Guide to buying in iconic Southampton

Main Street in Southampton village is designed for Main Street in Southampton village is designed for strollers and shoppers. Hildreth's Home Goods store gets some business on March 26, 2014. Photo Credit: Gordon M. Grant

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Vibrant yet serene, the Village of Southampton offers a quaint downtown, cultural attractions, parks and about seven miles of oceanfront, as well as some of the Island's priciest real estate.

The village also has nightlife, houses of worship and a hospital. Newcomer Citarella, a gourmet market, is scheduled to open on Hampton Road this season, says village board member Nancy McGann, managing partner of Town & Country Real Estate's Southampton office.

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Plans to increase parking on Hampton Road are on the drawing board, McGann says, noting that other projects include putting in a dog park on Windmill Lane.

Residential areas include the Estate section, which is mostly inland, with prices often starting at $7 million, says Jeanine Edington of Douglas Elliman Real Estate. Oceanfront homes on Gin and Meadow lanes are currently priced between nearly $15 million and $45.5 million, Edington says.

It's rare to find a home north of Montauk Highway for less than $1 million, says Julie Crowley of Town & Country Real Estate. And when a house comes on the market under that price, it usually needs work and gets a lot of attention, she adds.

The summer rental season is already busier than last year, McGann says. Seasonal rentals (Memorial Day to Labor Day) can range between $45,000 to well above $150,000, agents say.

SALES PRICE: According to Town & Country's Hamptons Year End 2013 Home Sales Report, Southampton Village had the greatest increase on the South Fork in combined sales year over year: In 2013, the combined total was $507,023,610, an increase of almost 62 percent from $313,660,837 in 2012. In 2013, 128 homes sold with a median price of $2,177,500. In 2012, there were 97 sales with a median price of $1,825,000.

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ATTRACTIONS: Eleven beaches, including Coopers Beach, which has a concession stand and a lifeguard; Dunn Beach is for residents only; Southampton Cultural Center; Agawam Park; Southampton Historical Museum; the 1648 Thomas Halsey Homestead.

OTHER STATS

Town. Southampton

Area. 6.3 square miles

ZIP code. 11968

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Population. 3,167

Median age. 50.8

Median household income. $90,855

2013 median home value. $2,177,500

LIRR time to NYC. 2 hours and 20 minutes at peak

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Monthly ticket. $466

Hampton Jitney. Stops at the OMNI on County Road 39A, across from the Southampton Car Wash

School district Southampton

Sources: 2010 census; hreo.com; LIRR; Hampton Jitney

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