Real estate brokers throughout the Hamptons are quietly whispering about new wealthy Russian clients who are snapping up Hamptons rentals and properties. It seems the Russians have tired of vacationing at the French Riviera and are looking for a new place to enjoy the sun.
According to the popular real estate website The Real Deal, Russian billionaires are renting properties in the million-dollar range—Igor Sosin just rented a 12-bedroom spread on Ox Pasture Lane in Southampton for $860,000 for July and August, with the deal brokered by Victoria Logevisky and Erica Grossman at Prudential Douglas Elliman. And they are also buying. Igor Krutoy, a famous Russian composer, just bought a home in Southampton for $23.85 million, and Russia’s third richest man, N.J. Nets owner Mikhail Prokhorov, is reportedly also looking for a place.