Press
A Stunning Shinnecock Bayfront Home with Endless Views Sells for $5.4M
12/9/2016 – Curbed
Featuring Tim Davis and Thomas Davis’ sale at 42 Oceanview Drive, Southampton
Top Corcoran Agents Present U.S. Real Estate Opportunities at London’s Luxury Property Show
11/16/2016 – Mann Report Residential
Featuring Tim Davis
Have Your Heard…The Luxury Property Show in London
10/19/2016 – Brokers Weekly
Featuring Tim Davis
Realty Check: So True / So False
10/13/2016 – Hamptons Real Estate Showcase
Featuring Tim Davis’ Normandy House estate listing at 408 First Neck Lane, Southampton
Top Corcoran Agents to Present U.S. Real estate Opportunities at London’s Luxury Property Show
10/13/2016 – citybizlist.com
Featuring Tim Davis
Book Lovers: Here are Five Hamptons Home Libraries to Swoon Over
9/26/2016 – Curbed
Featuring Tim Davis “Listowel” estate listing in Water Mill
Water, Water Everywhere – Deciding Between Living on the Ocean or the Bay
9/15/2016 – Hamptons Cottages & Gardens
Featuring Robert Murray and Meredith Murray’s listing at 11A Dune Road, Quogue; Tim Davis’ listing at 1320 Flying Point Road, Water Mill; and Gary DePersia’s sale on Further Lane in Amagansett, The Hamptons.
Is It Time To Prepare For Another Kardashian Hamptons Take Over?
9/14/2016 – Hamptons.com
Featuring Tim Davis’ active listing at 408 First Neck Lane, Southampton
Is Rob Kardashian Leaving L.A.? Star Teases with Pic of $65 Million Hamptons Mansion
9/13/2016 – People
Featuring Tim Davis’ active listing at 408 First Neck Lane, Southampton
Real Estate Agent Shoots Down Rob Kardashian’s Claim He is Trading in His Lifelong Home in California for a $48 Million Mansion in The Hamptons
9/13/2016 – Farrah Gray
Featuring Tim Davis’ active listing at 408 First Neck Lane, Southampton
Real Estate Agent Shoots Down Rob Kardashian’s Claim He is Trading in His Lifelong Home in California for a $48 Million Mansion in The Hamptons
9/13/2016 – Daily Mail
Rob Kardashian has claimed he is set to move out of his California home
Rob Kardashian Says He Purchased This $48M Hamptons Mansion
9/13/2016 – Curbed
Featuring Tim Davis’ active listing at 408 First Neck Lane, Southampton, The Hamptons
Are Rob Kardashian and Blac Chyna Really Moving to a Mansion in New York?
9/13/2016 – Entertainment Tonight – ETOnline
Featuring Tim Davis’ active listing at 408 First Neck Lane, Southampton, The Hamptons
Rob Kardashian’s Alleged New Hamptons Home Has an Intriguing History of Its Own
9/13/2016 – People
Featuring Tim Davis’ active listing at 408 First Neck Lane, Southampton, The Hamptons
Rob Kardashian Announces A New Move Away From California — Is The Reality Star Really Packing Up?!
9/12/2016 – Perez Hilton
Featuring Tim Davis’ active listing at 408 First Neck Lane, Southampton, The Hamptons
Broker Poo-Poos Rob Kardashian’s Real Estate Dreams
9/12/2016 – Luxury Listings NYC
Featuring Tim Davis’ active listing at 408 First Neck Lane, Southampton, The Hamptons
Rob Kardashian Claims He’s Leaving California!
9/12/2016 – Radar Online
Featuring Tim Davis’ active listing at 408 First Neck Lane, Southampton, The Hamptons
The Build of “Field of Dreams”, Completion Date October 2016
9/11/2016 – KDHamptons.com
Featuring Tim Davis and Pam Jackson’s listing at 39 West Pond in Bridgehampton, The Hamptons
Five Homes for Sale with Formal Gardens
9/10/2016 – Financial Times
Featuring Tim Davis & Peter Huffine’s Mecox Bay Waterfront listing in Water Mill, The Hamptons.
