The most expensive Hamptons home rentals for summer 2023
As affluent Americans head back to their favorite European destinations, summer rentals in the Hamptons are seeing a decline in demand. Instead of the traditional Memorial Day to Labor Day rental, people are opting for shorter durations, such as just the month of July or August. Scott Bradley of Saunders & Associates and Carol Levy, the broker and owner of 9 Mitchell Dunes Lane in Amagansett, have both noticed this trend among their clients.
Levy recently oversaw a top-to-bottom renovation of an oceanfront mansion in Amagansett. The 8,000-square-foot, seven-bedroom and seven-full-bath property is being offered as a short-term rental for $450,000 for the month of June. The property features 11-foot ceilings, walls of glass and a massive pool on a 4,000-square-foot deck.
Heading over to Water Mill, 70 Cobb Lane is the hottest rental for July. The 28,000-square-foot, 11-bedroom, 14-full-bathroom mansion is being offered for a whopping $1 million for the month or $2.5 million for the entire summer. This property wows with a basketball court, gym, bowling alley, movie theater, 350-bottle wine cellar, shark tank, and a tricked-out game room.
In Southampton, the oceanfront compound at 10 and 12 Fair Lea Road is calling for those in search of some downtime in August. This 19th-century abode features 13 bedrooms, 14 full bathrooms, a shingle-style four-bedroom guest house, a pool, and a great lawn. Douglas Elliman is offering this property for $650,000 for the month.
As the Hamptons continue to adapt to changing trends, short-term rentals offer plenty of luxury and amenities for those looking for a quick respite from the hustle and bustle of daily life.
FAQs:
Q: Why are full-summer Hamptons rentals in decline?
A: Affluent Americans are opting for shorter durations, such as just the month of July or August, and heading back to their favorite European destinations.
Q: What type of amenities can be expected at 70 Cobb Lane in Water Mill?
A: This property boasts a basketball court, gym, bowling alley, movie theater, 350-bottle wine cellar, shark tank, and a tricked-out game room.
Q: How much does a rental at 10 and 12 Fair Lea Road in Southampton cost?
A: This oceanfront compound can be rented for $650,000 for the month of August. It features 13 bedrooms, 14 full bathrooms, a shingle-style four-bedroom guest house, a pool, and a great lawn.
Top-Ranked Hampton Homes for Rent During Summer 2023 with the Highest Price Tags
As affluent Americans flock to European vacation spots like Capri, St-Tropez, Antibes, and Mykonos this summer, the trend for long-term Hamptons rentals is in decline. Instead, wealthy travelers are opting for shorter stays, with properties being rented out for just a month or two. Real estate broker, Scott Bradley of Saunders & Associates, has observed this trend and says, “The trend I’m seeing is that people are [staying for] shorter durations.” Luxury property owners have also noticed the shift, with Carol Levy of 9 Mitchell Dunes Lane in Amagansett stating that, “People feel more comfortable traveling, so yeah, all of the interest I have gotten for my property so far has been short term.”
Levy, along with her husband and eight children, recently completed an extensive renovation of their 8,000-square-foot oceanfront mansion, creating a private resort with 11-foot ceilings, walls of glass, and a massive pool. The property is now available for rent for the month of June at $450,000.
For those with deeper pockets, the Water Mill estate at 70 Cobb Lane is the hot rental of the summer, with an asking price of $1 million for just July, or a record-breaking $2.5 million for the entire summer. The 28,000-square-foot mansion boasts 11 bedrooms and 14 full bathrooms, along with amenities such as a movie theater, basketball court, gym, bowling alley, 350-bottle wine cellar, tricked-out game room, and a 750-gallon shark tank.
Another option for those seeking August downtime is the oceanfront compound at 10 and 12 Fair Lea Road in Southampton. The 19th-century, 11,380-square-foot property boasts 13 bedrooms, 14 full bathrooms, a pool, great lawn, and shingle-style four-bedroom guest house and is available for rent for the month of August at $650,000 through Erica Grossman of Douglas Elliman.