Parts of the Hamptons are priced (on a per square foot basis) more affordably than parts of the Rockaways or even Staten Island, according to data analyzers NeighborhoodX.
As one of America’s most elite summertime destinations, the Hamptons are home to many celebrities, CEOs, and New York’s many socialites. Though considered one of the most expensive real estate markets in the country, other parts of the NYC Metropolitan area are surpassing the Hamptons in price by square foot.
Based on a study conducted for August 2018, NeighborhoodX found that several part of the Hamptons, typically thought to be untouchable real estate, are more affordable than beach towns elsewhere in the New York City area. For example, the average asking price per square foot in Riverhead, on the North Fork of the Hamptons, is $267/sq.ft., which is more affordable than City Island in the Bronx, where the average asking price is $362/sq.ft.
NeighborhoodX, who gathered the data in this study, is a real estate & data analytics firm whose data has been featured in The Real Deal, Wall Street Journal, Curbed, and several other real estate outlets, founded by Constantine Valhouli and advisor Jonathan Miller.
Courtesy of Wiki Commons / Mark Jenney
This set of data further suggests that Brooklyn’s beach towns are currently surpassing the Hamptons in terms of price by square foot. The average asking price for Brooklyn’s Manhattan Beach is $619/sq.ft., and in Brighton Beach, the price is $617, both of which are higher than those in some of the leading Hamptons sections, including Sag Harbor, at $614/sq.ft., Amagansett at $598, and Southampton at $554/sq.ft., according to the study conducted by NeighborhoodX in 2018.
The average asking price in Rockaway Beach, which is $335/sq.ft., is on par with the Hamptons’ East Quogue, at $373/sq.ft. Meanwhile, on Staten Island, South Beach ($388) and Midland Beach ($372) are priced on par with Shinnecock Hills ($392) and East Quogue, respectively.
In another set of data, NeighborhoodX found that the average property in Manhattan is more expensive per square foot than the trophy properties in many cities, as the average property in Manhattan is $1,773/sq.ft., surpassing Portland ($1,053), New Orleans ($1,308), Austin ($1,466), Philadelphia ($1,643), and Denver ($1,708).
Providing high-end amenities and views of the Caribbean Sea, these four luxury developments are gaining traction among homeowners and travelers.
By Brielle Bryan
Photo courtesy of Mahogany Bay Village
Photo courtesy of Four Seasons Caye Chapel
Four Seasons Private Estates Caye Chapel
Located in the heart of Belize’s largest marine sanctuary, this private island invites guests to connect with nature while enjoying the level of personal service and luxurious amenities that Four Seasons offers. Opening in 2021, Caye Chapel will feature approximately 50 Four Seasons Private Estates, with opportunities starting at $2 million.
Erasing the line between indoor and outdoor, these exclusive lots encourage owners to take advantage of the unparalleled access to the natural environment of Belize through boat expeditions, snorkeling, paddle boarding, diving, mainland exploration and more. In addition to the private estates, the 2.5-mile island of Caye Chapel will feature a 100-room Four Seasons Resort, 35 Private Residences, a private airstrip, a Fabien Cousteau Nature and Conservation Institute, an 18-hole Greg Norman golf course, bustling Harbor and Marina village, world-class dining options and a stylish Beach Club.
The Ellysian
The Ellysian is owned by Belize’s Prime Minister’s wife, Kim Barrow, and opened in May of 2017. The boutique property is ideally located within the charming and vibrant village of Placencia, placed perfectly along Belize’s Southern Coast. Upon arrival, guests are immersed into an incomparably lush escape that is in walking distance to local artisan shops, restaurants and sites the village has to offer.
There are 12 beautiful rooms at The Ellysian, consisting of beach view studios and one-bedroom suites. The limited number of suites at The Ellysian ensures guests are afforded privacy and a higher standard of personalized service. Each suite is fitted with a private veranda, viewing either the Caribbean sea or the famous sidewalk center of the village. The boutique hotel values making a difference in the community, and as a result, it supports several charitable organizations such as the Belize Cancer Center and The Placencia Humane Society.
Photos courtesy of The Ellysian
Mahogany Bay Village
Mahogany Bay Village is a fresh and energized take on the conventional resort community. The Village is made up of Belize’s first global luxury branded resort, a collection of customizable homes, and a bustling retail marketplace. Located on the soulful island of Ambergris Caye, Mahogany Bay Village, which just opened in December, sits no more than 10 minutes from the colorful eateries and shops of the historic San Pedro Town.
Photos courtesy of Mahogany Bay Village
Dream Hotel Group
In January, the Dream Hotel Group announced the development of two new hotels in Belize: Unscripted Belize and Dream Belize. The first of the two Belize openings for the group, Unscripted Belize, will debut in late 2018 with 24 beachfront cabana accommodations that will be steps away from the Caribbean Sea. With an open-air concept, the property will also feature an outdoor restaurant and bar, an expansive pool area and two private boats for snorkeling and scuba diving.
In 2020, Dream Belize will feature 100 guestrooms and suites, 120 hotel condominiums and 40 branded residential home sites. Also included will be four vibrant dining and nightlife concepts, three pools, a luxury spa and fitness center and multiple coworking suites to round out the dynamic resort offerings.
Photo courtesy of Gensler