Trophy Homes
 

I fished this morning along millionaires row. I thought I would share a few pics of how the titans of society spend their summers.

I actually took these pictures so my wife could see what they look like because you can see them from the road when we drive by

that's not Newport

many more than just these

Hey Phil check out these ones. These 3 homes, yeah right homes, are all on the same lot. They bought the 2 houses on the lot and then leveled them and started putting these up. Still not done yet. I can't wait to see the landscaping. The cottage I bought down the road about 2 miles could fit in the bathrooms I'd bet. All these places are probably only summer places. The lot on the water is probably like 6 acres too. Just the land must have been as much as some third world countries budget.

that first house in the second post is just ridiculous.. you could live in that house and never make it to some of the rooms!

where is this professor?

unbelievable homes

They are all ridiculous. This isn't even the expensive grand island and inner harbor area. You should see some of them.

Osterville, Cape Cod. 02655

don't post pics of my house please

Its really crazy when you think about it, a good hedge fund manager can make enough in a year to buy like a half dozen of those homes I bet. Gotta love America!

Is that where the albies hang out, with the Rich & Infamous?

The sad part of it - these homes only get used about 30 nights a year...

No Phil. They avoid that area.
The crazy thing is these homes are no more than 10 feet above sea level and look direct South. In between the islands so any Hurricane is going to be coming straight in their front yards.

Hey I'm with Slip on this one, I wont let you park in the driveway anymore
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Jeez I hope I did not insult any members here. One might live in one of those shanty's. Maybe they will adopt me.

Doesn't the DuPont family live there?
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I carry their bags at Oyster Harbors :devil2: My friend does house checks during the winter on the island... these people literally pay people to walk through their house during the winter, and thats a full time job, need I say more? LOL

My brother works finish construction on houses similar to these. He says some of the lumber is outrageous. $300 for a 10 ft piece of lumber....A customer recently came to them wanting a job done in Jamestown, but before he hires the company he's sending a crew of guys down to Key West , Fla for the month of October to work on his condo. If he likes their work, then they will get the Jamestown job.
Must be nice to have that kind of $$ to throw around.

I see the same thing on lake winnipesauki...... their storage sheds are better/bigger than my house....they have care takers watch the property in the summer and winter...every once and awhile... they might stay there in the winter when they lower their standards and ski new hampshire instead of Aspen or Switzerland...I get the pleasure of waking them up with my auger( always after 7 :devil2:)... one year had a woman come and tell me I couldn't fish out in front of her house... the reason .. she wanted to use her out door hot tub.. and I was disturbing her privacy.. my guess her mid winter romp was probably not with her husband...BTW.. i stayed put... she called the police.. they sent the wardens.. the wardens checked our licenses and told us to have a nice day...

P. five years ago someone bought one of the most beautiful houses on a stretch overlooking Sampson in pristine condition. The view is breath taking.
Because it wasn't the largest house on the stretch they tore it down and built the largest one on the stretch,which took 3 years. IMO the new one is modern ugly compared to the old Cape Cod house.
Can't imagine someone buying a house as beautiful as that tearing it down and wasting 3 years not being able to enjoy it while the new one was being built.

They probably rented one down the road while they were waiting.
We do a lot of work on Lake George, not much different. Buy a house for a million plus, tear it down and put up what you want.

A good friend is in the process of buying an 8M dollar teardown in Edgartown,the only thing he is saving is a 120' dock.I smell derby.

Built a couple on the island in the 80's,,, different world & a royal pia with security, deliveries, work hours,,,
They are bigger an much more complex now days!

Gone Fishing :)

Ah, McMansions. Take the ferry to Nantucket. Leaving Hyannis harbor, look west along the Cape shoreline as far as the eye can see. And those are all you'll see.

Same thing when you get close enough to Nantucket. Look to the right of the harbor, all the way towards Madaket. Same thing. Developed to within an inch of its life.

Nobody's fished Long Island? :confused:

I have done work on a number of premier waterfront homes up here, some of which I have posted pics of in the past. A lot of these homes now have for sale signs up due to the pending new flood zone maps and the mandatory insurance a mortgage company could force upon the owners.... Some premiums I have heard are running in the six figure range.... That will separate the rich from the really rich. As well as those who have a mortgage from those who don't. The flood zone deal is going to be a big topic. Soon.

Yeah, if they're selling because of the new flood maps, they couldn't afford it in the first place.

It SHOULD have been a big deal back in June when it was announced. Insurance industry knew about it at the end of last year, but didn't know how the maps were being done.

Basically the grandfathering is all done, as it should be.

Yup.
Going back to actuarial rates, no longer subsidized rates. This began post-Katrina, but took a while to get through.

If you can afford to live/build there, buy insurance, or don't, your choice. If it falls down, and you chose no insurance, don't ask the Feds to bail you out.

Novel approach, huh?

You get out of here with your crazy common sense!