More summer renters are setting their sights on the North Fork, says Patricia Gleason, senior vice president of The Corcoran Group’s Cutchogue office. Many of these renters, she says, are looking for high-end properties and are opting for extended season leases into September and October.
Gleason just clinched a deal on what she says may be a record price, $90,000, for an extended season rental for a home in Mattituck. “I have not heard of anything higher for this area.” The five-bedroom, 6.5-bath home on Lloyd’s Lane has been leased from the end of April to the end of September. The Long Island Sound-front home is also for sale for $3.4 million.
“There’s a whole different feeling on the North Fork…it’s much more laid back,” she says. “We have beautiful beaches, all with public access, open rural spaces, vineyards and no traffic problems.” Gleason says that renters in September and October enjoy “beautiful weather, changing leaves and fall pumpkin festivals.”
Gleason says that while North Fork rents are still less expensive than those on the South Fork, “the prices are getting closer and closer.” Other recent deals she has closed are a $60,000 summer rental and a $25,000 rental for the month of August.