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Off market
  • $11,541,800

    946 Ocean Rd, Water Mill, NY 11976

    5beds
    2,300sqft
    Single Family Residence
    Built in 1984
    3 Acres Lot
    $11,541,800 Zestimate®
    $5,018/sqft
    $7,764 Estimated rent

    Home value

    $11,541,800

    $10.96M - $12.12M

    $7,764/mo

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    $80,956/mo

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    What's special

    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.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked: 7 hours ago

    Source: Out East,MLS#: 388877

    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 & neighborhood

    Location
    • Region: Water Mill

    Price history

    DateEventPrice
    4/24/2026Listing removed$12,750,000$5,543/sqft
    Source: Out East #388877 Report a problem
    12/17/2025Price change$12,750,000-5.5%$5,543/sqft
    Source: Out East #388877 Report a problem
    9/27/2025Listed for sale$13,495,000-9.7%$5,867/sqft
    Source: Out East #388877 Report a problem
    9/27/2025Listing removed$14,950,000$6,500/sqft
    Source: Out East #374739 Report a problem
    5/22/2025Price change$14,950,000-0.3%$6,500/sqft
    Source: Out East #374739 Report a problem
    3/3/2025Price change$14,995,000+11.1%$6,520/sqft
    Source: Out East #374739 Report a problem
    6/15/2023Listing removed--
    Source: Zillow Rentals Report a problem
    6/15/2023Listed for sale$13,495,000+18.4%$5,867/sqft
    Source: Out East #374739 Report a problem
    5/15/2023Price change$66,666-27.3%$29/sqft
    Source: Zillow Rentals Report a problem
    2/14/2023Listed for rent$91,666$40/sqft
    Source: Zillow Rentals Report a problem
    3/15/2022Sold$11,400,000+1040%$4,957/sqft
    Source: Public Record Report a problem
    3/21/2013Sold$1,000,000+18%$435/sqft
    Source: Public Record Report a problem
    4/7/1994Sold$847,500$368/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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

    Neighborhood: 11976

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $11,541,800
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    Estimated market value
    $11,541,800