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Most Expensive Street in the Hamptons Posted a $15M Median Home Sale Price in 2018

Even though the number of home sales in the Hamptons has slowed, there was no shortage of houses trading for over-the-top prices in 2018. As the median home sale price in the Hamptons dropped below $1 million last year, two streets actually saw median sale prices pass the $10 million mark.

Truth be told, buying a property and living amongst celebrities in the Hamptons still requires you to come up with serious money. Sometimes, you’ll be even required to pay extra, depending on what street you are looking to buy on—or who your neighbors might be.

To see which Hamptons streets were the most expensive last year, we looked at all the residential transactions of 2018 in the Hamptons and identified which streets had the highest median home prices. For an accurate representation, we only took into consideration streets with 3 or more transactions.

Some of the priciest streets were in Sagaponack, Bridgehampton and Southampton.

Read on for a breakdown of the top 5 most expensive streets and scroll to the end of the article to see the full top 10 chart.

Sagaponack’s Parsonage Lane is 2018’s Most Expensive Street in the Hamptons

With a $15 million median home sale price, Parsonage Lane in Sagaponack secured the #1 spot as the priciest street in the Hamptons. Among the multi-million-dollar sales on the street, there were a couple of celebrity home transactions as well, including an estate designed by the renowned luxury real estate developer Jeffrey Collé. The mansion at 550 Parsonage Lane traded for $16 million.

Another celebrity home that changed hands last year on the street was 423 Parsonage Lane. This eight-bedroom, 10-bath estate was a temporary residence of pop-icon Justin Bieber a couple of years ago. It fetched a cool $10.6 million last year.

Jobs Lane in Bridgehampton Secures the Silver Medal for Being the 2nd Priciest Hampton Street; Captains Neck Lane in Southampton Takes 3rd Place

Bridgehampton’s Jobs Lane median home sale price was just short of $11 million in 2018. The most expensive home trading on the street was 157 Jobs Lane, a 6,530-square-foot, 8-bedroom residence. The property traded for $18 million in September.

Captains Neck Lane in Southampton landed in third place with an $8.6 million median home sale price. Among the luxury mansions selling on the street was Raymond Floyd’s 7,044-square-foot estate. The professional golfer sold his 7-bedroom residence for a cool $12 million.

Montauk’s Old Montauk Highway and East Hampton’s Further Lane Occupy the 4th and 5th Positions

Residential sales on Old Montauk Highway brought the street’s median home sale price to $7.9 million in 2018. Among the properties that traded was a home built in the late 1950’s. 644 Old Montauk Highway, once owned by fashion designer Ralph Lauren, traded for $7.9 million.

Over in East Hampton on Further Lane, homes changed hands for a $7.3 million median last year. 189 Further Lane was the most expensive sale on this street, with the estate going for a $13.6 million. The mansion made headlines back in 2016 when basketball player Kevin Durant spent $100,000 to live there for 10 days.

Take a look at the table below for the full ranking:


Methodology

To determine which were the most expensive streets in the Hamptons in 2018, we took into account streets with 3 or more home sales closed between January 2018 and December 2018. Only transactions over $10,000 were included.

Residential transactions were included in the study, excluding package deals.

Robert Demeter

Robert Demeter

Robert is a copywriter at CommercialCafe and brings 3+ years of experience in commercial real estate. He previously worked as a copywriter at PropertyShark, as a senior associate editor at Commercial Property Executive and Multi-Housing News, and also wrote monthly market reports at Yardi Matrix.