East Hampton, NY

East Hampton is a small town on Long Island that has been known for its luxury real estate since the 1920s. The town is located on the eastern end of Long Island and is bordered by Southampton to the south, East Hampton Village to the west, and Amagansett to the north. The population of East Hampton was 10,924 as of 2010.

The history of East Hampton's real estate can be traced back to the 1920s when wealthy New Yorkers began purchasing large tracts of land in order to build summer homes. Today, East Hampton remains one of the most expensive places in America to buy a home, with median home prices reaching $2 million.

One reason for East Hampton's high prices is its limited supply of land. Unlike other towns on Long Island that have developed around major highways or commercial areas, East Hampton is surrounded by undeveloped land. This makes it difficult for new homes and businesses to be built in East Hampton without infringing on someone else's property rights.

Another factor contributing to East Hampton's high real estate prices is its location. The town is situated on a peninsula that juts out into Long Island Sound, making it an easy destination for tourists who are looking for picturesque beaches and stunning views. In addition, many wealthy New Yorkers choose to live in East Hampton because it offers a more relaxed lifestyle than other parts of Manhattan or Brooklyn.

Despite these factors, there are still some affordable options available in East Hampton if you're looking for a starter home or an investment property. For example, median home prices in Amagansett are only $1 million compared to $2 million in East Hamptons Village and $3 million in Southampton Town Center.