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Hamptons.com
July 10, 2013

Price It Right: Hamptons Real Estate Insights From Douglas Elliman’s Richard Doyle

Nicole B. Brewerby Nicole B. Brewer
in Real Estate
Home Real Estate

Hamptons native Richard Doyle, Vice President at Douglas Elliman Real Estate in Southampton, might be relatively new to the real estate, taking home “Rookie of the Year” honors in 2009, but he understands the Hamptons market telling us, “If the price isn’t right, well then, let it sit. We have to be realistic as buyers and sellers to comprehend there is a fair price for every location.” He followed up the Rookie nod with President’s Circle in 2011, Chairman Gold Circle in 2012, and was named one of the Top 10-Hamptons, Long Island, & Westchester also in 2012.

What is an easy way to increase the value of a property?
RD: Put yourself in the buyer’s shoes and just pretend. There are certainly many easy fixes that are over looked that can effortlessly help sell a property in maximizing the curbside appeal. The most important factor is having the right broker to represent your property that can properly expose, highlight all the selling points, and work outside the box to get the job done. Price it right is most crucial aspect in order to get top dollar instead of chasing the market and letting the property sit, decreasing in value.

Which towns or villages are the most sought-after right now?
RD: This can be considered case by case. I hear, in the numbers, that Montauk, further east markets, are on the rise, but I have personally dealt with a lot of buyers this year taking focus strictly to Water Mill. There will always be a premium with waterfronts, but after the Hurricanes and rules/regulations, open farm land is right atop the list.

Hamptons native Richard Doyle, Vice President/Gold Circle/Top 10 in the Hamptons (2012) at Douglas Elliman Real Estate in Southampton. (Courtesy Photo)

What’s the most extreme thing you’ve done to make a sale?
RD: Recently, I paid a lot of money out of my personal pocket to get renters out of my sale listing into a better home, with the risk of not having the sale go through. There was no guarantee the sale was to go through, even though it did, I certainly had to get creative. The situation was beyond tricky, but there is only one way to stay ahead of the curve in this business and it deals with thinking outside the box.

What are the emerging trends in architecture?
RD: More modern and unique architecture are starting to take notice in new construction, however the open-spaced floor plans with white marble, cedar shake traditional always has a place in the Hamptons. En-suite bedrooms up/down and more salt water pools.

How have buyers and sellers changed over the past two years?
RD: With where technology is, buyers and sellers have become more consumed with information. Of course this can be a worthy notion, just as long as the information is accurate. Brokers have the tools to advise both sides correctly to price right!

What is your forecast for the fall/winter real estate season in the Hamptons and North Fork?
RD: Although there is no factual answer at this point in time, we can only hope that business continues to thrive in this recovering economic/real estate market. We have been steam rolling before the fiscal cliff 2012 talk cliff right into this summer. I expect this busy market to endure. In my opinion, we need more inventory to hit the market this fall/winter for all of us to keep riding the wave. Fall is always a demanding stretch.

What is a sure sign of a “Hamptons” home?
RD: Home is what you make it and what you love about it, not about chasing the “Hamptons” home. The majority seems to still be the cedar shingled traditional of new construction phase. However, there is a butt for every seat, and it’s all about understanding and listening closely to the details of the customer’s needs in their own “Hamptons” search because every buyer is different.

When it comes to unique features and amenities, homes in the Hamptons and on the North Fork have it all. What feature has surprised you the most?
RD: Buyers are just as concerned with amenities outside as well as inside their potential Hampton homes. The outdoor fireplace and pool houses for entertainment are popular novelties as well as elaborate media rooms.

Tell us about one of your favorite listings on the market right now.
RD: Listings come and go, but currently one of my favorites is 249 Sebonac. Located privately between the world ranked golf courses and the Peconic Bay, this rare Hamptons beauty is a unique Post & Beam pine-framed with room for tennis, and is yours for the taking.

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The Hasley House Gala Raises Money In The Hamptons With A Bang

