A waterfront home in the Hamptons— whether that's bayfront or ocean view — will cost you millions.

Hallmarked by countless famous and flush residents, hedge fund managers, celebrities, CEOs, and socialites alike own vacation homes in the Hamptons. Bill and Hillary Clinton have long vacationed on Georgica Beach in East Hampton. And Southampton even has its very own "Billionaire Lane" reserved for the rich and powerful.

Such prestige doesn't come cheap. At least seven towns in the Hamptons have a median home listing price of around $1 million. That means half the houses for sale in those places are priced under seven figures, and half are priced above. What's more, at least 11 towns have median home prices between $2.2 million to $5.6 million.

That's according to StreetEasy, which recently launched a new Hamptons platform, Out East, for sale and rental listings in the Hamptons. Out East provided us with a list of the best waterfront homes for sale under $10 million right now — a relative bargain in a place with oceanfront properties listed for up to $175 million.

Words by Tanza Loudenback at Business Insider

[Photos via Out East]