Set at the end of a quiet cul-de-sac between Bridgehampton and Sag Harbor Village, this expansive 4.59-acre property presents a rare opportunity to create a substantial Hamptons estate while building on an impressive collection of existing amenities. The parcel can accommodate a new principal residence and tennis while retaining the existing accessory structure, pool, and spa, providing a strong foundation for a complete private compound. Plans have already been drawn, allowing the next owner to continue the current permitting process or pursue a new design suited to the property. With generous acreage and ample space for indoor-outdoor living, the setting offers exceptional privacy, flexibility, and development potential. Despite its peaceful surroundings, the property is conveniently located near the celebrated restaurants, shops, ocean beaches, and bay beaches of Bridgehampton and Sag Harbor. Whether completing the existing vision or starting fresh, this exceptional offering provides the space, setting, and amenities to create a distinctive Hamptons retreat.
Lot/land
$3,495,000
850 Old Sag Harbor Rd, Water Mill, NY 11976
0beds
--baths
4.59Acres
Unimproved Land
Built in ----
4.59 Acres Lot
$3,533,400 Zestimate®
$--/sqft
$-- HOA
What's special
Exceptional privacy
- 6 hours
- 76
- 3
Zillow last checked:
Listed by:
Saunders & Associates 631-644-6636,
Elliot Pegg - Real Estate Sales Person 631-644-6636
Source: Out East,MLS#: 397511
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
Features
- Basement: No
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Parking features: None
Features
- Pool features: Room for a Pool
Lot
- Size: 4.59 Acres
Details
- Parcel number: 0900036000100020010
Community & HOA
Community
- Features: Room for a Tennis Court
Location
- Region: Water Mill
Financial & listing details
- Tax assessed value: $1,576,400
- Date on market: 8/28/2026
- Lease term: Contact For Details
Estimated market value
$3,533,400
$3.36M - $3.71M
$6,888/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2026 | Listed for sale | $3,495,000-12.5% |
Source: Out East #397511 Report a problem | ||
| 6/28/2025 | Listing removed | $3,994,000 |
Source: Out East #384163 Report a problem | ||
| 10/14/2024 | Price change | $3,994,000-15.9% |
Source: Out East #384163 Report a problem | ||
| 10/3/2024 | Listed for sale | $4,750,000+102.6% |
Source: Out East #384163 Report a problem | ||
| 4/22/2023 | Listing removed | -- |
Source: Out East Report a problem | ||
| 4/1/2023 | Price change | $2,345,000-6% |
Source: Out East #362980 Report a problem | ||
| 3/6/2023 | Listed for sale | $2,495,000 |
Source: Out East #362980 Report a problem | ||
| 1/21/2023 | Listing removed | -- |
Source: Out East Report a problem | ||
| 9/19/2022 | Price change | $2,495,000-5.8% |
Source: Out East #362980 Report a problem | ||
| 9/4/2022 | Price change | $2,650,000-3.6% |
Source: Out East #362980 Report a problem | ||
| 8/18/2022 | Price change | $2,750,000-8.2% |
Source: Out East #362980 Report a problem | ||
| 7/27/2022 | Price change | $2,995,000-14.3% |
Source: Out East #362980 Report a problem | ||
| 6/29/2022 | Listed for sale | $3,495,000-30% |
Source: Out East #362980 Report a problem | ||
| 5/18/2022 | Listing removed | -- |
Source: Out East Report a problem | ||
| 2/17/2022 | Price change | $4,995,000-23.1% |
Source: Out East #362980 Report a problem | ||
| 1/19/2022 | Listed for sale | $6,495,000+195.2% |
Source: Out East #362980 Report a problem | ||
| 12/21/2021 | Price change | $100,000+100% |
Source: Out East #357247 Report a problem | ||
| 11/30/2021 | Listed for rent | $50,000+57.9% |
Source: Out East #357247 Report a problem | ||
| 9/15/2021 | Sold | $2,200,000+0.2% |
Source: Public Record Report a problem | ||
| 2/17/2021 | Pending sale | $2,195,000 |
Source: Corcoran Group #248652 Report a problem | ||
| 11/5/2020 | Price change | $2,195,000-4.4% |
Source: Corcoran Group #248652 Report a problem | ||
| 6/25/2020 | Listed for sale | $2,295,000 |
Source: Corcoran Group #248652 Report a problem | ||
| 1/15/2020 | Listing removed | $31,666 |
Source: Bridgehampton West #348486 Report a problem | ||
| 11/6/2019 | Listed for rent | $31,666 |
Source: Bridgehampton West #348486 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,576,400 |
| 2024 | -- | $1,576,400 |
| 2023 | -- | $1,576,400 |
| 2022 | -- | $1,576,400 +0.9% |
| 2021 | -- | $1,562,700 |
| 2020 | -- | $1,562,700 |
| 2019 | -- | $1,562,700 +1.1% |
| 2018 | -- | $1,545,400 |
| 2017 | $7,705 | $1,545,400 -22% |
| 2016 | -- | $1,981,900 |
| 2015 | -- | $1,981,900 |
| 2014 | -- | $1,981,900 +9.2% |
| 2013 | -- | $1,815,400 |
| 2012 | -- | $1,815,400 |
| 2011 | -- | $1,815,400 +19.5% |
| 2007 | $4,436 -35.4% | $1,519,700 +0% |
| 2005 | $6,865 +123.1% | $1,519,019 +14999.6% |
| 2004 | $3,077 +1.8% | $10,060 |
| 2003 | $3,021 +5.1% | $10,060 |
| 2002 | $2,876 | $10,060 |
Find assessor info on the county website






