- The most expensive ZIP code on the East Coast is a tiny village in the Hamptons, according to a November 2019 report by Property Shark.
- Sagaponack, a town of only 322 permanent residents, has a median home sale price of $4.3 million.
- One study found you'd need to make at least $853,738 to live there comfortably.
- Celebrities and business executives, including actress Drew Barrymore, talk-show host Jimmy Fallon, and billionaire investor Ira Rennert, own homes in the secluded village.
- Home sales in the Hamptons have dipped to their lowest levels in seven years, and there are the most luxury homes sitting on the market since at least 2011, Bloomberg reported.
- Visit Business Insider's homepage for more stories.
Advertisement
The Hamptons, a series of beach towns dotting eastern Long Island, New York, are known for being a summer retreat for the wealthy and famous of New York.
Within the Hamptons' many affluent towns, a tiny village of 322 people stands out as the priciest ZIP code on the East Coast and the second-most expensive in the country, according to a November 2019 report by Property Shark.
Sagaponack, a village in the town of Southampton in the 11962, has been called home by CEOs, musicians, famous authors, and celebrities. In December 2019, Drew Barrymore purchased a $6 million farmhouse in the Hamptons village, the New York Post's Jennifer Gould Keil reported. The median sale price for a home in the village is $4.3 million, and to live there comfortably, you'll need to make at least $853,738 a year, according to a GoBankingRates study.
But the Hamptons real-estate market as a whole has been suffering. Home sales in the ritzy seaside communities have slumped to their lowest level in 7 years, and there are the most luxury homes sitting on the market since at least 2011, Bloomberg reported. In Sagaponack, the median sale price dropped by about $1.2 million in the past year, according to PropertyShark.
Advertisement
Here's a look inside the exclusive Hamptons community of Sagaponack, the priciest ZIP code on the East Coast.
ncG1vNJzZmivp6x7o8HSoqWeq6Oeu7S1w56pZ5ufonyuu9KtZJ6woJq7tLXVnmSzoaBitq9506GcZqCRor21u82sZK2npad6tK3GmqeoppGYuG5%2Bj2pvZnA%3D