The Hamptons Turnkey Condo Trend is Here to Stay
The turnkey condo trend is here to stay, says Saunders & Associates founder Andrew Saunders, who notes the “significant growth in the market among aging baby boomers who want to downsize but stay in the Hamptons,” particularly in pedestrian-friendly Sag Harbor. Located at 21 West Water Street, Harbor’s Edge on Sag Harbor Cove (above)—which opened for sales in early May—offers two- and three-bedroom condominiums between $2.25 million and $4.1 million and penthouses from $5.75 million to $6.5 million, all with access to a rooftop pool and lounge area and all facing the water, with landscaped yards and private terraces.
For beach lovers who can’t commit to anything more than a long weekend, there’s Baron’s Cove at 31 West Water Street, which has undergone a two-year renovation, courtesy of Cape Resorts, complete with 67 luxury guest rooms, a restaurant headed by Vine Street Café’s Matty Boudreau, pool, tennis, spa services, and sweeping water views. And after several years, the developer’s parent company, Cape Advisors, is finally nearing the finish line at the Watchcase, a 64-unit condominium project in the former Bulova watchcase factory in the center of town. “This summer marks the long-awaited completion of a property that’s been a national model for historic revitalization,” says Watchcase co-owner Curtis Bashaw. Certificates of occupancy were issued in January, and nearly all the residences—ranging from $1 million to more than $10 million—are sold out.
A version of this article appeared in the June 2015 issue of Hamptons Cottages & Gardens with the headline: Deeds & Don'ts: Curious George.