Southampton Street Ranked Among Top 15 'Most Expensive' in America

Coopers Neck Lane in Southampton was recently named one of the top 15 most expensive streets in America, according to Zillow.

The street ranked No. 8 on the list with a median home value of $11.87 million based on an analysis by Zillow of streets with at least 10 homes.

Coopers Neck Lane is the only New York street among the top 15, with streets in California and Florida dominating the list.

The top three most expensive streets in America:

• Indian Creek Island Road in Florida with a median house value of $21.48 million
• Beverly Park Circle in California with a median house value of $16.24 million
• Beverly Park Terrace in California with a median house value of $15.81 million

A home at 199 Coopers Neck Lane is currently on the market for $18 million. The three-story estate designed by renowned architect Grosvenor Atterbury boasts 11 bedrooms, 13 bathrooms, nine fireplaces, sweeping staircases, and luxurious family and entertaining areas.

According to Spencer Rascoff and Stan Humphries, co-authors of the book ”Zillow Talk: The New Rules of Real Estate,” in general, the most valuable street names describe something about a home’s location.

The co-authors also found that all of the ’most expensive’ streets are names instead of numbers.

The two only found three places among the 20 largest metro areas in the entire nation where named streets don’t have the advantage,” they write in their book. “In Atlanta and New York, named and numbered streets come out roughly equal. Denver is the solitary example of a place where numbered streets are more valuable — probably because homes in its premier neighborhood of Country Club are located on numbered streets.”

Photo: Zillow.com

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