The Real Deal New York

The Hamptons summer rental market is running hot and cold

Even as asks hit record highs, some luxury listings are quietly cutting their prices

July 26, 2016 03:10PM
By Judith Messina

The Southampton Riklis estate has been on the summer rental market, for $2.5 million, for months.

The Southampton Riklis estate has been on the summer rental market for months.

From the Hamptons Market ReportIf 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]

MENU