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Prime Amagansett Opportunity on Nearly 3 Acres Set on nearly three acres in one of Amagansett's most desirable hamlets, this rare offering presents multiple paths forward - whether reimagining the existing three-bedroom, three and a half bath contemporary residence or creating something entirely new. Being sold "As-Is" this home offers good bones and character: a vaulted-ceiling living area with fireplace, a solarium-style room, a country kitchen, and an oversized one-car garage. Outdoors, a private, decked pool area feels tucked away from view, offering peaceful seclusion. While the home and pool are being offered strictly as is, the property itself allows for far more. With a maximum clearing allowance of 25, 625± square feet, there is room to expand the residence, add thoughtful outdoor living spaces, or ultimately build a modern Hamptons compound that takes full advantage of the setting. The location underscores the appeal - just minutes from Amagansett Village with its shops, cafés, Balsam Farm Stand, and train station, and a short drive to Atlantic Avenue and Indian Wells beaches. Surrounded by natural preserves and coastal landscapes, the property captures the ease of Amagansett living while also offering quick access to East Hampton Village and Montauk. Rare in both scale and flexibility, this property invites visionaries to restore, reinvent, or reimagine - rewarding whichever path you choose.
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Our Executive Mortgage Banker:
$2,495,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,996,000 | $1,996,000 | $1,996,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $979 | $979 | $979 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,177 | $12,128 | $16,709 |
| Total Monthly Payment | $12,281 | $13,232 | $17,813 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.