9 Richest Neighborhoods on Long Island

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There are a lot of neighborhoods in Long Island, but the question is, “Which one of them is the richest?” Long Island attracts many wealthy people through its upscale communities, unforgettable dining experience, lavish waterfront living, and so much more.

It is always interesting what affluent neighborhoods look like. Thus, this might be why you found a list of wealthy places on Long Island. Well, you’re in for a treat. In this post, you will find the 9 richest neighborhoods in Long Island and learn more about them.

9. Amagansett

Median home value: $2,200,000
Year founded: mid-17th century
Population: 1,164 (as of 2020)
Land area: 6.7 sq miles2 (17.3 km2)

AmagansettImage source: Shutterstock

While Amagansett offers a lot of things to people, the most popular feature of the place is its beaches. In 2013, Dr. Beach named Indian Wells Beach, Main Beach, and Atlantic Avenue Beach the best beaches in the United States.

Aside from the beaches, you’ll also find the Amagansett National Wildlife Refuge, a 36-acre nature reserve. It is a natural sanctuary for various animals and plants, some already considered rare.

There are also historic landmarks in Amagansett. These include the Nathaniel Rogers House. In the past, the hamlet was a fishing and whale-watching area. Today, it has several commercial fishing operations plus world-class seafood restaurants.

Did you know?

Amagansett came from the Montaukett name, which means “place of good water.” This place is a water source found near the Indian Wells beach.


8. Oyster Bay Cove

Median home value: $2,300,000
Year founded: the 17th century
Population: 2,139 (as of 2020)
Land area: 4.16 sq miles2 (10.77 km2)

Oyster Bay CoveImage source: Long Island Press

The English and Dutch colonists arrived in Oyster Bay Cove in the 17th century. Little do they know that the place would eventually become an affluent neighborhood with a peaceful and picturesque natural landscape.

What’s great about Oyster Bay Cove is its proximity to Muttontown Preserve and the Caumsett State Historic Park Preserve. These places allow residents and visitors to hike trails, go fishing, and enjoy scenic vistas.

Did you know?

The resting place of President Theodore Roosevelt is Youngs Memorial Cemetery, which is located in Oyster Bay Cove. The local government chartered the cemetery in 1900, and the Youngs family owned the chosen land.


7. Muttontown

Median home value: $2,400,000
Year founded: the 17th century
Population: 3,500 (as of 2020)
Land area: 6.1 sq miles2 (15.8 km2)

MuttontownImage source: The Real Deal

Muttontown is located in Nassau County and is popular for its picturesque and charming village. The neighborhood features peaceful landscapes, rich history, and upscale estates.

Historically, Muttontown was once a center of the mill industry in New York. Today, Muttontown consists of large and expansive properties. Several landowners raise horses and take care of farm animals as well.

If you love golf, Muttontown has something for you. The Muttontown Club features a championship 18-hole golf course. You can play there while enjoying the beautiful view of the area.

Did you know?

The Muttontown Preserve is a popular local destination with hiking trails and birdwatching spots. Inside the 550-acre nature preserve, you’ll find the Chelsea Mansion, which is included on the National Register of Historic Places list.


6. Sands Point

Median home value: $2,900,000
Year founded: incorporated in 1910
Population: 2,600 (as of 2020)
Land area: 4.2 sq miles2 (10.9 km2)

Sands PointImage Editorial credit: littlenySTOCK / Shutterstock.com

In the early 20th century, wealthy American families began building big, luxurious houses in Sands Point as summer retreats. As a result, Sands Point increased in value, and eventually, the place is dotted with beautiful homes, creating an affluent community. More and more discover the scenic location of Sands Point.

Located on a peninsula in Nassau County, Sands Point is surrounded by water, creating a spectacular view for its residents. There are numerous recreational and educational facilities in the area, including the Sands Point Golf Club.

Did you know?

One of Sands Point’s popular landmarks is the Sands Point Preserve. The 216-acre park features old but well-preserved mansions and the Phil Dejana Learning Center. The institution offers mansion tours, annual celebrations, and fitness activities.


