Clintons pull Hamptons home switcheroo

TRD New York /
Aug.August 09, 2013 04:00 PM

Bill and Hillary Clinton have switched up their August Hamptons plans, relocating from developer Elie Hirschfeld’s East Hampton home, where they have rented the past two summers, to another estate near the ocean in Sagaponack, the New York Times reported.

Hirschfeld told the Times that he was not renting his East Hamptons home this season.
But the Clintons indicated they weren’t interested in returning after dealing with the loss of a chunk of their security deposit, as two sources familiar with the couple’s plans told the Times.

“I recall sending back the funds, with of course some deduction for utilities and things like that, and that amount was accepted,” Hirschfeld told the Times. “It’s a large house, it has upkeep and it’s expensive — that’s a fact.”

While he did not share the price of the rental or heft of the security deposit, oceanfront homes in the area generally rent for upwards of $200,000 per month, according to online listings cited by the Times. Corresponding security deposits tend to range 10 percent or higher.

The Sagaponack home the Clintons are renting, however, will likely set them back an almost equally hefty sum: Brokers familiar with the area told the Times that beachfront digs tend to rent for around $100,000 during the prime August season. [NYT]Julie Strickland


Related Articles

arrow_forward_ios
Harry Macklowe (Credit: Getty Images)

Macklowe’s brazen Hamptons act recalls Times Square scandal

Jeffrey Collé and Andrew Saunders (Credit: Hampton’s Real Estate, Facebook, and iStock)

Hamptons builder pleads not guilty to assaulting Andrew Saunders

Helmut Lang and an aerial of the Hamptons (Credit: Getty Images and Google Maps)

Helmut Lang’s East Hampton compound could list for a massive $100M

Hamptons Cheat Sheet: After ‘Trump bump,’ Joe Farrell taps Saunders to market $200M portfolio, East Hampton still tops for renters… & more

Hamptons Cheat Sheet: After ‘Trump bump,’ Joe Farrell taps Saunders to market $200M portfolio, East Hampton still tops for renters… & more

Hamptons Cheat Sheet: Historic Southampton property with 3-hole golf course lists for $15.9M … & more

Hamptons Cheat Sheet: Historic Southampton property with 3-hole golf course lists for $15.9M … & more

Hamptons Cheat Sheet: Southampton zoning board OKs East Quogue golf course, Amagansett inn seeks $6.9M … & more

Hamptons Cheat Sheet: Southampton zoning board OKs East Quogue golf course, Amagansett inn seeks $6.9M … & more

WATCH: How much you need to earn to live comfortably in the 5 most expensive ZIP codes in America

WATCH: How much you need to earn to live comfortably in the 5 most expensive ZIP codes in America

64 Deep Lane in East Hampton. (Credit: Out East)

Looking for a summer getaway? Marilyn Monroe’s East Hampton cottage is available

arrow_forward_ios