*****
Listowel, Water Mill, Mecox Bay, New York, US, $40m
Where In the waterside hamlet of Water Mill in the Hamptons. JFK airport is 35 minutes by helicopter.
What A 12,000 sq ft, shingle-style house, built in 2008. The property has five bedrooms, a two-storey library, pool and private jetty on Mecox Bay.
Why Wave goodbye to florist bills. The seven-acre grounds, designed by US landscape architect Quincy Hammond and inspired by the likes of Gertrude Jekyll and Harold Peto, include a cut flower garden stocked with large groupings of white catmint, German irises, phlox, lilies and peonies. Five varieties of white roses grow in a separate sunken garden.
Realty Check: Hot Sales and Listings – Lakefront Masterpiece
9/6/2016 – Hamptons Real Estate Showcase
Featuring Tim Davis and his listing at 408 First Neck Lane, Southampton, The Hamptons (Page 42)
6 Hamptons Estates Perfect for True Golf Enthusiasts
9/1/2016 – Hamptons Magazine
Featuring Tim Davis’ listing at 939 Scuttlehole Road, Bridgehampton, and Tim Davis and Gary DePersia’s listing at 9 Olde Town Lane, Southampton
Underground and Over the Top in the Hamptons
8/28/2016 – The New York Times
Featuring Gary DePersia and his listings at 23 Luther Drive in Water Mill and his listing with Tim Davis at 9 Olde Towne Lane in Southampton, as well as Randi Ball and her listings at 93, 99 & 101 Three Sisters Lane, Amagansett, The Hamptons.
Two years ago, Sheraton Kalouria bought more than a third of an acre in East Hampton Village, planning to build a second home with plenty of room for visiting family and friends. But with an odd-shaped lot and setback constraints, there was only one way to build a house that was as big as he wanted: Dig down.
A good portion of the house is hidden underground. Beneath a two-story contemporary completed in June is a 1,500-square-foot basement with 12-foot ceilings that includes two guest rooms with en-suite baths and a screening room.
“It’s sort of necessity breeding invention,” said Mr. Kalouria, a television executive who spends most of his time in Los Angeles. Though he started the project as a single person, Mr. Kalouria has since met Gary Bradhering, a private equity investor, and the two plan to start a life together. They have decided to share Mr. Bradhering’s house in Amagansett and to sell Mr. Kalouria’s custom-built home at 11 Muchmore Lane, with a list price of$4.875 million. “The address gave us a lot to live up to,” he said. By going big on the basement, he said, “I think we achieved it.”
In the Hamptons, stricter building codes and rising real estate prices are forcing home builders underground. In the last 14 months, the Villages of Southampton, Sag Harbor and East Hampton have all amended zoning codes to limit the size of homes. Since space below ground level is not counted in the overall square footage, burrowing down is a way to get more house for the money — or if you’re selling, to help justify the price. And as basements get bigger, owners are filling them with over-the-top amenities, including wine cellars, home theaters, spas and bowling alleys.
Gary DePersia, an associate broker with the Corcoran Group, is marketing two Hamptons homes with two-lane bowling alleys in the basement. One is a $13.9 million mansion in Water Mill that also includes a bar, a home theater and a slot car racing track below grade; the other, which he is selling with a colleague, Tim Davis, is a $39.5 million 15,500-square-foot estate in Southampton with an additional 6,000-square-foot basement with a theater, a gym, a full bar and billiards.
“You’re not allowed to call them basements anymore,” said Jeffrey Collé, a custom home builder, who recently completed a 12,500-square-foot house with a bedroom, a wine cellar, a home theater, a gym, a sauna and a steam room encompassing 5,000 square feet below grade in the Hamptons. “You can only call them lower levels.”
Unlike the dark, musty rec rooms of previous generations, many of these expansive subterranean levels have soaring ceilings, hardwood floors and large window wells that are dug outside below-grade windows to bring in air and sunshine, and create a legal bedroom with egress. High-end finishes match those found upstairs. And large patios dug out of the land around one side of the basement and framed by retaining walls allow for a wall of French doors that can afford an indoor/outdoor feel.
