Distinctive Resort & Residences at the Panoramic View Sells More than $24 Million of Luxury Oceanfront Real Estate in Montauk Closing Multiple Deals in Excess of $3 Million in 2011 as Luxury Home Buyers Discover the New Millionaire’s Row!

Distinctive Residences at The Panoramic View – the exclusive Full-Service Luxury offering in the Hamptons – has launched the 2011 season with a bang, selling multiple luxury homes at their flagship property in Montauk, New York. This unique hillside location – being called the new millionaire’s row – includes the homes of Actor Robert DeNiro and Designer Ralph Lauren to Rolling Stone founder Jann Wenner and Vornado CEO Steven Roth , causing a buzz on Old Montauk Highway.

Based on the inherent value of this spectacular oceanfront location, Distinctive’s Director, Adam Manson has revealed that residential sales at the Panoramic View have far outpaced the last two years as luxury buyers have once again returned to the market. Banks have begun to finance second homes again, and for those savvy buyers who have been waiting to purchase an oceanfront home, now is the time to pursue this unique oceanfront opportunity.

A true East End getaway for bustling New Yorkers, the Panoramic View Residences – your private oceanfront escape – offers homebuyers a surprisingly reasonably priced luxe second home. If waking up to the sound of crashing waves and stunning ocean views isn’t alluring enough, Distinctive’s year-round staff ensures your every need is met. Amenities include poolside cabanas, concierge service, porters, beach and pool attendants, on-site housekeeping, and a fitness center with on-call personal trainers and massage therapists.

New Luxury Residences range in size and price to suit your specific needs; featured are one to five-bedroom units, from 1,200 square-feet to 4,800 square-feet, available from under $2 million to $7 million.

During the off season, Distinctive’s Resort at the Panoramic View celebrated its best winter ever by pre-booking over 70% of its summer season resort rooms. The spectacular seascape is the focus of every resort room, suite and beach cottage. Guests are steps away from the quiet beach, and can view the magnificent panoramas from their very own gigantic picture windows and private balconies.

For further information, please visit: http://www.distinctiveventures.com/panoramic-view