realestate

Hamptons home buyers opt for inland properties over oceanfronts.

East Hampton estate sets season high with $70 million sale on Further Lane.

T
he Hamptons' real estate market is shifting, with many homebuyers opting for quieter landscapes over oceanfront properties. According to Michael Cantwell of Bespoke Real Estate, "oceanfront has become a very limited asset class," with only a handful of trades per year and an extremely high barrier to entry.

    As a result, values are rising in once off-the-radar communities north of the highway. Cantwell notes that buyers are seeking large farm properties in areas like Watermill North and Bridgehampton North, as well as waterfront homes in North Sea, North Haven, and Noyack.

    One such property is a 6.2-acre estate at 137 Great Hill Road in North Sea, listed for $8.5 million with Cantwell. The "cabin in the woods" features five bedrooms, four full bathrooms, and an 80-foot heated infinity pool, among other amenities.

    In North Haven, a rare architectural masterpiece is on the market at 24 On the Bluff, featuring three stories, a boat mooring, and a $19.99 million price tag. Designed by William Reese, the modernist-inspired home boasts five bedrooms, five full baths, and an array of luxury features.

    Meanwhile, in Landfall, a two-bedroom midcentury Butterfly House at 6 Masthead Lane is listed for $2.75 million with Compass Realty. The recently renovated property features 1970s flair, a pool, and access to a private beach on Gardiners Bay.

Hamptons residents choose inland homes over oceanfront properties in Long Island, New York.