“You don’t have a feeling like you’re underground,” said Mr. Collé, who has built basements with ceilings as high as 16 feet. “These are open, airy spaces.”
That airy feeling underground was what Josh Guberman was going for when he bought a tear-down house perched on a steeply sloped acre in Southampton Village last year; it had been listed for $2.995 million with Matthew Breitenbach of Douglas Elliman Real Estate.
“The property was graded at such a high pitch, I was able to get a lot of light and air to the new basement,” said Mr. Guberman, a real estate developer who lives in the Hamptons with his wife, Meggan. He generally spends more per square foot on basements, including excavation and stone work, than on the upper floors, he said. “I’m very passionate about it.”
The last home he built for himself, a nine-bedroom in Bridgehampton, had a 1,200-bottle wine cellar, a fitness center with a wet bar, bath and sauna, and a professional screening room on the lower level. In his new place, a wall of glass in the gym and the family lounge looks out at a lower-level patio with a Japanese maple tree and a stone staircase that leads to the backyard, pool and tennis court beyond. Three lower-level bedrooms face a small courtyard with stacked stone walls lined with hydrangeas.
There are also a glass-enclosed wine room, a steam room, and a nine-seat home theater, which his family uses on a daily basis. “The kids are in the rec room or I’m down there grabbing bottles of wine,” he said. “We’re watching movies and hanging out. It’s an important integrated space.”
Finished basements have long been a cost-effective way to increase living space, but builders in the Hamptons say increased restrictions have kicked the trend into high gear.
“The square-footage allowance on a lot of the lots out here is tight, and the demand for bigger and bigger houses was increasing,” said Peter Sabbeth, the founder of Modern Green Home, a construction firm based in Bridgehampton. “The obvious place to give people that square footage was below ground.”
As with any basement, the water table plays a role in how deep a builder can dig down. But advances in building techniques have also improved waterproofing. For example, Modern Green Home uses pre-cast concrete walls, guaranteed to prevent water infiltration and moisture build-up. “We used to spend maybe $5,000 to $10,000 to waterproof a basement,” Mr. Sabbeth said. “Now we spend $50,000 to ensure all these luxuries are safeguarded.”
The company just finished three houses with pools, ranging from $4.5 million to $5.25 million, on Three Sisters Lane in Amagansett, which are being marketed by Randi Ball of Corcoran. Each has a large lower level with a gym, a wine cellar, a bedroom with an en-suite bath, and a movie theater that can seat 15 people.
“The longer the list of the amenities, the better,” said Diane Saatchi, an associate broker at Saunders & Associates, which has offices throughout the East End of Long Island and has sold homes with finished basements even under the pool house. “When there’s a lot of stuff underground, there’s a real feeling that you’re getting a lot for your money.”
The trend has been playing out not just in the Hamptons, but also in cities like New York and London, where prices are high and zoning restrictions can limit building size. In Central London, the “mega-basements” phenomenon got so out of hand, with proposals for multiple stories underground and lower levels extending out under the yard to house pools and cinemas, that the boroughs of Kensington and Chelsea limited the size and depth of these expansions last year.
The Village of East Hampton followed suit last year, amending its zoning code so that no part of a lower level extends beyond the exterior wall of the first story. And in case anyone gets the idea of building a double-height basement, the code now limits them to no more than 12 feet below natural grade.
Still, homes in other places continue to push the underground envelope. Michael Davis, a luxury home builder and designer, recently completed a custom estate in Bridgehampton with a tunnel that runs under the yard to connect the lower level in the main house to a gym below the pool house. The house’s 5,082-square-foot lower level has a bunk room, a playroom and a golf simulator room.
These connections, Mr. Davis said, “create a feeling of a compound” without the exterior of a huge mansion. “People don’t have to have as big a house as they might need if they can put a whole bunch of rooms in the lower level,” he said.
