Are seven-figure summer rentals becoming commonplace?
Last month, Beate Moore of Sotheby's International Realty listed a landlocked Sagaponack home for $1 million for summer 2008. Another million dollar rental has now hit the market, this time a 6-bedroom oceanfront contemporary dwelling designed by Norman Jaffe.
Harald Grant of Sotheby's International Realty is listing the Memorial Day through Labor Day rental situated on Meadow Lane in Southampton. The 6,500 sq. ft. home sits on more than 4 acres, with 200 ft of ocean frontage, and has a Gunite pool and sunken tennis courts.
This is at least the second year in a row that Grant has listed a home for that amount, although he declined to give details of last year's rental, other than the price, when questioned by Newsday earlier this month.