has 4 bedrooms and baths, den with fireplace, living room with fireplace, dining room, multiple screened porches and an eat-in kitchen. The beautifully landscaped grounds feel quite expansive since the property borders reserve lands, featuring a gunite pool with waterfall. The full height, full basement is suitable for finishing. Storage for cars and beach/water toys can be found in the oversized 2-car garage. There is plenty of room to expand if you’d like. Residents in this established estate community enjoy 3 community tennis courts and a private beach. Why it’s a good deal – Listing agent Mala Sander of The Corcoran Group says, “This newly listed property is an entry point into the prestigious estate community of North Haven Point. Immaculate in every detail, the 3,800 square foot home has beautiful light, is well appointed, and will be the ‘Best Buy’ in the Sag Harbor area in 2016!”

By Ruth Thomas AAA Investment on Gin Lane – $19,250,000 The Goods – A vacant lot of this magnitude on Gin Lane rarely hits the public market, and when it does, it creates a stir in the Hamptons’ real estate community. Formerly belonging to the Wooldon Manor Estate, with past owners such as the Woolworth family and Edmund Lynch from Merrill Lynch fame, the 2 acre property boasts ocean views to the south, sunset views over Lake Agawam to the west, and deeded ocean access. Flat and cleared, the lot is perfect for a 10,000+ sq.ft. Estate with pool, pool house, and tennis. Own a piece of history in Southampton Village’s Estate Section. Why it’s a good deal – “It is extremely rare to find a piece of land that passes every Hamptons’ real estate test but this property does – Estate Section, South of the Highway, deeded ocean access, fully cleared, oversized, room for tennis, with ocean and pond views!” Listing agent Enzo Morabito of Douglas Elliman Real Estate says, “This is a phenomenal investment to sit in anyone’s portfolio.”

By Ruth Thomas 2015 was a strong year for Hamptons real estate and 2016 is off to an even better start. Most high-end rentals are already rented for the season. Mid-markets are very active and new construction is robust. Demand is high, inventory is diminishing, and prices are heading up. The Spring is anticipated to be a very busy season in the Hamptons.

Holiday shopping in the Hamptons can be a unique and rewarding experience. Treasures abound in the many local shops and stores throughout the chic towns of the Hamptons, featuring stylish clothing, fine jewelry, children’s toys, fancy pet apparel, and so much more. Shop local and...