Water Mill Waterfront Traditional Gets $500,000 More Than Asking Price - 27 East

Real Estate News

Real Estate News / 1984782

Water Mill Waterfront Traditional Gets $500,000 More Than Asking Price

icon 1 Photo
84 Wheaton Way, Water Mill. COURTESY SAUNDERS & ASSOCIATES

84 Wheaton Way, Water Mill. COURTESY SAUNDERS & ASSOCIATES

authorStaff Writer on Jun 27, 2022

A waterfront residence in Water Mill recently sold for $8.5 million — half a million dollars over the asking price.

At 84 Wheaton Way, the 4,000-square-foot traditional with both water and farm field views has four bedrooms and four bathrooms. Numerous large windows capture the views and allow in an abundance of natural light.

The living room has a fireplace and opens to a deck. Adjacent to a dining area, the eat-in kitchen features a marble-top island and “exquisite” woodwork and cabinetry, according to the listing, as well as stone countertops and high-end stainless steel appliances. An additional space, which was being used as a gym, has a double-height ceiling.

The master bedroom has a fireplace and private balcony, and the master bath has a spa tub.

A screened-in porch for outdoor dining opens to the deck around the pool.

The 1.25-acre property includes a private boardwalk to an inlet off Mecox Bay. A heated Gunite pool and spa overlook the water. There is also a one-car detached garage.

Vincent Horcasitas and Alan Schnurman of Saunders & Associates had the listing.

The deal closed on May 4, according to The Real Estate Report Inc., which reports that the sellers were Paul and Sharon Pepe and the new owner is Cricket84 LLC.

The Pepes bought the land in 1993, when it was vacant, for $256,000, according to town property records.

You May Also Like:

Property Fronting Hook Pond Gets $21.75 Million, Its Full Asking Price

The East Hampton Village home fronting Hook Pond recently sold for $21.75 million, its full ... 12 Aug 2022 by Staff Writer

Hamptons Summer Rental Market Slows Down After Two Hot Years

After two supercharged summers, driven by pandemic demand, it seems the East End’s seasonal rental ... 11 Aug 2022 by Sophie Griffin

Pulse: Hamptons Real Estate Roundtable

During the first half of 2022, the Hamptons market achieved record-high prices and record-low inventory, ... by Moderated By Brendan J. O’Reilly

The Top 10 Hamptons Home Sales Of The First Half Of 2022

In the first half of 2022, the top 10 Hamptons home sales ranged in price ... by Staff Writer

Experts Say Community Housing Funds Won’t Be Panaceas But Won’t Overheat Real Estate Market, Either

That the East End has an affordable housing crisis is a given. The extent to ... by Stephen J. Kotz

Hamptons Real Estate Market Is Pivoting, Analyst Says

There is a change in the Hamptons real estate market being felt right now, as ... by Brendan J. O’Reilly

Bespoke Debuts 1 Percent Listing Commissions

Bespoke Real Estate, a brokerage in Manhattan, the Hamptons and Miami specializing in listings priced ... 10 Aug 2022 by Brendan J. O’Reilly

New Build In East Hampton Village Sells With $6.4 Million Price Tag

A new build in East Hampton Village recently closed with a last asking price of ... 9 Aug 2022 by Staff Writer

State Bills Aim To Make Housing More Affordable

Governor Kathy Hochul signed a legislative package boosting housing affordability into law on Monday. The three bills enable local municipalities to expand eligibility for the property tax exemptions for those older than 65, people with disabilities, people with limited income, and first-time homebuyers, and they they provide more time and increased spending on emergency home repairs for low-to-moderate-income seniors. “I am proud to sign these bills to put money back in the pockets of New York homeowners and help seniors and families stay in their homes,” Hochul said in a statement on Monday. “With inflation and rising costs putting a ... by Staff Writer

CPF Revenue For The First Half Of 2022 Is Down 5.3 Percent

Peconic Bay Community Preservation Fund revenue for the first half of the year was $107.44 ... 3 Aug 2022 by Staff Writer