Top Stories
- "2018 brought this Hamptons zip code back with a vengeance, registering a whopping 95% year-over-year expansion in its median sale price," Eliza Theiss shared.
Top Stories
- "It's important to take steps now to protect your home before those unwanted house guests make a home. It's a much better route to take rather than having an issue to address and control," Brian Kelly explained.
Top Stories
- "This represents the pinnacle of what the Hamptons is all about, boating, beach and endless sunsets," shared listing broker Joseph Savio.
Real Estate News
- "Overall, the significant takeaways from the data show that opportunities in the lower price ranges are becoming less available, prompting buyers in that segment of the market to act," Carl Benincasa concluded.
Real Estate News
- "Because this project is a combination of farmland conservation and historic preservation, both part of our mission, it is a unique model of how the past and present can not only coexist but also sustain one another," John v.H. Halsey explained.
Real Estate News
- "With only three owners in just over 135 years, Cavett's Cove awaits that discerning someone to begin writing their own chapter in Montauk's history," noted Gary DePersia.
Real Estate News
- "It was the Bridgehampton Market (which includes Sagaponack and Watermill) which maintained its high earner award with the greatest total home sale volume," Judi A. Desiderio noted.
Real Estate News
- "The official unveiling of this Show Home is so exciting for our team as we've partnered with such amazing brands like Mitchell Gold + Bob Williams, Sherwin Williams & Arteriors lighting, to name a few," said Kristen Farrell.
Real Estate News
- "We at the Showhouse and the designers are excited about this year's house as it has more of a contemporary approach - all outfittings and finishes are more contemporary," said Tony Manning.
Real Estate News
- "The Sag Harbor House Tour is the primary fundraiser of The Friends of the John Jermain Library - a volunteer organization whose efforts raise money to underwrite the many wonderful community programs provided at the Library," shared Toby Spitz.
Real Estate News
- "The lecture will be about taking ideas that you may see in larger gardens and showing how they are also appropriate in small gardens," Frieze told Hamptons.com.
Real Estate News
- "The variety of homes include one of Southampton's largest, historic estates, called Linden, and a sweet farmhouse, just outside the Village, that was remodeled by a top designer," Tom Edmonds noted.
Real Estate News
- "It is rare that the combination of an iconic business and the real estate are both available, especially in the fastest growing community on the East End," shared Hal Zwick.
Real Estate News
- Less than a year after Bethenny Frankel purchased the historic Morning Glory House for $2,037,000, she decided to put the property back on the market.
Home And Garden
- "Even if the rates for a 30 year fixed mortgage creep towards the 5 percent mark they are still much lower than they have been though out my 26 year mortgage career and rates historically," said Patti Frank.
Real Estate News
- "Activity in the 1st Quarter of 2018 is closer to 2016 levels and seems to show a slow but steady trend towards an improving market," Aspasia G. Comnas said.
Real Estate News
- "One of the last original romantic oceanfront beach cottages and one with a great funny vibe as it was owned by Mel Brooks," Mary Ann Cinelli said about the property.
Real Estate News
- "This rare, architecturally significant home designed by Charles Gwathmey is a remarkable piece of art that would be a great addition to anyone who is an avid collector," shared Hara Kang.
Real Estate News
- "We are so excited to boost our presence in such a beautiful and important part of the East End community," said Carl Benincasa, Vice President of Sales for the Hamptons.
Real Estate News
- "2017 was not kind to the high end. We knew going into that year that the second half of 2016 experienced a pull back for high end homes," reflected Judi A. Desiderio.
Real Estate News
- "When we set out to re-imagine HREO, we talked to real Hamptons buyers and renters to understand both priorities and frustrations with their home shopping experiences, but most importantly what made the Hamptons area a unique place to have or rent a home," explained Matt Daimler.
Home And Garden
- "The Hamptons are a strong and safe place to invest if you understand the market within the larger market," Peter Mangiameli concluded. "The key is to stay disciplined, have a niche and do not deviate from your proven formula of success."
Real Estate News
- "We're thrilled to have found a buyer who appreciates the beauty and pedigree of this historically significant property," shared Carol Nobbs and Eileen O'Neill.
Brokers Outlook
- "Location is always a factor in any rental or sale," Batiancela told us. "Having said that, everyone has a different idea of how to spend the precious summer months in the Hamptons."
Real Estate News
- "Hamptons high-end market absorption rates indicate slower movement in that sector but there are still plenty of opportunities in the high end," explained Carl Benincasa.
Real Estate News
- Attendees enjoyed tours of the historic 1833 Historic Nathan P. Howell home, which is located on the renowned Captains Row in Sag Harbor.
Real Estate News
- "Douglas Elliman is so proud to count retired service members Colonel Landsiedel and James Cuomo as agents," explained Carl Benincasa.
Real Estate News
- "We are both honored and privileged to be able to represent such a significant piece of American history," shared Carol Nobbs and Eileen O'Neill.
Dollars and Sense
- While no one can predict the future, market strategists and analysts are suggesting that we could see some additional market volatility in the months ahead.
Real Estate News
- "Critical debate in architecture and urban planning is essential in this time of unstoppable growth," said Corinne Erni, Curator of Special Projects at the Parrish Art Museum.
Home And Garden
- "DecoTurf has been the surface of the U.S. Open since 1978 and continues to be so today," shared Joe Murphy of Smart Sport Surfacing.
Real Estate News
- Some of the most boldly innovative and playfully radical designs ever produced for American houses were conceived and built on the East End during the 1930s through the 1970s.
Real Estate News
- "What's most interesting is that we are seeing more sales at the upper end of the market, something that was lacking last year," noted Scott Durkin.
Real Estate News
- "The Second Quarter of 2017 showed a strong demand for luxury properties, which is a very healthy indicator for our markets across all price points," shared Ernest Cervi.
Real Estate News
- "The opportunity of doing two homes for the 2017 Hampton Designer Showhouse presented itself and we found it to be very exciting!" said Tony Manning.
Real Estate News
- "It has been a pleasure to serve you for the past 15 years and I am deeply grateful for your business and support," owner Mary Schoenlein shared on Mary's Marvelous' Facebook page.
Home And Garden
- "We keep it geographically tight, so you don't have to traipse all over the East End," shared Mark Fichandler. It's challenging to find fabulous, new, different and underexposed sites."
