Where is the best place to buy in the Hamptons?

Kristina
Home Buyer

We are looking to buy a vaction property in the hamptons, but would like the option to be able to rent it. We liked the idea of Quogue/East Quogue since its a bit closer to NYC...any opinions? What are the pros/cons? How are the public beaches? Our budget is $1MM or less preferably!

Answers (2)
Richard Rawdin
Agent
Southampton, NY

The Hampton's are a great investment opportunity at this time. Your selection of fine properties is at an all time high right now,due to the mortgage debacle.Talking about location,as long as you stay west of the Shinnecock Canal,your commute is better than going further east.The beaches are just fantastic.You dollar will go a loner way in Hampton Bays,rather than Quogue or East Quogue.The inventory levels are high right now, so the choices are numerous.You will get the most house for your money in Hampton Bays.I am an 11 year resident of Hampton Bays, and my wife and I love where we live. A private one way in,one way out community surrounded by 700 acres of Parkland,we do not even see our neighbors homes during the summertime.It's a great place to be. Visit my website and feel free to contact me in regards to your purchase. Thank you in advance. Rich

Mon Mar 10 2008, 07:24
Bill Carroll
Broker
Westhampton Beach, NY
FIRST ANSWER

Geographically, The Hamptons are considered the southern edge of the South Fork of Long Island running as far west as Remsenburg all the way east to East Hampton. The "easy commute" Hamptons would usually be considered Remsenburg, Westhampton, Westhampton Beach, Quiogue, Quogue,East Quogue and Hampton Bays.Moving East from Hampton Bays, There are only two arteries of traffic and they have been known to clog quite severely in the summer months.
Although Quogue and East Quogue border each other, there is a marked difference in property values between the two. Living accomodations, tax base, house age/size,rental income dollars, and appreciation rate are all considerations.In fact, all the vilages and towns I mentioned will vary to some degree. They all, however enjoy the same stretch of beautiful Dune Rd. ocean beaches. The public beaches here can only be described as superb.
When buying a home that may in the future be used as a rental property, the things to be considered are proximity to the beaches, number of bedrooms and baths, inground pool, and tennis court to mention a few.

Sat Jan 26 2008, 22:37

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