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Off market
  • $6,025,000

    40 Hedges Banks Dr, East Hampton, NY 11937

    4beds
    4,500sqft
    Single Family Residence
    Built in 1985
    0.92 Acres Lot
    $6,025,000 Zestimate®
    $1,339/sqft
    $7,938 Estimated rent

    Home value

    $6,025,000

    $5.24M - $6.93M

    $7,938/mo

    Zestimate® history
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    What's special

    Double-sided fireplaceClerestory windowsPremium appliancesSeparate sittingMovie roomPrivate viewing patioSpacious patios

    This elegant and luxurious contemporary home with pool makes the perfect home on the water in the Hamptons home. Sited on a shy acre overlooking the water, this 2-story contemporary home boasts 4,500 +/- sq. ft. of living space, 4 bedrooms, 5.5 baths, a fully finished lower level, a pool, and a cabana. Enter the open floorplan great room with double-height ceilings, clerestory windows, a unique, curved wall bar, and a double-sided fireplace. Bringing the outside in, pearly white interiors reflect light from the floor-to-ceiling windows overlooking the manicured grounds and water beyond. The state-of-the-art kitchen is framed around a stunning view of the sound and outfitted with premium appliances. The first floor is completed by a glass-walled den living room overlooking the pool, ensuite junior primary, and office, each with a private patio. Accessed by stairs with glass railings, the upper level includes an ensuite guest bedroom and the luxurious primary suite with an enormous, fully-loaded bath, fireplace, private viewing patio and upper-level deck. A finished lower level adds a wine cellar, movie room, laundry and en-suite bedroom with a walk-in closet. Easy indoor-outdoor living is prioritized by sliding glass doors and spacious patios with separate sitting, dining, and lounging areas. Adding to the resort-like feel, a cabana overlooks the pool, complete with full bath and outdoor shower. Exterior spaces are framed by stunning water views, creating your own private oasis in a quiet East Hampton neighborhood.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Source: Out East,MLS#: 374603

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 6
    • Full bathrooms: 5
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Laundry
    Cooling
    • Central Air
    Features
    • Has basement: Yes
    • Has fireplace: Yes
    Interior area
    • Total structure area: 4,500
    • Total interior livable area: 4,500 sqft

    Property

    Parking
    • Parking features: None
    Features
    • Stories: 2
    • Has private pool: Yes
    • Pool features: Heated
    • Has spa: Yes
    • Spa features: Heated
    Lot
    • Size: 0.92 Acres
    Details
    • Parcel number: 0300035000200006000

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 1985

    Community & HOA

    Location
    • Region: East Hampton

    Financial & listing details

    • Price per square foot: $1,339/sqft
    • Tax assessed value: $24,450
    • Date on market: 9/11/2023
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    8/25/2023Price change$5,995,000-4.8%$1,332/sqft
    Source: Out East #374603 Report a problem
    7/26/2023Price change$6,295,000-3.1%$1,399/sqft
    Source: Out East #374603 Report a problem
    6/8/2023Listed for sale$6,495,000+17%$1,443/sqft
    Source: Out East #374603 Report a problem
    2/14/2023Sold$5,550,000$1,233/sqft
    Source: Public Record Report a problem
    11/18/2022Sold$5,550,000-7.4%$1,233/sqft
    Source: Agent Provided Report a problem
    8/26/2022Pending sale$5,995,000$1,332/sqft
    Source: Out East #367728 Report a problem
    7/20/2022Listed for sale$5,995,000+27.6%$1,332/sqft
    Source: Out East #367728 Report a problem
    5/16/2022Listed for rent$95,000$21/sqft
    Source: Out East #366073 Report a problem
    6/5/2020Sold$4,700,000-14.5%$1,044/sqft
    Source: Agent Provided Report a problem
    3/7/2020Listed for sale$5,500,000+450.6%$1,222/sqft
    Source: Sotheby's International Realty - East Hampton Brokerage #LN:0048718 Report a problem
    4/26/1995Sold$999,000$222/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $24,450
    2024-- $24,450
    2023-- $24,450
    2022-- $24,450
    2021-- $24,450
    2020-- $24,450
    2019-- $24,450
    2018-- $24,450
    2017$22,703 $24,450
    2016-- $24,450
    2015-- $24,450
    2014-- $24,450
    2013-- $24,450
    2012-- $24,450 +0.7%
    2011-- $24,275 -4.4%
    2007$18,498 +21.5%$25,400
    2005$15,225 +10.4%$25,400
    2004$13,794 +1%$25,400
    2003$13,654 +1.2%$25,400
    2002$13,488 $25,400
    Find assessor info on the county website

    Neighborhood: Northwest Harbor

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $6,025,000
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    Estimated market value
    $6,025,000