Real Estate News
- "The Parrish enhances our local community in so many ways," shared Tony Piazza. "As a committee we are thrilled to support those efforts though this event."
Dollars and Sense
- 2017 has been an eventful year in the news, with a seemingly endless stream of fast-breaking developments coming out of Washington and other parts of the world.
Real Estate News
- "This year's house tour is an opportunity for anyone to go behind the hedges and through the front doors of some of Southampton's finest homes," shared Tom Edmonds.
Real Estate News
- "Buyer confidence soared to new highs this quarter, which affected sales throughout the East End in early 2017," noted Ernest Cervi.
Real Estate News
- "The Cowles' always have a full house in summer and their family and friends love the short bike ride down to Coopers Beach," said Michael Daly.
Real Estate News
- "Compass, with its strong pulse on this demographic and the neighboring Hamptons communities, is the perfect partner to help us meet the evolving needs of the buyer and seller," noted John Keeshan.
Real Estate News
- "This is a once-in-a-generation value-add development opportunity to acquire approximately 15 acres of waterfront property in Montauk, Long Island," noted Henri M. Kessler.
Real Estate News
- "The Kardashians lived in the the house all summer and were filmed boating, lounging around the pool, and of course, creating some drama!," noted listing agent Danielle Lise Desrochers.
Real Estate News
- My mind instantly realized that this trophy home, although over 6,000 square feet with nine bedrooms and seven and a half bathrooms, was not your average megalomaniac billionaire's beach house.
Real Estate News
- "We are looking forward to continuing the pursuit of this mission through many future decades of stewardship of Amber Waves Farm while we welcome the community to enjoy the farm as it grows and evolves," said Amanda Merrow of Amber Waves Farm.
Real Estate News
- "A buyer can bring his own imagination and amend or re-address what is approved by the town," shared listing agent David Donohue of Douglas Elliman.
Real Estate News
- You can expect to see a lot more of A Series of Unfortunate Events star Neil Patrick Harris and husband David Burtka in the Hamptons.
Real Estate News
- "The Parrish will become a hub for innovative ideas that stimulate thinking and debate about the critical design and building issues of our times, with a focus on the East End put in broader, global contexts and perspectives," noted Corinne Erni.
Real Estate News
- "An extremely rare bayfront property in the historic waterfront community of Northampton Shores," explained listing agent Enzo Morabito of Douglas Elliman.
Real Estate News
- "Previously owned by renowned fashion designer to the stars, Arnold Scaasi, the current owners plan on restoring this 6,000-square-foot historic circa-1920 home to its original glory," shared listing agent Enzo Morabito.
Real Estate News
- "I am so pleased to be back at Douglas Elliman, where I developed so many personal and professional relationships that have served me well during my career," shared Daly.
Land and Law
- Today's real estate professional must be knowledgeable about contract law, environmental issues, building codes, zoning, market conditions, financing, construction, land use - to name a few.
Real Estate News
- "Long Island has a history of entrepreneurship and business ownership," noted O'Connor. "That is still true today and I think it is one of the strengths of our marketplace."
Dollars and Sense
- If you feel like you've overspent in the past, look at this holiday season as an opportunity to be creative as you find ways to have fun while keeping your spending in line.
Real Estate News
- "I couldn't be happier with the turnout from co-workers, community and friends," Melissa Pintauro noted. "We have received over 130 donations so far and still counting."
Real Estate News
- The trees will be trimmed, the garland and wreathes abundant and the seasonal spirit will be so overwhelming you might just want to break out into a carol.
Real Estate News
- "Real estate is a relationship based business and as a true 'people' person, my favorite part of being a Realtor is the opportunity to make personal connections with clients and assisting in making their dreams and goals come true by being your advisor, advocate and guide through the entire real estate process," shared O'Hara.
Land and Law
- "The market is very slow, but I see this as a good opportunity for buyers to take advantage of the excess inventory resulting in price reductions," said Laura Miele Wynne.
Real Estate News
- "This year's tour will take you on an amazing journey from sea to bay, all within four miles," said Joseph Aversano. "It is a visual feast of stylish houses."
Land and Law
- The Towns of East Hampton, Southampton, and Southold have alleged that short-term rentals have deprived them of taxes essential to serve the community, create unfair competition with regulated motels and hotels doing business in these areas, violates local zoning laws as well as the health and safety of those who occupy these illegal rentals.
Brokers Outlook
- "I like to work with all different types of buyers and sellers, especially newcomers to the East End and people who like doing projects or investing in real estate," said Williams.
Dollars and Sense
- Downsizing doesn't need to be rushed. Consider your priorities and if you decide to downsize, give yourself plenty of time to do it right.
Land and Law
- After the real estate crash in the first decade of the new century, many home owners found themselves in situations where they could no longer remain current in their mortgage payments, and the amount owed to the bank was more than the home was likely to sell for.
Home And Garden
- Planning to do some work on your home this fall or winter? Here are a few ways to reduce stress and increase your ability to choose who should design and build your outdoor living space project (on time and on budget).
Brokers Outlook
- "As a Senior Managing Director, my purpose is first and foremost, to be there for my agents and help guide them through their deals and overall business development, and to keep my offices running smoothly," De Sane explained.
Land and Law
- "As a life-long resident of the town, born and raised, having served my community in both administrative and elected positions, I liked the idea that Town & Country was home grown," said Kabot.
Transfers
- 410 Ox Pasture Road - located in Southampton Village's estate section - was among properties that left the Hamptons real estate market for over $6 million.
Real Estate News
- Just as we all nearly forgot about that time the Kardashians "took the Hamptons," it seems as though another Kardashian might be ready to call the East End home.
Land and Law
- There are many court decisions that illustrate the points made in this case, but the fact that it happened in the Hamptons real estate market gives it special significance.
Real Estate News
- "By bringing tenants into the center that have a lifestyle, health, or wellness edge, we are catering to the community and providing a one-stop destination where residents and visitors can shop, workout, and be pampered," said Richard Birdoff.
Land and Law
- "The good news is that buyers continue to look and the end of summer/early fall is typically a strong selling season," said John Gicking.
Dollars and Sense
- More than 50 years ago, the federal government established programs designed to help Americans afford health care services, called Medicare and Medicaid.
Home And Garden
- "In the bays, we found such high levels of bacteria directly related to sewage, parts of 65 beaches on the East End were closed last year to shell fishing," lamented Edwina Von Gal.
