Is this the new Hamptons? Atlantic Beach in Long Island is being eyed by investors as an alternative to the millionaires’ oasis – with properties reaching median prices of $1.5 million

Forget trekking to The Hamptons, wealthy New Yorkers now have a great place to visit much closer to home.

Atlantic Beach, which sits on the western tip of Long Island, is just an hour’s drive away, as opposed to the much-vaunted Hamptons, 100 miles to the east – and a good two and a half hours’ drive, on a good day.

The Hamptons has long been the summer playground for wealthy New Yorkers and celebrities with many high profile individuals owning real estate and vacation homes in the area.

It offers beautiful sandy beaches, luxury shopping, art galleries, upscale restaurants and a vibrant nightlife, making it a sought-after vacation destination for the rich and famous.

When it comes to real estate, the Hampton’s market is one of the most expensive in the country – but now Atlantic Beach may be giving the area a run for its money.

Similar to The Hamptons, the Atlantic Beach real estate market is also exclusive and expensive, especially for waterfront estates and luxury homes

When it comes to real estate, Hampton’s market is one of the most expensive in the country – but now Atlantic Beach offers an attractive alternative

Properties, especially waterfront estates and luxury homes, can cost into the millions of dollars.

But like The Hamptons, Atlantic Beach real estate also has a limited supply of homes for sale. At the moment there are only 15 properties for sale.

The most expensive property currently for sale in the village of 2,000 was recently listed with an asking price of $11.5 million – a new all-time high for the area.

The 7,000-square-foot home at 139 Bayside Drive consists of six bedrooms and six bathrooms.

When it was last on the market, it sold for $2.33 million.

Atlantic Beach is located on the western tip of Long Island, just an hour from NYC, unlike the acclaimed Hamptons, 100 miles east

Like The Hamptons, Atlantic Beach real estate also has a limited supply of homes for sale. At the moment there are only 15 properties for sale

The dining room at 139 Bayside Drive in Atlantic Beach is seen

The house on the water offers enough space for socializing and relaxation

The sitting room has a walk-up bar and patio doors that overlook a pool deck

Features include a 140 foot floating dock, pool and spa, pool deck

Features include a 140-foot floating dock, pool and spa, pool deck, and a state-of-the-art home theater.

The estate offers a beautiful view of the water and the Atlantic Ocean.

The scarcity of such properties has led to a rise in property values ​​and demand from potential buyers.

The quaint village of Atlantic Beach is also known for its beautiful sandy beaches and oceanfront residences.

Like The Hamptons, Atlantic Beach also offers a quiet and laid-back vibe – but in some ways it’s even more appealing to those seeking a beachside retreat while still being able to get to town with ease.

In an aerial view over Southampton, New York, homes line the ocean

The Hamptons, on South Fork in eastern Long Island, are a series of coastal communities known as a summer destination for affluent New York City residents

Many Hamptons residents dock their boats in Sag Harbor to take advantage of the open waters that surround Long Island

“Atlantic Beach is like the Hamptons without the long haul.” Douglas Elliman’s broker Thomas Tripodi told the New York Post. “You can live on the waterfront, just steps from the beach, yet so close to town that you can commute on a Tuesday or every day.

Its proximity to the city is particularly attractive with traffic jams ruining the nearly three-hour journey to the Hamptons during the busy summer months.

“Prices here have almost doubled since COVID and now the return to a normal office work week is bringing a new wave of buyers who appreciate convenience. Some want to live here full time, others want a second or third home closer than the Hamptons, and they all have the same problem: there isn’t enough inventory for the number of buyers out there.”