|Private Residence, Montauk Highway, Westhampton|
|Private Residence, Eastport|
|Ezekiel Sandford House, Bridgehampton|
Development rights are a traded commodity. You've probably heard of them when farm owners sell the development rights to their property. Each property inherently has development rights. In order to increase the density of your property, you have to acquire more development rights. In the town of Southampton, if you want a guest (aka "carriage") house on your property, in addition to meeting minimum lot size and other criteria, you have to buy, or "transfer", a development right. Out here, east of the canal they can be purchased for about $100,000 each; west of the canal, the cost is about $50,000. However, if you are an owner of a qualifying historic structure, and you are willing to designate it as a landmark, you can have a legal guest (aka "carriage") house without having to acquire the development right; the town will simply extinguish one of the development rights in their bank of rights, in exchange for you adding this layer of preservation protection to your property.
|437 Flanders Road, Riverside|
|724 Montauk Highway, East Quogue|