Sagaponack, nation's second-most expensive ZIP code, has quaint country vistas
Priced at $17,900,000 and sitting on a 2.3-acre lot is this eight-bedroom, two-story home in Sagaponack, with 11 full bathrooms and three half-bathrooms. Credit: Saunders & Associates
THE SCOOP
Sagaponack, despite all its glitz, is a very small community where the main activity other than real estate is farming, says Donald Louchheim, village mayor. “What gives Sagaponack its character are these significant vistas of farm fields," he says. "Everything about the area is quaint."
An upcoming municipal project is the repaving and widening of Sagg Main Street, which is scheduled to start Jan. 1, 2020, and be completed by May 1, Louchheim says.
Based on 2018 home sales data, Sagaponack holds the distinction of being the second-most expensive ZIP code in the country, according to PropertyShark.com, a site that analyzes real estate trends. The most expensive ZIP code is Atherton, California.
The Indian name Sagaponack means “where the ground nuts grow,” referring to potatoes, says Jon Barton, sales agent at Sotheby’s International Realty in East Hampton. “It is a very unique place, close to New York but surrounded by farmland and ocean and populated by Wall Street elite, financial and business leaders,” says Barton.
The one-room schoolhouse on Sagg Main is for kindergarten-through-third-grade students, with 15 students currently enrolled, says Alan Van Cott, superintendent at Sagaponack School. After graduating, students have a choice between East Hampton or Sag Harbor schools for studies through the 12th grade. “We are truly fortunate to work in a school that is built upon a strong tradition of community pride and support as we all work together for the benefit of our students,” says Van Cott.
CONDOS AND TOWNHOUSES
The Sagaponack Common School, at 400 Sagg Main St., in Sagaponack, is one of the last remaining public one-room schoolhouses, known as the "Little Red Schoolhouse." Credit: Heather Walsh
There are no condos in Sagaponack.
SALES PRICES
Between Nov. 1, 2018, and Nov. 21, 2019, there were 4 home sales with a median sale price of $3,282,500, according to Multiple Listing Service of Long Island. The low price for that period was $1,890,000 and the high was $5,515,000.
OTHER STATS
Pierre's, formerly know as Sagg Main Store, shares this building with the Sagaponack Post Office, at 542 Sagg Main St., in Sagaponack. Credit: Heather Walsh
Town Southampton
Area 4.3 square miles
ZIP code 11962
Population 313
Median age 56.6
Median household income
Median home value $3,282,500
LIRR time from Bridgehampton to NYC 152 minutes at peak
Monthly ticket $500
School district Sagaponack and East Hampton
SOURCES: 2010 Census; mlsli.com; LIRR
*Based on 4 sales in the past six months, according to MLSLI
NOW ON THE MARKET
$12,950,000
This six-bedroom new-construction barn-style home has seven full bathrooms and two half bathrooms and is 8,700 square feet over two levels. It is sited on a flat 3.4-acre lot which is home to a 42-foot heated gunite pool with an infinity edge, and a waterfall all of which are next to a multilevel pool house. Taxes are $17,487. Debra Simon Design, 631-537-5321.
$5,500,000
Sitting on a .95-acre lot, this 5,300-square-foot modern home, designed by Julian and Barbara Neski, has five bedrooms, four bathrooms, a roof deck, a heated gunite pool and spa and deeded ocean access. Taxes are $9,294. Michael Schultz, Corcoran, 917-882-8338.
$17,900,000
Located on a 2.3-acre lot, this eight-bedroom, 12,000-square-foot home has 11 full baths and three half-baths and was designed and built by Michael Davis. Amenities include glass walls for indoor/outdoor living, a great room with 14-foot ceilings, a 60-foot gunite pool, and an elevator. Taxes are unknown. Terry Cohen and Jon Vaccari, Saunders & Associates, 631-804-6100.
RECENTLY SOLD
$5,515,000
Address Old Barn Lane
Style Two-story
Bedrooms 6
Bathrooms 6
Built 1920
Lot size 1.7 acres
Taxes $12,899
Reduced $235,000
Days on the market 122
$3,125,000
Address Toppings Path
Style Traditional
Bedrooms 7
Bathrooms 7½
Built 2018
Lot size 1.24 acres
Taxes $5,279
Reduced $370,000
Days on the market 776
$3,440,000
Address Town Line road
Style Traditional
Bedrooms 6
Bathrooms 6½
Built 2019
Lot size 1.37 acres
Taxes n/a
Reduced $555,000
Days on the market 241
On Multiple Listing Service
Number of houses 7
Price range $4,895,000 to $24,995,000
Tax range $5,096 to $40,266
