Hamptons Real Estate: My Dream House or Yours?

It was once but a dream of mine to own a house in the sunny Hamptons. Believing this garden veiled at the end of an island to be reserved for the privileged elite, pretty movie stars and powerful Wall Street men who come to escape the hustle and sound of city life. But this garden isn’t just a biblical image; it is attainable in this life. On this side of paradise it is town and country. Silk soft sand that leads into lively old-fashioned towns, giving way to tree-lined roads surrounded by sprawling green lawns with meticulous landscapes, secluding houses of all stature, some larger than others, but none more of a home than the next.

“I don’t think we have to convince people to come out here…the Hamptons are internationally known,” says Judy Desiderio of Town & Country Real Estate. “We have raw natural beauty, world renown beaches, proximity to New York City,” so why not find your dream home in the Hamptons?

Judy Desiderio has a slew of houses that represent what my dream house would and could be.

A sprawling modern house overlooking Gardiner’s Bay in secluded Springs, East Hampton will bring me tranquility. A spacious house with four bedrooms, a relaxing fireplace, and room for a pool is an ideal home to begin my family. For $3,449,000 this house could be my dream come true. If I can manage to put down $862,250 (25%) at a 4.5% rate, I can move in paying $13,107 a month for the subsequent 30 years (numbers subject to many factors). Did I tell myself this house has access to a private guarded beach and stunning vistas? But what is the price for a dream home?

A blue Bridgehampton beauty is a little more affordable. Residing near the spirited town of Bridgehampton with its small, quaint shops and restaurants, this house is in an ideal location. At an asking price of $1,395,000, this house is well within the budget of my dream. With 25% down, $348,750, at a 4.5% rate, my dream can come true for a reasonable $5,301 a month over the next 30 years. This pristine Post Modern home is perfectly situated on a lush, green landscape that leaves the house well shaded in the summer, but open to ocean breezes, with a quiet front porch on which to happily spend my Sunday afternoon hours.

A traditional approach may work. I always wanted a quiet, comfy house, with fortifying landscapes and a sprawling yard for the family and dog. I discovered a wonderful candidate home in familiar Westhampton Beach. Situated on over 2.3 acres that could be my own green, burgeoning countryside, bordered by my creek-front view, this could be my escape. Figuring on the numbers if I were to put down 30% of the total asking price of $2,750,000, this Westhampton beauty could be mine for $9,754,000 a month (numbers subject to many factors). Anywhere in Westhampton Beach is in walking distance from the beach and the shops down on Main Street. A small town with a strong sense of community is a great place to call home.

But I have a lot of competition for these treasure houses. “We have a huge audience for out here… people come here internationally for all our different assets,” reminds Desiderio. There are only a handful of places in the world that can offer what the Hamptons hold. An epitome of what the American society could be, this is the dream setting for any dream home.

Note to reader: All numbers discussed in this article were affected by many factors and are subject to rapid change.