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Pending
  • $22,000,000

    480 Hedges Ln, Sagaponack, NY 11963

    8beds
    9,700sqft
    Loading
    Single Family Residence
    Built in 2026
    1.5 Acres Lot
    $20,695,700 Zestimate®
    $2,268/sqft
    $-- HOA

    What's special

    Masonry fireplacePrivate terraceSecond laundryExpansive patio areasExpansive living spacesTwo walk in closetsSpa like bath
    Situated on one of Sagaponack's most coveted lanes South of the Highway, this newly constructed estate offers approximately 9,500 square feet of living space, complemented by 1,157 square feet of accessory structures. Thoughtfully designed for both luxury living and entertaining, the home features 8 bedrooms, 9 full baths, and 3 half baths across three levels, all serviced by an elevator. A grand foyer welcomes you into expansive living spaces, including an oversized chef's kitchen with breakfast nook that opens seamlessly to the great room, highlighted by a 60 inch wood burning fireplace. Formal dining with butler's pantry, along with a separate family room leading to a covered porch with gas fireplace, creates multiple areas for gathering. A first floor secondary primary suite provides ideal accommodations for guests, along with a mudroom, laundry, and direct access to the two car garage. The second floor is anchored by an oversized primary suite featuring a masonry fireplace, private terrace, spa like bath, and two walk in closets. Three additional en suite bedrooms, an outdoor common terrace with gas fireplace, and a second laundry complete the level. The lower level is designed for recreation and wellness, offering a large entertaining room with sit down bar, theater, and a full gym with wellness bath including sauna, steam, and cold plunge. Three additional en suite bedrooms complete this level. Outdoor amenities rival a private resort, featuring a sunken all weather tennis court, a 50 foot pool with spa, and a pool house with pergola, wet bar, bathroom, and outdoor shower. Expansive patio areas provide the perfect setting for outdoor entertaining. Scheduled for completion February 2027, with the opportunity to be in by early next year. Ideally located just moments from Sagg Store and approximately one mile to Town Line Beach, this is a rare opportunity to secure a brand new Sagaponack South estate in a premier location.
    147 days
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    169
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    1
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    Zillow last checked:

    Listed by:

    Sotheby's International Realty 631-537-6000,

    Dawn Bodenchak - Real Estate Sales Person 646-382-4055

    Source: Out East,MLS#: 394371

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 12
      • Full bathrooms: 9
      • 1/2 bathrooms: 3
      Rooms
      • Room types: Family Room, Laundry, Office
      Cooling
      • Central Air
      Features
      • Basement: Yes
      • Has fireplace: Yes
      Interior area
      • Total structure area: 9,700
      • Total interior livable area: 9,700 sqft

      Property

      Parking
      • Parking features: GarageAttached
      • Has attached garage: Yes
      Features
      • Stories: 2
      • Exterior features: Tennis Court(s)
      • Has private pool: Yes
      • Pool features: Heated
      • Has spa: Yes
      • Spa features: Heated
      Lot
      • Size: 1.5 Acres
      Details
      • Parcel number: 0908007000100026000

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • New Construction
      • New construction: Yes
      • Year built: 2026

      Community & HOA

      Location
      • Region: Sagaponack

      Financial & listing details

      • Price per square foot: $2,268/sqft
      • Tax assessed value: $5,934,700
      • Date on market: 3/27/2026
      • Lease term: Contact For Details

        Estimated market value

        $20,695,700

        $19.66M - $21.73M

        $6,252/mo

        Price history

        DateEventPrice
        7/9/2026Pending sale$22,000,000$2,268/sqft
        Source: Out East #394371 Report a problem
        3/27/2026Listed for sale$22,000,000+214.3%$2,268/sqft
        Source: Out East #394371 Report a problem
        3/11/2025Sold$7,000,000-12.5%$722/sqft
        Source: Public Record Report a problem
        11/10/2024Listing removed$8,000,000$825/sqft
        Source: Out East #375126 Report a problem
        10/2/2024Pending sale$8,000,000$825/sqft
        Source: Out East #375126 Report a problem
        8/23/2024Price change$8,000,000+6.7%$825/sqft
        Source: Out East #375126 Report a problem
        6/21/2024Price change$7,500,000-14.8%$773/sqft
        Source: Out East #375126 Report a problem
        5/6/2024Listed for sale$8,800,000$907/sqft
        Source: Out East #375126 Report a problem
        4/19/2024Listing removed$8,800,000$907/sqft
        Source: Out East #375126 Report a problem
        10/21/2023Price change$8,800,000-20%$907/sqft
        Source: Out East #375126 Report a problem
        7/8/2023Listed for sale$11,000,000$1,134/sqft
        Source: Douglas Elliman #375126 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $5,934,700
        2024-- $5,934,700
        2023-- $5,934,700
        2022-- $5,934,700
        2021-- $5,934,700
        2020-- $5,934,700
        2019-- $5,934,700 +33.3%
        2018-- $4,451,000
        2017$7,971 $4,451,000 +20%
        2016-- $3,709,200
        2015-- $3,709,200 -2.1%
        2014-- $3,787,900
        2013-- $3,787,900
        2012-- $3,787,900
        2011-- $3,787,900 +25%
        2007$6,413 $3,030,300
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 11963

        Getting around

        2 / 100
        Car-Dependent
        27 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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