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