The Cheapest Place to Buy a House in the Hamptons

Summer house

In a market dictated by the whimsy of the grossly rich, parsing real value is tough—but not impossible.

August 20, 2018
James Tarmy - Bloomberg

Figuring out how much a home is worth in a vacation destination is often an uphill battle.

Whereas normal property markets have prices that are tied closely to square footage, size of a lot, quality of a building, and its proximity to basic services, many of those calculations go out the window when it comes to a market comprised of second homes. “Nobody needs anything out here,” says Chris Foglia, a broker at the Hamptons-based Daniel Gale Sotheby’s International Realty. “They all want.”


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