Image: Hudson Woods by Drew Lang
The megawatt real estate of the Hamptons may be suffering from shrinkage as a new generation of glitterati increasingly chooses the rustic charm of upstate New York instead. Business Insider reports a surge in the popularity of second homes and tourist activity in Hudson Valley and Catskills towns—and a corresponding dip in Hamptons home prices—in 2016.
Is Upstate the new East End?
Back in July 6sqft reported that “Today Show” host Matt Lauer had put his Southampton beach cottage at 67 Scotts Landing Road on the market for $4 million; the listing was one of several real estate moves the seasoned TV journo has recently made, including the purchase of Richard Gere’s Hamptons estate for $36 million at around the same time. Now Variety reports that the diminutive seaside home has sold for $3.5 million–less than the ask but a nice bump from the home’s $2.19 million 2009 purchase price. In addition to the aforementioned 6.3 acre gated North Haven estate, Lauer and his wife Annette also currently own Brightside Farms, a 40-acre tract of land in Water Mill on which they have built a world-class equestrian facility and a 25-acre estate in the Water Mill area that includes an 8,000-square-foot 6-bedroom mansion decorated by Muriel Brandolini; the latter is also currently on the market for $17 million.
Tour the cute, beachy cottage
There is no shortage of colossal poolside palaces in the Hamptons — it is, after all, where many of New York’s rich and famous go to party and play during the dog days of summer. But for those who live in the area full-time — like the growing family of this Montauk lake house — they need homes that are as functional as they are pretty.
Take a quick escape to the lakefront property