At the high end, where sales are beginning to soften, a tricked-out basement can also help justify the price. “You’re paying a tremendous amount for these small lots,” said Timothy Kelly, an agent with Douglas Elliman, who is handling Mr. Kalouria’s listing on Muchmore Lane in East Hampton Village. The additional space the lower level provides, Mr. Kelly said, “allows you to get the square footage number you need to justify the house on the lot.”
To stay competitive at the high end, “you absolutely have to build out the basement,” said Susan Cohen Sichenzia, a developer who is constructing a house at 56 Hedges Lane in Amagansett with an underground spa that has a built-in massage table, teak walls, and a sauna and steam room.
“People like to invite weekend guests,” she said. “They need a lot of weekend space. That’s the whole point of having the house — to entertain.”
Copyright © 2016 The New York Times Company. Reprinted with Permission. Daniel Gonzalez/The New York Times.
At-Home in Atterbury with Bryan Eure & Bill White
8/24/2016 – KDHamptons.com
Featuring Tim Davis and Thomas Davis’ listing at 42 Oceanview Drive, Southampton, The Hamptons
In Southampton, an Outdated Beach House Becomes a Stylish Cottage
8/3/2016 – Mansion Global
Featuring Tim Davis and Thomas Davis’ listing at 42 Oceanview Drive, Southampton
Bill And Hill Clinton Might Sleep Here
8/2/2016 – 27 East
Featuring Tim Davis and Thomas Davis’ listing at 42 Oceanview Drive, Southampton
A Hamptons Mansion With Political Connections Has Hit The Market
7/30/2016 – The Real Deal
Featuring Tim Davis and Thomas Davis’ listing at 42 Oceanview Drive, Southampton
Southampton home, to host Hillary Clinton, listed for $5.95M
7/29/2016 – Newsday
Featuring Tim Davis and Thomas Davis’ listing at 42 Oceanview Drive, Southampton, The Hamptons
The New Open House: 42 Oceanview Drive
7/29/2016 – Hamptons Cottages & Gardens
Featuring Tim Davis and Thomas Davis’ listing at 42 Oceanview Drive, Southampton, The Hamptons
The Big Deal: 137 Pond Lane
7/29/2016 – Hamptons Cottages & Gardens
Featuring Tim Davis’ 15.3 acre multi-lot listing at 137 Pond Lane, Southampton, The Hamptons
This Clinton Hamptons Party House Can Be Yours For $5.95M
7/28/2016 – The New York Post
Featuring Tim Davis and Thomas Davis’ listing at 42 Oceanview Drive, Southampton
A Summer Place: 42 Oceanview Drive, Southampton
7/27/2016 – New York Spaces
Featuring Tim Davis’ listing at 42 Oceanview Drive, Southampton
Inside the Waterfront Home of Hamptons Mega-Broker Tim Davis
7/26/2016 – Hamptons Cottages & Gardens
Featuring East End agent Tim Davis and his Hamptons home
A Hamptons Mansion Designed by Randy Kemper and Tony Ingrao
7/24/2016 – NBC 4 New York
Featuring Gary DePersia and Tim Davis’ listing at 9 Olde Town Lane, Southampton
Top 5 Southampton Homes for Sale with Epic Pools
7/18/2016 – Dan’s Papers
Featuring Tim Davis’ listing at 60 Herrick Road, Southampton, The Hamptons
A Handful of Headline-Grabbing Hamptons Rentals are Still Available for August
7/15/2016 – Hamptons Cottages & Gardens
Featuring Tim Davis’ magnificant oceanfront estate rental listing in Southampton, The Hamptons
Parrish Landscape Pleasures
7/14/2016 – Hamptons Cottages & Gardens
Featuring Tim Davis and his listing at 137 Pond Lane, Southampton
Hamptons Land Prices Still Soaring
7/1/2016 – The Real Deal
Featuring Tim Davis’ listing at 167 Fowler Street, Southampton
The Hamptons Summer Rental Market Is Running Hot And Cold
7/1/2016 – The Real Deal
Featuring Corcoran as the top East End brokerage by listings, as well as Susan Breitenbach, Tim Davis, and Gary DePersia.
