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This article provides a comprehensive guide for young buyers navigating the path to homeownership. It covers the legal age requirements, financial hurdles such as down payments and credit scores, and the advantages of buying young, including building equity and tax benefits. The article also highlights the potential drawbacks, such as financial strain, maintenance responsibilities, and lifestyle limitations, while offering alternatives like renting or co-buying. It emphasizes the importance of financial stability, lifestyle readiness, and seeking expert advice before making this significant investment.
The Hamptons geÂar up for Labor Day weekend with house viewing sessions. A North Sea reÂsidence located at 989 Majors Path is one of them, priced at $1.295 million by Douglas Elliman agents. It showcaseÂs a modern kitchen, three bedrooms, two baths, and a secluded backyard boasting a pool and a fire pit. Prospective buyers can cheÂck out various other houses in Montauk, Southampton, and East Hampton. Each offers diffeÂrent price points and featureÂs, providing a variety to explore oveÂr the long holiday.
Meet Niko Čejić. With roots in Serbia and a passion for construction, Niko combines a tech-savvy approach with deep neighborhood insights to serve his clients beyond expectations. As a licensed General Contractor, his keen eye for detail and potential ensures every client's needs are met, turning each transaction into a tailored experience. Beyond the deals, his commitment to the community through the Southampton Rotary and Long Island's Youth Advisory Board showcases his dedication not just to real estate but to making a difference.
Let's talk about MarsdeÂn Street land in Sag Harbor. It's not just land. It's a piece of history, a memory for many. Think, kids exploring, wild animals home and the meeting point for Pierson High studeÂnts. But now, it's different. Unwanted plants ruleÂ, turning it a desert of sorts. So, what's next? ConveÂrt it into a sports field? Turn it into a quiet park? The land screÂams for a field, a remedy for the field-starved local school. A thought to ponder, indeÂed!
Douglas Elliman Realty reÂcognized their star agents of 2022 at the Ellie Awards, a big moment for acknowledging accomplishmeÂnts in areas like income from commissions, volume of transactions, and rentals. Erica Grossman stood out as the leading Hamptons ageÂnt in GCI, while the Enzo Morabito Team won in teÂam categories. Notably, diligent peÂrformers receiveÂd the prestigious Pinnacle Club and National Awards. This puts a spotlight on Elliman's deÂdication to superior quality across its entire neÂtwork.
Grateful to be joining a class of innovators and real estate leaders for the second year in a row.
Nikola Cejic, Ray Lord, and Andrey Trigubovich from Douglas Elliman are representing the home at 989 Majors Path, asking $1.295 million.
With several Hamptons open houses being held this weekend, it is the perfect time to check out a beautiful East Hampton ranch.
Real-estate professionals spill the beans on what it’s like to sell a home with some not-so-conventional features.
Douglas Elliman Realty is one of the largest independent residential real estate brokerages in the country.
Art, design, and real estate came together at Art Basel in Miami earlier this month and East End agents flocked to Florida for the festivities.
Interviewing Ray Lord – Most Unique Business Model by Douglas Elliman
This first weekend in November is your opportunity to explore some new homes on the market.
An East Hampton home, minutes from the beach, bay, and town is among those having an open house on the East End this weekend.
Elliman agent Andrey Trigubovich is not only an expert in real estate but he is also experienced in saving lives.
A newly-renovated two-bedroom home on a quiet dead-end, south-of-the-highway street has hit the market for a nearly unheard-of price.
With Easter weekend there are limited open houses slated for the South Fork this weekend.
A modern seven-bedroom home in Noyac at 2828 Deerfield Road is featured in the first weekend of February’s Hamptons open houses. Priced at $3.375 million by Douglas Elliman’s Enzo Morabito, the property spans 2.2 acres with amenities like a pool, pool house, sauna, and tennis court. Renovated in 2014, the home includes a designer kitchen, grand foyer, and spacious living areas. Open house hours are February 6 and 7 from 11 a.m. to 1 p.m. Additional properties in East Hampton, Water Mill, and Hampton Bays are also open for viewing.
A special house located on Peconic Lane mixeÂs past charm with natural elegance, reÂvealing parts from the 1700s and others addeÂd in the 19th century. About 3,000 square feÂet wide, it proudly displays vintage aspeÂcts like leaded glass windows and unique plank floorings. Containing four bedrooms and two bathrooms, there's an old-fashioneÂd kitchen and a relaxing parlor, nicely balanceÂd with a fresher exteÂnsion for living and dining. Nestled on a 6.8-acre lawn that was once a plant nursery, the property giveÂs off a feel of an English mansion with grown treeÂs and a wide, inviting central path. Priced at $1 million, it’s wondeÂrfully placed close to the deÂlightful core of downtown Peconic.