Land and Law
- The case in point has resulted in an apparent disagreement between the Appellate Division of the Suffolk County Supreme Court and the Department of State.
Real Estate News
- "Wonderful home decor and romantic gardens was something that my mother truly loved, so it felt organic to create a House tour in her memory, especially in the Hamptons," said Founder and Matchmaker Samantha Daniels.
Real Estate News
- "As a leader in East End real estate for the past 20 years, we are absolutely thrilled to further expand our reach and commitment to the Hamptons by opening a new office in Sagaponack," said Dottie Herman, President and CEO of Douglas Elliman.
Hamptons Estate Of Mind
- "Mick and other Stones would sometimes be wandering in and out of The Shagwong or Foxies across the street, always fun to watch," recalled PJ Delia. "There were horse events, in which Christie Brinkley would participate in things like barrel racing and Keith (Richards) may be watching from the fence."
Home And Garden
- "You'll feel like an invited guest as you admire the beautiful décor and marvel at the resplendent architectural designs," shared Clare Bisceglia. "Outdoors, expect to see richly colored gardens over stunning landscapes amid majestic ocean views."
Real Estate News
- "The Hamptons market is resetting to a more sustainable level of activity after the rapid pace of the previous couple of years," explained Dottie Herman.
Real Estate News
- "While the 2nd Quarter Home Sales Report proved what I have said about the $10 million and up price categories being hit the hardest, I do anticipate the next three months will see a seasonal up tick on the high end," explained Judi A. Desiderio.
Home And Garden
- "Susan uses the flower color of several hundred perennials as if it were paint on canvas to create the visual effects I enjoy seeing," explained Louis Meisel.
Land and Law
- "There are approximately ten times more people in need of housing assistance than the Federal government provides funds to serve," said Curtis Highsmith, Jr.
Home And Garden
- Purchasing a country house (before a primary residence in the City) has also become somewhat commonplace in our Hamptons/North Fork community.
Home And Garden
- "This special one-of-a-kind home, with its custom architectural details and artistic vision that complements the surrounding landscape, is a natural fit for Holiday House Hamptons," explained Linda Haugevik.
Home And Garden
- One of the longest running garden tours on Long Island, the self-guided ARF Garden tour will feature five magnificent gardens in Bridgehampton, Sagaponack and Wainscott.
Home And Garden
- "Garden Dialogues take place at great gardens and bring together some of the country's most talented landscape architects and their clients for revealing and entertaining discussions about each garden's creation," said Charles A. Birnbaum.
Land and Law
- There is a general recognition among residents, businesses, and public officials of the need for affordable housing on the East End of Long Island.
Transfers
- Entertainment mogul David Geffen purchased the 2-acre oceanfront Hamptons home, which was previously owned by the late fashion CEO Josephine Chaus.
Dollars and Sense
- The stock market can have big implications on world events and your own finances, but many investors find it overly complex and cumbersome.
Land and Law
- Suffolk County Human Rights Law already addresses "source of income" as well as transparency in applications for the purchase of shares in a residential cooperative, not currently included in New York Fair Housing Laws.
Real Estate News
- "Developers across Long Island are working on many magnificent projects, but winning this award demonstrates that we have truly created something special," shared Mitchell Rechler.
Real Estate News
- "Historical preservation is our mandate, and today historical preservation not only preserves the stories of people who worked and lived in these buildings, but it also helps save our environment by restoring a property as opposed to tearing it down and building new - we are preserving our natural environment as well," noted Tom Edmonds.
Home And Garden
- Years ago, it was Trout Pond, Long Beach, Coopers Beach, Main Beach, or Sagg Main, a BBQ with the neighbors and softball under the lights at Mashashimuet Park.
Land and Law
- "We are a real estate based economy driven by our proximity to Wall Street, but we can't just be a second-home community," said Assemblyman Fred W. Thiele, Jr.
Land and Law
- "They will want to know where the money is going," said Assemblyman Thiele. "They're not going to sign a blank check to spend on water quality."
Dollars and Sense
- Every day we hear numbers that evaluate the stock market's performance, such as the Dow Jones Industrial Average or the NASDAQ Composite index.
Land and Law
- That we are in a period of political divisiveness, exacerbated by a presidential election and an opening on the Supreme Court, is one of the few issues upon which we all agree.
Land and Law
- "What has happened in Southampton, is that because of lack of space and higher rental prices in East Hampton, a lot of businesses of greater diversity have moved in to Southampton generating an increase in foot traffic," explained Hal Zwick.
Real Estate News
- "After a lull in high end sales over the past several quarters, Hamptons high end sales activity snapped back in contrast to other housing markets in the region, especially above the $5 million threshold," explained Jonathan J. Miller.
Real Estate News
- "I felt it was a perfect fit - Town & Country has the same business ethics and is deeply rooted in the hamlets they have offices in - just the way Pospisil has been," noted Marge Harvey.
Land and Law
- Both the landlords and the tenants may be prosecuted for violation of this law, which may result in fines up to $30,000 and up to six months in jail.
Real Estate News
- "Compass' use of technology, data, agent support and in-house marketing talent is something no other brokerage offers in the Hamptons," said Scott Strough.
Dollars and Sense
- When the Fed raised short-term interest rates in December, did you feel obligated to buy, sell or change your investing strategy solely on that knowledge?
Hamptons Estate Of Mind
- With private jet service always available, the very wealthy can be in Aspen, Rome, London, L.A. or Miami on their every whim.
Land and Law
- The presidential election, the Federal Reserve's recent increase in interest rates, and how the economy will develop are factors that are likely to affect the real estate market.
Land and Law
- "One of the things I learned from my mentor was, don't ever get your calculator out to calculate the commission," noted Robert Nelson. "It makes no difference if it's $1,000 or $50,000, and when you get those clients, hold on to them and don't let them go."
Real Estate News
- When Rechler Equity Partners broke ground last year on its visionary Hampton Business District at Gabreski, Suffolk County Executive Steve Bellone observed, "This is an important day for the economic future of the region."
Land and Law
- "It has become common for agents to want to brand themselves in print ads and on the internet, to have their names associated with particular listings," noted John M. Gicking.
Real Estate News
- "These hauntings are not of the blood and guts variety, but rather come from memories, obsessions, and encounters with peculiar structures and environments," shared Andrea Grover.
Real Estate News
- "The addition of this outstanding manager to our East End division is a testament to the growing strength of the market and the company's position as a leader in local real estate," said William Zeckendorf.
