Take a look inside the Hamptons mansion that an NYC businessman, who's fleeing the city because of the coronavirus, is renting for nearly $2 million for the summer
Dennis Green,Katie Warren
- A sprawling Hamptons estate rented for $2 million from the end of March to Labor Day, breaking a record for Long Island's East End, The New York Post reported.
- The 11-bedroom mansion was rented by a Manhattan businessman and his family who left the city due to the coronavirus, the home's developer told the Post.
- The home, which was rented by Beyoncé and Jay-Z in 2012, has a 60-foot swimming pool, a spa, a two-lane bowling alley, a basketball court, and other lavish amenities.
- It's also listed for sale for nearly $40 million.
- Rental prices in the Hamptons have skyrocketed in the past couple months as wealthy New Yorkers flee the city.
- Visit Business Insider's homepage for more stories.
The Hamptons, the ritzy vacation destination for affluent New Yorkers, is no stranger to high price tags.
But in March, as the coronavirus pandemic took hold in the US, a sprawling mansion known as the Sandcastle was rented for nearly $2 million, breaking a record for Long Island's East End, Jennifer Gould Keil reported for The New York Post.
Legendary Hamptons developer Joe Farrell, who built the house, said the 11-bedroom Bridgehampton home rented for close to its $2 million asking price a day after it was listed. It was snapped up by "a textile tycoon and his family who were stuck in Manhattan and wanted to leave the city on a day's notice. This was a COVID situation — not a normal summer rental," Farrell said, per the Post.
Farrell did not respond to Business Insider's request for comment.
The Hamptons rental season has started early as New Yorkers flee the city in search of larger, more secluded homes to ride out the pandemic. The market has skyrocketed, leaving even "middle-class rich people" priced out of the market.
The Sandcastle estate regularly draws celebrity renters, including Jay-Z and Beyoncé, who reportedly paid $400,000 to stay in the house for a month in 2012. The property boasts 31,000 square feet of lavish amenities including a movie theater, bowling alley, walk-in refrigerator, wine room, climbing wall, basketball court, private gym, and spa.
Per the Post, the estate was listed for rent with Saunders & Associates, who did not respond to Business Insider's request for comment. It's also listed for sale for nearly $40 million.
Julie Zeveloff and Callie Bost contributed to an earlier version of this story.
Read the original article on Business InsiderREAD MORE ARTICLES ON
Popular Right Now
Popular Keywords
Advertisement