If you are sixty-something, early in your life a millionaire was someone whose net worth was just over $1 million. In the 1970's the goalpost moved and to still be considered a millionaire, you had to earn $1 million a year. In the 1980's era of Wall Street greed/boom again the goalpost of being a millionaire moved to where your net worth had to be over $100 million. Then in the 1990's the magic number was $500 million, early after the year 2000 the amount hit $1B and the classification was changed to "billionaire." Amazingly enough today the phrase "billionaire" pertains to an individual who earns or net worth grows by over $1 billion or more per year. All this change in the last sixty-something years!
I have been visiting or living in the Hamptons for 50 years. When I was 16-17 years old I drove Jimmy Chiusano and Barnes McNevin (with my N.Y. State Jr. License) out to Southampton where we illegally pitched a tent on the ocean beach at the end of Meadow Lane. In the summer of 1969 law enforcement was not what it is today so we spent the weekend without incident. Meadow Lane then consisted of stately mansion-like homes, the kind of homes you could find in any posh Westchester neighborhood. Other than their optimum location (right on the ocean) the homes did not really blow us away to say, "OMG look at that." The stately homes of Gin Lane, Ox Pasture and Cooper Lane in Southampton impressed us more back then with the hedgerow, and their classy nature but still, we would say, "Wow, rich people homes," but again there were homes all over Westchester County that were visible and equally "rich people homes."
Nowadays some things have changed and some things have remained the same. The beautiful Southampton homes in the village look almost the same as they did 50 years ago; with the hedgerow, the cobblestone driveways and the wonderful gardens and landscaping. However the homes on Meadow Lane, the re-development of that oceanfront has been astonishingly over the top. For example the home used in Showtime
cable show Billionaires,
for Bobby Axelrod, the main character, is a 2014-2015 new "nouveau riche style" Meadow Lane 12 bedroom over 17,000 sq. ft. monstrosity built on 7.5 acres of Atlantic
Ocean beach land. It is also located on the precise spot where we pitched our tents in 1970. Now this very Southampton "Village House" is being dwarfed by homes, one being built that someone said to me looks either like a high school or Home Depot
as the huge iron beams are still exposed. Looking at this development you can't help but say, "vulgar money."
Today as you drive down Meadow Lane you see all sorts of the latest of the newest construction vehicles along with huge cranes, and big time big wheel machinery on both sides of the road. No expenses are being spared to build these new homes costing $20 million to $80 million, homes being built on oceanfront land that the land itself is equally as costly. Yes Meadow Lane, Southampton is for billionaires only. It's just a matter of time until armed private security openly polices Meadow Lane.
The same is happening in East Hampton Village on both the Lily Pond Lane, and the Further Lane oceanfront areas. It's also become a billionaires only zone with home prices sold and bought for over $100M. The older wealthy families of the Hamptons are being financially left behind the new emerging billionaires.
It is what it is in the Hamptons, a changing of the guard, millionaires selling to billionaires who feel the need to teardown old classic estates and create a new class of 21st-century Hamptons billionaire summer homes. Huge money changes everything in the Hamptons.
East End Tick Control
The East End's only New York State licensed dedicated tick and mosquito control specialists!
Hamptons Carpet One Floor & Home
We pay less,and so do you.With over 1,000 stores in our buying group, we can get the lowest prices
from the best flooring manufacturers — and pass the savings on to you.Visit our other locations: Hamptons Carpet One Floor & Home, 675 North Sea Road,Southampton, NY 11968
CP Complete- Landscape Design & Construction
Paul Guillo And Chris Hall
Two Of The Most Respected Names In The Community
Together, they are partners in CP Complete. They bring their years of experience
and integrity to creating and renovating luxury backyards.
Hamptons luxury real estate specialist for 33 years, Andrea Ackerman offers outstanding expertise in the field.
Hamptons luxury real estate specialist for 34 years, Andrea Ackerman offers outstanding expertise in the field. Trusted, experienced and successful, Andrea has solidified herself as the go-to broker of the Hamptons and a wholehearted advocate for her clients. A pioneer in the real estate industry on the East End of Long Island, she is driven by her passion for the business. Andrea is based in the Bridgehampton office of Brown Harris Stevens as a licensed real estate associate broker and consultant.
Formerly, a principal partner and Senior Director at Brown Harris Stevens, Andrea now assists in developing their corporate strategy for the Hamptons region, advising other brokers and sales associates, as well as being one of the top producers and listors.
Southrifty Drug 54 Jagger Lane, Southampton Village
Southrifty Drug is a small, neighborhood pharmacy with limited shelf space, and we have to be very selective about which over-the-counter items we carry. As a result you'll find a no nonsense concentration of very effective, high quality and useful products on our shelves. In this new section, we feature a number of these products that we feel are especially worthy of your consideration.
Burner Law Group, P.C.
Burner Law Group, P.C. are full service elder law attorneys concentrating in the areas of Estate Planning, Trust and Estate Administration and Litigation, Special Needs Planning, Guardianship and Elder Law. Offices in East Setauket‚ NY, Westhampton Beach, NY, and New York, NY.
Calissa is Mykonos in the Hamptons.
Our menu focuses on seafood and Greek dishes such as salt baked fish, seafood pasta and Mediterranean mezze. Our wine list has been awarded The Award of Excellence from Wine Spectator and boasts the largest selection of rosé in the Hamptons. The name Calissa is derived from the brightest constellation in the summer sky.Our sister restaurants in New York are Amali and Bar Marseille, opening 2020 in the Rockaways. Calissa offers private dining spaces for groups from 10 to 300 people. To plan your next wedding, corporate event or gathering, please email firstname.lastname@example.org. 1020 MONTAUK HIGHWAY, WATER MILL
WordHampton Public Relations
We build client revenues and reputations.
Our reputation is built on delivering a strong media presence and, as a result, demand for our clients' offerings, resulting in a positive impact on sales. Successful campaigns start with understanding the goals of our clients and developing a customized strategy that will achieve those objectives.