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
$11,585,800 Zestimate®
$5,543/sqft
$-- HOA
What's special
Heated gunite poolFunctional outdoor spaces
- 171 days |
- 336 |
- 6 |
Zillow last checked: 7 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
$11,585,800
$11.01M - $12.17M
$7,336/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 | ||
| 6/15/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/15/2023 | Listed for sale | $13,495,000+18.4%$5,867/sqft |
Source: Out East #374739 Report a problem | ||
| 5/15/2023 | Price change | $66,666-27.3%$29/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/14/2023 | Listed for rent | $91,666$40/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/15/2022 | Sold | $11,400,000+1040%$4,957/sqft |
Source: Public Record Report a problem | ||
| 3/21/2013 | Sold | $1,000,000+18%$435/sqft |
Source: Public Record Report a problem | ||
| 4/7/1994 | Sold | $847,500$368/sqft |
Source: Public Record 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% |
| 2021 | -- | $6,805,900 |
| 2020 | -- | $6,805,900 |
| 2019 | -- | $6,805,900 +0.9% |
| 2018 | -- | $6,745,300 |
| 2017 | $25,014 | $6,745,300 +1.6% |
| 2016 | -- | $6,639,900 |
| 2015 | -- | $6,639,900 +2% |
| 2014 | -- | $6,507,500 +17.3% |
| 2013 | -- | $5,546,800 |
| 2012 | -- | $5,546,800 |
| 2011 | -- | $5,546,800 +0.9% |
| 2007 | $16,458 -11.3% | $5,495,900 +36.9% |
| 2005 | $18,553 +98% | $4,013,240 +13786.6% |
| 2004 | $9,371 +3.3% | $28,900 +1.8% |
| 2003 | $9,070 +4.6% | $28,388 |
| 2002 | $8,675 | $28,388 |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Neighborhood: 11976
Nearby schools
GreatSchools rating
- 5/10Bridgehampton SchoolGrades: PK-12Distance: 1.8 mi
Local experts in 11976
- New York
- Suffolk County
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- 946 Ocean Rd
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