Douglas Elliman Celebrates a Record Summer Season on The East End

Douglas Elliman has reported an unprecedented sales volume in the Hamptons during the summer months of 2020. July through September, new signed contracts for single family sales rose sharply as they have been since the spring – often with more than double the prior year’s activity. New listings across all property types have been rising sharply due to high demand and condo new signed contracts are also continuing to see a significant year over year gain.

In July of 2020, Elliman recorded a staggering $307M in signed contracts – up from $74M in July of 2019. In August of 2020, Elliman recorded $313M in signed contracts – up from $89M in August of 2019. In September of 2020, Elliman tripled the written volume in contracts signed for the Hamptons for the third month in a row with a recorded $311M in signed contracts – up from $90M.

Just in August 2020 alone, single family new signed contracts in the Hamptons continued their torrid upward pace, hitting more than twice year ago levels marketwide, according to Elliman’s New York August 2020 New Signed Contracts report, authored by Jonathan Miller, president and CEO of Miller Samuel. There were 94 contracts signed in the $1M – $2M range, up 135% from 2019. In the $2M – $4M range, 85 signed contracts showed a 270% increase from 2019, while in the $4M – $5M range, 22 signed contracts showed an increase of a whopping 340% from 2019. Five contracts were signed contracts in the $10M – $20M range, up 150% from the previous year.

“We have never seen a busier Hamptons market than the one we experienced from April through Labor Day of 2020 and there appears to be no slowdown in sight,”—Todd Bourgard, Douglas Elliman’s Senior Executive Regional Manager of Sales for The Hamptons.

On the Market: $1-4M

Since the busiest segment of the market was, and continues to be within the $1-$4M range, we rounded up some of our very best on the market in this hot pocket:

4 Therese Ct.,$4,500,000 | East Hampton

According to Todd and other Elliman Hamptons brokers, the busiest segment of the market falls into the $1M-$4M range. 4 Therese Ct., located in East Hampton, is a perfect example near the 4M range that is currently on the market. It’s the first home for sale in a new development sub-divison called “Hook Mill Estates,” which is currently the only new dev in East Hampton Village.

61 Westwood Road, $3,999,999 | Wainscott

A completely renovated home with a large addition south of the highway in Wainscott. A turn key home with all the bells and whistles. Walk in and do nothing but enjoy the fireplace, the pool, the large entertaining kitchen and living area. This 4 bedroom and 6 bathroom house with 2 living rooms and a gourmet kitchen. French doors in both living spaces to the heated bunt pool area. Beautifully landscaped, private fenced yard. Conveniently located just a few minutes to world-class ocean beaches, and the restaurants, shops and cultural destinations of East Hampton and Sag Harbor villages. The farmstands of Sagaponack and Bridgehampton are also nearby.

46 Osborne Ln. $3,750,000 | East Hampton

This exquisite, award winning four bedroom three and a half bathroom modern home affectionately known as the Millhouse was designed and custom built by Martin Architects. The light-filled great room, with peaked eighteen foot ceiling, features a wood burning majestic fireplace as a centerpiece in the open living and dining layout. The state-of-the-art kitchen offers custom fabricated cabinetry by Henrybuilt and marble counter that opens to a fantastic heated salt water Gunite pool through a retractable wall of glass sliding doors. Professional landscaping throughout the property, modern and sleek finishes with custom design elevate the style of this sophisticated home. The detached studio off the rear patio is an ideal and secluded space to work from home or as a private gym. The lower level features 9 foot ceilings and has over 1000 square feet of buildable space to add additional bedrooms and bathroom. The village of East Hampton is found just down the road with a variety of shops and restaurants to choose from and a quick distance to famous Hamptons ocean beaches.

