Sited on 2.6 acres in one of the Hamptons' most coveted locations, this picturesque property occupies the prominent corner of Further Lane and Spaeth Lane-just a few short blocks from Two Mile Hollow Beach, with easy ocean access right around the corner. The sprawling grounds feature a main house, a three-car garage, and a pool house with a 20-by-40-foot pool, all surrounded by stunning mature trees and beautifully maintained gardens. The approximately 3,700-square-foot main house, originally built in the 1960s and thoughtfully updated over the years, offers six bedrooms and four and a half bathrooms, all on a single level. A gated entry on Spaeth Lane ensures privacy, while a separate service entrance on the opposite side of the property adds convenience. An expansive driveway with an elegant oval loop provides ample parking. Beyond the existing residence lies an exceptional opportunity. With an allowable gross floor area of approximately 12,000 square feet, the property offers ample room to create a substantial estate compound, including a new custom residence, pool, pool house, and tennis court. Whether preserving and enhancing the existing improvements or starting anew, the possibilities are extraordinary. Ideally positioned near the ocean, Amagansett Village, and East Hampton Village, yet surrounded by unparalleled privacy, this is a truly special offering and a rare opportunity to create a legacy property in one of the most sought-after locations in the Hamptons.
For sale
Price cut: $4.1M (8/17)
$19,900,000
5 Spaeth Ln, East Hampton, NY 11937
6beds
3,700sqft
Single Family Residence
Built in 1966
2.6 Acres Lot
$18,174,400 Zestimate®
$5,378/sqft
$-- HOA
What's special
Single levelBeautifully maintained gardensAmple parkingThree-car garageSeparate service entranceSix bedroomsSprawling grounds
- 61 days
- 1,520
- 45
Zillow last checked:
Listed by:
Compass,
Christopher Coleman - Real Estate Sales Person 516-445-1513
Source: Out East,MLS#: 396614
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Rooms
- Room types: Family Room
Cooling
- Central Air
Features
- Basement: Yes
- Has fireplace: Yes
Interior area
- Total structure area: 3,700
- Total interior livable area: 3,700 sqft
Video & virtual tour
Property
Parking
- Parking features: GarageDetached
- Has garage: Yes
Features
- Stories: 1
- Has private pool: Yes
- Pool features: Heated
Lot
- Size: 2.6 Acres
Details
- Parcel number: 0301005000300002000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1966
Community & HOA
Community
- Features: Room for a Tennis Court
Location
- Region: East Hampton
Financial & listing details
- Price per square foot: $5,378/sqft
- Tax assessed value: $33,400
- Date on market: 7/3/2026
- Lease term: Contact For Details
Estimated market value
$18,174,400
$17.08M - $19.26M
$7,162/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/17/2026 | Price change | $19,900,000-17.1%$5,378/sqft |
Source: Out East #396614 Report a problem | ||
| 7/3/2026 | Listed for sale | $24,000,000+1614.3%$6,486/sqft |
Source: Out East #396614 Report a problem | ||
| 9/13/1995 | Sold | $1,400,000$378/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $33,400 |
| 2024 | -- | $33,400 |
| 2023 | -- | $33,400 |
| 2022 | -- | $33,400 |
| 2021 | -- | $33,400 |
| 2020 | -- | $33,400 +1.4% |
| 2019 | -- | $32,950 |
| 2018 | -- | $32,950 |
| 2017 | $32,120 | $32,950 |
| 2016 | -- | $32,950 |
| 2015 | -- | $32,950 |
| 2014 | -- | $32,950 |
| 2013 | -- | $32,950 |
| 2012 | -- | $32,950 |
| 2011 | -- | $32,950 |
| 2007 | $18,604 +25.2% | $32,950 |
| 2005 | $14,862 +11.4% | $32,950 |
| 2004 | $13,343 0% | $32,950 |
| 2003 | $13,349 +1.4% | $32,950 |
| 2002 | $13,169 | $32,950 |
Find assessor info on the county website




