The Real Deal Logo

search

Trending

Pembroke Pines condo complex deemed structurally unsafe to hit the market Pembroke Pines condo complex deemed structurally unsafe to hit the market Brandon Miller’s widow moves to Continuum South Beach Brandon Miller’s widow moves to Continuum South Beach Brandon Miller left behind $34M in personal debtsBrandon Miller left behind $34M in personal debtsData center boom launches DFW to 2nd-largest marketData center boom launches DFW to 2nd-largest market
Residential
Tri-State

The biggest Hamptons stories of the summer

As season comes to close, a look back at notable real estate happenings

The Biggest Hamptons Real Estate Stories of the Summer

(Photo Illustration by The Real Deal with Getty)

High season in the Hamptons is a culmination of one of the more dynamic cycles in real estate — the springtime boom of seven-figure leases and eight-figure sales that make bank for East End agents and brokerages.

Here are some of the South and North Fork happenings worth looking back upon as Labor Day approaches.

  • The North Fork took on some Hamptons qualities, with rising home prices, high-end hotels and superyachts all making appearances in what remains a largely agricultural area.
  • Despite emerging rivals and an inventory squeeze, the East End’s legacy residential brokerages are still hanging on to top billing.
  • People from all corners of the world gather in the Hamptons over the summer, but ownership of homes largely rests in the hands of well-heeled New Yorkers.
  • Hamptons brokers answer the big questions about staying power in their ultra-competitive market.
  • At the start of the summer season, low inventory put a strain on agents trying to close sales on stately homes.
  • The celebrity movers and shakers who usually fuel the Hamptons housing market had a relatively quiet year.
  • Hamptons agents aren’t the only ones who compete for business over the summer; counterparts from Palm Beach went looking for business on the East End in response to changing market dynamics.

Sign Up for the undefined Newsletter

Major listings and sales

  • Real estate developer Ben Ashkenazy is willing to part with his 76-acre equestrian farm in Water Mill for $125 million, which would be a record-setting deal, or close to it.
  • Brandon Miller’s widow aims to sell the heavily-mortgaged Water Mill home that was a setting for her glamorous lifestyle, listing it for $15 million weeks after her husband’s death by suicide on July 3.
  • Vornado Realty Trust CEO Steve Roth and his wife listed their longtime East Hampton home for $20 million as they plotted a move to a nearby mansion.

Special consideration

  • Cantor Fitzgerald chief executive Howard Lutnick went to bat for Donald Trump, hosting hundreds of guests in his Hamptons home to fundraise for the presidential candidate.
  • Adam Potter has been ceaseless in his attempt to bring affordable housing to Sag Harbor. But who is he?
  • As New Yorkers flocked to the Hamptons for the summer, so too did some of the hottest businesses in the city.

Read more

Residential
New York
Tracking the "Hampton-ization" of the North Fork
Residential
New York
Hamptons's legacy residential brokerages hang on to the top
Manhattan Residents Dominate Homeownership In The Hamptons
Residential
New York
In-state owners dominate the Hamptons
Tags
Long IslandLuxury Real EstateThe Hamptons
Recommended For You