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Off market
  • $12,550,000

    87 Olivers Cove Ln, Water Mill, NY 11976

    9beds
    9,657sqft
    SingleFamily
    Built in 2019
    0.94 Acres Lot
    $12,550,000 Zestimate®
    $1,300/sqft
    $6,194 Estimated rent

    Home value

    $12,550,000

    $11.04M - $14.43M

    $6,194/mo

    Zestimate® history
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    $88,028/mo

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    $88,028/mo

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    What's special

    South of the highway in Water Mill discover this new construction modern farmhouse built by Farrell Building Company on a just-shy acre backing reserve with deeded dock access. Perfect for entertaining indoors or out, the home provides 9,657+/- sq. ft. of living space (inclusive of finished lower level) with nine bedrooms, eight full and three half baths. Enter the foyer to voluminous, light-filled living areas with glass railings, flowing among the living room and great room separated by a double sided fireplace. With a state of the art eat-in kitchen with island, high end appliances, breakfast area and pantry, there is also a formal dining room. Multiple glass doors open to the rear stone patio and covered porch. A large master suite occupies one side of the first level. Upstairs is the spacious junior master suite featuring a private terrace, plus four additional en-suite bedrooms and a laundry. The finished lower level includes recreational rooms, gym, two en-suite bedrooms, and an additional half bath. Outdoors, relax or entertain on the patio or porch overlooking the heated gunite pool and spa. Additional amenities include a mudroom, attached three-car garage with radiant heated flooring, and pre-wiring for a theater. Conveniently located minutes to Southampton, Water Mill and Bridgehampton town centers as well as ocean beaches, with Sag Harbor Village in easy reach. This fully furnished home will be ready for summer.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 11
    • Full bathrooms: 8
    • 1/2 bathrooms: 3
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Microwave, Refrigerator
    Features
    • Flooring: Hardwood
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 9,657 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage - Attached
    Features
    • Exterior features: Wood
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 0.94 Acres
    Details
    • Parcel number: 0900102000300014007

    Construction

    Type & style
    • Home type: SingleFamily
    Condition
    • New construction: No
    • Year built: 2019

    Community & HOA

    Location
    • Region: Water Mill

    Financial & listing details

    • Price per square foot: $1,300/sqft
    • Tax assessed value: $8,247,200

    Price history

    DateEventPrice
    1/23/2020Sold$8,300,000-17%$859/sqft
    Source: Public Record Report a problem
    12/4/2019Pending sale$9,995,000+163%$1,035/sqft
    Source: Saunders & Associates #105412 Report a problem
    9/11/2018Sold$3,800,000-62%$393/sqft
    Source: Public Record Report a problem
    6/8/2018Listed for sale$9,995,000+177.6%$1,035/sqft
    Source: Corcoran Group #105472 Report a problem
    10/27/2016Sold$3,600,000$373/sqft
    Source: Public Record Report a problem
    5/17/2016Listing removed$22,000$2/sqft
    Source: Nest Seekers International Report a problem
    12/17/2015Listed for rent$22,000$2/sqft
    Source: Nest Seekers International Report a problem
    9/24/2015Listing removed$22,000$2/sqft
    Source: Nest Seekers International Report a problem
    5/16/2015Listed for rent$22,000+120%$2/sqft
    Source: Nest Seekers International Report a problem
    10/2/2011Listing removed$10,000$1/sqft
    Source: Perspective Properties Inc Report a problem
    2/15/2011Listed for rent$10,000$1/sqft
    Source: Perspective Properties Inc Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $8,247,200
    2024-- $8,247,200
    2023-- $8,247,200
    2022-- $8,247,200
    2021-- $8,247,200
    2020-- $8,247,200 +4.4%
    2019-- $7,899,400 +121.6%
    2018-- $3,565,100 +28.6%
    2017$10,103 $2,772,200 +17.3%
    2016-- $2,362,900
    2015-- $2,362,900
    2014-- $2,362,900
    2013-- $2,362,900
    2012-- $2,362,900 -4.1%
    2011-- $2,463,800 +5%
    2007$8,923 +54.8%$2,346,500 +95.5%
    2005$5,765 -8.7%$1,200,361 +6349.4%
    2004$6,318 +5.3%$18,612
    2003$6,000 +3.1%$18,612
    2002$5,821 $18,612
    Find assessor info on the county website

    Neighborhood: 11976

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $12,550,000
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $12,550,000