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For sale
  • $4,999,000

    5 New Ln, Southampton, NY 11968

    5beds
    5,000sqft
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    Single Family Residence
    Built in 2007
    0.8 Acres Lot
    $-- Zestimate®
    $1,000/sqft
    $-- HOA

    What's special

    First-floor guest suiteAttached two-car garageHeated gunite poolCedar-shingled estateGenerous room proportionsClassic hamptons architectureCovered loggia with fireplace
    Located south of the highway in Southampton's sought-after Artist Colony, this substantial cedar-shingled estate offers a rare combination of scale, privacy, craftsmanship, and value just moments from Southampton Village and approximately two miles from Coopers Beach. Privately set on nearly an acre of beautifully landscaped grounds, the property encompasses approximately 5,000 square feet with five bedrooms, five full baths, one half bath, a heated Gunite pool, pool house, covered loggia, and attached two-car garage. What distinguishes this offering is not simply its size or location, but the extraordinary level of investment already made by the current owner. Over the past several years, significant capital improvements have transformed the property into a truly turnkey Hamptons retreat. The pool and surrounding hardscape have been renovated, the landscape extensively upgraded, the long estate driveway improved with gravel and steel edging, road access paved, major appliances replaced with full-size Sub-Zero refrigeration, and the home's systems serviced and maintained to provide confidence for the next owner. Inside, classic Hamptons architecture is paired with generous room proportions and exceptional warmth. Formal and informal living spaces flow easily throughout the home, creating an ideal environment for both large-scale entertaining and relaxed everyday living. A first-floor guest suite provides flexibility for family and visitors, while multiple gathering spaces offer privacy and comfort throughout the year. A particularly rare feature is the presence of eight masonry fireplaces. Seldom found in homes at this price point, these substantial fireplaces create a level of character, craftsmanship, and architectural permanence that is increasingly difficult and expensive to replicate today. Outdoor living is equally compelling. Bluestone terraces surround the heated Gunite pool, while the pool house-with kitchenette, living area, bath, and laundry-offers exceptional flexibility for guests, extended family, or summer entertaining. The covered loggia with fireplace extends the living experience outdoors and provides an inviting setting from spring through late fall. For buyers seeking a Southampton property with meaningful scale, established landscaping, substantial recent improvements, and the ability to enjoy the home immediately rather than undertake years of renovation and deferred maintenance, this represents a compelling opportunity. Recreating this property today-with its location, square footage, pool house, mature landscaping, eight masonry fireplaces, and extensive recent upgrades-would require a significantly greater investment of both time and capital. The result is a home that offers the character of a classic Hamptons estate with the confidence and convenience of a property that has already been thoughtfully improved and maintained. A rare offering for buyers who recognize enduring quality, exceptional value, and the increasingly limited supply of move-in-ready Southampton properties with this combination of features and location.
    17 days
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    1,983
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    133
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    Zillow last checked:

    Listed by:

    Corcoran Group,

    Jason B. Schommer - Associate Real Estate Broker 917-553-7383

    Source: Out East,MLS#: 382783

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 6
      • Full bathrooms: 5
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Family Room, Laundry
      Cooling
      • Central Air
      Features
      • Basement: Yes
      • Has fireplace: Yes
      Interior area
      • Total structure area: 5,000
      • Total interior livable area: 5,000 sqft

      Property

      Parking
      • Parking features: GarageAttached
      • Has attached garage: Yes
      Features
      • Stories: 2
      • Has private pool: Yes
      Lot
      • Size: 0.8 Acres
      Details
      • Parcel number: 0900211000200011001

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 2007

      Community & HOA

      Location
      • Region: Southampton

      Financial & listing details

      • Price per square foot: $1,000/sqft
      • Tax assessed value: $2,849,200
      • Date on market: 7/2/2026
      • Lease term: Contact For Details

