What real estate law did the US Open change?
The 118th U.S. Open is creating a high demand real estate market in New York’s iconic Hamptons. One of the area’s top real estate agents, Douglas Sabo with NestSeekers International, tells Fox News the scope of the U.S. Open’s impact on the rental market there.
While the U.S. Open — and Tiger Woods — continue to boost interest in golf championships, the tournament itself is giving an extra boost to the burgeoning Hamptons real estate market.
Accommodations for staff, spectators and players are in high demand across the iconic Long Island hamlets in the region, and one of the area’s top real estate agents, Douglas Sabo with NestSeekers International, spoke to Fox News about the scope of the U.S. Open’s impact on the rental market.
House rentals are in high demand during the U.S. Open, and some go for as much as $50,000 per week. (Benjamin Nazario)
The 118th U.S. Open will be played at Shinnecock Hills Golf Club in Southampton, N.Y., from Monday, June 11 through Sunday, June 17.
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One major change includes a temporary relief in rental law during the days of the Open.
“People don’t realize that to rent out in the Hamptons, the shortest period that you can rent legally is two weeks,” Sabo explains. “But for the U.S. Open, the law has been changed for special events to be shorter than two weeks.”
The rental market out near Shinnecock, which was usually “weak” in June, has “taken off completely,” says Douglas Sabo with NestSeekers International. (Benjamin Nazario)
Another change included a serious uptick in June’s rental prices. July and August are typically the peak months for real estate, but Sabo says the U.S. Open wildly increased demand for rentals.
“Rentals that are normally kind of weak in June have taken off completely,” Sabo reveals. “The higher-end rental market is asking around $50,000 for either the week or the two weeks around the Open.”
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Sabo adds that, on average, he’s been seeing rental prices of $30,000 for the two weeks during the U.S. Open.
Sabo tells Fox News that it has been extremely fun to be in the Hamptons during the U.S. Open, and that he’s looking forward to the tournament coming back to Shinnecock in 2026 — but if you want to attend, or even rent, you’d better start saving now.