What it's like living in the most expensive zip code in New York, where the average home price is $5.5 million

Mark Sagliocco/Getty ImagesYou’ll need to make at least $US853,738 a year to live in this pricey zip code.
  • The tiny village of Sagaponack in the Hamptons is the most expensive zip code in New York, according to a new report from Property Shark.
  • It’s also the second most expensive zip code in the US.
  • The median price of a home in Sagaponack is $US5.5 million and one study found you’d need to make at least $US853,738 to live there comfortably.
  • Celebrities and businesspeople, including talk show host Jimmy Fallon and billionaire investor Ira Rennert, own homes in the secluded village.

The Hamptons, a series of beach towns dotting eastern Long Island, is well-known as a summer retreat for the wealthy and famous of New York.

Within these affluent communities, a tiny village of 491 people stands out. It’s the priciest zip code in New York state and the second most expensive in the country, according to 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 Sagaponack, the median sale price for a home $US5.5 million, according to Property Shark. In order to live comfortably in the Hamptons village, you’ll need to make at least $US853,738 a year, according to a GoBankingRates study.

Here’s a look inside the exclusive Hamptons community.


Sagaponack sits in The Hamptons, a stretch of affluent seaside communities on New York’s Long Island.

Google Maps

Source: Google Maps


It’s about a 2.5 hour drive from New York City.

Google Maps

Source: Google Maps


The median listing price for a home in Sagaponack is $US7.1 million.

Matthew Eisman/Getty Images for REVOLVE

Source: GoBankingRates


You’ll need to make at least $US853,738 to live there comfortably.

Mark Sagliocco/Getty ImagesA home in Sagaponack

Source: GoBankingRates


The village, which has a population of only 491, 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 farm house 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


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 includes a basketball court and a two-lane bowling alley.

Source: Business Insider


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


Many of the lavish homes are hidden from view by tall hedges and rows of trees.

Google Maps

Source: Google Maps


Sagaponack’s Sagg Main Beach is one of the best beaches in The Hamptons, according to Curbed. Nearby Gibson Beach was called ‘a slice of St. Tropez’ by NY Magazine.

Shutterstock/BrymerSagg Main Beach

Source: Curbed,NY Mag


Sagaponack is home to one of the only remaining active one-room schoolhouses in the country, nicknamed ‘The Little Red Schoolhouse.’

Google Maps

Source: Sagaponack Common School District


The village is primarily residential, but residents can dine at 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 ‘Top Chef’ host Padma Lakshmi, Drew Barrymore, and Alec Baldwin have been spotted at events at the winery.

Getty ImagesPadma Lakshmi at an event at Wolffer Estate Vineyard in July 2018 in Sagaponack

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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