7 Koral Drive, $3,695,000 | Southampton

New Southampton stunning modern home with water views in Shinnecock Hills Southampton, this contemporary shingle home features 5-bedrooms and 4.5-bathrooms spread over two floors encompassing 3,500 square feet of space. The all-new construction was completed in late 2019 by the current owners who valued quality materials, energy efficiency, low-maintenance, and the proximity to New York City .Designed and situated to maximize the 0.62-acres of land and prime southern exposure, this home embodies the Hamptons beach aesthetic, modern European lines, and environmental responsibility.The long, steel-edged, gravel driveway lined with Maiden Dune Grass provides a grand entrance while maintaining privacy from the street. The tall and wide garage, built to accommodate a car-lift, creates a unique double-roofline evoking a modern minimalist barn house. Alongside, the matte-marble walkway and stucco railing lead up to the covered breezeway that connects the garage to the front door – anticipation is peaking as the front door opens.You are immediately greeted by 10-foot ceilings and gorgeous, seven-inch wide, White Oak floors; turn the glass-on-glass corner and revel in the spacious, open-plan living room and kitchen with light pouring in from floor-to-ceiling sliding glass doors that line both southern and western exposures of the house. Step out onto the massive wrap-around marble terrace for access to the pool down extra-wide steps perfect for bare-feet thanks to the light-colored, matte marble staying cool in the midday sun and slip-free when wet. To the west, a large covered patio with built in electrical heaters is the perfect place to dine alfresco – sunsets here are not to be missed!

189 Water Mill Town Road, $2,995,000 | Watermill

A clean and bright reprieve where Hamptons beach, horse, farm and wine country merge. This new house is tastefully decorated with stunning art, full of light and space. An open floor plan on the main level with Great Room and large Dining Area along with a gorgeous New Kitchen that will wow any cook. There is a Private Home Office which is perfect for anyone looking to get business done. The Master Bedroom includes a heated floor marble bath, huge walk-in closets and a private covered porch. There are three additional bedrooms and three additional baths. 9′ and 10′ ceiling heights throughout this gorgeous home including a finished basement along with 4 covered porches, Green Technology Hydronic Heating System, heated gunite pool, extensive landscaping and manicured gardens are just a few of the many features this property offers. Just shy of an acre facing a private horse reserve, this home truly has it all at an incredible price which won’t last long.

26 Emerson Place, $2,795,000 | Sag Harbor

Traditional Hamptons style home situated on quiet cul-de-sac street located just minutes to Long Beach and Sag Harbor Village. Newly renovated 4 bedroom, 5 bath home with beautiful landscaped gardens and swimming pool situated on nearly one acre.

11 Nicholas Ct, $3,800,000 | Southampton

You dont want to miss out on this 6-bedroom, 6.5 bath, +/- 5,400 s.f. home with an open floor plan home & nestled on 2.2 acres. Its an ideal location within close proximity to Southampton village, beaches and world class golf courses.This luxurious home is designed for the comfort of discerning individuals who enjoy contemporary living. The eat-in chefs kitchen features top stainless-steel appliances including a Viking 6 burner gas range, Gaggenau refrigerator, two Miele dishwashers and a butlers pantry with a wine refrigerator.This home features an elegant living room with a wood burning fireplace perfect for cozy nights at home. The large, light filled dining area is cheerful and inviting. An additional living room is large enough to showcase a grand piano and perfect as a home entertaining area.There are six generously sized bedrooms with well-proportioned en-suite bathrooms. The home office is the perfect solution for todays work from home and home-schooling needs.The expansive outdoor area is a private oasis where you’ll enjoy a heated 40ft. saltwater pool, a tennis court with pavilion and a spacious deck area.

On the Market: Top New Listings

Beyond the $1-$4M range, these new properties include dazzling summer pools and lush manicured lawns—each with plenty of room to get away from it all:

103 Great Plains Road, $18,450,000 | Southampton

Rare opportunity in the desired Estate Section of Southampton Village with mature Olmstead landscaping, room for tennis, on 3.4 acres. This home features spectacular original designed mosaic tiling and a lavish skylight above the grand staircase. This home does not miss one ounce of detail from the formal dining room, a custom-built bar, oversized living room, two wood-burning fireplaces, wrap-around Ipe wood decking, newly installed Gunite pool, pool house. All of the 8 spacious bedrooms feature walk-in closets and en-suite bathrooms. The master suite is a perfect private room with everything one would need such as sitting room, his and hers bathrooms connected by steam room shower, multiple walk-in closets, and built-in wall units. The property features a detached three-car garage with a separate two-bedroom apartment perfect for staff or guests as well as a historic garage in the back of the property. The basement is unfinished but has potential with its high ceilings and elevator access from all three floors.

