Wellington is New Zealand's most expensive city to be a tenant, but the median weekly rent in the capital - pushing ever closer to the $600 mark - is nothing compred to the prices commanded in the mighty playground of the rich and famous of New York.
An oceanfront home, in the Hamptons – has just been rented out for the upcoming American summer for US$1.5 million. In NZ dollars that’s $2.2 million for a season.
Even veteran New York real estate agent Dolly Lenz was impressed, calling it a “real estate record”.
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The property at 1400 Meadow Ln, Southampton, NY, has been rented out for the summer for US$1.5m. Photo / Realtor.com
The home is newly built and soon to be finished. Photo / Realtor.com
11/10 for this wine bar idea. Photo / Realtor.com
“Southampton Oceanfront Home Goes For $1.5M As A Summer Rental!” she tweeted.
She told The New York Post that “in past years, we’ve hit the US$1 million-plus rental mark, but this far surpasses it”.
“People don’t go to the Hamptons to get away from New York. They go to see the same people they do business with in the city, but in a more casual setting.”
If it is indeed just for the 12-week US summer season, that would amount to a crazy US$125,000 a week (NZ$182,436, about the equivalent of the deposit you'd need to buy a house in Auckland).
The Hamptons home, listed on Realtor.com by Vincent Horcasitas of Saunders & Associates, has a pricetag to buy of US$53.9 million (NZ$78.66 million).
Mr Horcasitas described it as a “prime oceanfront Meadow Lane address on Southampton’s highly prized Billionaire’s Row”.
The backyard with pool, deck and a long walkway to the beach. Photo / Realtor.com
The front yard, with tennis court, long driveway and richlist neighbours. Photo / Realtor.com
The estate was “ultramodern” on 2.96 acres and will have been newly completed by the time the tenants move in for the summer party season.
It has over 1021sqm of living space with two master suites, a study, a VIP suite and six other bedroom suites on the first floor. Add to that an infinity edge pool and spa, a panorama of the ocean and sky, state of the art full kitchen with its own prep kitchen, oversized wine display, wet bar, home theatre, hard surface tennis court, 6.5 car garage under the house, extra parking for 10 vehicles, and a long walkway to the beach.
- news.com.au
