The most extravagant property currently on the market in Atlantic Beach, Long Island is now available for purchase at a whopping $11.5 million. This impressive price tag is a record for the area, but it may not hold that title for long. With Wall Street professionals returning to a traditional five-day work schedule, the allure of the Hamptons is beginning to fade. Atlantic Beach, which boasts a modest population of approximately 1,800 residents, offers all the desirable amenities of the Hamptons right on the waterfront. Moreover, it’s just a breezy hour away from the city, making it an ideal getaway from the bustling crowds.
Homes in this area rarely become available, as currently, only 15 properties are listed on the market. However, many financiers are eagerly eyeing properties like this one, envisioning it as a perfect destination for quick weekend trips throughout the year to escape the chaos of city life. The listing for this lavish property is being held by Enzo Morabito and Thomas Tripodi of Douglas Elliman, who proclaim that Atlantic Beach is essentially the Hamptons without the grueling commute. (Surely, anyone who has experienced the notorious traffic jams during peak season in the Hamptons can attest to the frustration it brings.) Tripodi further adds, “You can live on the water, seconds from the beach, and yet close enough to the city that you can commute on a Tuesday or every day.”
The home itself, situated just 22 miles from downtown NYC, occupies an impressive 7,000 square feet. Boasting breathtaking water views, the residence sits on a double, bay-front lot and features six bedrooms and six bathrooms. This property is now on the market for the first time since 2006, when it last sold for $2.33 million. Since then, numerous renovations and updates have been carried out to enhance its appeal.
A standout feature of the house is the 140-foot floating dock, perfect for yacht owners. In addition, the property includes a pool, spa, pool deck, and a state-of-the-art home theater. The listing highlights the property’s idyllic location, offering a picturesque waterfront experience and the sought-after Hamptons lifestyle, all within an easy commuting distance.
Furthermore, the allure of this particular property lies in its rare ability to accommodate yacht owners. Morabito emphasizes the unique advantage, stating, “[The property at] 139 Bayside Drive is a double lot so you can have an 80-foot boat and many others for running around the bay. You’re in protected water, just a five-minute ride out into the ocean. You can’t find that anywhere.”
In essence, the surge in homebuyers seeking convenience, along with the return to a regular in-office work week, has propelled the prices in this area to almost double since the onset of the pandemic. However, the limited inventory of available properties remains a challenge for prospective buyers. Despite the competitive market, the exceptional features and ideal location of this Mediterranean-style estate make it an enticing investment for those seeking an extraordinary coastal living experience near the city.
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