Southampton new build goes for $1.5M as summer rental

New York /
Mar.March 20, 2019 02:39 PM

A tenant plans to lay down $17,500 a day to rent out a contemporary oceanfront home in Southampton for the summer, the New York Post reported. “In past years, we’ve hit the $1 million-plus rental mark, but this far surpasses it,” star broker Dolly Lenz, who publicly called the deal a record, told the newspaper. Finished just last year, the home on “Billionaire’s Row” at 1400 Meadow Lane still hasn’t been furnished. However, it does have “an oversized glass wine storage and display” for the tenant to enjoy as they hope to hobnob with neighbors like Leon Black, Calvin Klein, David Koch and Henry Kravis, according to the Post. A square foot goes for $11,000 in the Hamptons and many homes are typically already rented out for the summer by January, Inman reported. The 10,927-square-foot home, which is on property sold in 2016 by former Manhattan prosecutor Leslie Crocker Snyder, is also up for sale with a price tag of $53.9 million. The estate has nine bedrooms, 12-and-a-half bathrooms, floor-to-ceiling glass walls looking out on the Atlantic Ocean, a Turkish marble patio, an infinity edge pool, a great room with a three-sided fireplace, a theater and other amenities. The property’s nearly three acres also hold a tennis court, parking for more than 16 vehicles and an elevated walkway to the beach. Vincent Horcasitas of Saunders & Associates has the sales listing. [New York Post]


Related Articles

arrow_forward_ios
Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash
(iStock)

Evidence mounts that high-end sales powered pandemic market

Evidence mounts that high-end sales powered pandemic market
A new report finds that Hamptons prices skyrocketed as demand outpaced supply this year (iStock)

Report details Hamptons rental boom

Report details Hamptons rental boom
Ron Perelman and his estate in the Hamptons (Getty; Google Maps)

Ron Perelman mulls listing Hamptons estate for $180M

Ron Perelman mulls listing Hamptons estate for $180M
Renters continue their tri-state bookings, eliminating the post-Labor Day slowdown (iStock)

In Hamptons and elsewhere, season no longer ends on Labor Day

In Hamptons and elsewhere, season no longer ends on Labor Day
32 Windmill Lane and Andrew Saunders (Realtor)

Hefty prices, robust sales: Hamptons market thrives in Q2

Hefty prices, robust sales: Hamptons market thrives in Q2
Chopper ride-sharing services are seeing increased demand for Hamptons helicopter route as wealthy New Yorkers book commutes to Manhattan (Illustration by The Real Deal; iStock)

Chopper rides from Hamptons fly off the shelves as Covid changes plans

Chopper rides from Hamptons fly off the shelves as Covid changes plans
In the Hamptons, the median sales price hit $1,080,000, up 9 percent over the first quarter (iStock)

Home prices set new records as inventory falls across Long Island

Home prices set new records as inventory falls across Long Island
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...