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For sale
  • Price cut: $4.6M (6/30)
    $39,950,000

    71 Cobb Ln, Water Mill, NY 11976

    13beds
    17,173sqft
    Loading
    Single Family Residence
    Built in ----
    9.11 Acres Lot
    $-- Zestimate®
    $2,326/sqft
    $-- HOA

    What's special

    Tennis courtBasketball courtPrivate dockOutstanding water viewsTranquil bay vistasExpansive groundsSeparate formal dining room
    Set on over 9 acres with 3,173 +/- feet of private shoreline on Burnett Creek, this generational estate offers an opportunity like no other in the Hamptons. Located along a private peninsula on Mecox Bay, the property presents the ultimate in setting and exclusivity. Designed by renowned architect Barnes Coy Architects, the 17,173 +/- sq. ft. residence has been meticulously maintained and continuously updated over the past two decades. The main house is spread across two levels presenting open spaces and intelligent architectural aspects throughout. With design elements that harness natural light across each area of the home, this ample residence is bright and enjoyable all year round. The home affords multiple living areas, each of which showcase tranquil bay vistas through large windows adorned with brilliant trim detailing. A fully equipped eat-in kitchen offers outstanding water views with a breakfast area capable of seating 10. The separate formal dining room offers additional seating for all types of hosting and entertaining. Space for guests and staff is plentiful, with a total of 13 bedrooms, 13 full and 6 half bathrooms, and additional staff quarters. With expansive grounds, the backyard presents luxurious amenities such as a tennis court accompanied by a tennis house, basketball court, saltwater gunite pool and spa, along with a two-level pool house inclusive of a commercial kitchen, gym, sauna, arcade, and pool side deck with all-weather dining area. A perfectly manicured walkway to the water's edge leads to the private dock which offers access to Mecox Bay. All of which create one of the most rare and unique offerings ever to come to market in the Hamptons. With a major redevelopment plan by award-winning design and architecture firm Ingrao Inc., the property can be completely modernized and updated. Inquire for additional details and floor plans.
    737 days
    |
    1,711
    |
    122
    |

    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#: 365738

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 13
      • Bathrooms: 19
      • Full bathrooms: 13
      • 1/2 bathrooms: 6
      Rooms
      • Room types: Family Room, Laundry
      Cooling
      • Central Air
      Features
      • Basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 17,173
      • Total interior livable area: 17,173 sqft

      Property

      Parking
      • Parking features: GarageAttached
      • Has attached garage: Yes
      Features
      • Stories: 2
      • Exterior features: Tennis Court(s)
      • Has private pool: Yes
      • Pool features: Heated
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water
      • Waterfront features: Waterfront
      • Frontage type: Waterfront
      Lot
      • Size: 9.11 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: $2,326/sqft
      • Date on market: 7/17/2024
      • Lease term: Contact For Details

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $4,580/mo

        Price history

        DateEventPrice
        6/30/2026Price change$39,950,000-10.2%$2,326/sqft
        Source: Out East #365738 Report a problem
        2/10/2026Price change$44,500,000-6.3%$2,591/sqft
        Source: Out East #365738 Report a problem
        3/3/2025Price change$47,500,000-9.5%$2,766/sqft
        Source: Out East #365738 Report a problem
        3/26/2024Price change$52,500,000-12.4%$3,057/sqft
        Source: Out East #365738 Report a problem
        8/9/2022Price change$59,950,000-6.3%$3,491/sqft
        Source: Out East #365738 Report a problem
        7/8/2022Price change$64,000,000-11.1%$3,727/sqft
        Source: Out East #365738 Report a problem
        5/5/2022Listed for sale$72,000,000$4,193/sqft
        Source: Out East #365738 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

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