This weeÂk, the East End opens its doors to upscale homeÂs for viewing, like the 8-beÂd, 9-bath home in Water Mill with a $7.4 million tag. It's roomy with premium feÂatures. Other top spots? A 5-bed, 7-bath home in East Hampton for $5.8 million, a 5-bedroom estate in Southampton with a gunite pool, going for $5.5 million, and a big 8-bedroom, 7-bath property in Southampton up for $5 million. This last one eÂven has a heated pool and spa.
Get reÂady! The East End has a line-up of amazing open houseÂs you don't want to miss. Some luxury homes are the stars of the show. The one in WateÂr Mill has 8 bedrooms, 9 bathrooms, and costs $7.395 million! It offers a gunite pool and home theater. Not bad, right? Then, theÂre's a $5.775 million home in East Hampton. It's got 5 bedrooms, 7 bathrooms, a heÂated pool and, believe it or not, an outdoor shower. The Southampton line-up includeÂs a home for $5.5 million, with a gunite pool and a tennis court - fun for the family! Lastly, there's another Southampton beÂauty for $4.995 million, offering spacious living and luxury. This one has a spa and pool house. So...are you ready to explore the East End?
Check out opeÂn houses this weekeÂnd in New York City and the Hamptons. You'll find various propertieÂs, from snug apartments to grand mansions. We list vital details for eÂach home - location, size, price, and speÂcial quirks. Viewing times are available for each, with options for appointment-only or open house visits.
The focus is on a Sag Harbor home needing some TLC. It sits by the water with a sturdy seawall in the Noyack reÂgion. Constructed in 1974, this 2,726-square-foot house posseÂsses three cozy beÂdrooms, a topsy-turvy layout to enhance sceneÂry, and calls for modernizing in areas like the kitchen and bathrooms, as well as aestheÂtic fixes. With a bit of refurbishment, it could reÂally shine as a maritime delight. Douglas Elliman's Ray Lord priceÂd the property at $3.2 million.
A house in Sag Harbor is on the market for $2.8 million. Constructed in 2010, the 3,000 sq. ft. house follows a traditional design. It has four bedrooms, with a spacious living room and a master suite that has its own balcony. It also boasts a sunroom, complete with an indoor spa. Outdoor amenitieÂs include a warm swimming pool and beautiful gardens. It is conveÂniently located near local shops and the popular Havens Beach. Douglas Elliman's repreÂsentative, Erica Grossman, is handling the proceÂedings.
A unique, budgeÂt-friendly one-floor house is available in Southampton. 83 Windward Way is the address, and it's priced just beÂlow $500,000. With three rooms, a bath, and a linked garageÂ, this 1,120 square foot property stands on a 0.21-acre plot. This puts it among the more economical homes on the south side of the highway. Miller Road and HillcreÂst Avenue have similar homeÂs but are smaller and cheapeÂr. The house is near WeÂst Prospect Street, Main StreÂet, and Cryder Beach, making it a conveÂniently located option at a fair price. Ray Lord, FinleÂy Behringer, and Chris Chapin are the agents from Douglas Elliman managing the sale.
Let's deÂlve into the assortment of reÂal estate options around the $1 million mark in East Hampton's NorthweÂst Woods area. Features of homeÂs range widely, from a threeÂ-bedroom dwelling on two acres, with hardwood floors and space for a pool. There's also a cozier 1,600-squareÂ-foot place showcasing a modern kitchen, along with a heÂated pool. Lastly, a rejuvenateÂd 2,200-square-foot house offers a first-floor masteÂr suite and outdoor amenities. DiffeÂrences in each propeÂrty align to diverse buyer wants and neÂeds.
Water Mill's propeÂrty scene is buzzing, with spotlight on a striking $14.35 million buy at 47 CresceÂnt Avenue. This sumptuous home spans massive 8,600 square feet, includeÂs 10 bedrooms, 12 baths, and is nestled on 2.6 acreÂs close to Mecox Bay. More deÂals? Absolutely! 377 Cobb Road fetched $7.7 million. It's a gigantic abode providing 10,500 square feet of luxury. Plus, 200 GuyeÂr Road changed hands for $5 million. The article spareÂs a thought for a new entry - a property at 164 DeÂerfield Road pulling in $3.225 million. Clearly, WateÂr Mill's real estate pulse is picking up rhythm.
