Drew Barrymore just bought a $6 million farmhouse in the most expensive ZIP code on the East Coast. Here's what it's like living in Sagaponack, a tiny Hamptons village of 322 people.

Mark Sagliocco/Getty ImagesBy one estimate, you’d need to make more than $US850,000 a year to live comfortably in this ZIP code.

The Hamptons, a series of beach towns dotting eastern Long Island, New York, are known for being a summer retreat for the wealthy and famous of New York.

Within the Hamptons’ many affluent towns, a tiny village of 322 people stands out as the priciest ZIP code on the East Coast and the second-most expensive in the country, according to a November 2019 report by Property Shark.

Sagaponack, a village in the town of Southampton in the 11962, has been called home by CEOs, musicians, famous authors, and celebrities. In December 2019, Drew Barrymore purchased a $US6 million farmhouse in the Hamptons village, the New York Post’s Jennifer Gould Keil reported. The median sale price for a home in the village is $US4.3 million, and to live there comfortably, you’ll need to make at least $US853,738 a year, according to a GoBankingRates study.

But the Hamptons real-estate market as a whole has been suffering. Home sales in the ritzy seaside communities have slumped to their lowest level in 7 years, and there are the most luxury homes sitting on the market since at least 2011, Bloomberg reported. In Sagaponack, the median sale price dropped by about $US1.2 million in the past year, according to PropertyShark.

Here’s a look inside the exclusive Hamptons community of Sagaponack, the priciest ZIP code on the East Coast.


Sagaponack, the most expensive ZIP code on the East Coast and the second-priciest in the country, is a village in the Hamptons, a stretch of affluent seaside communities on New York’s Long Island.

Google Maps

Source: Google Maps


By car, it’s about 2.5 hours from New York City.

Google Maps

Source: Google Maps


Sagaponack was the priciest ZIP code in the US in 2015 and 2016 before it was beat out by Atherton, California, in 2017.

Matthew Eisman/Getty Images for REVOLVE

Source: Property Shark


You’ll need to make at least $US853,738 to live comfortably in Sagaponack, one study found.

Mark Sagliocco/Getty ImagesA home in Sagaponack.

Source: GoBankingRates


The village, which has a permanent population of only 322, is full of multimillion-dollar homes owned by celebrities and CEOs.

Getty Images

Source: US Census Bureau


In an aerial view of the village, you can see that many of the residences include pools and tennis courts.

Google Maps

Source: Google Maps


Talk-show host Jimmy Fallon purchased this $US5.5 million farmhouse in Sagaponack in 2011, according to Curbed.

Google Maps

Source: Curbed


Goldman Sachs CEO Lloyd Blankfein once lived in this home on Sagaponack’s Parsonage Lane. He sold it for $US13 million in 2016, The Wall Street Journal reported.

sothebys

Source: The Wall Street Journal


The billionaire businessman Ira Rennert owns a 29-bedroom, 39-bathroom mansion on prime beachfront property in Sagaponack.

http://www.eefas.com/Jeff Cully/EEFAS

Source: Business Insider


A real-estate broker told Crain’s that the home, which Rennert had built in the 1990s, was worth an estimated $US500 million in 2015.

Source: Business Insider


The mansion reportedly includes a 164-seat theatre, two tennis courts, a 100-car garage, and a 10,000-square-foot playhouse with a basketball court and a two-lane bowling alley.

Source: Business Insider


The singer Billy Joel once lived in this Sagaponack mansion facing the water, but he sold it in 2014 for $US19 million, according to Newsday.

Saunders & AssociatesNancy Mizrahi of Saunders & Associates was the listing agent.

Source: Newsday


In December 2019, Drew Barrymore purchased a six-bedroom farmhouse in Sagaponack for $US5.97 million.


Source:
New York Post


Many of Sagaponack’s lavish homes are hidden from view by tall hedges and rows of trees.

Google Maps

Source: Google Maps


Curbed rated Sagaponack’s Sagg Main Beach as one of the best beaches in the Hamptons. New York magazine called the nearby Gibson Beach “a slice of St. Tropez.”

Shutterstock/BrymerSagg Main Beach

Source: Curbed,New York Magazine


Sagaponack is home to one of the few remaining active one-room schoolhouses in the country, nicknamed “The Little Red Schoolhouse.”

Google Maps

Source: Sagaponack Common School District


The Hamptons village is primarily residential, but residents can dine at the local favourite Old Stove Pub, a Greek restaurant that sells a $US2,280 bottle of French wine, according to Yelp.

Old Stove Pub/Facebook

Source: Yelp


Residents can sip on Hamptons-made wine and rosé cider and rub shoulders with celebrities at the upscale Wolffer Estate Vineyard.

Mark Sagliocco/Getty Images

Source: Wolffer Estate


Stars including the “Top Chef” host Padma Lakshmi and Alec Baldwin have been spotted at events at the winery.

Getty ImagesLakshmi at an event at Wolffer Estate Vineyard in July 2018.

Source: Wolffer Estate


If sipping wine or lying on the beach isn’t relaxing enough, residents can take a stroll through the Madoo Conservancy, a botanical garden in the heart of the village.

Mick Hales

Source: Madoo Conservancy

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