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Pandemic or not, the Hamptons boom continues as moneyed settle in

Pandemic or not, the Hamptons boom continues as moneyed settle in
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Last Updated: May 18, 2021, 01:51 PM IST
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Synopsis
More than a year after the COVID-19 pandemic began, demand for homes remains robust in the Hamptons, boosted by a swell of urbanites shifting in.
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A blend of remote and in-office work persisting “for the foreseeable future” will allow buyers “to utilise their Hamptons homes substantially more than in pre-pandemic times.
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The high-flying Hamptons real estate market continues to soar.
More than a year after the COVID-19 pandemic began, demand for homes remains robust in the moneyed Hamptons, boosted by a swell of urbanites settling in. ....

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The Hamptons Real Estate Sales Boom Continues - The New York Times

By Marcelle Sussman Fischler
The high-flying Hamptons real estate market continues to soar.
More than a year after the Covid-19 pandemic began, demand for homes remains robust in the moneyed Hamptons, boosted by a swell of urbanites settling in.
In search of less density and more space, beginning last March, many city dwellers snapped up relatively reasonable off-season rentals in the beachfront towns and manicured villages on the East End of Long Island.
As the pandemic dragged on, many decided to buy a home instead of spending as much as a couple hundred thousand dollars on a summer rental. Enabled by low interest rates and Zoom technology that has made working remotely possible, some enrolled their children in local public and private schools, and helped transform the affluent weekend and summer getaway into a year-round community. ....

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The top markets for vacation homes

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This material may not be published, broadcast, rewritten, or redistributed. ©2021 FOX News Network, LLC. All rights reserved. FAQ - Updated Privacy Policy ....

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One house in the Hamptons reportedly rented for $2 million for the summer, as a home shortage pushes vacation rental prices higher

One house in the Hamptons reportedly rented for $2 million for the summer, as a home shortage pushes vacation rental prices higher
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Breathtaking Hamptons home hits the market for a whopping $175 million

The stunning estate, named Myletsone, is located on Meadow Lane in Southampton
The 15,5000 square foot mansion is set on eight acres of waterfront land
It is currently owned by philanthropist Marcia Riklis who has listed the lavish home for $175 million
It will be the most expensive property sale in Hamptons history if a buyer agrees to pay that amount
Only one other home in The Hamptons has been listed for $175 million, but its price tag was subsequently slashed to $145 million when it failed to find a buyer
Mylestone at Meadow Lane, Southampton is listed by Bespoke Real Estate ....

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