 

490 Hedges Ln, $16,950,000 | Sagaponack Village

James Michael Howard has done it again with this new masterpiece located south of the highway in Sagaponack near the ocean. Winner of the ICAA, the Institute of Classical Architecture and Art, or the Stanford White Award in 2017. This 2.3+/- acre property sports a brand new 12,000+/- sf mansion. Each room has its own unique charm and is decorated with antiques, art, and custom made rugs. There are a total of 7 bedrooms, 8 full baths, and 5 half baths. The main level is comprised of an amazing gourmet kitchen with all high end appliances which include but are not limited to a state-of-the-art La Cornue range that would fill any chef with envy. The great room features double height ceilings with wooden beam accents which connects to a comfortable sitting room. The west side contains a generous junior master, guest bedroom, and a library. The second story landing has a long sitting nook overlooking the great room. There are two en suite bedrooms to one side and a master suite wing to the other. The master has a private balcony as well as large dual baths. The lower level is completely finished and decorated to the same level of detail as the rest of the home. It has two more en suite bedrooms, an exercise room with a connected massage room, recreation room with a kitchenette off the side, and a spectacular home theater. The detail extends to the grounds, pool, pool house, and sunken tennis court. The landscaping is professionally done with specimen trees and meticulous detail. The pool house has two half baths, and a lower level lounge with a window looking into the pool. This James Michael Howard design is truly a high-end and one-of-a-kind home.

71 Pheasant Lane, $24,995,000 | Southampton

This magnificent approximately 11,000 square-foot Estate was designed by renowned Hamptons’ architects Fleetwood & McMullan. A prime example of Traditional Hamptons style with its peaked roofs, generous square footage, and spacious porches, the home was constructed to exacting standards inside and out by the award-winning Hamptonbuilder. Ideally located in Southampton’s exclusive Murray Compound, the home sits on nearly two stunning acres. The interior is a vision in luxury starting with an enormous eat-in chefs kitchen with Dornbracht finishes, top-of-the-line Sub-Zero, Wolf and Miele appliances, a custom island with Ceasarstone countertops, and one of the homes three fireplaces. The eight bedrooms and ten and a half bathrooms include a master suite featuring his-and-her bathrooms, a steam shower with THG finishes and walk-in closets. A breezeway connects the main house to the guest wing/poolhouse with three additional en suite bedrooms. The lower level includes amenities such as a gym, sauna and steam room, recreation game room, theater, wine cellar and elevator. Fully equipped with Smart Home technology, Lutron Lighting, geothermal heating and cooling, and Marvin windows and doors-no detail was overlooked. The amenities continue outdoors with landscaping designed by Dean Gomolka of WDG Designs. From the estate’s numerous patios and covered decks, overlook the impeccably landscaped grounds, 50 foot by 25 foot mirror infinity-edge heated saltwater gunite pool, spa, and sunken all-weather tennis court. This home is the epitome of Hamptons luxury.

214 Dune Road, $16,000,000 | Quogue Village

Having it all never looked so good. Solidly built and stunningly appointed, this custom oceanfront retreat is a study in elegance and discerning design. Sited on 1.4 protected acres directly on the Atlantic, the gated estate features an 8,038-square-foot main home, and approximately 103 feet of frontage, picturesque walkway to the ocean and sandy beach, sunrise and sunset views over the water, and an expansive deck with heated pool and spa. The premiere property also comes with gorgeous views of Penniman Creek and surrounding conserved land across Dune Road. Lovingly constructed with an eye for detail and with luxury touches throughout, the main residence features six en suite bedrooms and a total of eight-full-and-one-half baths, including a primary bedroom suite with double closets and baths and its own oceanfront balcony; a chef’s kitchen built for entertaining; and a pair of gas fireplaces. An accompanying complementary cabana-style guest cottage features a half bath, kitchen and outdoor shower. Additional noteworthy distinctions at the circa-2004 estate include exceptional structural integrity, extraordinary craftsmanship and a fortified beachfront dune.

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