Hamptons Market Report Special Issue Rankings
7/1/2016 – The Real Deal
Featuring Corcoran as the top East End brokerage by listings, as well as Susan Breitenbach, Tim Davis, and Gary DePersia.
Selling the Hamptons: The Corcoran Group
6/30/2016 – Avenue on the Beach
Featuring East End agents Susan Ryan, Debbie Brenneman, Ernie Cervi, Gary DePersia, Charlie Esposito, Tim Davis, Susan Breitenbach, Mary Slattery and Mala Sander (pages 134-135)
A Luxurious Lifestyle: Inside Gardenside Southampton
6/30/2016 – Hamptons.com
Featuring Tim Davis’ sale at 77 Ox Pasture Road, Southampton
A Luxurious Lifestyle: Inside Gardenside Southampton
6/30/2016 – Hamptons.com
Featuring Tim Davis’ sale at 77 Ox Pasture Road, Southampton
Parrish Art’s Landscape Pleasures To Honor Jack deLashmet
6/6/2016 – Hamptons.com
Featuring Tim Davis and his listing at 137 Pond Lane, Southampton, The Hamptons
Garden Tours, Landscape Symposium On The Horizon
6/6/2016 – 27 East
Featuring Tim Davis’ listing at 137 Pond Lane, Southampton
Former estate of John Randolph Hearst for sale: $59M
5/16/2016 – Newsday
Featuring Tim Davis’ listing at 137 Pond Lane, Southampton
The 5 most expensive houses for sale in the Hamptons
5/15/2016 – The Real Deal
Featuring Susan Breitenbach’s listing at 42 Old Montauk Highway and Tim Davis’ listings at 939 Scuttlehole Road and 137 Pond Lane
$29.5M Southampton Estate, with Bay Views, Borders Preserve
5/3/2016 – Newsday
Featuring Tim Davis’ listing at 595 Captains Neck Lane, Southampton, The Hamptons
Hamptons Real Estate Scene: $2.5 Million Rental, A-List Listings and More
4/20/2016 – Dan’s Papers
Featuring Tim Davis’ “.5M Southampton rental listing; Seth Madore’s Shelter Island rental listing; and Susan Breitenbach’s sale listing at 42 Old Montauk Highway, Montauk, The Hamptons
Top 5 Homes for Sale in Montauk
4/14/2016 – Dan’s Papers
Featuring Susan Breitenbach’s listing at 42 Old Montauk Highway and Tim Davis’ listing at 14 Maple Street, Montauk, The Hamptons
Three Pricey Hamptons Homes
4/12/2016 – News 12 Long Island
Featuring Elaine Stimmel’s listings at 141 & 145 Sayres Path, Wainscott; and Tim Davis’ listing at 595 Captains Neck Lane, Southampton, The Hamptons
Southampton Estate with Perfectly Manicured Lawn Seeks $59 Million
4/8/2016 – The Wall Street Journal
Featuring Tim Davis’ listing at 137 Pond Lane, Southampton, The Hamptons
Five Homes Ideal for Golf Enthusiasts
4/1/2016 – Financial Times
Featuring Tim Davis’ listing at 939 Scuttlehold Road, Bridgehampton, The Hamptons
Top 5 Waterfront Homes with Pools in Sag Harbor
3/17/2016Source: Dan’s Papers
Featuring Tim Davis’ Bayfront listing, and Jack Pearson & Cee Scott Brown’s listing at 178 Redwood Road, Sag Harbor, The Hamptons
Hamptons: Three Ponds Farm
3/7/2016 – Luxury Listings NYC
Featuring Tim Davis’ Three Ponds Farm listing at 939 Scuttlehole Road, Bridgehampton, The Hamptons
Hamptons Rentals for $2.5M and Under
2/11/2016 – Newsday
Featuring Tim Davis’ Oceanfront mansion rental on Shinnecock Bay, Southampton; and Gary DePersia’s listing at 18 Bay View Court, North Haven, The Hamptons
Hamptons Rental Season Starts Early
2/7/2016 – The New York Times
A nine-bedroom beachfront house in Southampton is being offered as a full-season summer rental for $2.5 million. Credit Corcoran Group [Tim Davis]
Although some early birds can be counted on to buck the trend, most people seeking summer rentals in the Hamptons tend to start their search around Presidents’ Day weekend in mid-February, real estate agents say. But inquiries for the summer of 2016 started coming in much sooner, some as early as October and November of last year.