Real Estate News
- "Attracting and partnering with exceptional talent is the first step toward a successful launch in any new market, and that holds especially true in the Hamptons where competition is fierce," said Robert Reffkin.
Dollars and Sense
- The Federal Reserve (the Fed) has been highly prominent in the news over the last few months as they debate when to begin raising interest rates.
Real Estate News
- Billionaire financier and art collector Adam Lindemann is reportedly in contract to purchase Andy Warhol's former oceanfront estate in Montauk.
Real Estate News
- "Our 20-year involvement with Hither has enabled each of us to renew, sum up, and renew yet again the expressive capability of his own discipline," wrote Salvatore LaRosa.
Land and Law
- "We emphasize to our new agents that they are going to be running a business under the auspices of BHS, and that they have to have a business plan which includes self-promotion, like any other start-up business," said Aspasia G. Comnas.
Land and Law
- "My biggest challenge is to find the time to spend out in the field with my agents," said Ernest Cervi. "It's the most important function I have."
Home And Garden
- "After a quarter of a century of interfacing with this house and its garden, their creator and his sense of grace, the LongHouse Reserve under the captaincy of Jack Lenor Larsen, must be indicted on many charges for the trajectory of my professional and personal life," said honoree Dan Hinkley.
Land and Law
- Over the summer of 2015, the attention of town officials and the courts regarding rentals on the East End of Long Island has gained momentum.
Brokers Outlook
- "Buying and selling real estate is very personal and an important part of someone's financial future," shared Jennifer Wilson. "I take that responsibility very seriously."
Real Estate News
- "We are excited to support Pal-O-Mine, a vitally important organization that is helping so many in our community," shared Cia Comnas.
Land and Law
- While commercial leasing may include large office buildings, retail stores, restaurants, theaters and other uses found in Manhattan, we will focus on the type of commercial business more common to the East End of Long Island and more proximate suburban areas.
Real Estate News
- "The Hampton Business District is attracting top-tier companies like Tate's that want new construction, state-of-the-art design, and a location that's ideal for servicing the East End as well as points west," noted Mitchell Rechler.
Real Estate News
- "In this upcoming Architectural Session, these experts will discuss the future of our towns, and ways to manage and control growth, development, infrastructure, traffic, and other issues," shared architect Maziar Behrooz.
Land and Law
- One of the most important distinctions between the two, co-ops are governed by a board of directors, and a condo by a board of managers.
Real Estate News
- "From a magnificent custom home with an indoor pool, to a lush garden bursting with color, to a stunning post-modern home on Quantuck Canal, the tour showcases some of the most notable properties in the area," said Jodi Giambrone.
Home And Garden
- "All the gardens are purple and white," observed Dede Lyons, as we walked the Parrish Art Museum's Landscape Pleasures Garden Tour. "Is this the new trend?"
Real Estate News
- One of the longest running garden tours on Long Island, the ARF Garden Tour will feature six magnificent gardens in the historic Village of Southampton.
Real Estate News
- Landscape lovers will be treated to exclusive visits to private gardens in East Hampton and Wainscott as part of the Parrish Art Museum's annual two-day horticulture event, Landscape Pleasures.
Hamptons Estate Of Mind
- Montauk the "Unhampton" has now become the hottest destination in the Hamptons for the twenty-something's from all over the world.
Real Estate News
- New York State Fire Prevention and Building Code Council, at the request of the New York State Department of State, recently postponed a decision that would require the installation of fire sprinklers in all newly constructed one and two-family homes and townhouses in New York State.
Real Estate News
- "In 2014 we were involved in 40% of all transactions from Southampton to Montauk and now exclusively represent $1.6 billion of Hamptons real estate," noted Andrew Saunders.
Real Estate News
- Insurance is a critical aspect of buying and selling homes anywhere, but is especially so on the East End of Long Island with its proximity to water, whether it be ocean, bays, creeks, lakes, or streams.
Real Estate News
- "We are honored to receive this prestigious international award which recognizes our longstanding success," said Aspasia G. Comnas, Executive Managing Director of Brown Harris Stevens of The Hamptons and North Fork.
Real Estate News
- "Unlike New York, where natural history is an oxymoron, the East End reveals its natural history more readily," said Deputy Director Scott Howe.
Real Estate News
- A former whaling village, Sag Harbor is on the National Register of Historic Places with a vibrant history dating back to the 1700's. For a bit of insight into the ever-changing Hamptons real estate market in the Village I spoke to three noted Sag Harbor real estate agents.
Real Estate News
- A previous Hamptons hot spot, the Dune Deck Beach Resort in Westhampton Beach, has been purchased by Discovery Land CEO and Founder Michael Meldman for $19 million.
Real Estate News
- Reality TV star Ramona Singer is reportedly being forced to sell her beloved Southampton mansion as part of her bitter divorce drama with her husband Mario Singer.
Real Estate News
- "Coming off our record-breaking year we are well-positioned to continue to provide our clients with the world-class services they have come to expect from our unrivaled team of professionals," noted said Andrew Saunders, Founder and President of Saunders & Associates.
Land and Law
- According to the Division of Criminal Justice Services, there are approximately 1,000 sex offenders living in Suffolk County, more than twice as many as living in Nassau County.
Home And Garden
- A walk through Anima Dominus — the furniture showroom that has been bringing Italian style to the Miami market for 16 years — evoked fantasies of penthouses with picture windows filled with sky and sea, waterfront billionaire McMansions with yards like country clubs.
Real Estate News
- "The Herzog & De Meuron-designed building is a bench mark for purpose-built museum architecture, fully integrating the mission and core values of this institution with the special nature of our environment," said Terrie Sultan, who oversaw the 34,000-square-foot project from the beginning.
Real Estate News
- To many, the South Fork and North Fork of Eastern Long Island, separated by Peconic Bay with Shelter Island in between, comprise "The Hamptons" real estate market. For those who live and rent on the East End there is a marked difference.
Home And Garden
- The high end Hamptons real estate market continues to thrive. For many years, it was normal for houses in our area to increase in value beyond reason.
Land and Law
- On January 21, 2015, the Supreme Court agreed to address the issue: does the law require that the discrimination be intentional, or does it allow plaintiffs to claim "disparate effect," a discriminatory effect regardless of intent?
