Many families rent out vacation homes in the summer but if you want to live in the lap of luxury at Sandcastle Estate in Bridgehampton, New York, it will cost you. To rent Sandcastle Estate, an 11.5 acre piece of property with a 31,000 square foot mansion, it will set you back $35,000 per day-about the same as a down payment on a regular home-or $500,000 for two weeks.
Why would some filthy rich family pay that much to stay at Sandcastle Estate when they could buy a nice house for the same price? Well, Sandcastle Estate features a two-lane bowling alley, rock-climbing wall, skateboard half-pipe, in-house disco, tennis court, a theater, an entertainment center for the kids, a spa facility and a heated pool with an underwater stereo system.
$35,000/Day Rental Properties
Bridgehampton's Sandcastle Estate is a Pricey Getaway
Trend Themes
1. Luxury Vacation Rentals - There is a growing trend of affluent families opting for luxurious vacation rentals instead of buying their own properties, providing an opportunity for rental property owners to cater to this high-end market.
2. Experiential Luxury - The demand for unique and extravagant experiences, such as staying in a mansion with exclusive amenities like bowling alleys and rock-climbing walls, presents an opportunity for businesses to create innovative and immersive luxury offerings.
3. Short-term Luxury Living - The popularity of short-term luxury rentals, like the Sandcastle Estate in Bridgehampton, highlights a trend of affluent individuals seeking temporary opulence without the commitment of purchasing a permanent property, opening doors for property owners to capitalize on this demand.
Industry Implications
1. Vacation Rental - The luxury vacation rental industry can explore opportunities to cater to the high-end market by offering exclusive properties with exceptional amenities that provide an unparalleled experience for guests.
2. Luxury Experience - Industries that specialize in creating memorable and immersive luxury experiences, such as entertainment, hospitality, and leisure, can tap into the demand for unique and extravagant offerings.
3. Short-term Accommodation - The short-term luxury accommodation industry can leverage the trend of affluent individuals seeking temporary opulence by providing high-end rental options that offer all the luxuries and amenities of a permanent residence.