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New development in the Hamptons used to conjure up images of lavish houses popping up in the middle of potato fields. But as more farms and vacant land are being preserved as open space, ever fewer lots are available to build new homes. And with soaring land values, coveted beachfront locations already built on and surging demand for new and bigger houses with copious amenities, teardowns in the area have become more pervasive than ever.
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