Dollars and Sense
- According to a recent New York Times article, the average rate on a 30 year fixed-rate mortgage was 3.8%, the lowest since May 2013, and far below the 5% plus-rates of early 2011. Just how mortgage interest rates affect the a-typical Hamptons real estate market were questions I posed to Christopher Minardi, Branch Manager of the East Hampton Division of GuardHill Financial Corp.
Real Estate News
- In December 2014, Fannie Mae published a national survey which included some interesting findings. But what does all that mean for the Hamptons market? For the East End point of view I asked several Hamptons brokers for their views on the 2015 market.
Real Estate News
- "We wanted to dedicate this session of Architectural Sessions to talking about and acknowledging architectural projects that are motivated by a sense of service," said Maziar Behrooz, moderator of Architectural Sessions at the Parrish Art Museum.
Real Estate News
- I have been reflecting on the past year, in fact, the past eighteen years that I have had the opportunity to teach real estate classes in the Hamptons and New York City. I am using this occasion to share what I have learned with our Hamptons.com readers.
Transfers
- Set adjacent to an open reserve this sprawling Sagaponack estate just closed for $6.95M. A short jaunt away, also in Sagaponack, a vacant parcel just sold for $9.75M. We wonder what the new owners will build this year, don't you?
Transfers
- For the few short years that Sagaponack has been its own Incorporated Village real estate prices have skyrocketed. The zipcode is hailed as the "Most Expensive" in the United States with good reason, an oceanfront estate in this Hamptons burg can close for $27M on any given day, and it did just that recently.
Land and Law
- Suffolk County Human Rights Law is particularly aggressive in insuring that everyone has equal rights to satisfy the basic need for housing. How does that impact the East End where property values have risen over the years?
Transfers
- The Southampton house made famous as Diane Keaton and Jack Nicholson's beachfront bungalo in "Something's Gotta Give" recently sold for a record-breaking $41M. We hear that while it's stunning there isn't even room for tennis on the nearly 2-acre spread.
Land and Law
- Human nature being what it is, nobody likes to pay taxes. Certainly, no more than they have to. Real estate does offer some opportunities along those lines.
Transfers
- This weeks top Hamptons real estate transfer comes in from artist Ross Bleckner whose Sagaponack estate sold for $14M. The property was off and on the market since 2008, the price dropped recently from $15M. Complete with an artist's studio and pool this modest, modern mansion can be overhauled and expanded to a full 11,000 square feet.
Real Estate News
- While you won't need a billion dollars to pick up some of the Hamptons priciest pads on the market right now you will need to consider spending at least $45M for the ultimate in luxury a few hours east of New York city. Here are the six most expensive homes in the Hamptons.
Transfers
- A historic beach house on Gin Lane in Southampton, circa early 1900s, with detached garage and guest apartment, on 1.5+/- acres and 142 +/- ft of bulkheaded oceanfront, eight bedrooms, and six and a half baths total is the top Hamptons real estate transfer this week.
Real Estate News
- As you can see from the diverse backgrounds of these "soon to be" Hamptons real estate professionals, there is more than one way to get to Carnegie Hall.
Hamptons Estate Of Mind
- The new Showtime series titled, "The Affair," which is shown on Sunday nights at 10 p.m. on Showtime and then is available, "On Demand," is without doubt a window into what is right and wrong about Montauk and the Hamptons.
Real Estate News
- After shocking many with a new look during the Elle Women in Hollywood Awards, Renee Zellweger is ready for another change in her life.
Home And Garden
- If you haven't gotten your pumpkins yet, there's still time! I just picked out mine at the Milk Pail. They have a great selection of pumpkins and gourds in all different sizes and colors. After purchasing way too many (I just couldn't decide), I knew I had to come up with some creative uses for them.
Real Estate News
- In the not too distant past, the bucolic Peconic Bay Region of Eastern Long Island virtually shut down for the winter. While still primarily a "second home" region, people are staying longer and coming out more frequently enjoying the fall and spring bumper seasons as never before. Is real estate in the Hamptons a seasonal business? Not if you ask real estate professionals doing business in the Peconic Bay Region.
Real Estate News
- According to George R. Simpson, President of Suffolk Research Service, Inc., the real estate market on the East End of Long Island is showing a healthy trend.
Home And Garden
- From a slight grade of your backyard in NorthWest Woods to a waterfront view of the Southampton dunes with the Atlantic in the background; your property is telling you something.
Real Estate News
- A purchaser could avoid having to pay the tax at closing by having made application after a signed contract to purchase the property had been entered into and before closing. It is also possible to apply retroactively for the exemption.
Real Estate News
- Welcome to the neighborhood! AC Lighting & Electric Supply is the first lessee at Rechler Equity Partners Hamptons Business District location in Westhampton Beach.
Real Estate News
- Realogy real estate brokerages, which includes Sotheby's and the Corcoran Group, is starting a residential management division. What this means for the Hamptons and North Fork real estate market remains to be seen. But just what is property management with respect to single family homes? Well, that depends.
Land and Law
- Much discussion has been made of late regarding the issue of the rental activities of the online antics of the Internet website, Airbnb. Hamptons.com investigated how this effects rentals in the Hamptons.
Real Estate News
- Corcoran, a heavy hitting Hamptons real estate agency with offices in Manhattan and Palm Beach, has called in the big guns for their most recent ad campaign, famed photographer Annie Leibovitz. Understanding the need to "go social" they are looking for a few amateur photogs to get snap happy with their new social media photography contest that runs through October 12, 2014
Dollars and Sense
- The financial headlines tell us that the nation's central bank, the Federal Reserve (the Fed), is winding down its "quantitative easing" program.
Home And Garden
- With its soaring, carved mahogany wood walls, coffered ceilings with hand painted embellishments and a fireplace that one could stand inside, the Music Room at Whitefield, formerly known as The Orchard, was the ideal setting in the Hamptons for a discussion about the Gilded Age.
Hamptons Estate Of Mind
- The Tents are up in Bridgehampton for the Hampton Classic Horse Show extravaganza. The most beautiful trained and disciplined show horses are in many cases ridden by the most beautiful people. No doubt this is an event to take in to see the Hamptons horse people.
Real Estate News
- Beginning with a groundbreaking ceremony that featured Suffolk County Executive Steven Bellone and Southampton Town Supervisor Anna Throne-Holst, this summer has seen nonstop activity at The Hampton Business District, the visionary new business park under development by Rechler Equity Partners at Gabreski Airport in Westhampton Beach.
