Square leg rule in East Hampton has buyers striving for megamanions

Further lane megamamsons 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 square maximum views are now placed in a weak 10,000.

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

“He advances many people who already built the largest homes in the smallest parts. Now they have a more valuable property. But it punishes people holding and protecting nature. It seems too unfair to reward people who have these giant, overloaded homes,” says Martha Gundersen and Douglas 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 tells about the recently built house with eight bedrooms, with eight bathrooms in 39 Timber Trail in Amagansett, which she sold last October for $ 11 million. Just over 10,000 square meters in a lot of 2 hectares. 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, stressing 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 small beach hut, a pre-existing, non-conforming attribute that one could turn into something really delightful.”

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 so 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 exclusive Hedgerow properties.

Go big or go home.