Square leg rule in East Hampton has buyers striving for megamanions

Further lane megamions are some of the largest and most expensive homes in all Hamptons. The type of neighborhood where a house 10,000-, 20,000-, or even 30,000 square meters does not stick like a long poppy.

But in March, the East Hampton City Board finally said it is enough, appriving a code change that reduces the size of new homes. The rule limits the size of houses to 7% of the Lot area plus 1,500 square meters – but the most important (especially if you have just won the lottery) is that the Max Square Way is now set to a weak 10,000.

This is down from the 20,000 square feet previously allowed.

“He progresses many people who already build the largest homes in the smallest parts. Now they have a more valuable property. Martha Gundersen and Elliman.

Needless to say, changes have proven controversial in the city (East Hampton village has its own codes). But one thing is clear: houses with the so-called “pre-existing, non-conforming attributes” are now the hottest agreements in East Hampton.

Gunderssen points to the recent building at home with eight bedrooms, with eight chances of 39 Timber Trail in Amagansett, which she sold last October for $ 11 million. Just over 10,000 square meters in a 2nd part of the 2nd. But he has already returned to the market demanding $ 11.75 million with agency Dana Totter.

“This will ultimately be more difficult to build today,” the Trotter says.

But Michael Cantwell of Bespoke Real Estate shows that the phenomenon is nothing new. “You see this throughout the table,” he says, noting that as more and more zoning rules are added, non -conforming attributes of all kinds increase the value of a home. “We sold this property to the 7 West End Road in East Hampton. It was a rounded property of the ocean, but it had this Shack Little Beach, a pre-existing, non-conforming attribute that one could turn into something.”

This tear sold for $ 24.5 million.

One of the actual lists of its brokerage is another example of a home that can never be repeated. It is a five -bedroom house, with four bathrooms, 5,500 square meters in 64 West End Road with 2.7 hectares in Georgica Pond. “On a peninsula, and it’s the type of things that if you wanted to recreate it today, it wouldn’t be as good in terms of traces and proximity to water.”

Is looking for $ 32.5 million.

But if it will only do more than rest, 43 East Dune Lane Aka Dune Cottage in East Hampton is the high home in the market.

It has 13,176 square meters of ocean brightness in a 3.6 hectare, along with 10 bedrooms and 12 full bathrooms (divided between a main and guest residence), a swimming pool, a tennis field and a price to match.

Is looking for $ 84.9 million with Terry Cohen of the exclusive property of Hedgerow.

Go big or go home.