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The Hamptons have been getting some star power lately, with Jennifer Lopez and Ben Affleck shacking up in J. Lo’s $10 million Bay Lane home in Water Mill, New York. The couple was spotted last week taking a lovely stroll in the Bay Lane neighborhood, just east of Southampton. Jennifer bought the 8-bedroom, 7.5-bathroom estate for $10 million in 2013, and many fans noticed the star was sprucing up the place ahead of Ben’s stay.
Former Yankee shortstop, Alex Rodriguez, is also in the neighborhood. Alex is renting a $5 million mansion a mile down the road from his ex-fiancée in Bridgehampton. With celebrity neighbors, the water-side region in Eastern Long Island is a hot commodity right now.
Though getting a place like J.Lo or Alex takes a hefty bank account, it does depend on where you buy. Here’s a look at other areas in the Hamptons.
Westhampton, New York
Known for its white sandy beaches and quaint village atmosphere, Westhampton is a hamlet in Suffolk County, New York with prime real estate for those looking to get away from the noise. Buyers will get a quiet abode by sea and a cute country home, all while maintaining the closest proximity to New York City than any other Hampton town.
So, what does it cost?
Westhampton has a small assortment of homes within its small borders, but each one seems to pack a lot of punch at a more modest price (compared to the Eastern side). With a budget of less than $600,000, a buyer can shack up in a 2-bedroom home in the center of town.
Unfortunately, $650,000 doesn’t include any more than the land. To get a house built on the property, hundreds of thousands more will need to be invested.
This region also has pre-built abodes by the sea, but those houses start running upwards of $1 million. One 4-bedroom house by the water is listed at $2.88 million, while another more premium real estate near the bay is listed at $6.5 million. There are still some more modest homes by the water which run from $1.5 million to about $4 million, but those will sacrifice bedroom space for a cheaper alternative by the sea.
Southampton, New York
To earn a space closer to J. Lo’s current house, buyers will need to look in the plentiful region of Southampton, which lies just between Water Mill and Shinnecock Bay. The houses here jump in price, though, with some hitting close to the $30 million mark (and one or two beyond that).
Land without a home in Southampton is listed anywhere from $350,000 to just under a million. Prebuilt homes, however, start jumping in price, with many in the center of the region running from $1.5 million to around $5 million. As buyers search closer to the water, the prices go up.
While anywhere in Southampton is within a mile of the beach, those with a perfect view of the Atlantic are listed for around $25 million, with a large range starting at $15 million and hitting up to $52.5 million. These houses have anywhere from four bedrooms to 11 and include impressive property lines. Bank accounts need to be plentiful to score a house here, but there are still some options if you go East.
East Hampton, New York
East Hampton is the farthest from New York City, but it’s also the most expensive out of the three we mentioned. If you intend, to drive from New York City leave on a Thursday and come back on a Monday. Friday and Sunday traffic is never-ending. Those with serious money consider helicopters or planes to go from NYC to East Hampton because they, of course, save a lot of time.
This region has plenty of listings for those with money to spend, with many waterside properties. Further down the road are beautiful state parks.
Prices here are comparable to that of Southampton, with the cheaper places in the center and the more expensive homes on the outskirts, but the beach. Most homes here are listed at around $1-3 million, with some outliers below that range, and quite a few that push the boundaries (like one $12.9 million home on a working farm with four bedrooms).
Once the buyer starts looking by the southern portion of East Hampton, that’s where $10-20 million-dollar units are sold. There are also a few multi-million-dollar properties listed, that seem large enough for huge developments, which could be a smart investment for real estate developers.
Looking for a house in East Hampton will probably run you more than the other two areas, though most of the properties are listed below $120 million and hover around the $2 million mark (unlike the many Southampton houses that push 20 and even $30 million).
To shack up alongside Jennifer Lopez and her new sweetheart, Ben Affleck, it’s going to take a lot of money. Cost-wise, buyers will need to spend at least $1 million on a new place, if not 4, or even $5 million on a spacious place on a decent-sized property. Unless you’re looking at the $52 million mega-listing on the south side of Southampton, you’ll likely spend anywhere from $1-10 million on a new home in the quiet villages East of New York City.