The Hasley House Gala Raises Money In The Hamptons With A Bang

  • 167 Dune Road, Bridgehampton, NY 11932⁠
Saunders Exclusive: $42,500,000⁠
@jenniferwilsonhamptons 
@edbruehl @leemohlerehamptons 
@hamptonsrealestate 
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Experience extraordinary coastal living with this exquisite oceanfront estate on Dune Road in Bridgehampton. ⁠
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Designed by the renowned architect Francis Fleetwood, this remarkable property boasts 300 feet of private ocean frontage, complete with its own private boardwalk leading directly to the beach, all set on over 3 acres of prime land.⁠
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The charming shingle-style residence encompasses 4,200 +/- sq. ft. of luxurious living space, featuring 5 bedrooms and 5 full bathrooms, plus an additional half bath.⁠
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Read the full article at Hamptons.com (Link in Bio)⁠
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#duneroad #oceanfront #bridgehampton #realestate #hamptons #francisfleetwood ⁠
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  • The Hamptons have seen their fair share of collaborations and takeovers this summer. Still, nothing compares to The h.wood Group and Chase Sapphire Reserve’s transformation of Montauk hotspot Mary Lou’s into Delilah Montauk.⁠
⁠
The four-day takeover combined unforgettable dining experiences with show-stopping live entertainment featuring performances by Zack Bia, Alesso, Gwen Stefani, and DJ Pee.Wee (Anderson Paak). ⁠
⁠
Exclusively for Chase Sapphire Reserve cardholders, diners were treated to white glove hospitality and Delilah’s staples, including the famous chicken tenders and tuna tartare, and bold twists on Hamptons classics like lobster rolls, striped bass crudo, and crab and avocado toast. 

Check out more at Hamptons.com (Link in Bio)

#gwenstefani #alesso #djpeewee #chasesapphirereserve #delilahmontauk #montauk #hamptons
  • LVIS thrift shops are open Tuesdays through Saturdays 10 AM through 5 PM

donations are accepted Wednesday through Saturday 10 AM through 1 PM by appointment 

located at 95 Main St East Hampton
  • Check out the Top Hamptons Events This Weekend!⁠
⁠
🚗 The Bridge IX⁠
📅 Sat, Sept 13 | 2–7PM⁠
📍 The Bridge, Bridgehampton⁠
Over 300 rare automobiles showcased across stunning landscapes.⁠
⁠
🎬 23rd Annual Surf Movie Night⁠
📅 Fri, Sept 12 | 5:30–9PM⁠
📍 Southampton Arts Center⁠
Surfboard swap, live music & outdoor film screening. 🌊⁠
⁠
🍝 San Gennaro Feast of the Hamptons⁠
📅 Sat, Sept 13 – Sun, Sept 14 | 10AM⁠
📍 Hampton Bays⁠
Italian pastries, live entertainment & fireworks Sat @ 8:15PM 🎆⁠
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🎭 In Process: Roderick George⁠
📅 Sat, Sept 13 | 7PM⁠
📍 Guild Hall, East Hampton⁠
A special in-process presentation of The Missing Fruit (Part I).⁠
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🎤 Sheena Easton at WHBPAC⁠
📅 Sat, Sept 13 | 8PM⁠
📍 Westhampton Beach PAC⁠
Grammy-winning artist live on stage!⁠
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☕ Cars & Coffee⁠
📅 Sun, Sept 14 | 9–11AM⁠
📍 Bridgehampton Museum⁠
Classic & exotic cars, food, drinks & live music.⁠
⁠
🛍 Hampton Vintage⁠
📅 Sun, Sept 14 | 10AM–5PM⁠
📍 Westhampton Beach Village Green⁠
Shop unique vintage finds!⁠
⁠
🎶 Hamptons Festival of Music Finale⁠
📅 Sun, Sept 14 | 4PM⁠
📍 St. Luke’s Church, East Hampton⁠
Featuring Cimarosa, Berlioz & Beethoven.⁠
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🍷 Wine Dinner with Pradorey at R.AIRE⁠
📅 Tues, Sept 16 | 6:30PM⁠
📍 Hampton Bays⁠
Five-course tasting menu with exquisite wine pairings.⁠
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🎥 Toy Story 30th Anniversary Screening⁠
📅 Sept 12–15 | Various Times⁠
📍 Southampton Playhouse⁠
Celebrate Woody & Buzz’s timeless adventure!⁠
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Check out more events at Hamptons.com (Link in Bio)⁠
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#carshow #hamptons #sangennaro #sangennarofeast #winedinner #bridgeIX
  • The Animal Rescue Fund of the Hamptons (ARF Hamptons) hosted the Bow Wow Meow Ball in East Hampton. The evening’s honorees, Ellen and Chuck Scarborough, were presented with the Champion of Animals Award, recognizing their more than twenty-five years of support to ARF. ⁠
⁠
Over 400 guests celebrated ARF’s remarkable work with cocktails, followed by dinner catered by Olivier Cheng. Peter Marino, accompanied by his daughter and ARF Board Member Isabelle Trapnell Marino, presented the Scarboroughs with their award. ⁠
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📸: Patrick McMullan/PMC⁠
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Check out the full gallery at Hamptons.com (Link in Bio)⁠
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#arf #bowwowmeowball #hamptons #animalrescuefund #animalrescue
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