Wealthy East Hampton boasts good schools, programs, diversity
Newtown Lane in East Hampton Village. Credit: Veronique Louis
THE SCOOP
In bucolic East Hampton, tall, stately trees line Main Street and cast shadows over small retail shops. Hedgerows rim elegant homes providing privacy. And the 1806 Hook Windmill seemingly keeps vigil over it all.
The village, one of several communities within the Town of East Hampton, was established in 1920. Plans for its 100th anniversary on Sept. 26 include closing Main Street for a parade with floats, live Dixieland music, burying a time capsule and unveiling a new village seal, according to Barbara Borsack, deputy village mayor. “It’s a great excuse for a party,” she says.
Main Beach in East Hampton at the end of Ocean Avenue. Saturday, Feb. 29, 2020. Credit: Veronique Louis
Other projects in the works, Borsack says, are the rehabilitation of Herrick Park, a study on bringing sewers to Main Street, Newtown Lane and the famous ponds, and the re-creation of the Dominy workshops, buildings that belonged to the famous family of woodworkers from the 1700s and who built the iconic Hook windmill.
Hedgerows offer privacy to high-end homes on Lily Pond Lane in East Hampton Village. Credit: Veronique Louis
The area is rural, with huge swaths of forests, farms, protected land, dunes, seascapes, bays, harbor, inlets, creeks and the ocean, says Chris Chapin of Douglas Elliman Real Estate. “Some of the homes stretch back centuries and have that old organic feel," Chapin says. "You can have a mansion next to a very modest house. We have millionaire and billionaire rows but there’s a variety of homes that comes only from people living here for generations and generations."
Main street in East Hampton near Newtown Lane. Credit: Veronique Louis
And if you want celebrities, go to Starbucks or Nick & Toni’s in the summer and you’ll see someone famous, Chapin says. “You can be talking with someone on the beach and then learn his or her name and realize you’ve been speaking with the CEO of a Fortune 500 company. It’s very low-key. Everyone is on vacation.”
But East Hampton is not just about luxury, says Glenn Vickers, president of the East Hampton Chamber of Commerce. “It’s a very diverse community with great schools and public programs.”
CONDOS AND CO-OPS
There are no condos on the market in East Hampton
SALE PRICES
Between Feb. 1, 2019, and Feb. 24, 2020, there were 86 home sales with a median sale price of $887,000, according to Multiple Listing Service of Long Island. The low price for that period was $285,000 and the high was $6,750,000. During that period a year earlier there were 63 home sales with a median sale price of $787,000. The price range was $400,000 to $3,300,000.
OTHER STATS
Town East Hampton
Area square miles 10.4
ZIP code 11937
Population 5,225
Median age 53.7
Median household income $98,647
Median home value $812,500*
LIRR to NYC 2 hours 41 minutes at peak
Monthly ticket $500
School district East Hampton
SOURCES: 2010 Census; mlsli.com; LIRR
*Based on 54 sales in the past six months, according to MLSLI
NOW ON THE MARKET
Priced at $5,295,000, this six-bedroom and 6½-bathroom home in East Hampton is on a .78-acre lot and was built in 2013. Credit: Rise Media
$5,295,000
Featuring six bedrooms and 6½ bathrooms, this barn-style home on a .78-acre lot was built in 2013 and is filled with high-end appointments. Retractable walls, oversized barn doors, exposed beams, three fireplaces and a two-story great room are among the features. Rounding out the list are walls of glass, a home theater, a wine room, an exercise room and an 18-by-46-foot gunite pool. Taxes are $22,805. Meegan Darby, Corcoran Group, 631-375-1365.
Priced at $1,800,000, this five-bedroom, three-bathroom Postmodern home on a 1.09-acre lot was built in 2006. Credit: Douglas Elliman Real Estate
$1,800,000
Coming in at 3,200 square feet, this five-bedroom, three-bath cedar-shingled home was built in 2007 and sits on a 1.09-acre lot near Three Mile Harbor. Features include a fireplace, central air conditioning and an in-ground pool. Taxes are $13,000. Raymond Lord and Christopher Chapink Douglas Elliman Real Estate, 631-329-9400.
This four-bedroom, three-bathroom ranch in East Hampton, built in 1963, is listed for $635,000. Credit: Saunders & Associates
$635,000
With a semi-open layout, this four-bedroom, three-bathroom ranch sits on a .34-acre treed lot in the Springs section. The living room has a skylight, and a sliding glass door off the dining room leads to a wood deck and a large, flat backyard with a shed. Taxes are $5,468. Sarah Minardi, Saunders & Associates, 631-987-8916.
RECENTLY SOLD
$2,545,000
Address Springy Banks Road
Style Colonial
Bedrooms 6
Bathrooms 6½
Built 2016
Lot size 1.2 acres
Taxes n/a
+/- list price -$250,000
Days on the market 55
$1,075,000
Address Prospect Boulevard
Style Postmodern
Bedrooms 4
Bathrooms 3½
Built 2001
Lot size .55 acre
Taxes $5,500
+/- list price -$75,000
Days on the market 107
$ 725,000
Address Stephen Hands Path
Style Saltbox
Bedrooms 4
Bathrooms 3
Built 1976
Lot size 103x100
Taxes $4,772
+/- list price -$50,000
Days on the market 86
On Multiple Listing Service
Number of listings 155
Price range $299,000 to $9,250,000
Tax range $1,245 to $39,000
