SOUTH OF HIGHWAY OVERLOOKING FARM
11 Town Line Road
Wainscott, NY 11975
Year Built: 1926
Land: 2.00 acres (approx.)
This 2 acre, South-of-The-Highway property is a stunning setting, overlooking manicured horse farm to the South and 20 acres of field to the West. And its just a 1.5 mile bike ride to Town Line Beach, past open fields and estate-like Wainscott and Sagaponack homes upwards of $20MM in value.
The 2400 square foot existing artists home is charming, and features 4 bedrooms, 4 baths and a finished lower level. The grounds are simply stunning, with mature specimen trees, open lawn, inground pool, pool house, views and room for tennis.
Just reduced, this property is priced below land value. You can enjoy the existing home for years to come, or plan your own sizeable home on this oversized property---approximately 170' wide by an unbelievable 500' deep. Recent new construction sales of $7.3MM on much smaller lots without tennis point to a potential exit price in the $8MM+ range for a new construction on 2 acres with Tennis. Call for comps and a full analysis.