I know; New Houses under $5Million sounds so ridiculous to many who are reading this right now---especially in our current real estate recession. However, when we do have buyers coming here to Southampton Village, NY to invest money in a concrete and tangible product--$5Million houses are a big opportunity, indeed. The key here: New Houses.
Southampton Village New Construction: $3,999,000
Approximately 80% of our real estate buyers comes from Wall Street---and when bonuses are projected to be sizable, the building starts to boom, and that is what we have going on here right now in Southampton Village, NY. In the favorite neighborhood of Little Plains Beach, there are 4 new houses going up--in a 6 block area.
In the prime locations here in Southampton, buyers are looking for brand new houses under $5Million right now. Even though money is tight, and the recession lingers, customers who have been waiting for prices to come down into the realm of reality again, are finding 4 to 7,000 square foot "new builds" under $5Million are the best bets.
Rendering of a New Offering on Post Lane in Southampton Village, NY: $4,995,000
Both of the houses above are available for sale and are located in prime neighborhoods of Southampton Village.One is 2 blocks to the ocean---the other is 1 mile or a bike ride to the famous Coopers Beach on Meadow Lane. Houses in this category of high quality, new construction are called "shinny pennies" and are usually the first to sell when the real estate market is active here in the Hamptons.
http://.www.prudentialelliman.com/paulahathaway will bring you to my website; I look forward to showing you your next dream home!
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