A rare blend of pedigree and opportunity, this estate on Rose Hill Road combines the timeless charm of a 1925-built Georgian residence with expansive development possibilities on its prime 5.27-acre+/- waterfront parcel. Crafted by the noted early 20th-century architects Frank Goodwillie and William E. Moran, the property boasts historic allure while offering vast potential for transformation. Set on 5.27 acres+/- with 330' of prime water frontage+/-, this estate holds substantial development possibilities. Zoning and FEMA Zone X classification allow for the potential subdivision of the property, making it ideal for creating a large, private compound or subdividing the property to fit multiple full programs. The land provides ample space to envision a large main residence, private tennis or pickleball courts, and a waterside heated gunite pool and spa with a pool house. These development capabilities make this an extraordinary opportunity for discerning buyers to build an estate tailored to personal vision and lifestyle.
Sold for $20,500,000
$20,500,000
217 Rose Hill Rd, Water Mill, NY 11976
8beds
7,900sqft
Single Family Residence
Built in 1925
5.27 Acres Lot
$19,353,600 Zestimate®
$2,595/sqft
$370,325 Estimated rent
Home value
$19,353,600
$15.68M - $23.80M
$370,325/mo
Zestimate® history
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List your homeWhat's special
Waterfront parcelPool houseGeorgian residenceLarge main residence
Zillow last checked:
Source: Out East,MLS#: 385037
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 7
- Full bathrooms: 6
- 1/2 bathrooms: 1
Cooling
- Central Air
Features
- Basement: Yes
- Has fireplace: Yes
Interior area
- Total structure area: 7,900
- Total interior livable area: 7,900 sqft
Property
Parking
- Parking features: GarageAttached
- Has attached garage: Yes
Features
- Has private pool: Yes
- Pool features: Heated
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Waterfront
- Frontage type: Waterfront
Lot
- Size: 5.27 Acres
Details
- Parcel number: 0900115000300002000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1925
Community & neighborhood
Community
- Community features: Room for a Tennis Court
Location
- Region: Water Mill
Price history
| Date | Event | Price |
|---|---|---|
| 1/20/2026 | Sold | $20,500,000-18%$2,595/sqft |
Source: Public Record Report a problem | ||
| 9/25/2025 | Pending sale | $25,000,000$3,165/sqft |
Source: Out East #385037 Report a problem | ||
| 11/26/2024 | Listed for sale | $25,000,000$3,165/sqft |
Source: Out East #385037 Report a problem | ||
| 11/25/2024 | Listing removed | $25,000,000$3,165/sqft |
Source: Out East #28270 Report a problem | ||
| 6/3/2024 | Listed for sale | $25,000,000+38.9%$3,165/sqft |
Source: Out East #28270 Report a problem | ||
| 3/21/2020 | Listing removed | $17,995,000$2,278/sqft |
Source: Brown Harris Stevens #347742 Report a problem | ||
| 7/23/2019 | Price change | $17,995,000-9.6%$2,278/sqft |
Source: Sotheby's International Realty #28270 Report a problem | ||
| 7/24/2018 | Price change | $19,900,000-11.6%$2,519/sqft |
Source: Sotheby's International Realty #28270 Report a problem | ||
| 4/27/2018 | Price change | $22,500,000-11.8%$2,848/sqft |
Source: Sotheby's International Realty #28270 Report a problem | ||
| 8/30/2016 | Price change | $25,500,000-7.3%$3,228/sqft |
Source: Sotheby's International Realty - Southampton Brokerage #0056575 Report a problem | ||
| 10/22/2014 | Listed for sale | $27,500,000$3,481/sqft |
Source: Sotheby's International Realty - Southampton Brokerage #0056575 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $8,412,400 |
| 2024 | -- | $8,412,400 0% |
| 2023 | -- | $8,412,700 +0.1% |
| 2022 | -- | $8,400,600 |
| 2021 | -- | $8,400,600 |
| 2020 | -- | $8,400,600 |
| 2019 | -- | $8,400,600 +3.6% |
| 2018 | -- | $8,110,000 |
| 2017 | $36,780 | $8,110,000 |
| 2016 | -- | $8,110,000 |
| 2015 | -- | $8,110,000 |
| 2014 | -- | $8,110,000 |
| 2013 | -- | $8,110,000 |
| 2012 | -- | $8,110,000 -9.7% |
| 2011 | -- | $8,980,400 +5.8% |
| 2007 | $36,669 -1.7% | $8,492,000 +20.2% |
| 2005 | $37,294 +9.3% | $7,067,400 +7660.2% |
| 2004 | $34,108 +4.7% | $91,072 |
| 2003 | $32,588 +3.2% | $91,072 |
| 2002 | $31,567 | $91,072 |
Find assessor info on the county website
Neighborhood: 11976
Nearby schools
GreatSchools rating
- 4/10Southampton Intermediate SchoolGrades: 5-8Distance: 2.6 mi
- 6/10Southampton High SchoolGrades: 9-12Distance: 2.5 mi
- 6/10Southampton Elementary SchoolGrades: PK-4Distance: 3.1 mi
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Estimated market value
$19,353,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$19,353,600
- New York
- Suffolk County
- Water Mill
- 11976
- 217 Rose Hill Rd
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