“People were decisive about renting a solid three months before normal,” said Andrew Saunders, the president of the real estate firm Saunders & Associates, which handled more than 500 rentals in the Hamptons last year.
Balmy fall temperatures, which continued off and on into December, helped jump-start the rental season, brokers said, as more New Yorkers found themselves driving out to eastern Long Island for a weekend getaway well into late fall.
“I think people were already out here for other reasons because the weather was so good,” said Erin Keneally, an agent in the Bridgehampton office of the Corcoran Group. “So they killed two birds” with one stone, she said, “by looking for a summer rental and hanging out with friends.”
Another view of the Southampton house. Credit Corcoran Group [Tim Davis]
Ms. Keneally said it was much easier to show homes when there is little snow or freezing temperatures, especially if their pools have not been covered yet or the outdoor furniture taken in. So far, she has doubled the number of early bookings compared with previous years, she said, without providing specific numbers.
The weather was not the only factor. Anxiety over terrorist attacks in Europe made some repeat renters, especially those who work on Wall Street and keep close tabs on global news events during the trading day, nervous about spending time overseas. These travel concerns also may have helped fuel the early start, Mr. Saunders said. Many high-end homes with leases of $200,000 to $400,000 for a full season have been snatched up earlier than usual, he added. Inventory, though, remains good, with hundreds of homes available in that price category.
Jonathan Davis, an agent at Compass, said he found it rather odd when a client called him in November asking for a full-season rental, which covers Memorial Day through Labor Day. The client, a hedge fund manager who is married with three children, had always rented a home in East Hampton for the month of July, and usually took off for France in August.
“When I asked my client why he was changing his usual plan, he said he was nervous about taking his family to France,” especially after the November terrorist attacks in Paris, Mr. Davis said. “I don’t blame him; I feel nervous about going to Europe, too,” he added. The client leased a five-bedroom East Hampton home for $250,000 for the full season.
Nicholas Colas, the chief market strategist for the Manhattan brokerage firm Convergex, said most Wall Street professionals don’t take much vacation, so when they do, they try to make it count.
“With parts of Europe battling all kinds of things — a weak economy, a migrant crisis and terrorist attacks — there’s a lot of concern on Wall Street about security and the political climate,” said Mr. Colas, who is the author of a Hamptons summer rental report that takes a look at the fortunes of those who work on Wall Street and how they affect the high-end rental market on the East End of Long Island.
“From what I sense at work and in the Hamptons, security concerns are trumping foreign exchange rates,” added Mr. Colas, who has had a home in Southampton for about 20 years. He noted that when the dollar is stronger than the euro, or close to its value, as it is now, it is less expensive — and normally more attractive — for American vacationers to head to Europe.
A December report by the CMO Council, a global executive network, along with the GeoBranding Center and AIG Travel, found that of more than 2,000 prospective travelers in an online survey, most of whom lived in North America and Europe, one out of four had altered travel plans in the past year because of safety and health concerns. Of this group, 83 percent said terrorist activity was their main reason for avoiding certain areas, while 49 percent feared military conflict or fighting.
“I think the fear of travel is more than anecdotal,” Mr. Saunders said. “People are concerned about getting on a plane and going to France. Not since post-9/11 have I heard so much concern about safety.”
Meanwhile, the prices of Hampton homes, both for sale and for rent, have rebounded since the recession. The average sales price of a Hamptons home was $2.38 million for the fourth quarter of 2015, up 15.6 percent from the $2.06 million for the same period of 2014, according to the latest report from Douglas Elliman Real Estate.
