14 of the best waterfront homes in the Hamptons you can buy for under $10 million by Tanza Loudenback on Mar 30, 2018, 8:17 AM Advertisement
- Vacationing in the Hamptons is one of the most elite destinations in America.
- Many rich celebrities, hedge fund managers, CEOs, socialites, and politicians own multi-million dollar summer homes in the Hamptons.
- The high volume of mansions in the Hamptons — and its waterfront locale — makes it one of the most expensive real estate markets in the US.
A waterfront home in the Hamptons — whether that's bayfront or ocean view — will cost you millions. Hallmarked by countless famous and flush residents, hedge fund managers, celebrities, CEOs, and socialites alike own vacation homes in the Hamptons. Bill and Hillary Clinton have long vacationed on Georgica Beach in East Hampton. And Southampton even has its very own "Billionaire Lane" reserved for the rich and powerful. Such prestige doesn't come cheap. At least seven towns in the Hamptons have a median home listing price of around $1 million. That means half the houses for sale in those places are priced under seven figures, and half are priced above. What's more, at least 11 towns have median home prices between $2.2 million to $5.6 million. That's according to StreetEasy, which recently launched a new Hamptons platform, Out East, for sale and rental listings in the Hamptons. Out East provided Business Insider with a list of 14 of the best waterfront homes for sale under $10 million right now — a relative bargain in a place with oceanfront properties listed for up to $175 million. Below, take a look at the stunning waterfront homes: SEE ALSO: How much homes cost right now in the Hamptons, one of America's most elite summer vacation destinations DON'T MISS: American homes are more affordable than they've been in 40 years — but that could change sooner than you think Water Mill: $5.495 million
Set on half an acre, this bungalow has only 1.5 bathrooms and 3 bedrooms, but the sunset views over Mecox Bay are unparalleled. Source: Out East
Montauk: $5.75 million
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