Sneak Peek: Million Dollar Beach House Brings Reality Real Estate Drama to the Hamptons

The new Netflix series, premiering August 26, follows five of the top agents on Long Island's desirable East End as they try to close high-stakes deals in the three-month high season, between Memorial Day and Labor Day. Think Million Dollar Listing New York meets Selling Sunset with a side of sand and surf.

But the "millions" doesn't just apply to the price tags of the homes they're buying and selling. As one of the seasoned agents points out: in a good year, they could each break one million dollars in commission.

In a trailer premiering exclusively with PEOPLE, above, the cast shows off some of their jaw-dropping listings and deal with personal and professional drama, as one agent relocates from New York City to carve out a piece of the competitive area for herself and another tries to rack up as much money in commissions as possible before the arrival of his first baby.