NOT LISTED FOR SALE

38 Mathews Rd Wainscott, NY 11975

Estimated Value: $1,509,000 - $4,556,000

8 Beds
14 Baths
25,000 Sq Ft
$121/Sq Ft Est. Value

About This Home

Privately tucked away on a 25-acre± peninsula fronting Georgica Pond, Burnt Point is a world-class waterfront estate redefining luxury living. Breathtaking in scale and setting, this 25,000 SF± architectural masterpiece offers sweeping water views on three sides-capturing the tranquil beauty across Georgica Pond down to the Atlantic Ocean-and features over 2,000 feet± of direct water frontage, along with a private dock and boathouse. Designed by renowned architect Francis Fleetwood and featured in Architectural Digest, the home was built with steel frame construction to the highest standards of craftsmanship. A long, gated driveway leads to a grand entrance with a covered porte cochere. Inside, the interiors curated by Brian O'Keefe and designer Marjorie Shushan evoke timeless elegance, with a recent reimagination by Michael Smith. Detailed with 200-year-old antique oak flooring, six stone fireplaces, and distinctive arched doorways. No two rooms are alike, and nearly every space is graced with panoramic water views. The estate includes a five-bedroom main residence and a fully self-contained, three-bedroom guest wing connected by a Cotswold stone breezeway. With 10 full bathrooms, 4 half baths, and two working elevators, the home is both spacious and thoughtfully functional. Amenities include a stunning waterside infinity-edge pool with waterfall spa, sunken Har Tru tennis court with viewing pavilion, screened outdoor dining area with limestone flooring and built-in barbecue, and extensive terraces crafted from European sandstone and Cotswold stone. Manicured lawns stretch to the water's edge, while a professional greenhouse, multiple garages accommodating up to 10 vehicles, and underground tunnels linking mechanical systems exemplify the estate's unmatched infrastructure. Just minutes from the East Hampton Airport and ocean beaches. This is more than a home; it's a legacy property and a rare Hamptons retreat where elegance meets serenity.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2015
Sold by
Rahr Stewart
Bought by
Stewart J Rahr Foundation
Current Estimated Value
$3,032,500

Purchase Details

Closed on
Jun 15, 2015
Sold by
Rahr Carol
Bought by
Rahr Stewart

Purchase Details

Closed on
Jan 27, 2005
Sold by
Eyc Burnt Point Llc
Bought by
Rahr Stewart

Purchase Details

Closed on
Dec 24, 2002
Sold by
Campbell R David and Campbell Elizabeth Y
Bought by
Eyc Burnt Point Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Interest Rate
5.98%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 30, 1997
Sold by
Campbell R David
Bought by
Campbell R David and Campbell Elizabeth Y
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Stewart J Rahr Foundation -- None Available
Stewart J Rahr Foundation -- None Available
Rahr Stewart -- None Available
Rahr Stewart -- None Available
Rahr Stewart $39,250,000 Bruce Bieber
Eyc Burnt Point Llc -- --
Eyc Burnt Point Llc -- --
Campbell R David -- --
Campbell R David R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eyc Burnt Point Llc $10,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2025 05/09/25 For Sale $67,500,000 0.0% $2,700 / Sq Ft
05/07/2025 05/07/25 Off Market $67,500,000 -- --
04/24/2025 04/24/25 For Sale $67,500,000 -- $2,700 / Sq Ft

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 $186,338 $263,200 $26,400 $236,800
2023 -- $263,200 $26,400 $236,800
2022 $145,075 $275,000 $26,400 $248,600
2021 $145,075 $275,000 $26,400 $248,600
2020 $155,182 $275,000 $26,400 $248,600
2019 $155,182 $0 $0 $0
2018 $145,075 $275,000 $26,400 $248,600
2017 $146,235 $275,000 $26,400 $248,600
2016 $145,634 $275,000 $26,400 $248,600
2015 -- $275,000 $26,400 $248,600
2014 -- $275,000 $26,400 $248,600
Source: Public Records

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