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Unsold Hamptons homes flood market with million-dollar homes in foreclosure

Unsold Hamptons homes flood market with million-dollar homes in foreclosure


FOX NEWS-

There’s house trouble on the East End of Long Island.

Five years after the housing bubble burst, the number of unsold Hamptons homes has hit a 30-year high while prices have plummeted.

A stunning 48 homes worth more than $1 million are in foreclosure, according to the industry monitor PropertyShark.com.

They include some Gatsby-esque mansions, like a $4.9 million, three-story property on 2.1 acres in Westhampton Beach with seven bedrooms, five-and-a-half baths, guest cottage, tennis court, cabana and bayside pool.

Read more: [FOX NEWS]

image: village voice

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