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.
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; the median home sale price was $4,421,458, according to Zillow.com. In 2015, 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. Forbes ranked Sagaponack as the second most expensive ZIP Code in the USA in 2014 and 2015.
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