Nestled on one of Water Mill's most coveted waterfront settings, 54 Cobb Isle Road pairs the effortless elegance of a private European seaside retreat with the exceptional comfort of modern Hamptons luxury. Positioned south across Mecox Bay toward the Atlantic Ocean, the estate enjoys an ever-changing panorama of water, sky, and light, with breathtaking views from nearly every room. Located south of the highway and approached by a long, gated drive, the exceptionally private property spans 1.3 +/- beautifully landscaped acres with approximately 325 feet of direct waterfront. Masterfully designed by architect John Himmelsbach, the approximately 7,000-square-foot residence offers six ensuite bedrooms, nine full baths, two beautifully appointed kitchens, and a climate-controlled three-car garage. A dramatic foyer introduces interiors distinguished by French limestone, Venetian plaster, a gracefully curved staircase, and a striking floor-to-ceiling limestone fireplace. Designed for effortless transitions the open floor plan and expansive walls of glass keep the waterfront in constant view, while generous living and dining spaces flow onto terraces overlooking the bay. Two premium kitchens support both everyday living and grand entertaining, with the first-level kitchen opening to the pool terrace for seamless outdoor gatherings. The primary suite is a private sanctuary featuring two sitting rooms, dual fireplaces, a private gym, and a luxurious spa bath. Five additional ensuite bedrooms provide inviting accommodations for family and guests, each reflecting the home's attention to craftsmanship, comfort, and its extraordinary surroundings. Outside, the grounds evoke a secluded waterfront resort. A 20-by-40-foot heated Gunite pool finished in shimmering Murano glass tile is surrounded by more than 1,500 square feet of limestone terracing. Lush gardens, mature specimen plantings, architectural lighting, integrated sound, and an outdoor shower complete a setting equally suited to lively entertaining and quiet afternoons by the water. Deeded dock access adds another dimension to life on Mecox Bay, offering opportunities for boating, kayaking, and paddleboarding. The estate's grandfathered zoning features further distinguish its relationship to the shoreline, contributing to a waterfront setting that would be difficult to recreate today. Peaceful seclusion comes with convenient proximity to the best of the area: Southampton's Main Street is approximately 2.6 miles away, and Flying Point Beach is approximately 1.6 miles from the property. With its remarkable water frontage, refined architecture, and established resort-style amenities, 54 Cobb Isle Road offers the opportunity to enjoy an exceptional Hamptons estate today, without the years required to permit and build anew-a place where legacy, lifestyle, and location converge.
For sale
$12,495,000
54 Cobb Isle Rd, Water Mill, NY 11976
6beds
7,300sqft
Single Family Residence
Built in 2003
1.3 Acres Lot
$11,946,600 Zestimate®
$1,712/sqft
$-- HOA
What's special
Waterfront settingExpansive walls of glassClimate-controlled three-car garageIntegrated soundExceptionally private propertyArchitectural lightingSix ensuite bedrooms
- 19 days
- 671
- 44
Zillow last checked:
Listed by:
Corcoran Group,
James Peyton - Real Estate Sales Person 917-882-5589
Source: Out East,MLS#: 398285
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 9
- Full bathrooms: 9
Rooms
- Room types: Family Room, Laundry, Library, Office
Cooling
- Central Air
Features
- Basement: Yes
- Has fireplace: Yes
Interior area
- Total structure area: 7,300
- Total interior livable area: 7,300 sqft
Property
Parking
- Parking features: GarageDetached
- Has garage: Yes
Features
- Stories: 2
- Has private pool: Yes
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Waterfront
- Frontage type: Waterfront
Lot
- Size: 1.3 Acres
Details
- Parcel number: 0900160000300011002
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 2003
Community & HOA
Location
- Region: Water Mill
Financial & listing details
- Price per square foot: $1,712/sqft
- Tax assessed value: $5,902,000
- Date on market: 10/16/2026
- Lease term: Contact For Details
Estimated market value
$11,946,600
$11.35M - $12.54M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2026 | Listed for sale | $12,495,000$1,712/sqft |
Source: Out East #398285 Report a problem | ||
| 10/13/2026 | Listing removed | $12,495,000$1,712/sqft |
Source: Out East #396858 Report a problem | ||
| 7/23/2026 | Listed for sale | $12,495,000-3.8%$1,712/sqft |
Source: Out East #396858 Report a problem | ||
| 7/22/2026 | Listing removed | $12,995,000$1,780/sqft |
Source: Out East #391900 Report a problem | ||
| 1/29/2026 | Price change | $12,995,000-3.7%$1,780/sqft |
Source: Out East #391900 Report a problem | ||
| 11/6/2025 | Listed for sale | $13,495,000$1,849/sqft |
Source: Out East #391900 Report a problem | ||
| 10/28/2025 | Listing removed | $13,495,000$1,849/sqft |
Source: Out East #388385 Report a problem | ||
| 5/3/2025 | Listed for sale | $13,495,000-3.6%$1,849/sqft |
Source: Out East #388385 Report a problem | ||
| 4/18/2025 | Listing removed | $13,995,000$1,917/sqft |
Source: Out East #375123 Report a problem | ||
| 5/16/2024 | Price change | $13,995,000-6.4%$1,917/sqft |
Source: Out East #375123 Report a problem | ||
| 4/22/2024 | Listed for sale | $14,950,000-3.5%$2,048/sqft |
Source: Out East #375123 Report a problem | ||
| 10/16/2023 | Price change | $15,495,000-8.6%$2,123/sqft |
Source: Out East #375123 Report a problem | ||
| 7/7/2023 | Listed for sale | $16,950,000-3.1%$2,322/sqft |
Source: Out East #375123 Report a problem | ||
| 5/17/2023 | Listing removed | -- |
Source: Out East Report a problem | ||
| 11/16/2022 | Price change | $17,500,000-5.4%$2,397/sqft |
Source: Out East #366570 Report a problem | ||
| 6/1/2022 | Listed for sale | $18,500,000$2,534/sqft |
Source: Out East #366570 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $5,902,000 |
| 2024 | -- | $5,902,000 |
| 2023 | -- | $5,902,000 |
| 2022 | -- | $5,902,000 |
| 2021 | -- | $5,902,000 |
| 2020 | -- | $5,902,000 |
| 2019 | -- | $5,902,000 +1.4% |
| 2018 | -- | $5,818,700 |
| 2017 | $26,430 | $5,818,700 |
| 2016 | -- | $5,818,700 |
| 2015 | -- | $5,818,700 |
| 2014 | -- | $5,818,700 |
| 2013 | -- | $5,818,700 |
| 2012 | -- | $5,818,700 |
| 2011 | -- | $5,818,700 |
| 2010 | -- | $5,818,700 +7.8% |
| 2009 | -- | $5,398,600 |
| 2008 | -- | $5,398,600 |
| 2007 | $23,560 +19% | $5,398,600 +52% |
| 2005 | $19,799 -0.1% | $3,551,808 +6556.3% |
| 2004 | $19,817 +6.1% | $53,360 +1.3% |
| 2003 | $18,677 +49.3% | $52,688 +46.2% |
| 2002 | $12,506 | $36,044 |
Find assessor info on the county website






