Kelly Real Estate Inc. is significantly expanding its luxury real estate portfolio with the addition of three high-profile projects, further cementing its reputation in the upscale market. These new builds, located in some of Long Island’s most coveted areas, highlight the company’s strategic focus on delivering premier properties that cater to discerning buyers.
90 Roses Grove, South Hampton, NY – Completed and Sold
Kelly Real Estate’s recent success is marked by the completion and sale of 90 Roses Grove in South Hampton, NY. This property, characterized by its opulent design and prime location, quickly attracted attention in the competitive luxury market. The successful sale of this home underscores Kelly Development Corp.’s ability to deliver high-quality, desirable residences that meet the sophisticated tastes of today’s high-net-worth individuals. The completion of 90 Roses Grove reflects a growing demand for high-end properties in South Hampton, a testament to the area’s enduring appeal and exclusivity.
26 Pine Tree Rd., South Hampton, NY – At the halfway mark
Another significant project currently under construction is the 26 Pine Tree Rd. residence, also in South Hampton. This property is currently halfway through its construction phase and promises to be another landmark development in the region. With its design focused on combining elegance with modern amenities, 26 Pine Tree Rd. is expected to set a new benchmark for luxury living in the area. The project has drawn much attention, reflecting the continued interest and investment in South Hampton’s luxury market.
Pine Ave. Projects, Aquebogue, NY – Upcoming Waterfront Developments
Looking ahead, Kelly Development Corp. is set to break ground on a pair of waterfront properties along Pine Ave. in Aquebogue, NY. These upcoming projects will offer unparalleled views and access to Long Island’s scenic waterfront, catering to buyers seeking both tranquility and luxury. The Pine Ave. developments will further diversify Kelly Development’s luxury portfolio, promising to deliver sophisticated, waterfront living experiences that capitalize on Aquebogue’s natural beauty and exclusivity.
Luxury Market Trends on Long Island
The luxury real estate market on Long Island remains robust, driven by strong demand and limited inventory. Recent market data highlights a continued upward trend in luxury property sales. For instance, the median sale price for luxury homes (typically defined as properties over $1 million) in Long Island’s most sought-after areas has seen a notable increase. According to recent reports, the luxury segment has experienced a year-over-year price appreciation of approximately 8-12%, with South Hampton and neighboring areas leading the charge.
Additionally, the number of luxury home sales has remained steady, reflecting both the resilience and desirability of Long Island’s high-end market. Buyers are particularly drawn to properties offering unique features such as waterfront access, modern amenities, and high-end finishes, all of which align with Kelly Development Corp.’s current and future projects.
