Wednesday, April 17
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After an extreme winter of seemingly endless snowstorms, arctic temperatures, and frigid wind chills, the spring thaw has finally arrived. With the deep freeze behind us, those warm summer beach days are within sight. As the real estate market heats up, now is the time to realize your dream home in the Hamptons.
Although 2014 started out with a “polar vortex” over much of the country, the housing market is warming up as it continues to make a steady recovery. With low inventory, rising home prices, new construction, fewer foreclosures, and a strong stock market, the housing market is predicted to be very dynamic in 2014. That story holds especially true for the Hamptons.
Informed by an aesthetic that reaches across centuries while embracing the best of what’s new, a magnificent residence commands 2.5 manicured acres of gardens and specimen trees in an estate setting within Southampton’s most coveted gated community with deeded beach access. Timeless splendor and gracious elegance combine within this 10,000 SF+/- European style manor which is lent a measure of gravitas by its stucco and stone exterior and is sequestered behind a gated entry that leads to house and a pair of 3 car garages.
Sagaponack - Oceanviews - 3.5 Acres - 5,500 sq. ft. Heated Pool - Tennis - 6 Bedrooms - 4.5 Baths Last Asking Price : $24,950,000
Being involved in the real estate market for roughly 27 years, as both a buyer and seller, I have knowledge of many facets of the business that are not common among the majority. Initially involved in real estate development as a builder, my background has given me an understanding of valuation from an investment perspective.
Recently Sold Properties in the Hamptons - Rare Acreage in Prime Location - Bridgehampton - 20 Acre - Flag Lot
John McHugh, a Global Real Estate Advisor and Associate Broker with Sotheby’s International Realty, began his real estate career in 2001. An expert in the luxury market, he has represented and sold numerous high-end properties throughout the Hamptons, including several notable oceanfront listings. HRES got the chance to sit down with John for a brief Q & A.