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16 Glen Oak Ct
East Hampton, NY

16 Glen Oak Ct

$3,781,500
6 bd • 7 ba • 5,100 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$3,781,500

Price/Sq.Ft

$741

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

The property at 16 Glen Oak Ct, East Hampton, NY 11937 boasts several impressive features. At 5,100 sqft, it's significantly larger than the average home in the area, offering ample space with 6 bedrooms and 7 bathrooms. The location is prime, situated in the highly desirable East Hampton area, known for its luxury real estate market. The property's landscaping is exceptional, with mature trees including a striking weeping willow and what appears to be a Japanese maple, providing natural beauty and privacy. The well-maintained driveway and manicured hedges suggest meticulous upkeep. At $741.47/sqft, while high, it's actually competitive for East Hampton's luxury market, where prices can easily exceed $1,000/sqft. The property's size and bedroom count make it suitable for large families or as a high-end vacation rental, with potential for strong seasonal income given East Hampton's popularity among wealthy vacationers.

The Bad

Despite its many positive attributes, there are some concerns. The lack of detailed information about the year built, property features, and utilities is problematic for a comprehensive analysis. This missing data could hide potential issues or necessary upgrades. The price of $3,781,500, while not unusual for East Hampton, is still 30.4 times the median income of $124,469, making it unaffordable for most local residents. Property taxes in East Hampton are notoriously high, often exceeding $50,000 annually for luxury properties, which could significantly increase the total cost of ownership. The seasonal nature of East Hampton's rental market means potential income fluctuations for investors, with peak demand limited to summer months.

The Ugly

The most concerning aspects of this property relate to environmental and regulatory challenges. East Hampton is vulnerable to hurricanes and severe weather events, with coastal properties at risk of flooding and erosion. Without knowing the exact proximity to the coast, it's difficult to assess the full extent of these risks, but flood insurance could be mandatory and expensive. The area's strict environmental regulations could limit future renovations or expansions, potentially affecting the property's long-term value. The "mansion tax" in New York adds an additional 1% for properties over $1 million, increasing the upfront cost by $37,815 for this home. Lastly, the competitive nature of East Hampton's real estate market could lead to bidding wars, potentially driving the final price well above the listed $3,781,500.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is best suited for high-net-worth individuals or families looking for a luxurious second home or vacation property. It's ideal for those with an annual income of $1,000,000+ to comfortably afford the mortgage, taxes, and maintenance costs. The spacious layout and multiple bedrooms make it perfect for large families or those who frequently entertain guests. Investors seeking high-end rental properties could also benefit, especially if they can capitalize on the premium summer rental market in East Hampton. The property would appeal to privacy-conscious buyers who appreciate the natural screening provided by the mature landscaping.

Not For

This property is not suitable for first-time homebuyers or those with moderate incomes, given its high price point and potential for significant ongoing costs. It's not ideal for buyers seeking a low-maintenance property, as the extensive grounds likely require considerable upkeep. Those uncomfortable with the seasonal nature of East Hampton and its influx of summer visitors should look elsewhere. Investors seeking consistent year-round rental income might find the seasonal market challenging. Lastly, it's not appropriate for buyers uncomfortable with the potential risks associated with coastal properties, including severe weather events and possible future impacts of climate change.
Demographics
Area Median Income

$124,469

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Risk Assessment

Risk Analysis

Key risks include: 1. Climate vulnerability: East Hampton's coastal location exposes properties to hurricane risks and potential flooding. Insurance costs could be high, and future climate change impacts could affect property values. 2. Regulatory constraints: Strict local environmental and historical preservation laws could limit future property modifications or renovations. 3. Seasonal market volatility: The property's value and rental potential are tied to the seasonal East Hampton market, which could be vulnerable to economic downturns affecting high-net-worth individuals. 4. High carrying costs: Beyond the purchase price, ongoing expenses like property taxes, insurance, and maintenance in East Hampton are substantial and could increase over time. 5. Limited year-round amenities: While bustling in summer, East Hampton can be quiet in off-seasons, potentially affecting quality of life for year-round residents. 6. Water quality and septic system: Many East Hampton properties rely on septic systems, which require maintenance and can be subject to strict regulations to protect groundwater quality.

Financials

Monthly Costs
Market Rent (6 bed)

$3,930

Get a detailed rental estimate on Zillow®

Location & Comparables

Subject Property
Comparable Sales
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