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Southampton, NY Condo for Sale

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    $5,250,000

    15 Prospect St, Southampton, NY 11968

    This historic Southampton Village restaurant location is now available for sale for possible condominium development. The site is 68,674 ft.2 or 1.577 acres. Two possible development options have been discussed. Option 1- would be 12 units with 6-1 bedroom units of approximately 600 ft.2 each and 6-2 bedroom units of approximately 1200 ft.2 each. This option would not require any additional

    Lee Minetree Saunders & Associates

    15 Prospect St, Southampton, NY 11968

Why Live in Southampton

Southampton, NY, an oceanfront community in the Hamptons, is known for its picturesque beaches, large homes, and historical charm. Established in 1640, it has evolved from a farming and fishing village to a sought-after destination for New York’s elite. The area boasts over 7 miles of coastline with eight named beaches, including the popular Coopers Beach, which features a concession stand, lifeguards, and live music during the summer. Southampton’s downtown is walkable and lined with upscale boutiques, diverse dining options, and cultural attractions such as the Southampton History Museum and vibrant art galleries. The annual Fourth of July Parade and winter tree lighting are notable community events that draw residents together.

Homes in Southampton are often large and private, with median lot sizes over half an acre. Smaller homes are closer to the village center, while larger estates are found south of Hill Street. The Southampton Union Free School District is highly rated, with a low student-to-teacher ratio. Safety is a consideration, with a decrease in both violent and property crimes reported in 2023.

The Southampton Bypass and Long Island Rail Road provide connectivity, though the nearest commercial airport, Long Island MacArthur Airport, is 41 miles away. Despite the moderate risk of flooding and severe risk of high winds during hurricane season, Southampton remains a desirable location for both year-round residents and seasonal visitors.

Home Trends in Southampton, NY

Housing Trends

Median Sale Price
$3,850,000
Median Single Family Sale Price
$3,500,000
Average Price Per Sq Ft
$1,083
Number of Homes for Sale
5
Last 12 months Home Sales
3
Months of Supply
20.00
Median List Price
$3,500,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
51%
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