Hamptons Real Estate Hits Record Highs and Hurdles

The Hamptons real estate scene is heating up despite early-season calm, with a record $72M oceanfront sale in East Hampton and luxury home prices soaring 30% to $13M. Commercial deals are breaking records too, as Runyon Group snaps up two Water Mill retail spots for $39M. But behind the glitz, developer Jeremy Morton faces legal woes over a defaulted loan — all while pushing forward with a major new project. Summer may just be starting, but the market’s already showing both dazzling highs and hidden turbulence. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ea372f63b8a740a1