What it's like living in the most expensive zip code in the Hamptons, where the average home price is $7.1 million

Katie WarrenAug 29, 2018, 23:07 IST

A home in SagaponackMark Sagliocco/Getty Images

The tiny village of Sagaponack is the most expensive zip code in the Hamptons.
A study by GoBankingRates found that you'd need to make at least $853,738 to live there comfortably.
The median price of a home in Sagaponack is $7.1 million.
Celebrities and businesspeople, including talk show host Jimmy Fallon and billionaire investor Ira Rennert, own homes in the secluded village.

The Hamptons, a series of beach towns dotting eastern Long Island, is well-known as a summer retreat for the wealthy and famous of New York.

Within these affluent communities, a tiny village of 491 people stands out as the priciest zip code - and by some calculations, the most expensive in the entire country.

Sagaponack, a village in the town of Southampton in the 11962, has been called home by CEOs, musicians, famous authors, and celebrities.

In Sagaponack, a typical home is listed for $7.1 million, according to a study by GoBankingRates. In order to live comfortably in the Hamptons village, you'll need to make at least $853,738 a year, according to the analysis.

Here's a look inside the exclusive Hamptons community.

See What it's like living in the most expensive zip code in the Hamptons, where the average home price is $7.1 million >>

Sagaponack sits in The Hamptons, a stretch of affluent seaside communities on New York's Long Island.

Source: Google Maps

The village, which has a population of only 491, is full of multimillion dollar homes owned by celebrities and CEOs.

Source: US Census Bureau

In an aerial view of the village, you can see that many of the residences include pools and tennis courts.

Source: Google Maps

Talk show host Jimmy Fallon purchased this $5.5 million farm house in Sagaponack in 2011, according to Curbed.

Source: Curbed

Goldman Sachs CEO Lloyd Blankfein once lived in this home on Sagaponack's Parsonage Lane. He sold it for $13 million in 2016, The Wall Street Journal reported.

Source: The Wall Street Journal

Billionaire businessman Ira Rennert owns a 29-bedroom, 39-bathroom mansion on prime beachfront property in Sagaponack.

Source: Business Insider

A real estate broker told Crain's that the home, which Rennert had built in the 1990s, was worth an estimated $500 million in 2015.

Source: Business Insider

The mansion reportedly includes a 164-seat theater, two tennis courts, a 100-car garage, and a 10,000-square-foot playhouse includes a basketball court and a two-lane bowling alley.

Source: Business Insider

Singer Billy Joel once lived in this Sagaponack mansion facing the water, but he sold it in 2014 for $19 million, according to Newsday.

Source: Newsday

Many of the lavish homes are hidden from view by tall hedges and rows of trees.

Source: Google Maps

Sagaponack's Sagg Main Beach is one of the best beaches in The Hamptons, according to Curbed. Nearby Gibson Beach was called 'a slice of St. Tropez' by NY Magazine.

Source: Curbed, NY Mag

Sagaponack is home to one of the only remaining active one-room schoolhouses in the country, nicknamed 'The Little Red Schoolhouse.'

Source: Sagaponack Common School District

The village is primarily residential, but residents can dine at local favorite Old Stove Pub, a Greek restaurant that sells a $2,280 bottle of French wine, according to Yelp.

Source: Yelp

Residents can sip on Hamptons-made wine and rosé cider and rub shoulders with celebrities at the upscale Wolffer Estate Vineyard.

Source: Wolffer Estate

Stars including 'Top Chef' host Padma Lakshmi, Drew Barrymore, and Alec Baldwin have been spotted at events at the winery.

If sipping wine or lying on the beach isn't relaxing enough, residents can take a stroll through the Madoo Conservancy, a botanical garden in the heart of the village.

Source: Madoo Conservancy

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What it's like living in the most expensive zip code in the Hamptons, where the average home price is $7.1 million

Sagaponack sits in The Hamptons, a stretch of affluent seaside communities on New York's Long Island.

It's about a 2.5 hour drive from New York City.

The median listing price for a home in Sagaponack is $7.1 million.

You'll need to make at least $853,738 to live there comfortably.

The village, which has a population of only 491, is full of multimillion dollar homes owned by celebrities and CEOs.

In an aerial view of the village, you can see that many of the residences include pools and tennis courts.

Talk show host Jimmy Fallon purchased this $5.5 million farm house in Sagaponack in 2011, according to Curbed.

Goldman Sachs CEO Lloyd Blankfein once lived in this home on Sagaponack's Parsonage Lane. He sold it for $13 million in 2016, The Wall Street Journal reported.

Billionaire businessman Ira Rennert owns a 29-bedroom, 39-bathroom mansion on prime beachfront property in Sagaponack.

A real estate broker told Crain's that the home, which Rennert had built in the 1990s, was worth an estimated $500 million in 2015.

The mansion reportedly includes a 164-seat theater, two tennis courts, a 100-car garage, and a 10,000-square-foot playhouse includes a basketball court and a two-lane bowling alley.

Singer Billy Joel once lived in this Sagaponack mansion facing the water, but he sold it in 2014 for $19 million, according to Newsday.

Many of the lavish homes are hidden from view by tall hedges and rows of trees.

Sagaponack's Sagg Main Beach is one of the best beaches in The Hamptons, according to Curbed. Nearby Gibson Beach was called 'a slice of St. Tropez' by NY Magazine.

Sagaponack is home to one of the only remaining active one-room schoolhouses in the country, nicknamed 'The Little Red Schoolhouse.'

The village is primarily residential, but residents can dine at local favorite Old Stove Pub, a Greek restaurant that sells a $2,280 bottle of French wine, according to Yelp.

Residents can sip on Hamptons-made wine and rosé cider and rub shoulders with celebrities at the upscale Wolffer Estate Vineyard.

Stars including 'Top Chef' host Padma Lakshmi, Drew Barrymore, and Alec Baldwin have been spotted at events at the winery.

If sipping wine or lying on the beach isn't relaxing enough, residents can take a stroll through the Madoo Conservancy, a botanical garden in the heart of the village.