Sagaponack, New York
|Village of Sagaponack|
Sagaponack Village Hall, located at 3175 Montauk Highway in Sagaponack
|• Total||4.7 sq mi (12.1 km2)|
|• Land||4.4 sq mi (11.4 km2)|
|• Water||0.2 sq mi (0.6 km2)|
|Elevation||23 ft (7 m)|
| • Estimate |
|• Density||67/sq mi (26/km2)|
|Time zone||UTC−5 (Eastern (EST))|
|• Summer (DST)||UTC−4 (EDT)|
|GNIS feature ID||0963225|
The population of Sagaponack village at the 2010 census was 313. Prior to its incorporation, Sagaponack was a census-designated place, with a population at the 2000 census of 582 for an area 70% greater than that of the current village. In 2016, according to Business Insider, the 11962 ZIP Code encompassing Sagaponack was listed as the most expensive in the U.S., with a median home sale price of $5,125,000.
Sagaponack was again named the most expensive zip code in 2018, making the village consistently the most expensive property market and summer community in the United States. Staggeringly, the median price of a home in Sagaponack, at $8.5 million, was more than double the second richest locale, Atherton, and nearly 3x other similarly pricey communities such as seventh-place Bridgehampton.
The name Sagaponack comes from the Shinnecock Indian Nation word for "land of the big ground nuts", in reference to the Ground Nut (Apios americana). A common misconception is that the name referred to potatoes, the predominant crop grown by farmers who first settled the area. Many of the huge estates in the village were built on former potato fields. Its first settler was Josiah Stanborough in 1656. The village was originally called Sagg.
Sag Harbor, just north of Sagaponack, is believed to have derived its name from the village. West of Sagaponack is a place that the Indians called Mecox, now a hamlet on the west side of Sagaponack Lake in the town of Bridgehampton.
The village was incorporated in the wake of the failed attempt by Dunehampton, New York to incorporate. Dunehampton's incorporation would have blocked Sagaponack from beaches on the Atlantic Ocean. The villages are seeking to address various beach issues including erosion arising from groynes at Georgica Pond in East Hampton village.
According to the United States Census Bureau, Sagaponack village has a total area of 4.7 square miles (12.1 km2), of which 4.4 square miles (11.4 km2) is land and 0.23 square miles (0.6 km2), or 5.15%, is water. At the 2000 census, the Sagaponack CDP had a total area of 8.0 square miles (21 km2), of which 6.2 square miles (16 km2) was land and 1.8 square miles (4.7 km2), or 22.35%, was water.
|U.S. Decennial Census|
As of the census of 2000, there were 582 people, 249 households, and 162 families residing in the CDP. The population density was 93.6 people per square mile (36.1/km²). There were 734 housing units at an average density of 118.0 per square mile (45.6/km²). The racial makeup of the CDP was 92.78% White, 2.58% African American, 2.58% Asian, 1.55% from other races, and 0.52% from two or more races. Hispanic or Latino of any race were 3.44% of the population.
There were 249 households out of which 24.9% had children under the age of 18 living with them, 55.0% were married couples living together, 6.8% had a female householder with no husband present, and 34.9% were non-families. Of all households 27.7% were made up of individuals and 8.4% had someone living alone who was 65 years of age or older. The average household size was 2.34 and the average family size was 2.86.
In the CDP the population was spread out with 19.4% under the age of 18, 4.0% from 18 to 24, 24.6% from 25 to 44, 33.8% from 45 to 64, and 18.2% who were 65 years of age or older. The median age was 46 years. For every 100 females, there were 102.1 males. For every 100 females age 18 and over, there were 101.3 males.
The median income for a household in the CDP was $54,048, and the median income for a family was $78,707. Males had a median income of $43,750 versus $27,321 for females. The per capita income for the CDP was $44,474. About 1.9% of families and 1.3% of the population were below the poverty line, including 2.5% of those under age 18 and 1.8% of those age 65 or over.
The village is also well known as the summer residence of several current and former Goldman Sachs bankers and private equity professionals.
Sagaponack is generally considered to be the most expensive neighborhood in the Hamptons, as well as in the United States as a whole, generally ranking in the top spot on all major surveys. The Sagaponack ZIP Code (11962) was listed as the most expensive in the United States in 2009, and several years thereafter including again in 2018; the median home sale price was $4,421,458, according to Zillow.com and $8.5 million according to PropertyShark. Nearby Water Mill (11976) was listed sixth with $2,238,676, and Bridgehampton (11932) was listed eighth with $2,081,717.
In 2015 and through to 2018, according to Business Insider, Sagaponack's 11962 ZIP Code was listed as the most expensive in the U.S., this time by real estate-listings site Property Shark, with a median home sale price of $5,125,000 in 2015 rising to $8.5 million in 2018, with the most expensive homes and recent sales being in and around Daniels Lane, generally considered Sagaponack’s priciest address and where Ira Rennert has the largest home in America, and side streets off of Daniels including Fairfield Pond Lane.
The village includes one of the last remaining active one-room school houses in New York State. The building, known locally as the "Little Red School House," educates children in grades Kindergarten through third grade.
Village of North Haven, Village of Quogue, Village of Southampton, Village of W. Hampton Beach, Village of Sag Harbor, Village of W. Hampton Dunes, Village of Sagaponack, Southampton Town
|The Hamptons||Succeeded by|