Set on 3 acres and surrounded by mature specimen trees, this property offers both immediate enjoyment and future potential. The existing house spans approximately 2,300 square feet and is accompanied by a separate artist's studio with a full bathroom, a detached garage, heated gunite pool, and a selection of functional outdoor spaces. It is a comfortable, versatile setup ideal for living, working, or weekend retreat. For those seeking to create a larger estate, the property also presents a rare opportunity for new development. Plans by noted Hamptons architect Raymond Renault are already in place for a thoughtfully designed compound. The proposed development includes a 14,512 +/- sq. ft. main residence with a finished lower level, a heated gunite pool and spa, an attached garage, and a sunken, regulation-size tennis court. The design allows for a seamless blend of indoor-outdoor living, with space for an additional accessory structure, all set within a private, resort-style layout. Whether enjoyed as-is or built anew, this property offers a flexible foundation in a peaceful, setting - ready to accommodate a variety of visions.
For sale
Price cut: $745K (12/17)
$12,750,000
946 Ocean Rd, Water Mill, NY 11976
5beds
2,300sqft
Single Family Residence
Built in 1984
3 Acres Lot
$12,170,600 Zestimate®
$5,543/sqft
$-- HOA
What's special
Heated gunite poolFunctional outdoor spaces
- 97 days |
- 407 |
- 14 |
Zillow last checked: 8 hours ago
Listing by:
Hedgerow Exclusive Properties 631-296-8543,
Hedgerow Exclusive Properties - Real Estate Sales Person 631-296-8543
Source: Out East,MLS#: 388877
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Cooling
- Central Air
Features
- Basement: No
- Has fireplace: Yes
Interior area
- Total structure area: 2,300
- Total interior livable area: 2,300 sqft
Property
Parking
- Parking features: GarageDetached
- Has garage: Yes
Features
- Has private pool: Yes
- Pool features: Heated
Lot
- Size: 3 Acres
Details
- Parcel number: 0900105000100005004
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1984
Community & HOA
Location
- Region: Water Mill
Financial & listing details
- Price per square foot: $5,543/sqft
- Tax assessed value: $6,824,000
- Date on market: 9/27/2025
- Lease term: Contact For Details
Estimated market value
$12,170,600
$11.56M - $12.78M
$6,830/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/17/2025 | Price change | $12,750,000-5.5%$5,543/sqft |
Source: Out East #388877 Report a problem | ||
| 9/27/2025 | Listed for sale | $13,495,000-9.7%$5,867/sqft |
Source: Out East #388877 Report a problem | ||
| 9/27/2025 | Listing removed | $14,950,000$6,500/sqft |
Source: Out East #374739 Report a problem | ||
| 5/22/2025 | Price change | $14,950,000-0.3%$6,500/sqft |
Source: Out East #374739 Report a problem | ||
| 3/3/2025 | Price change | $14,995,000+11.1%$6,520/sqft |
Source: Out East #374739 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $6,824,000 |
| 2023 | -- | $6,824,000 |
| 2022 | -- | $6,824,000 +0.3% |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: 11976
Nearby schools
GreatSchools rating
- 6/10Bridgehampton SchoolGrades: PK-12Distance: 1.8 mi
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