From the Hamptons Market Report: If hope springs eternal, then the record $2.5 million full-season rental listed in Southampton could be exhibit A. Owned by philanthropist Marcia Riklis, the 18,000-square-foot mansion on the prestigious Meadow Lane — complete with a gym, a private dock and servants’ quarters — has been on the Hamptons summer rental market since December. As of June, it still had no takers. [more]
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The Hamptons summer rental market is running hot and cold
Even as asks hit record highs, some luxury listings are quietly cutting their prices
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