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Licensed Real Estate Salesperson
Tel 631.324.1050 x4360
|Feb. 10, 2016||| Ken Smallwood||Tweet|
Founded in 1648, the Village of East Hampton is one of America's earliest English settlements. Today, the Village of East Hampton still provides a rich record of the architecture and agricultural way of life in early America. The Village's wide Main Street, Village Green, Town Pond, South End Burial Ground, and the area around Hook Mill are all remnants of the Village's original seventeenth century design. Remaining historic houses and farmhouses, barns, outbuildings, fences, pastures, windmills, and schools accent what has been called "America's most beautiful village."
The Village of East Hampton, located on the eastern end of Long Island, New York, is an approximately sixteen square mile parcel of land adorned with ponds, wetlands, large, open public greens, farmland, and woodland. The entire southern border of the Village is home to some of the world's most beautiful ocean beaches including: Main Beach, Georgica Beach and Two Mile Hollow Beach. The wide, white, sandy beach and dunes provide an expansive vista of the Atlantic Ocean. The estates and homes along the roads from Main Street to the ocean are among the most impressive in the country and attract the rich and famous: Martha Stewart, Russell Simmons, Steven Spielberg, Katie Couric and Jerry Seinfeld to name a few.
The Village of East Hampton has some of the most expensive real estate in the world. According to Nest Seekers International, currently on the market is a 7 bed, 8.5 bath home on Two Mile Hollow Road for $32,888,000, a 10 bed, 8.5 bath home on Cross Highway for $15,495,000 and coming in at number three is a 7 bed, 7.5 bath home on Georgica Road for only $12,995,000.
Don’t despair there is still hope for the rest of us. The threshold to buy a home in the Village of East Hampton is much lower. Your neighbor might not be Steven, Katie or Jerry – but you might bump into them walking down Main Street. According to my 2015 Price Trend Report, the average Village home, “South of the Highway” was approximately 3,330 sq. ft., on a 1.2 acre lot and sold for $5.398 million (source OREX). If your children want to buy a home of their own in the Village but can’t quite afford your block - there is hope for them as well.
The average Village home “North of the Highway” sold for $1.724 million 2015. Their commute to Main Beach will be longer than yours - but they can be the first in line for Restorative Yoga classes at the YMCA. Please email me if you want a free copy of my 2015 Price Trend Report or any information pertaining to buying, selling or renting in the Hamptons: firstname.lastname@example.org
For more information on the Village of East Hampton click here.
Kenneth Smallwood is a Licensed Real Estate Agent with Nest Seekers International. His specialty is luxury residential real estate in the Hamptons and New York City. Phone: 917-797-9201
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