“The base price of houses somehow keeps going up and up,” said Moore. For a house that’s a close walk or bike ride to the beach, built well, sized appropriately, and stocked with a pool, “you have to assume $8 million plus,” she said.
For a slightly grander residence, “in the Bridgehampton/Southampton/East Hampton estate market,” explains Brennan, “you’re probably looking at $15 million to $20 million.”
All three of those towns, plus Amagansett, Sag Harbor, Watermill, and Montauk, “are getting a lot of action now,” said Brenneman. “Thank god.”
This article was provided by Bloomberg News.