NYO spotlights the Hamptons, where real estate sometimes follows Manhattan trends, but has its own particular flavor as you move through the towns of the South Fork.
You might think that, less than a year after a cataclysmic coastal weather event like Superstorm Sandy, home buyers would be a little gun shy about purchasing properties near the ocean. But you would be—in the case of the Hamptons, according to the experts we consulted—wrong. The fact is that the Hamptons, unlike some communities in Long Island closer to Manhattan, largely escaped the wrath of Sandy, although some low-lying properties, like Jane Lauder’s cottage by the sea, were flattened. But by and large, the East End was spared and is drawing buyers who might have considered beach communities elsewhere. “Superstorm Sandy is attracting new people to the Hamptons,” says Ernie Cervi, Corcoran’s Executive Managing Director in Bridgehampton. “Where beach communities were devastated by the storm, those in search of a world-class beach resort are test-driving the Hamptons.” Read More