Rental figures are hard to analyze, because the Hamptons real estate market does not have a centralized data management system. Mr. Colas estimated that the median asking price for a Hamptons rental in 2015 was about $45,000 for the full season, unchanged from 2014, but up by about $10,000 from five years ago. More significantly, as of Feb. 4, seven homes were listed on Hamptons Real Estate Online for $1 million or more for a full season and one nine-bedroom home in Southampton was asking $2.5 million for the season, figures unheard-of just three years ago. Eight homes were asking $1 million or more either for the month of July or for August through Labor Day.
The Hamptons market largely mirrors regional trends, but price increases there are also linked to the performance of Wall Street. And in the last five years, money made from deferred Wall Street bonuses that flowed into the Hamptons market was a huge factor, Mr. Colas said.
After the recession, many financial institutions asked their employees to take company stock instead of cash bonuses, which they couldn’t sell for a few years, dampening the Hamptons real estate market until 2011. Setting aside recent stock market volatility, this action turned out to be a windfall for those employees, because shares of bank stocks have been strong since the end of the recession, Mr. Colas said. As of Feb. 3 the KBW Nasdaq Bank Index had risen about 13 percent over the last five years.
“When Hamptons real estate, which has such a limited supply when compared to Manhattan, saw all the liquidity from money made from deferred bonuses, prices went higher,” Mr. Colas said.
Beate V. Moore, an associate broker in the Bridgehampton office of Sotheby’s International Realty, said rental inquiries so far have been about the same as in previous years. But she was happy to be able to rent out a seven-bedroom home in Sagaponack last fall for $400,000 for Aug. 1 through Sept. 15.
“It’s an unusual rental because the home is off the water and doesn’t have a tennis court,” she said. “Many of my high-end clients always want to upgrade from what they had the previous summer, so they start early.”
Marcy Bloom, a publishing executive who lives in Manhattan, is feeling the pressure to find a suitable summer rental. After looking to buy a summer home in the Hamptons for the better part of last year and not finding one to her liking, in December Ms. Bloom called the owner of her previous rental in Water Mill, N.Y., to see if she could lease it for the summer.
To her dismay, the five-bedroom home had already been rented to someone else.
“I was devastated,” Ms. Bloom said. “I was absolutely in love with that house.”
Now, she added, “I keep swinging back and forth between searching for sales and rentals, but I know I need to move quickly.”
Copyright © 2016 The New York Times Company. Reprinted with Permission.
Hamptons Summer Rental’s Record-High Price Tag
2/4/2016 – Newsday
Featuring the Q4 2015 East End Corcoran Report, Tim Davis’ Oceanfront Estate listing, Southampton; and Gary DePersia’s listing at 18 Bay View Court, North Haven
Realty Check
2/4/2016 – Hamptons Real Estate Showcase
Featuring Tim Davis’ listing at 700 Meadow Lane, Southampton
Listing of the Day: A Stately Mansion in Southampton
2/3/2016 – Mansion Global
Featuring Gary DePersia and Tim Davis’ listing at 9 Olde Town Lane, Southampton, The Hamptons
Hamptons Home Prices Set Record as Buyers Grab $5 Million Homes
1/28/2016 – Bloomberg
Featuring East End Regional Senior Vice President Ernie Cervi, the Q4 2015 East End Corcoran Report, and Tim Davis’ sale at 28 Gin Lane, Southampton, The Hamptons
Living Large: Southampton House
1/22/2016 – CBS 2 New York
Featuring Gary DePersia and Tim Davis’ listing at 9 Olde Town Lane, Southampton, The Hamptons
Most expensive homes for sale in Suffolk County
1/10/2016 – Newsday
Featuring Tim Davis’ Villa Maria at 51 Halsey Lane, 28 Gin Lane & Squabble Lane listings in The Hamptons
Forbes’ 2015 most expensive ZIP codes on Long Island
1/5/2016 – Newsday
Featuring Susan Breitenbach’s Parsonage Lane listing, Sagaponack; Tim Davis’ listing at 60 Herrick Road, Southampton and a Corcoran listing in Bridgehampton, The Hamptons
