The Hamptons is situated on the far east end of Long Island. Long associated with luxury and prestige, this collection of communities features breathtaking scenery, opulent waterfront properties, and a rich history and culture. Its real estate market is also one of the most competitive in the United States. So, if you are considering investing in the Hamptons, here is everything you need to know about its market, people, and community.
Hamptons Real Estate Market
The Hamptons real estate market is very competitive and desirable, so it is always in motion. In recent years, buyers have expressed an increased interest in turnkey properties. Homebuyers want to move in as soon as possible, so they are looking for homes that require minimal updates and renovations.
Hamptons buyers prioritize top-of-the-line amenities like private beaches, heated pools, custom wine cellars, and in-house home theaters. And as people grow more environmentally aware, the market is experiencing an increased demand for sustainable properties. Homebuyers are gravitating toward homes with geothermal heating, solar panels, and renewable materials.
Hamptons Luxury Real Estate Neighborhoods
Understanding Hamptons neighborhoods is just as important as familiarizing yourself with the Hamptons luxury real estate market. The Hamptons stretches across 50 miles of coastline and is famous for its many unique communities, home types, and charms.
If you enjoy historic and charming homes set in tree-lined communities, begin your search in East Hampton. This is also the place to go for exclusivity and a relaxed vibe. But if you gravitate more toward art and a bohemian lifestyle, consider the historic whaling village of Sag Harbor. Sag Harbor boasts some of the best waterfront properties in Long Island, rich architecture, and a vibrant art scene.
Southampton is the oldest and largest Hamptons village. It is also home to the most exclusive and expensive streets on the East Coast, including Meadow Lane and Gin Lane, and many iconic art galleries, gourmet restaurants, and high-end boutiques.
Buying a Home in the Hamptons: Architectural Styles
The Hamptons has a rich architectural catalog, with home styles ranging widely from one neighborhood to another. The most prominent styles here include the Shingle, modern contemporary, and the Hamptons Cottage. Of all this, the Shingle style is most associated with Hamptons. Homes built in this traditional style feature gabled roofs, weathered cedar shingles, and wrap-around porches.
Homebuyers leaning toward a more modern look can find contemporary beachfront homes in the Hamptons. These properties emphasize open floorplans, large glass doors and windows, clean lines, and a minimalist vibe. Usually, contemporary homes feature modern amenities and sustainable fittings.
If you want history and charm, your best bet is the classic Hamptons cottage. This architectural style offers a cozier, more relaxed vibe, combining historical charm and modern interiors. You can expect original fireplaces, exposed beams, reclaimed wood, and other special treats.
Learn More from a Hamptons Real Estate Broker
The world-class amenities and stunning scenery in the Hamptons set it apart from many locations in the US. But because its market is always in motion, buying property there is best done with the help of a broker. Christopher Covert of Associate Broker has years of experience navigating the Hamptons real estate market. He boasts a deep understanding of the village and town codes and market movements. If you are ready to move to the Hamptons, contact him for a detailed evaluation of your options.