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For sale
  • Price cut: $12.5M (6/30)
    $42,500,000

    70 Cobb Ln, Water Mill, NY 11976

    11beds
    28,000sqft
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    Single Family Residence
    Built in ----
    12.2 Acres Lot
    $-- Zestimate®
    $1,518/sqft
    $-- HOA

    What's special

    Floor to ceiling windowsBasketball courtHalf basketball courtIndoor swimming poolSweeping viewsPrivate peninsulaBay views
    Set on a private peninsula on Mecox Bay, this stunning 12.2 +/- acre estate is now available for purchase. With 28,000 +/- square feet of living space across three levels, the magnificent residence boasts 11 bedrooms, 14 full bathrooms, and 5 powder rooms. Upon entry, a grand foyer with dual staircases introduces the main level and showcases a flood of natural light through floor to ceiling windows. The well equipped eat-in kitchen highlights stainless steel appliances and marble countertops with a generous stew pantry, and is accompanied by a formal dining room with seating for ten. Outfitted for all season dining, the exterior family room affords additional seating. The formal living area is joined by a private study and a separate den with a fireplace and wet bar. Access to the attached 3-car garage, staff bedroom, and three powder rooms complete this floor. The secondary level offers a spacious primary suite along with six guest bedrooms, four of which are ensuite. The guest wing is joined by two seating areas, an office, and an upstairs laundry room, while multiple terraces present sweeping views across the expansive estate and towards Mecox Bay. Fit for entertaining, the lower level presents an abundance of amenities including a 14-seat movie theatre, 2-lane bowling alley with a viewing area for 12 people, half court basketball, professional gym, 350 bottle wine cellar, and a game room with billiards, 750 gallon shark tank, wet bar, arcade, and ping pong table. The downstairs also provides three bedrooms, two bathrooms and a staff area with kitchenette, living room, and dining room. Accommodating all aspects of relaxation, the residence is equipped with a massage room, spa with sauna and steam room and an indoor swimming pool. With no detail or amenity spared, the exterior hosts numerous entertainment elements including a courtyard with a fire pit and concealed outdoor television, multiple lounging areas, heated pool with a spa and waterfall, half basketball court, and an outdoor dining area with large grill and pizza oven. Surrounded by a moat, the pergola and separate pool house affords a kitchenette and full bathroom. With a picturesque setting and a backdrop of bay views, this resort-like estate is truly a unique south of the highway opportunity.
    732 days
    |
    3,049
    |
    179
    |

    Zillow last checked:

    Listed by:

    Hedgerow Exclusive Properties 631-296-8543,

    Hedgerow Exclusive Properties - Real Estate Sales Person 631-296-8543

    Source: Out East,MLS#: 372326

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 11
      • Bathrooms: 19
      • Full bathrooms: 14
      • 1/2 bathrooms: 5
      Rooms
      • Room types: Family Room, Laundry, Office
      Cooling
      • Central Air
      Features
      • Basement: Yes
      • Has fireplace: No
      Interior area
      • Total structure area: 28,000
      • Total interior livable area: 28,000 sqft

      Property

      Parking
      • Parking features: GarageDetached
      • Has garage: Yes
      Features
      • Has private pool: Yes
      • Pool features: Heated
      • Has spa: Yes
      • Spa features: Heated
      Lot
      • Size: 12.2 Acres

      Construction

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

      Community & HOA

      Location
      • Region: Water Mill

      Financial & listing details

      • Price per square foot: $1,518/sqft
      • Date on market: 7/17/2024
      • Lease term: Contact For Details

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $3,193/mo

        Price history

        DateEventPrice
        6/30/2026Price change$42,500,000-22.7%$1,518/sqft
        Source: Out East #372326 Report a problem
        3/26/2024Price change$54,950,000-7.6%$1,963/sqft
        Source: Out East #372326 Report a problem
        4/6/2023Listing removed--
        Source: Zillow Rentals Report a problem
        4/6/2023Listed for sale$59,500,000$2,125/sqft
        Source: Out East #372326 Report a problem
        3/3/2023Listed for rent$1,000,000$36/sqft
        Source: Zillow Rentals Report a problem

        Public tax history

        Tax history is unavailable.

        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: 11976

        Getting around

        2 / 100
        Car-Dependent
        27 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

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