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For sale
  • $2,900,000

    7 Gunpowder Ln, East Hampton, NY 11937

    3beds
    2,000sqft
    Loading
    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
    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.
    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

        DateEventPrice
        8/4/2026Listed for sale$2,900,000+262.5%$1,450/sqft
        Source: Out East #397046 Report a problem
        10/26/2020Sold$800,000$400/sqft
        Source: Agent Provided Report a problem
        4/12/2019Listing removed$27,500$14/sqft
        Source: East Hampton Report a problem
        4/8/2019Listed for rent$27,500-42.1%$14/sqft
        Source: East Hampton Report a problem
        10/20/2017Listing removed$47,500$24/sqft
        Source: East Hampton Office #97066 Report a problem
        9/17/2017Price change$47,500+90%$24/sqft
        Source: East Hampton Office #97066 Report a problem
        9/14/2017Listed for rent$25,000-35.9%$13/sqft
        Source: East Hampton Office #97066 Report a problem
        1/11/2017Listing removed$39,000+129.4%$20/sqft
        Source: The Corcoran Group #97066 Report a problem
        12/5/2015Listing removed$17,000$9/sqft
        Source: The Corcoran Group #60180 Report a problem
        6/3/2015Listed for rent$17,000$9/sqft
        Source: The Corcoran Group #60180 Report a problem

        Public tax history

        YearProperty taxesTax 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

        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: Northwest Harbor

        Getting around

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