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Hamptons Life

Mar 25, 2019 10:57 AMPublication: The East Hampton Press & The Southampton Press

Parsonage Lane Named Most Expensive Street In The Hamptons

Parsonage Lane in Sagaponack took the number one spot as the most expensive zip code on the South Fork. DANA SHAW
Mar 25, 2019 11:14 AM

Tracking the most expensive homes and zip codes on the South Fork is a time-honored tradition, but now PropertyShark has taken a new tack: The real estate date website has tallied the most expensive streets in the Hamptons.

PropertyShark notes that while the median home sale price in the Hamptons dropped below $1 million in 2018, two streets had their medians surpass $10 million.

Parsonage Lane in Sagaponack took the No. 1 spot with ease—the median price in 2018 was $15,087,000. Sagaponack’s 11962 was named the second most expensive zip code in the United States by PropertyShark with a median sale price of $5.5 million.

At the end of 2018, two Parsonage Lane addresses sold for $16 million or more. They were 550 Parsonage Lane by luxury home builder Jeffrey Colle and 289 Parsonage Lane by JBialsky Premiere Design & Development.

The lane runs between Sagg Main Street and Town Line Road. In addition to some of the most expensive estates that can be found on the South Fork, Parsonage Lane features agricultural preserves.

Taking the No. 2 spot is Bridgehampton’s Jobs Lane, between Dune Road and Mecox Lane, at $10,900,000.

Only streets with three or more sales in 2018 were counted, according to PropertyShark.

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