realestate

Hamptons Luxury Real Estate Records for 2024

The Hamptons' Real Estate Market: Trophy Deals Elude Brokers in Post-Pandemic Era

T
he Hamptons' real estate market has slowed down in 2024, with the top 10 deals totaling $327 million, a significant drop from last year's $511 million. The ultra-luxury market saw a decrease in sales volume, with no nine-figure transactions and only one deal above $50 million. This decline may be attributed to the limited availability of high-end properties, as many prime estates have traded hands over the past few decades.

    The top sale of 2024 was an auction at La Dune estate, which fetched a significant amount despite not being a traditional listing. Here are the top 10 deals in the Hamptons for 2024:

    1) 366 & 376 Gin Lane, Southampton | $88.5 million

    This massive Southampton estate sold at auction after its owner entered bankruptcy court. The property, comprising two homes, was sold for significantly less than its original asking price of $150 million.

    2) 298 Further Lane, Easthampton | $40 million

    A 6,400-square-foot home with five bedrooms and six bathrooms sold in an off-market deal for $40 million.

    3) 484 & 496 First Neck Lane, Southampton | $38.4 million

    This estate on Lake Agawam features a 7,700-square-foot home with six bedrooms and six bathrooms. The property was sold off-market for $38.4 million, down from its last public listing price of $45 million.

    4) 15 West End Avenue, East Hampton | $28 million

    A 1928 estate with a 160-foot beachfront sold for $28 million this year. The property spans two acres and includes a 5,000-square-foot home and a guest house.

    5) 155 Seascape Lane, Sagaponack | $24.9 million

    This 6,000-square-foot home on Sagaponack Pond features six bedrooms and eight bathrooms. The property has a gunite pool, dock, hot tub, and pool house with a sauna.

    6) 96 Further Lane, East Hampton | $24 million

    The former home of Mets owner Steve Cohen sold for $24 million this year. The nearly 10,000-square-foot residence has 11 bedrooms, 11 bathrooms, a heated gunite pool, spa, and Har-Tru tennis court.

    7) 17 Channel Pond Ct, Southampton | $22.8 million

    After five years on the market, this six-acre estate finally sold for $22.8 million. The property features an 16,000-square-foot home with eight bedrooms, nine bathrooms, and a pool, tennis court, solarium, and art studio.

    8) 43 Lee Ave, East Hampton | $21 million

    A shingle-style residence built in 1900 was renovated before hitting the market last year for $24.5 million. The property features an acre of land with a fire pit, outdoor kitchen, and pool.

    9) 182 Dune Rd, Quogue | $20 million

    This oceanfront modern home sold for $20 million this year. The 8,000-square-foot manse has seven bedrooms and seven bathrooms across its three levels.

    10) 253 Cove Hollow Rd, East Hampton | $19.2 million

    A three-acre East Hampton estate was sold in just three months. The property features a 6,500-square-foot home with seven bedrooms and six full bathrooms, as well as a guest house, garage, heated gunite pool, and spa.

Hamptons luxury real estate market sets record sales in 2024.