A Day with James Peyton
James Peyton of The Corcoran Group has been one of the Hamptons consistent top producers for the past 5 years. With a half billion in sales, James inspires trust and confidence. It’s what makes buyers, sellers and developers want to work with him – not just once, but over and over again. No drama, just strategic analysis, clear concise communication, and expert negotiation skills.
Hamptons Real Estate Showcase sat down with James recently to discuss his thoughts about the East End real estate market and where he sees things heading in 2022.
HRES: Looking at your Instagram account you seem to represent a lot of new homes being built: Resale vs. New Construction – what are buyers looking for in the market?
JP:First choice and the best choice in our market is new construction. Buyers always want new, and now more than ever as we navigate out of the pandemic shift in pricing where older renovated homes are selling at inflated premiums due to their turnkey nature coupled with the lack of inventory. However, with a correction these older properties will lose market value at a greater rate than new construction and will also have to compete with the newest offerings, technologies and amenities that are consistently brought to market each season.
HRES: And what are this season’s best new offerings and amenities?
JP: What a great question. I have 3 special properties now in construction to be completed later this year.
First, 12 Eileen’s Path in East Hampton by Plum Builders is the 5th generation of Modern Barn® designed by Ayhan Ozan of Chelsea Atelier Architecture and centers on their iconic barn room – and this time around it has a mesmerizing skylight that streams in vibrant natural light that sets the house a glow.
Secondly, 43 Davids Lane in Water Mill by Jack Curto is a triple gable design by Siyu Liu Architecture. Set on a sprawling acre, backing to reserve, and overlooking bucolic farm field’s just moments to Mecox Bay. With a California modern interior and fine bespoke millwork that Jack is known for.
And finally, 42 Miller Lane East by highly regarded Talo Builders in East Hampton just north of the village and moments to all the best restaurants and Moo Moo’s ice cream shop. It’s a large lot for the area with high elevation and open southern exposure. A contemporary farmhouse silhouette with clean lines and open spaces featuring a custom Henry Built chef’s kitchen by Space Theory.
HRES: Is proximity to an ice-cream shop a big selling point?
JP: Ha, lol. Yes. Although the Hamptons have become a strategic asset class that pay lifestyle dividends all year long it’s still all about the summer months and making memories at the beach with the family. And that means hot summer nights waiting in line at your local shoppe. I know before we bought in Sag Harbor village, we scouted the local offerings: Big Olaf’s and Buddha Berry did it for us.
HRES: With all that ice cream is a home gym the most sought after home amenity?
JP: Yes, matter of fact it is, an expansive glass enclosed gym with large egress and walkout for natural light, rubber matting, a mirrored TV wall and room for free weights and Peloton or ellipticals. Adjacent a wellness center with steam and dry sauna along with massage room (masseuses not included). It doesn’t look like it yet, but I’ve been consistently hitting the Sag Harbor gym at 6:30am before my son Henrik gets up for school. That gives me some time to sort everything out in my head before the day starts.
HRES: As a leading luxury real estate broker, what do you love about this industry?
JP: This industry allows boundless opportunity for those that want to chase it. My family and I are truly blessed to be able to make our home here on the East End. We love our community, all that it offers and always wanting to give back. From coaching Little League to being a newly elected board member at the Children’s Museum (CMEE) it’s never the same day twice. This season is especially exciting as my listing at 120 Edge of Woods in Southampton has been selected as the 2022 Hampton Designer Showcase House benefitting the Stony Brook Southampton Hospital. A great cause and I can’t wait to see the transformation of the historic “Ivy Lodge,” that will be available for sale upon completion.