Real Estate News

Hamptons Real Estate by the Numbers: Fundrise, a Countess and the Week’s Big Deal

Investing in Hamptons real estate does not necessarily take the millions one might imagine. This week, we saw that, while millions can certainly land you some prime properties, you can get into the game for $100—just one of the numbers making news in the market…

$100: Smallest amount people can pony up for Fundrise, a crowdfunding company for investing in real estate. That doesn’t sound like much, but if you ask enough people you can get to…

$1 million: Amount Fundrise generated for its first Hamptons investment, a $3.25 million, five-bedroom, 3500-square-foot bayfront property in Westhampton Dunes. They could have spent a little less and gotten a home with some celeb cache for only…

$2.599 million: Asking price for Anderson Cooper’s 3600-square-foot, six-bedroom home Quiogue on Aspatuck Creek, down from $2.99 million but still not quite…

$8 million: Reported price that Countess LuAnn de Lesseps sold her 6,500-square-foot home to Hamptons developer Joe Farrell of Farrell Building—nearly $2 million less that she’d originally asked for the 2.2-acre Bridgehampton property when it was first listed. Curbed Hamptons reports that Farrell will tear it down and put up a home that could sell for two-and-a-half times the price. But if you’re going to spend $20 million, is that really all that far away from…

$75 million: Asking price for the costliest home on the market in the Hamptons right now, on the ocean at 33 Lily Pond Lane in East Hampton. If only it had sold last week, it could have been our Big Deal of the Week—the honor we designate upon the most expensive home sale reported in the Hamptons each week—which was…

$9,250,000: Sale price of 22 Gin Lane

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