161 Summerfield Ln Water Mill, NY 11976
Estimated payment $102,978/month
Total Views
6,337
8
Beds
10
Baths
9,000
Sq Ft
$1,777
Price per Sq Ft
Highlights
- Home Theater
- Pool House
- Wood Flooring
- Southampton High School Rated A
- Open Floorplan
- 2 Fireplaces
About This Home
Introducing the "Crown Jewel" of sought-after and highly desired Summerfield Lane - available for the first time since the sub-division was created over 40 years ago. Available as a pre-construction new build or as-is, with the existing dwelling; 161 Summerfield Lane uniquely presents as one of the premier development opportunities available in the Hamptons. Ideally located south of the highway, this offering is just minutes to ocean beaches and within close proximity to beloved Milk Pail and Fairview Farm stands. Tucked away from main thoroughfares, this peaceful cul-de-sac has quietly evolved into one of the Hamptons' most exclusive enclaves, with recent land trades and new construction confirming its prestige. Set at the very end of the lane, 161 Summerfield is the finest offering of them all. Sited on an oversized 1.03 acre parcel with private access via an easement, the property enjoys the serenity of backing 19 acres of agricultural reserve - currently home to the bucolic Topping Horse Farm and protected from future development. Favorable pre-existing setbacks allow for this unique new development program including a proposed 9,000 +/- square foot new construction residence, by architect Will Minnear and developer/builder Michael Frank. The proposed modern construction includes 8 bedrooms, 10 baths, pool, spa, expansive outdoor living areas, and the finest finishes throughout. The generous lot allows for multiple accessory structures including a pool house and a north-south facing tennis court or padel/pickleball if desired. There is simply no other offering on the market that combines this caliber of location, acreage, privacy, and scale - south of the highway, on a quiet cul-de-sac, with forever-protected views and space for a full program residence - at this price point.
Home Details
Home Type
- Single Family
Parking
- 3 Car Attached Garage
Interior Spaces
- 9,000 Sq Ft Home
- 2-Story Property
- Open Floorplan
- 2 Fireplaces
- Entrance Foyer
- Home Theater
- Den
- Wood Flooring
- Finished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- Walk-In Closet
Pool
- Pool House
- Heated In Ground Pool
- Gunite Pool
Utilities
- Central Air
- Septic Tank
Additional Features
- Patio
- 1.03 Acre Lot
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | -- | $3,779,800 | $3,106,100 | $673,700 |
| 2023 | -- | $3,779,800 | $3,106,100 | $673,700 |
| 2022 | $16,844 | $3,779,800 | $3,106,100 | $673,700 |
| 2021 | $16,844 | $3,779,800 | $3,106,100 | $673,700 |
| 2020 | $14,803 | $3,779,800 | $3,106,100 | $673,700 |
| 2019 | $14,803 | $0 | $0 | $0 |
| 2018 | -- | $3,722,500 | $3,106,100 | $616,400 |
| 2017 | $15,786 | $3,722,500 | $3,106,100 | $616,400 |
| 2016 | $16,262 | $3,722,500 | $3,106,100 | $616,400 |
| 2015 | -- | $3,722,500 | $3,106,100 | $616,400 |
| 2014 | -- | $2,884,300 | $2,329,600 | $554,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | For Sale | $7,995,000 | -50.0% | $2,423 / Sq Ft |
| 06/26/2025 06/26/25 | For Sale | $15,995,000 | -- | $1,777 / Sq Ft |
Source: NY State MLS
Similar Homes in Water Mill, NY
Source: NY State MLS
MLS Number: 11523411
APN: 0900-104-00-02-00-022-000
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