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For sale
  • Price cut: $200K (7/24)
    $3,750,000

    123 Gerard Dr, East Hampton, NY 11937

    3beds
    1,385sqft
    Loading
    Single Family Residence
    Built in 1973
    1 Acres Lot
    $3,483,700 Zestimate®
    $2,708/sqft
    $-- HOA

    What's special

    Oversized bayfront parcelBonus roomInviting the bay breezeGenerous lot
    Set on an oversized bayfront parcel with sweeping views to Gardiners Island, this charming 3-bedroom, 2-bath beach house offers a rare sense of privacy and space in one of East Hampton's most scenic waterfront settings. Positioned on one of the largest lots on the street, the property is surrounded by mature trees and natural greenery, creating a peaceful retreat just moments from the bay. The home is filled with natural light and thoughtfully oriented to capture the expansive water views. Additionally there is a bonus room that could be used as an office or den. Large glass doors open to outdoor living spaces, inviting the bay breeze and framing spectacular sunsets over the harbor. The generous lot presents a unique opportunity to enjoy the property as a relaxed waterfront escape or explore its long-term potential in this highly desirable location. Rarely does a parcel of this size and setting become available along this stretch of East Hampton's bayfront.
    148 days
    |
    1,537
    |
    89
    |

    Zillow last checked:

    Listed by:

    Compass 631-324-1700,

    Matt Burns - Real Estate Sales Person 631-901-3258

    Source: Out East,MLS#: 393976

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Cooling
      • Central Air
      Features
      • Basement: Yes
      • Has fireplace: No
      Interior area
      • Total structure area: 1,385
      • Total interior livable area: 1,385 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: None
      Features
      • Stories: 1
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water
      • Waterfront features: Waterfront
      • Frontage type: Waterfront
      Lot
      • Size: 1 Acres
      Details
      • Parcel number: 0300041000200022000

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 1973

      Community & HOA

      Location
      • Region: East Hampton

      Financial & listing details

      • Price per square foot: $2,708/sqft
      • Tax assessed value: $7,625
      • Date on market: 3/7/2026
      • Lease term: Contact For Details

        Estimated market value

        $3,483,700

        $3.31M - $3.66M

        $6,301/mo

        Price history

        DateEventPrice
        7/24/2026Price change$3,750,000-5.1%$2,708/sqft
        Source: Out East #393976 Report a problem
        4/27/2026Price change$3,950,000-7.1%$2,852/sqft
        Source: Out East #393976 Report a problem
        3/7/2026Listed for sale$4,250,000+193.1%$3,069/sqft
        Source: Out East #393976 Report a problem
        1/29/2021Listing removed--
        Source: Out East Report a problem
        10/9/2020Listed for rent$25,000$18/sqft
        Source: East Hampton #213581 Report a problem
        10/18/2000Sold$1,450,000+26.1%$1,047/sqft
        Source: Public Record Report a problem
        4/13/2000Sold$1,150,000$830/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $7,625
        2024-- $7,625
        2023-- $7,625
        2022-- $7,625
        2021-- $7,625
        2020-- $7,625
        2019-- $7,625
        2018-- $7,625
        2017$10,551 $7,625
        2016-- $7,625
        2015-- $7,625
        2014-- $7,625
        2013-- $7,625
        2012-- $7,625
        2011-- $7,625
        2010-- $7,625
        2007$7,519 +21.6%$7,625
        2005$6,181 +7.4%$7,625
        2004$5,754 +4.2%$7,625
        2003$5,523 +3.7%$7,625
        2002$5,327 $7,625
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Springs

        Getting around

        3 / 100
        Car-Dependent
        39 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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