Home » Wall Street is eyeing this Long Island area as the ‘new Hamptons’

Wall Street is eyeing this Long Island area as the ‘new Hamptons’

by Mahmmod Shar

By Mary K. Jacob

The most expensive home for sale in Atlantic Beach, Long Island, has just listed for $11.5 million.

Indeed, this marks the biggest number seen for the chiefly laid-back area — though probably not for long.

As Wall Street is set to return to a full five-day work week, the Hamptons is starting to seem pretty far away.

This part of the island, with a lowly population of about 1,800, comes with all the perks of the Hamptons — right on the water, for starters — and it’s just a breezy hour away from the city and away from the crowds.

Rarely do homes list in this area.

Currently, only 15 properties are on the market.

Many financiers are eyeing properties such as this one, where they envision quick year-round weekend trips to escape the hustle and bustle of the city.

Enzo Morabito and Thomas Tripodi with Douglas Elliman hold the listing.

“Atlantic Beach is the Hamptons without the commute,” Tripodi told The Post. (And, after all, the trek to the Hamptons in the peak season routinely comes with frustrating traffic jams.) “You can live on the water, seconds from the beach, and yet close enough to the city that you can commute on a Tuesday or every day.”

A view of Atlantic Beach, Long Island.
Atlantic Beach, Long Island is just an hour away from the city and away from the crowds.

The home is right on the water and only 22 miles from downtown NYC.
The home is right on the water and only 22 miles from downtown NYC.

The home occupies 7,000 square feet.
The $11.5 million home occupies 7,000 square feet.

The pool and spa.
The house has a pool and spa that overlook the water.

“Prices here have almost doubled since COVID and now the return to a normal in-office work week is driving another rush of buyers who prize convenience,” Tripodi added. “Some are looking to live here full-time, others want a second or third home that’s closer than the Hamptons, and they all share the same problem: There isn’t enough inventory for the amount of buyers there are.”

On a double, bay-front lot, this six-bedroom, six-bathroom estate is on the market for the first time since 2006.

Occupying 7,000 square feet, it last traded hands for $2.33 million.

Ever since, many renovations and updates have taken place.

The family room.
The spacious family room looks out at the yard.

The kitchen.
The kitchen has an island and large windows.

The master suite.
The master suite is one of six bedrooms in the home.

The loggia.
The loggia opens up to the yard and pool area.

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

“This exquisite property offers breathtaking water views and the idyllic Hamptons lifestyle, all within an easy commute,” the listing notes.

Other features include a private guest suite.

The master suite boasts wide views.

The study/library.
The study/library boast large bright windows.
The guest suite.
The home features a guest suite.


The balcony off the master suite.
The master suite features a balcony off of the room.
The wet bar.
The home features a wet bar.
The billiards room.
The billiards room is great for entertaining.


The formal dining room.
The formal dining room is bright and airy.
The formal living room.
The formal living room has large windows for the amazing views.
Another bedroom.
One of the six total bedrooms.


The primary bathroom.
The ensuite bathroom attached to the master suite.
The fitness room.
The home comes with it’s own gym.
The wine cellar.
The home has a wine cellar.


The home theater.
The listing boasts a state-of-the-art home theater.


“There are myriad reasons to buy this house. It’s beautiful, has a great layout, all the right amenities, and so on. But if I had to pick the two features that will win over our buyer it’s the perfect beachfront location near the city and the rare ability to keep a yacht,” Morabito told The Post.

“[The property at] 139 Bayside Drive is a double lot so you can have an 80-foot boat and many others for running around the bay. You’re in protected water, just a five minute ride out into the ocean. You can’t find that anywhere.”

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