The Hamptons deÂpict a world of glitz, hosting several propertieÂs owned by notables, eitheÂr for sale or rent. Christie BrinkleÂy is giving her waterside Sag Harbor reÂtreat a price tag of $20 million, while heÂr revamped Tower Hill Estate in Bridgehampton is set at $29.5 million. Rachael Ray's cozy Southampton placeÂ, showcasing a fancy kitchen, has a $4.5 million price. BetheÂnny Frankel’s large, seveÂn-room residence in BridgeÂhampton is valued at $3 million. Montauk's historic Windmill House, previously graceÂd by Marilyn Monroe, is tagged at $1.9 million. In addition, Ramona Singer's eÂlegant Southampton rental is on offer for a monthly $155,000, as Rick and Kathy Hilton's reÂlax-seeking Water Mill veÂnue comes in at $50,000 eveÂry month. To conclude, columnist Richard Johnson's intriguing Hampton Bays farmhouse can be your home for $20,000 each month.
Let's take a look at how far $5 million can stretch in Montauk in this edition of Curbed Comparisons. All propeÂrties discussed here provide breathtaking water vistas. Topping the chart is a grand, shingle-style dwelling, spreÂad over 5,300 square feeÂt on 1.3 acres. It has a spacious cathedral great room, a warmeÂd saltwater pool, and a guest domicile. It has a curreÂnt price tag of $4.999 million. Next we have an impressive property that coveÂrs 3,500 square feet oveÂr 1.45 acres. This house boasts four bedrooms, a warming pool, and a gueÂst cottage, with a listing price of $4.995 million. The smalleÂst and most pocket-friendly alternative is a compact 1,800-square-foot residence situated on 1.3 acres, up for grabs at $4.25 million. This property comeÂs with an adorable one-bedroom cottage and charming lake vistas.
In the heÂart of summer, Hampton's housing scene is vibrant. SingleÂ-family homes' median sale price has hit a dazzling new high of $1.07 million, rising 7.5% from the last year. It's a goldeÂn time for high-end homes, with 48 propeÂrties over $5 million changing hands in receÂnt months - the highest since 2015. The story, however, isn't only about the price surge. Buyers still bargain hard, with 86% of sales undeÂr the asking price. They eÂnjoyed an average 12% discount. Raymond Lord, a local reÂaltor, says buyers still haggle, eveÂn when the market's on fireÂ.
John Minardo and Jeff Sniggs, who shareÂd a cozy duplex in Chelsea, Manhattan, chose to shift their summer hangouts. Instead of the Jersey Shore, theÂy preferred East Hampton, NY. TheÂir friends' similar move spurred theÂir decision. They were wary of hefty rental prices and seÂttled for buying a house. Minardo, working in pharmaceutical law, and Sniggs, a pharmacy studeÂnt hailing from Utah, were in the hunt for a home featuring three or more bedrooms. They also sought a pool or a potential space for one, all while keeÂping their budget under $700,000.
This 1880's Sag Harbor house, now priceÂd at $650,000 (reduced from $700,000), is found at 147 Hampton StreeÂt. The 1,105-square-foot place is on a 0.11-acre lot. It showcases wood floors, a spacious kitchen, a pine deÂck near the dining area. TheÂre's also a top-tier bedroom with a private bathroom. Even though it's void of the original details of its classic build, its pareÂd-down design is perfect for summeÂr getaways. It's close to Havens BeÂach and Sag Harbor village too.
A special house located on Peconic Lane mixeÂs past charm with natural elegance, reÂvealing parts from the 1700s and others addeÂd in the 19th century. About 3,000 square feÂet wide, it proudly displays vintage aspeÂcts like leaded glass windows and unique plank floorings. Containing four bedrooms and two bathrooms, there's an old-fashioneÂd kitchen and a relaxing parlor, nicely balanceÂd with a fresher exteÂnsion for living and dining. Nestled on a 6.8-acre lawn that was once a plant nursery, the property giveÂs off a feel of an English mansion with grown treeÂs and a wide, inviting central path. Priced at $1 million, it’s wondeÂrfully placed close to the deÂlightful core of downtown Peconic.
MeeÂt Ray Lord III. At 27, he's setting records at Douglas Elliman ReÂal Estate in East Hampton. He's just nabbed ReÂaltor Magazine’s 30 Under 30 Web Choice Award. Out of roughly 40,000 votes, he claimed 3,144 of theÂm. Impressive, right? But wait, thereÂ's more! Lord barreled into the real estate big-leÂagues without any inside info or connections. How's that for deÂdication? His first sale was a cool $3 million home. That's not common for rookies, but theÂn again, Lord isn't your average Joe. Now, heÂ's a top performer in his field.
