Exclusively Offered at $2,900,000A rare opportunity to own a completely reimagined luxury retreat with remarkable income potential and compelling future upside in East Hampton's coveted Settlers Landing community—just moments from the pristine shores of Sammy's Beach.Privately set on 0.59A± acres, this beautifully appointed three-bedroom, three-bath residence offers approximately 2,000A± square feet of sophisticated living space. The property underwent a complete renovation and extensive series of upgrades, all finished in 2025, resulting in a truly turnkey home where timeless Hamptons character blends seamlessly with refined contemporary design.Every detail has been thoughtfully curated, from white oak flooring and soaring vaulted ceilings to an inviting gas fireplace and beautifully appointed interiors. The spa-inspired primary suite provides a serene private sanctuary, featuring luxurious finishes designed for comfort, relaxation, and everyday indulgence.Created for quintessential Hamptons indoor-outdoor living, the professionally designed and landscaped grounds are fully deer-fenced, offering exceptional privacy while protecting the property's lush plantings. At the heart of the expansive backyard is a brand-new heated Gunite pool—an idyllic, resort-caliber setting for entertaining, summer gatherings, or peaceful afternoons at home.Beyond its pristine, move-in-ready condition, the property offers exciting possibilities for future enhancement and value creation. The detached garage, already equipped with water service, provides tremendous flexibility for a future pool house, private studio, home office, fitness retreat, workshop, or customized bonus space. Subject to all applicable permits and approvals, there may also be an opportunity to connect the garage to the main residence with a breezeway—potentially creating a more cohesive compound while expanding the property's overall functionality and appeal.The unfinished lower level presents another valuable opportunity for future customization. Whether envisioned as recreation space, a media room, wine storage, fitness area, home office, or additional owner-use space, it allows the next owner to further enhance the home and unlock meaningful long-term value, subject to all applicable permits and approvals.With its desirable beachside location, heated Gunite pool, private deer-fenced grounds, sophisticated turnkey interiors, and adaptable bonus spaces, the property possesses many of the features most sought after by luxury seasonal renters. This creates compelling income potential for an owner wishing to offset carrying costs, generate seasonal revenue, or establish the home as a premier Hamptons rental investment, subject to local rental regulations and market conditions.Equally suited as an elegant year-round residence, sophisticated weekend escape, or desirable luxury rental, this exceptional offering combines immediate enjoyment with multiple avenues for future growth. The possible breezeway connection, versatile garage, and unfinished lower level distinguish the property from a conventional turnkey home and provide opportunities to further elevate its usability, desirability, and long-term investment value.Located minutes from Sammy's Beach, local marinas, acclaimed restaurants, boutique shopping, and the very best of East Hampton, this distinctive residence offers an increasingly rare combination of location, privacy, luxury amenities, rental appeal, and future possibilities.Completely renovated and upgraded in 2025, impeccably appointed, exceptionally private, and filled with potential, this is more than a Hamptons home—it is a must-have luxury retreat and compelling investment opportunity ready to be enjoyed immediately and enhanced for years to come.Membership in the Settlers Landing Property Owners Association provides access to the association's private beach amenities.
For sale
$2,900,000
7 Gunpowder Ln, East Hampton, NY 11937
3beds
2,000sqft
Single Family Residence
Built in 1997
0.59 Acres Lot
$2,738,200 Zestimate®
$1,450/sqft
$-- HOA
What's special
Beautifully appointed interiorsSophisticated turnkey interiorsExpansive backyardBrand-new heated gunite poolAdaptable bonus spacesSerene private sanctuaryInviting gas fireplace
- 82 days
- 425
- 42
Zillow last checked:
Listed by:
William Raveis Real Estate 631-324-8080,
Jennifer Faga - Real Estate Sales Person 934-231-1263
Source: Out East,MLS#: 397046
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Cooling
- Central Air
Features
- Basement: Yes
- Has fireplace: Yes
Interior area
- Total structure area: 2,000
- Total interior livable area: 2,000 sqft
Property
Parking
- Parking features: GarageDetached
- Has garage: Yes
Features
- Stories: 2
- Has private pool: Yes
- Pool features: Heated
Lot
- Size: 0.59 Acres
Details
- Parcel number: 0300055000600018000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1997
Community & HOA
Location
- Region: East Hampton
Financial & listing details
- Price per square foot: $1,450/sqft
- Tax assessed value: $5,500
- Date on market: 8/4/2026
- Lease term: Contact For Details
Estimated market value
$2,738,200
$2.60M - $2.88M
$7,257/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2026 | Listed for sale | $2,900,000+262.5%$1,450/sqft |
Source: Out East #397046 Report a problem | ||
| 10/26/2020 | Sold | $800,000$400/sqft |
Source: Agent Provided Report a problem | ||
| 4/12/2019 | Listing removed | $27,500$14/sqft |
Source: East Hampton Report a problem | ||
| 4/8/2019 | Listed for rent | $27,500-42.1%$14/sqft |
Source: East Hampton Report a problem | ||
| 10/20/2017 | Listing removed | $47,500$24/sqft |
Source: East Hampton Office #97066 Report a problem | ||
| 9/17/2017 | Price change | $47,500+90%$24/sqft |
Source: East Hampton Office #97066 Report a problem | ||
| 9/14/2017 | Listed for rent | $25,000-35.9%$13/sqft |
Source: East Hampton Office #97066 Report a problem | ||
| 1/11/2017 | Listing removed | $39,000+129.4%$20/sqft |
Source: The Corcoran Group #97066 Report a problem | ||
| 12/5/2015 | Listing removed | $17,000$9/sqft |
Source: The Corcoran Group #60180 Report a problem | ||
| 6/3/2015 | Listed for rent | $17,000$9/sqft |
Source: The Corcoran Group #60180 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $5,500 |
| 2024 | -- | $5,500 +0.9% |
| 2023 | -- | $5,450 |
| 2022 | -- | $5,450 |
| 2021 | -- | $5,450 |
| 2020 | -- | $5,450 |
| 2019 | -- | $5,450 |
| 2018 | -- | $5,450 |
| 2017 | $5,449 | $5,450 |
| 2016 | -- | $5,450 -9.2% |
| 2015 | -- | $6,000 |
| 2014 | -- | $6,000 |
| 2013 | -- | $6,000 -13.7% |
| 2012 | -- | $6,950 |
| 2011 | -- | $6,950 -19.7% |
| 2007 | $6,300 +21.5% | $8,650 |
| 2005 | $5,185 +10.4% | $8,650 |
| 2004 | $4,698 +1% | $8,650 |
| 2003 | $4,650 +1.2% | $8,650 |
| 2002 | $4,594 | $8,650 |
Find assessor info on the county website






