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Hamptons.com
October 30, 2013

Hamptons Real Estate Is A Secondary Market Says Corcoran’s Michael Schultz

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

“New York City wants to be here,” says Hamptons real estate agent Michael Schultz, in the field for six years and currently hanging his shingle with the Corcoran Group in Wainscott and NYC, comes to the industry with 30 years of retail experience under his belt. He says that the Hamptons real estate market is special to potential buyers, many of whom he says are “high finance professionals” because it has everything, “Ocean beaches are bar none the best. Produce, restaurants, tennis, golf, investment growth, and their friends.”

A Hamptons homeowner in his own right since 1985, Schultz tells Hamptons.com that he still thinks of himself “as new because it’s my passion.” When he’s not selling homes South of the Highway, he indulges his other passion for sailing in Sag Harbor and in Georgica Pond.

Michael Schultz of the Corcoran Group. (Courtesy Photo)

The Hamptons market has the high-end luxury section with homes well over $7 million and the flip side with homes under $500,000, plus all of the great homes in between. Where are the buyers right now?
MS: Currently, they are in every part of the market. In 2009, 2010, 2011 people that had money jumped in and took advantage of buying great location homes. In 2012 and 2013 everyone is jumping in. Real Estate now is like Blue Chip stocks.

What is your forecast for the summer/fall real estate season in the Hamptons?
MS: In the fall some of the buyers are out there, but people forget this is a secondary market. The majority of buyers are never cavalier with their money and the prices don’t increase as well [in the Hamptons] as NYC and Brooklyn.

What are the emerging trends in architecture?
MS: Younger people really want modern interior décor in bathrooms and kitchens. Box type ultra modern houses outside and inside. Modern barn style houses are ‘in’ because it looks agriculture.

If “location” is the first rule in real estate, what is the second? Why?
MS: White, white, white interiors. Location means you can change the house but you cannot change the location.

Which towns/villages are the most sought-after right now?
MS: Currently, it depends on where the buyer is from. People want to be further west and they see east like Amagansett area closer to the beach than in Southampton, etc.

Tell us about one of your favorite listings on the market right now.
MS: Very special home by Dan Scotti. A 7,000 SF, 6 bed, 6 bathrooms, 2 half baths. Dan has the designer’s eye for detail and finishes; he creates a house that looks old from the outside and new inside. Diamond cut windows, no sheetrock, tongue and groove, all the attention to detail. 130 Further Lane, East Hampton.

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THFM 2025 Festival Concert #2

September 11 @ 07:00 PM - September 11 @ 09:00 PM
St. Luke's Episcopal Church East Hampton Village, 18 James Ln, East Hampton, NY 11937
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Arts and Archives presented by Springs Historical Society and Community Library, Opening Reception, September 13 Ashawagh Hall

September 12 @ 01:00 PM - September 14 @ 03:00 PM
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Surf Movie Night 2025

September 12 @ 05:30 PM - September 12 @ 09:00 PM
Southampton Arts Center, 25 Jobs Ln., Southampton, NY
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Limewired Live at Meschutt Beach

September 12 @ 06:30 PM - September 12 @ 09:00 PM
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Willie Nile Band

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Alice + Olivia Collaborating With Starbucks For Chic Holiday Collection

Alice + Olivia Collaborating With Starbucks For Chic Holiday Collection

  • 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
  • Make sure to add this event to your list for next summer
#Seafood #localeats #mtk #montaukgreen
  • I recently toured the new Rolex Boutique by London Jewelers in East Hampton, and it’s one of the most beautiful retail spaces I’ve ever stepped into. Located on Newtown Lane, the boutique is set inside a restored historic home that dates back to 1897, originally designed as a summer cottage.⁠
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From the outside, it has that classic East Hampton charm, cedar shingles, white trim, and lush landscaping. But once you step inside, it’s all about quiet sophistication.⁠
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The space is warm and welcoming, with walnut wood paneling, soft neutral tones, and beautiful textures throughout. There’s a fluted marble wall in a rich green Verdi Alpi stone that immediately catches your eye. It’s one of those details that’s understated but unmistakably Rolex.⁠
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Read the full article at Hamptons.com (Link in Bio)⁠
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#rolex #easthampton #hamptons #luxury #watch⁠
  • 🎾 Men’s US Open Final Viewing Party⁠
📅 Sun, Sept 7 • 2–5PM⁠
📍 Canoe Place Inn, Hampton Bays⁠
Watch the riveting Men’s US Open Final with drinks, grilled classics & fellow tennis fanatics in the lush garden.⁠
⁠
🦞 Montauk Seafood Festival⁠
📅 Sat, Sept 6 – Sun, Sept 7 • 12–5PM⁠
📍 On the Green, Montauk⁠
The ultimate seafood event in the Hamptons! Lobster rolls, fish tacos, chowder, oysters & more 🐚🍤⁠
⁠
🩰 Master Class w/ Kat Wildish⁠
📅 Sat, Sept 6⁠
📍 Hamptons Ballet Theatre School, Bridgehampton⁠
Open-level adult ballet class with world-renowned former NYCB & ABT dancer Kat Wildish. One day only!⁠
⁠
🎶 Hamptons Festival of Music⁠
📅 Sat, Sept 6 • 7PM⁠
📍 St. Luke’s Episcopal Church, East Hampton⁠
THFM’s MainStage Festival Orchestra featuring The New American Sinfonietta 🎻✨⁠
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🌾 Outstanding in the Field (Sagaponack)⁠
📅 Sun, Sept 7 • 3PM⁠
Dine where the food is grown! Guest chef Jason Weiner returns for his 19th year 🍽️🌱⁠
⁠
😂 Samantha Bee Live⁠
📅 Sat, Sept 6 • 8PM⁠
📍 WHBPAC, Westhampton Beach⁠
Award-winning comedian Samantha Bee brings her one-woman show to the Hamptons!⁠
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🍴 Stirring The Pot: Andrew Carmellini⁠
📅 Sun, Sept 7 • 11AM⁠
📍 Guild Hall, East Hampton⁠
NYT’s Florence Fabricant interviews star chef Andrew Carmellini about his restaurant empire.⁠
⁠
🌕 Full Harvest Moon Hike⁠
📅 Sun, Sept 7 • 7:30PM⁠
📍 Meet at SOFO Museum, Bridgehampton/Sag Harbor Tpke⁠
Walk under the moonlight with Friends of the Long Pond Greenbelt 🌙✨⁠
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🎨 Style Beading Workshop⁠
📅 Fri, Sept 5 • 1PM⁠
📍 Nathaniel Rogers House, Bridgehampton⁠
Join Indigenous artist Savannah LeCornu to learn traditional beading techniques.⁠
⁠
⛳ A Legendary Day at Sebonack!⁠
📅 Tues, Sept 9 • 8:30AM–5PM⁠
📍 Sebonack Golf Club, Southampton⁠
An unforgettable day of golf supporting Westhampton Beach PAC 🌟⁠
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👉 Which event are you going to this weekend?⁠
⁠
Check out more events at Hamptons.com (Link in Bio)⁠
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#community #entertainment #hamptons #usopen #golf #comedy #seafood #montauk
  • Hamptons fashion week was hosted at Zoe Hospitality Private Membership Club, featuring designer Johnny Was, Porshia Swim, Vernice Holmes, Atelier H, Cesar Galindo, SixyByVenice and Ines Hernandez Hats.

#hamptonsfashionweek
  • As the summer comes to an end, it’s time to find out what everyone was reading this summer.
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