Just couldn’t resist sharing this news of a record breaking summer rental in the Hamptons (via The Real Deal).
A Hamptons waterfront luxury rental for Memorial Day to Labor Day hit $1 million this season, a record.
The Southampton house was rented through Harald Grant, senior vice president at Sotheby’s International Realty in Southampton. He declined to say where the house was or who rented it.
While brokers working on such tony deals can be tight-lipped, the $1 million summer rental shattered the previous record high of $550,000 for a summer rental. Russian aluminum heiress Anna Anisimova shelled out that sum in 2004 for the Southampton mansion of socialite/songwriter Denise Rich.
"That’s what people are paying," Grant said. "Oceanfront rentals, waterfront rentals command these huge prices."
Seems the local real estate agents out there are quite excited that a new ceiling has been reached. As crazy as this may sound to most of the rest of the country, when considering what one would pay to own a home like this (perhaps $35-40M), it seems reasonable…did I just say that?