Real Estate News
- Much has been written about Watchcase Factory, the sixty-four unit Loft, Town House, Garden, and Bungalow condominium residence in the Hamptons' Village of Sag Harbor, one block from its historic Main Street.
Hamptons Estate Of Mind
- This is it, Mid-August in the Hamptons. The private jets and helicopters are parked at East Hampton Airport and the huge mega yachts are all docked in Sag Harbor. The lawns in Southampton are green with private party tents going up and down and it's hard to get tee times at the Maidstone Club in East Hampton.
Brokers Outlook
- The North Fork is considered to run from Aquebogue east to Orient Point. To gain perspectives for that expanse of real estate, I interviewed three experienced real estate brokers to get their take on the market.
Real Estate News
- "All My Children" star Susan Lucci has put her Hamptons home on the marketplace for the first time since purchasing the 1.4 acre piece of land in Quogue and building the exquisite estate during the 1980s.
Brokers Outlook
- We hear through the media that the real estate market has turned around. Does the market up-turn in the Hamptons cut across all locations and price lines? Does it apply to sales and rentals? How are lenders responding to the changes and what impact are interest rates having? Are we in danger of repeating the mistakes that led to the 2008 real estate market crash?
Brokers Outlook
- In addition to his work as a real estate broker in Sag Harbor since the late 1990's, John Christopher is in his third year as host of "Real Life" which is broadcasted every Friday at 5:30 p.m. on NPR's WPPB, 88.3 F.M.
Hamptons Estate Of Mind
- The 2014 Hamptons Summer season is now at the midway point and things are really heating up. Party tents are up all over the manicured lawns and celebrities are all over the hamlets that make up the Hamptons.
Hamptons Estate Of Mind
- The 4th of July 2014 had a hurricane scare and big time rains on Friday that only let everyone appreciate the best weather of Saturday and Sunday! And boy was it busy! Restaurants were busy as "suave private Jets and helicopters" were ferrying in the very special while the rest of us crawled in the traffic.
Land and Law
- As is true when a broker represents a seller, although a written agreement is always desirable, the agreement between a buyer and broker does not have to be in writing to be binding. Courts have awarded commissions to sellers and buyers brokers absent an agreement in writing.
Dollars and Sense
- Whether you're married or widowed, divorced or single, it's important to have the right documents in place to ensure that you have the help and care you need as you age—and that your estate is handled in the way you want.
Hamptons Estate Of Mind
- It's already the 4th of July weekend in the Hamptons! Wow time is flying fast this summer. Oh to be an offspring of the "Rich and Famous," in the Hamptons.
Brokers Outlook
- Hamptons real estate pro Jonathan Smith lives and breathes real estate and tells Hamptons.com, "I love real estate and I love looking at properties with customers and clients. I truly believe that success comes when you love what you do."
Hamptons Estate Of Mind
- As we move closer to the craziness of July in the Hamptons, the temperature of both the water and days are rising. Therefore soon the heavy hitters will be helicoptering /private jetting in on a more regular basis.
Real Estate News
- The Comprehensive Plan for the ten hamlets of the Town of Southold, including Fisher's Island, is currently being updated by the Town's Planning Department. I recently met with the planners to get their insights.
Hamptons Estate Of Mind
- The ocean water at the beaches hasn't even warmed up yet but that hasn't stopped record-breaking crowds from flocking to the Hamptons to see and be seen.
Hamptons Estate Of Mind
- It was a wonderful Memorial Day Weekend and it was also a very active one. Matt Lauer's 40-acre spread in Water Mill has neighbors reportedly wondering if he just loves to build structures on his "Edge of the Woods Horse Farm."
Land and Law
- Our recent articles have addressed issues of "due diligence" when buying and selling real property, each intended to encourage the use of trained professionals. Our last article focused on borrowing to finance the purchase. This article specifically focuses on the most current development with respect to reverse mortgages.
Hamptons Estate Of Mind
- Things are heating up for the Memorial Day weekend in the Hamptons. During the Montauk Music Festival last weekend, Jimmy Fallon took the microphone. Folks have to be pondering exactly how legally separated Coldplay frontman Chris Martin and Oscar winning actress Gwyneth Paltrow will go about their separate but equal living situation in Amagansett.
Land and Law
- When life changes or measurements are a few inches off that can change the balance of a mortgage. Unfortunately that rarely works out well for the buyer.
Real Estate News
- Speculation over the location of the summer Kardashian-owned pop-up store DASH has been rampant since E! announced earlier this spring that Kourtney and Khloe would be filming their reality show, "Kourtney & Khloe Take The Hamptons" out east. As of Saturday morning that all came to rest as the famous jet-setting sisters signed a lease through their real estate agent at 64 Jobs Lane, Southampton.
Real Estate News
- Looks like Paris Hilton and her famous family will not be hanging out in the Hamptons this summer. Word is that her parents, Rich and Kathy Hilton, have put their Water Mill estate up for rent for a mere $450K.
Hamptons Estate Of Mind
- As Memorial Day weekend approaches the other Hamptons begins to emerge. With the reports of record $100M homes changing rich hands this off-season there are reports of Alec Baldwin-friendly bike lanes in East Hampton and Kardashian Crossing lanes in Bridgehampton.
Real Estate News
- A Hamptons mansion located on Further Lane in East Hampton has been sold for $145 million, making it the highest priced residential sale in the nation.
Land and Law
- New York is what is known as a "caveat emptor" State - "Buyer Beware!" In the Hamptons real estate market there are many often unknown or misunderstood issues with regard to the buyer's responsibility to exercise "due diligence" when purchasing real property.
Real Estate News
- After years of planning and tireless negotiations at the county, town and local levels, the official ground breaking ceremony took place yesterday for the Hamptons Business District at Gabreski Airport in Westhampton Beach.
Land and Law
- We asked the Hamptons real estate pros about the changes in the real estate market and the new skills required of agents and managers, especially since the market recession, with the influence of the Internet. Their answers surprised us.
Home And Garden
- With her zen-like, low key manner Ani Antreasyan isn't your typical decorator. But her sensibility for juxtaposing the rough hewn and repurposed have made her one of the vanguard tastemakers redefining Hamptons style.
Home And Garden
- Choosing the proper contractor to prepare your home for Memorial Day is actually slightly more daunting than delivering 6.5 billion packages.
