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See What $1, $10 and $50 Million Gets You in Hamptons Real Estate

Isabella Canelli | November 13, 2020 | Lifestyle Home & Real Estate Home & Real Estate Feature

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Go big or go home, so they say. And to get a house to go to out East, you'll need to dig deep. According to a report from Douglas Elliman, the average sales price in the Hamptons soared 46% in the quarter to just over $2 million, with a median sales price jumping from 40% to $1.2 million, making it higher than Manhattan’s median sales price of $1.1 million. In short, you'll need beaucoup bucks to set up residence out East. The seriously depleted inventory that remains ranges from $1 million to "you've got to be kidding" and here are our top picks in the $1 million, 10 million, and 50 million categories.

ONE MILLION

2 Right of Way, Sag Harbor, NY |$1,175,000

Agent: Yorgos Tsibiridis - Douglas Elliman

3 bedrooms |2 bathrooms | 1,550 sqft (interior) | .13 acres

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Listing: This light-filled, fully-renovated beach house is located on a coveted corner lot just 400-feet from Noyac Bay beach (with deeded beach rights) and three miles from the village of Sag Harbor. Originally built in 1928, the home maintains all of its original character, while recently renovated top-to-bottom with high-end finishes and modern touches. The southwest-facing living room receives beautiful sunset lighting and has six symmetrical windows, a full wall of new custom bookcases, a brick fireplace, and double-height exposed beamed ceilings. The larger downstairs bedroom also has floor to ceiling built-in bookcases, while the smaller of the downstairs guest rooms is currently used as a den, or TV room. With 25-windows, on 4 sides, this house is sure to be light-filled every day of the year. On the second floor, the master suite’s cozy and romantic bedroom is under the pitch of the roof. The attached garage offers a fantastic opportunity to be converted into a studio, rental apartment, or an addition to the main house. There is also a rare full basement. The grounds include room for a pool, and the gardens seasonally feature fern, vinca, daylilies, and forsythia. Mature hydrangeas encircle the house, while wisteria defines the perimeter, and forms a lush canopy over a pergola at one of two entry doors.

TEN MILLION

74 Cranberry Hole Rd, Napeague, NY | $9,850,000

Agents: Adam Hofer, Alexander Boriskin, Michael Lorber – Douglas Elliman

10 bedrooms | 11 bathrooms | 12,000 sf (interior) | 5.6 acres

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Listing: Enjoy resort-style living at this one-of-a-kind Amagansett home. Recently completed by acclaimed architecture firm Resolution 4, this nearly 12,000 square foot modern masterpiece sits on over 5 acres of land, surrounded by lush landscaping and breathtaking ocean views. This substantial home is unique in lending itself as an amazing weekend getaway for a small group to accommodating a corporate retreat and everything in between. This ten-bedroom, 11-bath home also includes two kitchens, a full gym, squash court, heated gunite pool, oversized hot tub, rooftop bocce ball court, fire pit, a nature walk, projection TV, Sonos inside and out, and so much more. All of which are complemented by uncompromised panoramic views and the seamless transition of indoor and outdoor space.

FIFTY MILLION

5 Fair Lea, Southampton, NY | $49,000,000

Agents: Bruce Grant, Harald Grant – Sotheby's International Realty

9 bedrooms | 9 bathrooms | 3 half bathrooms | 7,500 sf (interior) | 3.7 acres

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Listing: For the first time in decades, 'Ocean Dream,' the 80-year-old oceanfront estate, with sterling provenance is offered for sale. The 3.7-acre property, with pool and tennis, is sited down a private drive off Southampton's renowned Gin Lane. The elegant shingle-style home is known for its covered porches and decks that wrap its first and second floors, and offer endless options for gracious indoor-outdoor living and entertaining. A private road leads to the front drive, and the manicured grass tennis court, and exquisite landscaping. The nine-bedroom, nine-bath home opens to a front entry foyer with a view straight through to the ocean-side covered decks. The 7500+/- square foot of living space includes the living room, media room, sun room, formal dining room, butler's pantry, and over-sized dine-in kitchen with morning room. Several French doors open to the decks that overlook the pool, golf putting green and trap. The second floor offers the principal bedrooms, especially the master suite with multiple dressing rooms, and its own access to the ocean view deck. An additional six bedrooms and baths complete the second and third floors. The third floor also offers its own family room and additional ocean-facing balconies. A workout room, staff quarters, attached three-car garage, and connecting pool house are included. Village shopping and restaurants are just a short distance away. Well-loved and maintained for generations, 'Ocean Dream' presents a rare opportunity to own one of Southampton's finest oceanfront estates.



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