“The Holy Grail”: Why Hamptonites pay such a premium for waterfront homes

From the canal to the ocean, from the bay to the pond, Hamptonites really love water. “Oceanfront, bayfront, pond-front and even water-view properties continue to be the holy grail of Hamptons offerings for East End buyers,” said Corcoran Group’s Gary DePersia. This desire remains true despite the inherent difficulties associated with building or owning properties near the water, which include but are not limited to the whims of the Federal Emergency Management Agency’s flood zone … Continue reading “The Holy Grail”: Why Hamptonites pay such a premium for waterfront homes