Land and Law
- The real estate industry across the Hamptons and North Fork is big business when it comes to rentals, especially when the price tag can be upwards of $500,000 for the summer season. That translates to nice commissions for brokers.
Real Estate News
- When you examine at the rental market across the East End of Long Island, specifically the Hamptons and the North Fork, you can't help but notice that the 2014 rental season is off to a strong start.
Land and Law
- Rentals represent a major portion of the real estate activity on the East End of Long Island, both the North and South Forks. This is the first of a series of articles.
Real Estate News
- An erroneous assumption among the public and even some in the real estate industry, assume that anyone who holds a real estate license and practices real estate is, by definition, a Realtor. However, that is not true.
Real Estate News
- The ambitious real estate duo, Oren Alexander and Tal Alexander of Douglas Elliman, are bulldozing sales barriers in the Manhattan market starting with the colossal deal they just inked for 19 East 64th Street.
Real Estate News
- According to George R. Simpson, President of Suffolk Research Service, Inc., the real estate market on the East End of Long Island is "BOOMING". Up 61% in sales since 2011, to $4.5 Billion.
Real Estate News
- "Our commitment to Long Island extends from one end to the other and signifies a deep respect and appreciation for the community," noted Gregg Rechler, managing partner of Rechler Equity Partners.
Land and Law
- Having spent a career in real estate, I was not unaware of the trials and tribulations of selling and buying a home. In fact, we had put off selling and buying our own home precisely because I knew what a trauma it could be.
Real Estate News
- Nine West founder and shoe designer, Vince Camuto, is breaking Hamptons real estate records with the sale of his $75 million Southampton estate. Originally listed for a mere $45 million, the addition of 8-acres upped the ante for oceanfront property on Gin Lane.
Land and Law
- As I write this article, there are only a few shopping days until Christmas. I thought this would be a good time to address the subject of commercial real estate, specifically retail.
Land and Law
- In real estate sales, presumption is often the root of most problems. A license law requirement for real estate brokers should be, "never presume," and never say, "I don't see why not." An issue that should be addressed by the broker and seller at the time of listing is what, beyond the kitchen sink of course, goes with the property.
Real Estate News
- Comparative 3nd Quarter 2013 market figures, as complied by Suffolk Research Service for the real estate industry of eastern Long Island, show a healthy trend of recovery in unit sales and dollar sales, but a down trend in median price vs 3rd Qtr 2012.
Land and Law
- When it comes to the multi-million dollar homes in the Hamptons real estate market, issues not addressed at the proper time and in the proper manner may prove problematic in selling and buying a home.
Home And Garden
- We arrived in Sicily and doubted that the food could match our triumphant wine paired dinner of a few days earlier in Florence. We were wrong.
Brokers Outlook
- "New York City wants to be here," says Hamptons real estate agent Michael Schultz, in the field for six years and currently hanging his shingle with the Corcoran Group in Wainscott and NYC.
Land and Law
- The Hamptons is a thriving year-round community with a healthy tourist industry. It is the preservation of land that since the 1970's has kept the vistas serene. We wondered, just what is Southampton doing to preserve the natural landscapes? The answers might surprise you.
Real Estate News
- Jacqueline Kennedy Onassis, Jackson Pollack, and Billy Joel were all regulars at the Cavagnaro Bar & Grill and Cavagnaro Deli, part of East Hampton's landmark Cavagnaro complex on Newtown Lane that just sold for $5 million.
Home And Garden
- It's officially autumn and that means chrysanthemums are taking over the Hamptons. If you're looking for some different colors in your pots or gardens this fall, plant pansies!
Brokers Outlook
- Luxury Hamptons real estate specialist Angela Boyer-Stump, presently with Sotheby's International Real Estate, has been in the business for the last 15 years and is an active Hamptons resident.
Land and Law
- Given the relationship between insurance and real estate and the propensity of regular superstorms in the Hamptons, I met with insurance broker Tim Brenneman, to get the real deal on what every homeowner should know to protect their slice of heaven on the East End of Long Island.
Real Estate News
- There is a new performance space Up-Island as the old Westbury Theater has had life breathed back into it with a major renovation that has transformed it into The Space at Westbury.
Real Estate News
- I recently met with Congressman Tim Bishop in his Southampton office to discuss a report issued by the National Association of Realtors regarding housing demographics for all congressional districts in the country.
Dollars and Sense
- Managing finances as a college freshman can be an even bigger challenge than navigating an unfamiliar campus or acing a calculus test, but parents can help new students get off to a good start.
Land and Law
- The Hamptons real estate market is always changing and the state of the market is an ever present topic around the water cooler and at high profile events. What is happening in Hamptons real estate right now?
Dollars and Sense
- Asset allocation is an investment strategy of diversifying your investments among different kinds of asset classes, such as stocks, bonds, real estate and cash.
Home And Garden
- American luxury car company Cadillac hosted an afternoon of 'The Art + Science of Enlightened Luxury' at the Montauk Beach House. Hamptons residents Frank Dalene, of Telemark, and Richard Stott of Steelbone Design were honored for their work in sustainable building.
Real Estate News
- When the U.S. Attorney's office in Islip, N.Y. unsealed a 24 count indictment against Adam Manson and brother-in-law Brian Callahan concerning what was called an almost $100 Million Ponzi scheme, I thought back to the days I was asked to meet Mr. Manson at the Panoramic View Oceanfront Luxury Villas all the way at the end of the Hamptons in Montauk
Land and Law
- The new advertising guidelines issued by the DOS for real estate brokers effective January 2, 2014, in particular, the use of corporate titles, is a hot topic for all of the Vice Presidents out here in the Hamptons.
Land and Law
- The U.S. Supreme Court decision regarding the Defense of Marriage Act (DOMA), the Biggert-Waters Flood Insurance Reform Act of 2012, and the amended Rental Permit Law in effect in the unincorporated areas of the Town of Southampton, could affect the real estate market in the Hamptons, on the East End of Long Island, and elsewhere.
Home And Garden
- This year the Hampton Designer Showhouse is a traditional shingle style home provided by Bodenchak Design and Build and features 30 interior designers and decorative artists.
Brokers Outlook
- “If the price isn't right, well then, let it sit," says Hamptons native Richard Doyle, Vice President at Douglas Elliman Real Estate in Southampton.
