From the Gilded Age to today, the Hamptons has remained a summer oasis for the super wealthy. Luckily, the recent pandemic has not hurt this vacation getaway. In fact, according to toptenrealestatedeals.com, many have flocked to the area in attempt to gain fresh air and privacy duing social distacning.
According to a recent report from Douglas Elliman, Hamptons home sales jumped 37% in 2020, and prices were up 40% to a median of $1.2 million. The area’s luxury real estate is being snapped up so quickly that very little is left on the market, but one recent sale has drawn particular interest.
According to the New York Post, the 42-acre estate of Henry Ford, II, which was priced at $175 million in 2017 and reduced later to $145 million, has recently gone under contract. The final sale price is expected to be one of the largest ever in the Hamptons and the United States.
