The Real Deal Miami

How much do Floridians spend in the Hamptons?

September 13, 2012 03:45PM

The Hamptons may be increasingly popular with year-round inhabitants, but it’s still a very popular destination for buyers of second homes. And where do these buyers come from? PropertyShark recently took a look, finding that 2.7 percent of all Hamptons vacation homes are owned by Floridians (see findings below).

All told, current Florida residents have poured about $1.2 billion into second homes in the Hamptons — paying about $7 million in property taxes in 2011, PropertyShark found. (To get the totals, the online data provider cross-referenced residential purchases with the buyers’ addresses.)

And overseas buyers own about 100 vacation homes in the area, with three quarters of those owners hailing from Britain, the data show. — Leigh Kamping-Carder

Source: PropertyShark