Land and Law
- The “Real Deal” claims an increasing trend towards “pocket listings” as a way of selling real estate across the country in a hot market. The Hamptons, it could be argued, is a very hot market especially in the summer season.
Dollars and Sense
- The Retirement Check-In® study found that on average, Americans nearing retirement report a gap of nearly $200,000 between what they have saved, and what they believe they will actually need to live comfortably in retirement.
Brokers Outlook
- Hamptons real estate agent Peter McCracken of the Corcoran Group has seen the inventory decline a bit over the past eight months on Shelter Island. However, he predicts a very active fall season.
Real Estate News
- With the closing of Southampton College, no classroom opportunities have been available since 2009 east of Riverhead for those in real estate. Thanks to Cook Maran Services, that is about to change this July.
Real Estate News
- Hamptons residents are moving into trailers for the summer in order to rent million dollar mansions and making huge gains by downgrading for the summer.
Home And Garden
- Whether one is deciding to go forward with a landscape architect/designer's plan or, your own creative plan of adding stone work as part of your garden, is a big move.
Brokers Outlook
- Hamptons real estate agent Bill Williams, Senior Global Real Estate Advisor at Sotheby's International Realty in East Hampton, doesn't get surprised by the wild amenities in the Hamptons most amazing homes anymore, “It's truly crazy what some people will put in [their] homes."
Home And Garden
- I don't want to speculate on whether or not we have any desperate housewives here in the Hamptons, but I can assure you that it's easy to find examples of the pristine, well-manicured beauty of the homes and gardens of Wisteria Lane.
Real Estate News
- A beautiful 3 bedroom, 3.5 bath condominium located at 456 Old Town Road in Southampton with ties to the former heads of Standard Oil and Atari has recently sold for $2.52 million.
Dollars and Sense
- The “million dollar” question many of those preparing for retirement ask themselves is simply stated but not necessarily easy to answer – “how much money do I need to save to secure a comfortable retirement?”
Home And Garden
- The season for entertaining in the Hamptons will be under way before we know it. Fresh floral arrangements are a gracious addition to party décor, of course.
Land and Law
- In most cases on both the South Fork (The Hamptons) and North Fork of Eastern Long Island, real estate brokers by custom represent sellers. But that is about to change.
Land and Law
- It's that time of year again in the Hamptons and on the East End of Long Island when real estate “for sale” signs sprout up before our fall crops do.
Real Estate News
- Hamptons agents react to the story of two men enticed a real estate agent into showing them properties and then tried to ditch out on the commission.
Real Estate News
- Just days after billionaire hedge fund manager Steven A. Cohen of SAC Capital Advisors bought Picasso's La Reve for $155 million, he purchased a $60 million Hamptons mansion, next to the one he already owns.
Home And Garden
- They say that April showers bring May flowers to a garden, but when it comes to the Hamptons no one likes rain regardless of the season. You can't blame us, as the Hamptons' appeal is built on social gatherings, overnight guests and lots of dining out
and parties—all things that are less enjoyable when it's raining.
Land and Law
- In 2007, the Town of Southampton enacted Town Law S:215 which prohibits sex offenders from residing within one mile of any school. But will this cause clusters of sex offenders? What are the laws? What are the long term implications for the Hamptons?
Dollars and Sense
- Whether you said “I do” at the altar, entered a common law marriage, are in a domestic partnership or cohabit with your significant other, the laws about your financial rights and obligations vary by state, and sometimes even by city.
Home And Garden
- Orchids remind us in the Hamptons of lush tropical gardens. They are sensual looking and inspire our imaginations. When in full bloom, especially in our northeast winter environment, orchids have a tranquilizing effect with a promise of summer days to come.
Real Estate News
- Among the taxes that affect the transfer of real property in the Hamptons and North Fork are the New York State Seller Transfer Tax, the “Mansion Tax,” and the “Peconic Tax.” But, who pays what?
Home And Garden
- Spring is in the air and the locals are restless with cabin fever. Although the specific dates of the season are based on astronomy and meteorology, we all know what spring means: rebirth, renewal and re-growth—followed by lots of traffic on Route 27.
Home And Garden
- What could make a flower gardener's heart beat faster than a perennial that blooms in earliest spring, loves the shade, tolerates dry conditions, and isn't on the menu of deer or voles? Gardeners of the Hamptons, meet the hellebores.
Home And Garden
- I love the Hamptons in the Winter! When I visit my Southampton rental it is the perfect time to enjoy the natural beauty that makes the Hamptons so wonderful. But no sooner than I've relaxed than my gardener's internal voice starts up: I know there is work to be done.
Home And Garden
- When winter winds blow outside, indoors your Hamptons home can be a verdant oasis. Sharing your living space with houseplants can help soothe your winter-weary soul and bring health benefits besides.
Real Estate News
- Rumor has it the former first couple, Hillary Clinton and Bill Clinton, are looking to set down roots on the East End and have engaged the services of a high-end Hamptons broker to scope out the scene for them.
Real Estate News
- Dream homes in the Hamptons have it all - big pool, tennis court, home theater, putting green, wine cellar – but only one has a nightclub, drawbridge, and 24-Karat gold paint on the tennis court.
Home And Garden
- Nature creates winter wonderlands all around us and in order to design your personal winter garden in the Hamptons one begins by having a vision.
Home And Garden
- December 21, 2012, came and went and the world did not end. Fortunately, many believe that the Mayan calendar signified a transition on that the date and it marks the start of time in which Earth and its inhabitants may undergo a positive physical or spiritual transformation. For countless people, 21 December 2012, marked the beginning of a new era.
Brokers Outlook
- “I think as long as the Hamptons retain their natural character and NYC is less than two hours away, the East End will always be a golden investment,” says Mala Sander, Corcoran Group Senior Vice President/Associate Broker.
Home And Garden
- When thinking about the 60 or so wineries dotted across the North Fork and in the Hamptons, it should be no surprise that the inclusion of wine cellars is a "must have" feature on the rise in a 'wine country' home.
Land and Law
- A real estate agent's responsibilities are often determined by an administrative law judge of New York's Department of State or a civil court judge. It is not uncommon for real estate agents to ask, “Can I be held responsible if?”
Home And Garden
- If you want to get away from a chlorinated pool, there are alternatives. Swimming pools in the Hamptons can be clean and clear without chlorine. And you don't have to start from scratch—your existing pool can be converted to a non-chlorine system.
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