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Hamptons Life

Sep 12, 2018 1:57 PMPublication: The East Hampton Press & The Southampton Press

7-Figure Transactions Pile Up In Water Mill

951 Cobb Road West, Water Mill, sold for $8.06 million. COURTESY CORCORAN
Sep 17, 2018 10:00 AM

Every time you think real estate activity has quieted down in Water Mill, there is a fresh flurry of sales. This week’s roundup of new transactions is led by 951 Cobb Road West, which changed hands for $8.06 million.

At a robust 10,336 square feet on 1 acre, the new residence boasts eight bedrooms and 12.5 baths. The 28-foot entry foyer with floor-to-ceiling windows and an amazing chandelier is the centerpiece from which the floor plan unfolds. The first floor has a living room with two fireplaces and NanaWall doors that fully open to the property, a dining room and a library with electric fireplaces, and a laundry room and two powder rooms. The kitchen has top-of-the-line appliances including Sub Zero and Wolf with sleek functional cabinetry, a butler’s pantry, and a waterfall island for working and eating plus room for dining and seating by the fireplace. On the second floor there are five en-suite bedrooms including the master haven with fireplace, adjoining his and her baths, sitting room, and custom wardrobe. There are two upper decks for viewing off the master and a guest room. The entertainment level is built out with a glass-enclosed gym, a home theater, sauna, full bath with stone wall, two en-suite bedrooms and a large living room with a fireplace and handcrafted dual cooling system wine refrigerators. Special features include smart house technology, a screen porch off the kitchen, outdoor bath for use at the bluestone terrace, heated pool and spa, and a three-car garage

Another property in the hamlet, this one at 108 Osprey Way, was sold to a limited liability company for $7.3 million. Eight bedrooms and eight baths and two half-baths are within 9,800 square feet of living space on 1.1 acres. Custom built for the current owners, we’re told only that “this lavish, elegant, and drop dead gorgeous traditional estate is a new breed of Hamptons home that pushes the luxury living envelope to another level.” Okay, roger that.

Another LLC picked up 30 Cobb Isle Road for $6.75 million. In this case, the property is vacant land with panoramic views of Meyer’s Pond. The new owner was advised that the property “offers ample room to build your dream estate, with a picturesque setting, specimen trees, and a new dock—perfect for boating on Mecox Bay to some of the Hamptons’ most desirable beaches.”

The 1.7 acre property at 25 Newground Lane has a 5,500-square-foot home with eight bedrooms and nine baths. It was purchased by Jacqueline and Michael Kempner for $4.45 million. A gracious entry leads to finished white oak floors which spread out to include the great room and a separate living room with fireplace. The state-of-the-art eat-in kitchen easily services the dining room. A convenient guest master, powder room, mud room, and two-car garage complete the first floor. Upstairs, the master suite offers a sleeping chamber, spa-like bath, large walk-in closet, and a private balcony. Four additional guest bedrooms, all with baths en-suite, and a laundry room complete the second floor. The finished lower level offers the possibilities of a gym, recreational room, and two additional bedroom suites. Outside, both covered and uncovered patios overlook the heated pool.

Just one more to mention in Water Mill: 124 Narod Boulevard was sold to Philip Marber for $4.23 million. The 6,205-square-foot house on 0.34 acre has six bedrooms and seven baths with a fireplace and a heated pool outside.

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Why is this listed under “news”? My little house has been worth 7 figures for 2 years now.
By btdt (425), water mill on Sep 24, 18 5:44 PM