5 Hamptons Neighborhoods You Need to Buy Into Right Now

It’s no secret that the Hamptons is a place associated with elegance and lavish living. It seems as though it’s always mentioned in film or television in one way or another, and it doesn’t look like that will change anytime soon. Like most places in the world, there are some areas of the Hamptons that are better than the others. There are also many places that are rising to prominence on the lavish land. Here are five Hamptons neighborhoods on the rise.

Hampton Bays

According to the January 2015 Market Report, Hampton Bays has experienced the most appreciation in sales volume and price appreciation as a percentage, and what that means is people are discovering Hampton Bays in a big way including developers. Ponquogue Manor is one example of the up tick in the desirability of the community. Named after the stretch of land it’s on, which leads the Ponquogue Bridge and distant beaches, Ponquogue Point was built on the site of the old Allen’s Acres Resort Motel. Zyscovich Architects, the design firm behind this luxury development, managed to build boat launch facilities, a resort style pool and 24 unique townhomes within the private, three-acre, 18th century New England coastal inspired waterfront community. The townhomes feature shingle style design in natural cedar with white trim, fieldstone chimneys, sections of copper roof, as well as little complexities that differentiate them from the others. Some homes have also been constructed with beamed ceilings, fireplaces and decks, with one-three bedroom residences ranging from 1,000-2,500 square feet. The luxury condominium project in Hampton Bays will be ready for New Yorkers to claim as their home away from home beginning this July.

Montauk

Montauk has been known as a surfer’s paradise for a long time. They just seem to flock to Ditch Plains Beach for what some say are some of the best waves in Long Island. Montauk has always been a tourist destination and is only located about 20 miles off of the Connecticut coast and is also one of the most famous destinations for commercial and recreational fishing. Sex and the City star Cynthia Nixon purchased a four-bedroom, two-bathroom waterfront home in Montauk, and artist Julian Schnabel owns a historic cottage on the Montauk bluffs. The median home value in Montauk is around $856,400. Prices have gone up 9.7% over the past year and are predicted to rise 2.8% within the next twelve months.

Amagansett

Only in Amagansett do you have the rare opportunity to live in a trailer and have your favorite celebrities live right next door. Located only a mile away from Indian Wells Beach, Amagansett is probably the ONLY place in the Hamptons with a $1.1 million dollar trailer for sale solely because of the land that it is on. The average sales price of a home in Amagansett jumped 27 percent (from $2.394 million in the last quarter of 2013 to $3.043 million during the last quarter of 2014). Medium sales price increased 29 percent from $1.61million to $2.075 million during the last quarter of 2014. Paul McCartney, Jerry Seinfeld and Martha Stewart are all known owners of property in Amagansett.

Sag Harbor

Sag Harbor is an incorporated village in Suffolk County with a little over 2,000 residents. Billy Joel and writer and columnist Harry Hurt own property in Sag Harbor and the median price of homes is currently $1,790,000. One of the really great landmarks of Sag Harbor is the Sag Harbor Whaling Museum, which showcases the town’s history as a whaling port. The museum is filled with equipment from the whaling ships such as toy pots, blubber spades and even some guns. Theirs is also a collection of scrimshaw carvings that are etched on whale ivory. Harpoons, whale vertebrae and shipbuilding tools fill the Harpoon Room, as well as paintings of 19th century whale hunts. Sag Harbor would be a great place to live for anyone that loves to live in a place with a rich history.

Shelter Island

Technically, Shelter Island is separated by a body of water but it is still considered to be part of Suffolk County. This location itself is quite famous, and was the main focus of many things in movies and TV including an episode of How I Met Your Mother, Margot at the Wedding starring Nicole Kidman and Jack Black, as well as a film called Shelter Island starring Stephen Baldwin. The median price of homes currently listed in Shelter Island is $1,050,000. With a median relatively lower than the rest of the neighborhoods listed, Shelter Island seems to be the way to go if you want the location recognition without the price points of most places in the Hamptons.