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $9,220/mo

        Price history

        DateEventPrice
        7/2/2026Listed for sale$4,999,000-7.3%$1,000/sqft
        Source: Out East #382783 Report a problem
        12/30/2024Listing removed$5,395,000$1,079/sqft
        Source: Out East #382783 Report a problem
        7/17/2024Listed for sale$5,395,000+54.7%$1,079/sqft
        Source: Out East #382783 Report a problem
        6/26/2024Sold$3,487,000+5.7%$697/sqft
        Source: Public Record Report a problem
        3/26/2024Listing removed--
        Source: Zillow Rentals Report a problem
        3/18/2024Price change$50,000+488.2%$10/sqft
        Source: Zillow Rentals Report a problem
        2/12/2024Listed for rent$8,500$2/sqft
        Source: Zillow Rentals Report a problem
        1/1/2024Listing removed--
        Source: Zillow Rentals Report a problem
        11/3/2023Listed for rent$8,500-96.2%$2/sqft
        Source: Zillow Rentals Report a problem
        9/5/2023Listing removed--
        Source: Zillow Rentals Report a problem
        3/31/2023Listed for rent$225,000+703.6%$45/sqft
        Source: Zillow Rentals Report a problem
        7/1/2022Listing removed--
        Source: Out East Report a problem
        1/25/2022Price change$28,000-62.7%$6/sqft
        Source: Out East #361231 Report a problem
        10/15/2021Price change$75,000+167.9%$15/sqft
        Source: Out East #78941 Report a problem
        10/12/2021Price change$28,000-62.7%$6/sqft
        Source: Out East #361231 Report a problem
        9/25/2021Listed for rent$75,000+361.5%$15/sqft
        Source: Out East #76403 Report a problem
        1/29/2021Listing removed--
        Source: Out East Report a problem
        3/27/2020Listing removed$3,299,000$660/sqft
        Source: Corcoran - EE Westhampton Beach #54701 Report a problem
        1/28/2020Listed for rent$16,250-78.3%$3/sqft
        Source: Southampton #78941 Report a problem
        4/8/2019Listed for sale$3,299,000$660/sqft
        Source: Corcoran Group Report a problem
        2/11/2019Listing removed$3,299,000$660/sqft
        Source: Corcoran Group #54701 Report a problem
        1/16/2018Price change$3,299,000-3.5%$660/sqft
        Source: The Corcoran Group #54701 Report a problem
        10/10/2017Price change$3,420,000+1.8%$684/sqft
        Source: The Corcoran Group #54701 Report a problem
        8/13/2016Listed for sale$3,360,000-7.7%$672/sqft
        Source: Sotheby's International Realty - Bridgehampton Brokerage #0038373 Report a problem
        8/13/2016Listing removed$75,000+267.4%$15/sqft
        Source: Sotheby's International Realty - Southampton Brokerage #0054969 Report a problem
        10/3/2015Listed for rent$20,416$4/sqft
        Source: Sotheby's International Realty - Southampton Brokerage #0054969 Report a problem
        5/17/2007Sold$3,640,000+3521.9%$728/sqft
        Source: Public Record Report a problem
        3/28/1996Sold$100,500$20/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $2,849,200
        2024-- $2,849,200
        2023-- $2,849,200
        2022-- $2,849,200 +0.4%
        2021-- $2,838,300
        2020-- $2,838,300 +0%
        2019-- $2,837,300
        2018-- $2,837,300
        2017$27,359 $2,837,300
        2016-- $2,837,300
        2015-- $2,837,300
        2014-- $2,837,300
        2013-- $2,837,300
        2012-- $2,837,300 +2.3%
        2011-- $2,773,400 +82.1%
        2007$11,675 +355.6%$1,523,100 +446.5%
        2005$2,563 +56.4%$278,700 +9214.8%
        2004$1,638 +5.6%$2,992
        2003$1,551 +10%$2,992
        2002$1,410 +14.6%$2,992
        2001$1,230 +7.5%$2,992
        2000$1,144 $2,992
        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: 11968

        Getting around

        33 / 100
        Car-Dependent
        40 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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