Skip main navigation
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
    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.
    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

        DateEventPrice
        8/28/2026Listed for sale$3,495,000-12.5%
        Source: Out East #397511 Report a problem
        6/28/2025Listing removed$3,994,000
        Source: Out East #384163 Report a problem
        10/14/2024Price change$3,994,000-15.9%
        Source: Out East #384163 Report a problem
        10/3/2024Listed for sale$4,750,000+102.6%
        Source: Out East #384163 Report a problem
        4/22/2023Listing removed--
        Source: Out East Report a problem
        4/1/2023Price change$2,345,000-6%
        Source: Out East #362980 Report a problem
        3/6/2023Listed for sale$2,495,000
        Source: Out East #362980 Report a problem
        1/21/2023Listing removed--
        Source: Out East Report a problem
        9/19/2022Price change$2,495,000-5.8%
        Source: Out East #362980 Report a problem
        9/4/2022Price change$2,650,000-3.6%
        Source: Out East #362980 Report a problem
        8/18/2022Price change$2,750,000-8.2%
        Source: Out East #362980 Report a problem
        7/27/2022Price change$2,995,000-14.3%
        Source: Out East #362980 Report a problem
        6/29/2022Listed for sale$3,495,000-30%
        Source: Out East #362980 Report a problem
        5/18/2022Listing removed--
        Source: Out East Report a problem
        2/17/2022Price change$4,995,000-23.1%
        Source: Out East #362980 Report a problem
        1/19/2022Listed for sale$6,495,000+195.2%
        Source: Out East #362980 Report a problem
        12/21/2021Price change$100,000+100%
        Source: Out East #357247 Report a problem
        11/30/2021Listed for rent$50,000+57.9%
        Source: Out East #357247 Report a problem
        9/15/2021Sold$2,200,000+0.2%
        Source: Public Record Report a problem
        2/17/2021Pending sale$2,195,000
        Source: Corcoran Group #248652 Report a problem
        11/5/2020Price change$2,195,000-4.4%
        Source: Corcoran Group #248652 Report a problem
        6/25/2020Listed for sale$2,295,000
        Source: Corcoran Group #248652 Report a problem
        1/15/2020Listing removed$31,666
        Source: Bridgehampton West #348486 Report a problem
        11/6/2019Listed for rent$31,666
        Source: Bridgehampton West #348486 Report a problem

        Public tax history

        YearProperty taxesTax 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

        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: 11976

        Getting around

        0 / 100
        Car-Dependent
        4 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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

        Browse local experts