(Hamptons, NY) — It’s no surprise that Hamptons lovers are also water lovers. In fact, 25% of Hampton Bays buyers insist on finding a home with a private dock.
“For some people, ‘the vision of having a house in the Hamptons is having a boat at the end of their dock,’ said Gary DePersia, an associate broker with @theCorcoranGroup, noting that a dock will add a premium of about five percent to the value of a house.” Read the full @nytimes story at the link in my bio.
For many, “the vision of having a house in the Hamptons is having a boat at the end of their dock,” says Gary DePersia, an associate broker with the Corcoran Group.
Oceanfront homes make the Hamptons the go-to spot for boaters and water enthusiasts. Ed Condon, a 71-year-old endocrinologist, decided on his Hampton Bays home primarily because of its private dock. “During the summer, the boats are going back and forth like street traffic. It’s so beautiful. You really feel part of the maritime community,” says Dr. Condon.
Two Hamptons communities that are heating up because of their private docks are Hampton Bays and Sag Harbor. In fact, in Sag Harbor, if you have a dock or can easily get a dock, you can get nearly $6 million for the property.
The highest price for a bay-front home with a dock was Tyndal Point in Sag Harbor. In 2011 the sale cashed in at a jaw-dropping $36 million.
For those who don’t have a dock, local marinas and yacht clubs allow Hamptons lovers to dock their boats and enjoy the water. However, this could be pricey. Docking your boat at a marina can cost nearly $15,000 a year, making a private dock at home both money cautious and more convenient.