Rental Prices For Summer Digs In The Hamptons Are Higher Than Ever
Yet another effect of the recent pandemic, it appears, The Hamptons prices are higher than they've ever been before, per New York Post. The surge in prices wasted no time and began simultaneously as covid hit in 2020. According to Judi Desiderio, president of Town & Council Real Estate, the rental market went into a panic during this time, with people wanting to get out of the confines of the city. The moment schools closed down, everything began
However, two years after the virus surge, it's still just as equally hard to snatch a Hampton's rental prosperity. With inventory being limited and prices still at a record high, finding a place to vacation this summer is not going to be an easy task. However, there is always a silver lining. Demand for these homes has eased up a significant amount since the start of covid. According to associate broker Chris Covert, owners of these homes are staying put instead of traveling, where they once rented out their Hampton properties.
What you can rent
So, the big question here is, where can you rent? Luckily, New York Post has a few suggestions. The first is a recently built construction by Joe Farrell. Located at 678 Daniel's Lane in the Sagaponack area. The construction is still undergoing; however, it is near competition. The mansion-like home will feature seven bedrooms, a tennis court, an inground swimming pool, a gym, and a screening room. Furthermore, to add to all these luxuries, the beach is just a short walking distance away from this residence. Hoping to be available for the first time this summer, it will be available for rent at $475,000.
Another equally impressive listing is a home located at 34 Cobb Hill Lane in the Water Mill area. Sitting on over two acres of land in its own private cul-de-sac, the house is around 10,382 square feet in size. The outside of this home is just as spacious, with a few thousand square feet provided for outdoor entertainment. The interior of the home consists of eight bedrooms, seven bathrooms, a sauna, a private gym, and a wine cellar. Meanwhile, amenities outdoors consist of a pool, a pool house, and a guest house. This home can be booked from the end of May to the beginning of September at $950,000 or at $1.2 million for the whole year.