5. Mill Neck

Median home value: $3,100,000
Year founded: 1667
Population: 1,006 (as of 2023)
Land area: 2.9 sq miles2 (7.5 km2)

Mill NeckImage Editorial credit: littlenySTOCK / Shutterstock.com

As an exclusive community, Mill Neck is one of the highly sought-after neighborhoods of Long Island. Mill Neck gives its residents a unique blend of natural beauty, small-town charm, and cultural richness.

There are various historic landmarks in Mill Neck. One of them is the Oyster Bay Railroad Museum, which features the crucial role that the railroad played in the lives of its people and how it helped Mill Neck to have a thriving economy.

Did you know?

The Mill Neck Manor School for the Deaf is in the Mill Neck Neighborhood. The private school was established more than 70 years ago and was born out of Lutheran pastors’ vision to give deaf children quality education.


4. Water Mill

Median home value: $4,000,000
Year founded: the 17th century
Population: 1,559 (as of 2010)
Land area: 12.5 sq miles2 (32.4 km2)

Mill NeckImage source: Shutterstock

Water Mill is a small village in the eastern part of Long Island. The neighborhood is best known for its natural beauty, studded with scenic farmland, beautiful beaches, and historic houses. This is why many people visit Water Mill to get a break from the hustle and bustle of city life.

Residents and visitors would love that Water Mill isn’t just all beaches and trees. There are also high-end resorts and upscale restaurants in the area. Aside from that, Water Mill has some of the most expensive and luxurious houses in the United States.

Did you know?

The Water Mill in Long Island was called Water Mill because the people claimed that the first water mill in New York was built there.


3. Quogue

Median home value: $4,100,000
Year founded: incorporated in 1928
Population: 967 (as of 2020)
Land area: 5.1 sq miles2 (13.3 km2)

QuogueImage Editorial credit: PL Gould / Shutterstock.com

The small and intimate community in the Quogue neighborhood makes the place even more affluent and wealthy.

There are a lot of things to love about Quogue. For one, it has some of the most beautiful beaches on Long Island. Aside from that, Quogue is situated between Qauntuck Bay and the Atlantic Ocean, giving its residents awesome views of these popular bodies of water.

Did you know?

The Quogue Wildlife Refuge is home to thousands of animals, including bald eagles, turtles, foxes, ospreys, and others. As a 305-acre wildlife sanctuary, the Quogue Wildlife Refuge is open to the public any day of the week.


2. Sagaponack

Median home value: $4,300,000
Year founded: incorporated in 2005
Population: 313 (as of 2020)
Land area: 4.7 sq miles2 (12.1 km2)

SagaponackImage credit: Saunders

Sagaponack is one of the wealthiest neighborhoods in Long Island, and it can easily take the top spot on our list. Located on the South Fork of Long Island, Sagaponack is filled with beautiful beaches and huge farmlands.

If you visit Sagaponack, you’ll be impressed with the luxurious oceanfront mansions, which are known to be some of the most expensive houses not just in New York but in the entire country. Aside from the natural beauty of Sagaponack, the place also has the Sagaponack Historic District, which is part of the National Register of Historic Places.

Did you know?

Sagaponack means “a place where the large ground nuts grow.” The word came from the Shinnecock Indians, who predominantly lived in the area before the colonists arrived. The original name of Sagaponack is Sagg.


1. North Haven

Median home value: $5,800,000
Year founded: incorporated in 1928
Population: 810 (as of 2020)
Land area: 2.4 sq miles2 (6.2 km2)

North HavenImage credit: Hamptons Real Estate

North Haven is the richest neighborhood on Long Island. With spectacular views, scenic locations, and a friendly community, North Haven has attracted some of the wealthiest residents of New York.

As of 2020, North Haven has less than a thousand residents, allowing its residents to be close-knitted and engaged. Some of the properties in North Haven are built around the waterfront. Houses are big with well-manicured and expansive lawns. The luxurious homes sport classic and modern styles.

Did you know?

North Haven is home to Cedar Point County Park, which is a 607-acre park that gives a spectacular view of Gardiner’s Bay. The park is popular for hiking, bird-watching, fishing, camping, and other outdoor recreational activities.

rarest_alvin

Head of Content at Rarest.org

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