The Real Deal New York

Hamptons Market Report 2016 Issue

Gauging the ‘Airbnb effect’
on seasonal rentals

New rules target short-term stays in private homes. But are they working?

For those guests who prefer houses to hotels, the Hamptons has always offered numerous rental options, from quaint shingled cottages to sprawling bowling-alley-lined McMansions. But some … [more]

Slamming the door on short-term rentals

Here’s how local authorities are trying to curb the Airbnb effect

Town of East Hampton Rental registry law, passed in 2015 Owners are required to pay a $100 fee, fill out a two-page application that spells out the length of the […]… [more]

Hamptons home prices still wow

Huge waterfront estates are selling at top dollar despite a decline in luxury deals

A number of massive residential deals have closed recently in the Hamptons, showing that the East End’s luxury market is still capable of creating new local… [more]

All quiet on the
North Fork front

After a frenetic 2015, the luxury real estate market slowed in the North Fork, the less posh East End neighbor to the glitzy South Fork region where the Hamptons lie. In the first quarter of 2016, the average sales price for luxury properties — those in the top 10 percent of sales — fell 22.7 … [more]

At home with starchitect Richard Meier

After setting the standard for East End elegance in the 1960s, the architect still resides in the Hamptons — in the only home he has ever owned

The Hamptons will always have a special place in the heart of world-renowned architect Richard Meier. His East… [more]

Inside the deals shaping the East End’s nightlife scene

High rents, a short season and increasing municipal oversight make it tough to hang — and keep — a shingle on the North and South forks

The churn of eateries in the Hamptons can seem as inevitable as the tides washing up on the local beaches. Last… [more]

Brokerages are on the prowl to snare Hamptons top talent

Getting and keeping key players
is challenging on the competitive
East End

Compass, a newcomer on the Hamptons real estate scene, scored a coup last October when it hired veteran Ed Petrie away from Sotheby’s International… [more]

Big development plans for the East End, despite impediments

Developers trying to build in exclusive North and South Fork enclaves face challenges, including bureaucratic red tape, land scarcity and local opposition

While much of Long Island is known for its suburban sprawl closer to New York City, the relatively rural eastern end of the… [more]

Beechwood doubles down

The father-and-son duo of Michael and Steven Dubb have built the largest residential housing development firm on Long Island

Michael Dubb, the founder and CEO of the Beechwood Organization — the largest developer of residential housing on Long Island — aspired to become… [more]

Wall Street jitters jostle sales

Homebuyers hunt for bargains as the mid-range property market softens

With its flashy beachfront mansions and trendy designer boutiques, the South Fork is widely viewed as a playground for the rich and famous. Yet below the radar of the eye-popping […]… [more]

A green light for Riverside’s major revitalization plan

The East End’s economically blighted hamlet is poised for a makeover, spurring new interest in its suffering real estate market

Situated near some of the most valuable real estate in the world, Riverside provides a stark contrast to the Hamptons…. [more]

Hamptons land prices
still soaring

Limited availability has kept
asking prices high, despite a
slowdown in demand

After a flurry of deals in 2015 for some of the rare remaining vacant parcels in the Hamptons, experts say that land prices are still going up, especially for… [more]

The Hamptons summer rental market is running hot and cold

Even as asking prices hit record highs, some luxury listings are quietly cutting their prices or extending the length of time offered for the same cost

If hope springs eternal, then the record $2.5 million full-season rental listed in Southampton could be exhibit … [more]

What’s it like to live in the nation’s swankiest zip code?

The tiny village where rock stars
and moguls mingle is marked
by odd contrasts

The tiny Village of Sagaponack, a 4.7-square-mile super-wealthy enclave in the Town of Southampton, has a population of fewer than 500 souls. … [more]

Celebs say ‘See ya’ to Hamptons homes

A-listers are putting their properties
up for sale or leasing them out
for the summer

A host of celebrities have put their homes up for sale in the Hamptons — with satirists, singers, TV anchors and tennis stars all getting into the act. Perhaps they… [more]