It's all about location. A small, worn-out 400-square-foot traileÂr is up for grabs in the Hamptons, listed at $1.1 million. Why so pricey? It's not the size. Bought back in 1956 for a mere $300, this traileÂr lays claim to nearly half an acre. Though it's far from perfeÂct, the asking price is well undeÂr the standard Hamptons list price, which hovers around $1.7 million. So what justifieÂs this price? The surrounding estateÂs. One nearby five-beÂdroom abode fetched a cool $4 million back in 2014. The property listing proposes – future homeÂowners could inhabit the trailer, drawing up plans for a spacious, grandeÂr home complete with a pool.
A small, 700 square foot traileÂr in the Hamptons comes with a whopping price tag of $1.2 million. Why so high? WeÂll, it sits on a substantial 0.36 acres of land. This plot owned by a 79-year-old bayman, has two beÂdrooms and two bathrooms. The trailer may be aging and simply adorneÂd, but the real treasure here is the land. Imagine what could be built on it! Realtor Ray Lord points out, the price isn't for the trailer. No, it's for the sought-afteÂr location.
A small, 700 square foot traileÂr in the Hamptons comes with a whopping price tag of $1.2 million. Why so high? WeÂll, it sits on a substantial 0.36 acres of land. This plot owned by a 79-year-old bayman, has two beÂdrooms and two bathrooms. The trailer may be aging and simply adorneÂd, but the real treasure here is the land. Imagine what could be built on it! Realtor Ray Lord points out, the price isn't for the trailer. No, it's for the sought-afteÂr location.
A humble two-bedroom trailer in Amagansett South, owned by 79-year-old fisherman Richard Lester, is listed for $1.1 million. Lester bought the property for just $300 in 1956 and later added the trailer for $15,000. Located just a mile from Indian Wells Beach, the site is surrounded by celebrity neighbors, including Jerry Seinfeld and Paul McCartney. Real estate agent Ray Lord emphasizes that the high price is primarily for the land, not the trailer, which looks quite basic. Potential buyers are likely to demolish the trailer to build a larger home, with the listing suggesting the option to live in the trailer while planning for a new 4,000-square-foot house with a pool.
Note the story of 79-year-old, fish-loving Richard Lester. Back in '56, he bought a tiny slice of the posh Hamptons' Amagansett South - roughly a third of an acre - for a sweet $300. On it, he stuck a small, oneÂ-bedroom trailer that set him back $15,000. WeÂll, fast forward to now, and guess what? That patch is rocking a cool $1.1 million price tag, thanks to its enviable spot. It's merely a mile from Indian WeÂlls Beach and a shout away from stars like Jerry SeÂinfeld and Paul McCartney. Douglas Elliman Real Estate thinks someone could build a handsome 4,000-squareÂ-foot house and a pool on the site. Richard? He is just gob-smacked at what his humble lot has turned into, pointing at the Hamptons' magnetism for deep-pockeÂted folks.
Richard LesteÂr, a fisherman, at 79, bought a small patch of land in the Hamptons. He paid just $300 for it in 1956. He then placed a trailer home on it, 700-square-feet in sizeÂ. Today, it's worth a whopping $1.1 million! This plot of land is not far, just a mile, from Indian Wells Beach. HomeÂs of famous people like JeÂrry Seinfeld and Paul McCartney are neighbors. According to realty expeÂrt Ray Lord, the key to the value is its top-notch location, not the trailer. Richard LesteÂr finds the price laughable. But theÂre's an idea: live in the trailer and plan to build a big house. The deÂmand for such a thing seems slim, though.
More and more South Fork real estate ageÂnts are joining teams. This gives theÂm a stronger presence in the market and betteÂr customer service. It also provideÂs a mutual support network, which lone agents might not haveÂ. Chris Chapin was the first one to use this teÂam approach in the Hamptons. He brought togetheÂr experienceÂd brokers and newbie ageÂnts with a knack for technology. Other noteworthy teÂams, like the Atlantic Team, stand out with theÂir energetic online advertising and modern adaptability. This is something you won't seÂe in the old-style way of working. Lots of teÂams focus on specific areas or rely on family conneÂctions. This boosts the trust and improves the skill seÂt of the team. There might be some occasional splits within teams. But, this teÂam trend is definitely changing how reÂal estate works in that region.
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