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Sold for $7,610,000
  • $7,610,000

    975 Flying Point Rd, Water Mill, NY 11976

    9beds
    19,460sqft
    Single Family Residence
    Built in 2026
    2.91 Acres Lot
    $13,947,400 Zestimate®
    $391/sqft
    $6,136 Estimated rent

    Home value

    $13,947,400

    $13.25M - $14.64M

    $6,136/mo

    Zestimate® history
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    $52,544/mo

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    What's special

    Waterfront terraceWaterfront parcelsOpen sightlinesDock rightsResort-style pool settingExpansive living spacesDramatic sculptural stair
    An extraordinary, unparalleled opportunity to possess the trifecta water vision of bay, pond and ocean. This is truly a treasured trophy. Set South of the Highway on nearly three pristine acres in Water Mill, 975 Flying Point Road offers an unbelievable new construction opportunity. With 415' of water frontage, sweeping pond, bay, and ocean views, dock rights, and a coveted Flying Point setting, this is a true Hamptons legacy offering - where an iconic modern estate can be realized on one of the East End's most exceptional waterfront parcels. Designed by Kimmel Studio Architects, the envisioned estate is a bold yet refined contemporary statement spanning nearly 20,000 SF across three levels, complemented by an additional 3,500 +/- SF rooftop terrace with a pickleball court. Walls of glass, soaring ceiling heights, and open sightlines are conceived to keep the water and sky present throughout, while a dramatic sculptural stair and elevator connect the home's living levels. The main floor is planned for grand-scale entertaining, with expansive living spaces flowing to a waterfront terrace and resort-style pool setting, supported by a professional-grade kitchen with prep kitchen and butler's pantry. Multiple lounges and flexible gathering spaces create an ideal balance of drama and comfort. The upper level is dedicated to luxurious accommodations, highlighted by a primary suite designed for privacy and panoramic water views, along with additional guest suites thoughtfully positioned throughout. Crowning the home, the rooftop is planned as an exceptional outdoor destination, featuring a pickleball court, outdoor kitchen, and sweeping vistas - an unforgettable stage for sunset gatherings and summer celebrations. A full lower level offers substantial flexibility, including garage parking, storage, and the opportunity to incorporate additional recreation or wellness amenities. Thoughtfully imagined to maximize waterfront exposure while preserving privacy, this is a rare chance to create your generational estate in the Hamptons, in a premier location with a clear architectural vision already in place. Pricing reflects the land offering with the completed construction of the home in accordance with the attached plans and applicable approvals. Also listed as land with permits in place to BUILD TODAY.

    Zillow last checked:

    Source: Out East,MLS#: 393374

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 10
    • Full bathrooms: 8
    • 1/2 bathrooms: 2
    Rooms
    • Room types: Family Room, Laundry, Library, Office
    Cooling
    • Central Air
    Features
    • Basement: Yes
    • Has fireplace: No
    Interior area
    • Total structure area: 19,460
    • Total interior livable area: 19,460 sqft

    Property

    Parking
    • Parking features: GarageAttached
    • Has attached garage: Yes
    Features
    • Stories: 3
    • 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: 2.91 Acres
    Details
    • Parcel number: 0900178000100017042

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New Construction
    • New construction: Yes
    • Year built: 2026

    Community & HOA

    Location
    • Region: Water Mill

    Financial & listing details

    • Price per square foot: $391/sqft
    • Tax assessed value: $4,665,800
    • Date on market: 2/6/2026
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    7/7/2026Listing removed$34,700,000$1,783/sqft
    Source: Out East #393374 Report a problem
    2/6/2026Listed for sale$34,700,000+356%$1,783/sqft
    Source: Out East #393374 Report a problem
    4/12/2024Sold$7,610,000-75.4%$391/sqft
    Source: Public Record Report a problem
    6/7/2023Listing removed--
    Source: Out East Report a problem
    4/13/2023Price change$30,900,000+186.2%$1,588/sqft
    Source: Out East #369578 Report a problem
    1/19/2023Price change$10,795,000-65.1%$555/sqft
    Source: Out East #369645 Report a problem
    10/21/2022Listed for sale$30,900,000+215.3%$1,588/sqft
    Source: Out East #369578 Report a problem
    3/30/2020Listing removed$9,800,000$504/sqft
    Source: Corcoran - EE Southampton #873 Report a problem
    8/6/2017Price change$9,800,000-6.7%$504/sqft
    Source: Corcoran Group #873 Report a problem
    3/27/2016Listed for sale$10,500,000-0.9%$540/sqft
    Source: The Corcoran Group #873 Report a problem
    2/12/2016Sold$10,600,000$545/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $4,665,800 -52.3%
    2024-- $9,776,600
    2023-- $9,776,600
    2022-- $9,776,600
    2021-- $9,776,600
    2020-- $9,776,600
    2019-- $9,776,600
    2018-- $9,776,600
    2017$20,741 $9,776,600 +91.2%
    2016-- $5,113,900 +30.8%
    2015-- $3,910,600
    2014-- $3,910,600
    2013-- $3,910,600
    2012-- $3,910,600
    2011-- $3,910,600 +25%
    2007$13,728 $3,128,500
    Find assessor info on the county website

    Neighborhood: 11976

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $13,947,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $13,947,400