Perched on a hill overlooking breathtaking Mill Creek and Mecox Bay, 15 Little Cobb Road offers a rare combination of panoramic waterfront views, privacy, and history in the heart of Water Mill. Set in an X flood zone with no wetlands and fully bulkheaded, this exceptional property enjoys peace of mind along with one of the most beautiful outlooks on the East End. Once home to Toby and Dan Talbot, the pioneering couple behind Manhattan's legendary art-house theaters including the New Yorker and Lincoln Plaza Cinemas, the residence carries a quiet cultural legacy. Here, far from the projection booths of the Upper West Side, the Talbots spent their summers overlooking the same waters that have drawn artists, writers, and filmmakers to the Hamptons for generations. The home is designed for relaxed waterfront living, with a waterside stone pool, brick patio, private floating deck, covered porches, and porte cochere, all positioned to capture the extraordinary setting. Inside, the main level offers warm and inviting living spaces, including a dining room and sunroom each with wood-burning fireplaces, a bright kitchen with breakfast nook, and a private guest suite with screened porch. Upstairs, the primary suite commands sweeping views over the bay, joined by additional guest bedrooms, office space, and flexible third-level rooms, with room to add a full basement if desired. Just minutes from Southampton and Bridgehampton Villages, yet set in a peaceful waterfront enclave, this is a home that reflects the true spirit of Water Mill timeless, elevated, and deeply connected to the landscape. A rare opportunity to own not only a beautiful waterfront property, but a piece of Hamptons cultural history.
For sale
Price cut: $1M (8/4)
$7,500,000
15 Little Cobb Rd, Water Mill, NY 11976
4beds
3,059sqft
Single Family Residence
Built in 1910
1.4 Acres Lot
$7,235,700 Zestimate®
$2,452/sqft
$-- HOA
What's special
Office spaceCovered porchesAdditional guest bedroomsFully bulkheadedPanoramic waterfront viewsFlexible third-level roomsBrick patio
- 186 days
- 533
- 39
Zillow last checked:
Listed by:
Douglas Elliman Real Estate 631-537-5900,
Martha Gundersen - Associate Real Estate Broker 631-405-8436
Source: Out East,MLS#: 394361
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Features
- Basement: Yes
- Has fireplace: Yes
Interior area
- Total structure area: 3,059
- Total interior livable area: 3,059 sqft
Property
Parking
- Parking features: None
Features
- Stories: 2
- Has private pool: Yes
Lot
- Size: 1.4 Acres
Details
- Parcel number: 0900114000200043000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1910
Community & HOA
Location
- Region: Water Mill
Financial & listing details
- Price per square foot: $2,452/sqft
- Tax assessed value: $6,024,600
- Date on market: 3/24/2026
- Lease term: Contact For Details
Estimated market value
$7,235,700
$6.87M - $7.60M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2026 | Price change | $7,500,000-11.8%$2,452/sqft |
Source: Out East #394361 Report a problem | ||
| 6/24/2026 | Price change | $8,500,000-10.5%$2,779/sqft |
Source: Out East #394361 Report a problem | ||
| 3/24/2026 | Listed for sale | $9,500,000$3,106/sqft |
Source: Out East #394361 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $6,024,600 |
| 2024 | -- | $6,024,600 |
| 2023 | -- | $6,024,600 |
| 2022 | -- | $6,024,600 |
| 2021 | -- | $6,024,600 |
| 2020 | -- | $6,024,600 |
| 2019 | -- | $6,024,600 +1% |
| 2018 | -- | $5,966,800 +13.5% |
| 2017 | $16,945 | $5,256,500 +41.4% |
| 2016 | -- | $3,717,500 |
| 2015 | -- | $3,717,500 |
| 2014 | -- | $3,717,500 |
| 2013 | -- | $3,717,500 |
| 2012 | -- | $3,717,500 |
| 2011 | -- | $3,717,500 |
| 2007 | $16,344 +9.8% | $3,717,500 +40.5% |
| 2005 | $14,883 +37.8% | $2,645,816 +9092% |
| 2004 | $10,800 +4.7% | $28,784 |
| 2003 | $10,313 +3.3% | $28,784 |
| 2002 | $9,987 | $28,784 |
Find assessor info on the county website







