NOT LISTED FOR SALE

350 Head of Pond Rd Water Mill, NY 11976

Estimated Value: $5,428,878

48 Acres
$113,813 Price per Acre
2,077,812 Sq Ft Lot

Last Sold April 11, 2024

Last sale price $4,900,000

Est. 11% increase in value since last sale

Current estimated payment $35,672/month

135 Days on Market

About This Lot

As of April 2024

Unprecedented opportunity to own a magnificent 50+ acre farm with two adjacent buildable lots in the heart of Water Mill. The two buildable parcels of 1.4 acres are zoned R40 and each provide large building envelopes with breathtaking western views over the very private, open agricultural reserve. Ideal for many uses from a vineyard, an equestrian or polo facility, a homestead or commercial farm operation, or maybe just a peaceful getaway. Never before offered for sale.

Last Listed By

Lylla Carter

Saunders & Associates Listed on: 10/18/2023

Saunders & Associates

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $109

Lot Details

  • 47.7 Acre Lot

Property Details

Property Type

Land

Est. Annual Taxes

$109

Lot Details

0

Listing Details

  • InteriorAmps: 0
  • Lot Size Acres: 47.70
  • Number Of Stories: 0
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Water Mill
  • Property Class: 129
  • PropertyTownship: Southampton
  • Prop. Type: Vacant Land
  • PropertyZipCode: 11976
  • SForSaleAndRForRental: S
  • USStateAbbreviation: NY
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 0

Interior Features

  • Fireplaces: 0
  • Number of Rooms: 0
  • AboveArea Sq Ft: 0

Garage/Parking

  • Numberof Garage Spaces: 0

Utilities

  • Utilities: 0

Condo/Co-op/Association

  • Units in Building: 0

Schools

  • School District: Southampton
  • School District: Southampton

Lot Info

  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 0
  • Total Taxes: 109

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2023
Closed on
Apr 11, 2024
Sold by
Corwith Tower Lot Llc
Bought by
Ammirati Marchese Fa Llc
Seller's Agent
Lylla Carter
Saunders & Associates
List Price
$8,500,000
Sold Price
$4,900,000
Premium/Discount to List
-$3,600,000
-42.35%
Total Days on Market
135
Views
40
Current Estimated Value
$5,428,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$528,878
Avg. Annual Appreciation
10.36%
Original Mortgage
$4,650,000
Outstanding Balance
$4,608,857
Interest Rate
6.74%
Mortgage Type
Credit Line Revolving
Estimated Equity
$820,021

Range of Values:

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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
Ammirati Marchese Fa Llc $4,900,000 None Available
Ammirati Marchese Fa Llc $4,900,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ammirati Marchese Fa Llc $4,650,000
Closed Ammirati Marchese Fa Llc $4,650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2024 04/11/24 Sold $4,900,000 -42.4% --
03/03/2024 03/03/24 Off Market $8,500,000 -- --
10/18/2023 10/18/23 For Sale $8,500,000 -- --
Source: NY State MLS

Tax History Compared to Growth

Source: Public Records

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
2023 -- $858,600 $858,600 $0
2022 $133 $858,600 $858,600 $0
2021 $133 $858,600 $858,600 $0
2020 $124 $858,600 $858,600 $0
2019 $124 $0 $0 $0
2018 -- $858,600 $858,600 $0
2017 $126 $858,600 $858,600 $0
2016 $131 $858,600 $858,600 $0
2015 -- $858,600 $858,600 $0
2014 -- $858,600 $858,600 $0
Source: Public Records

Agents Affiliated with this Home

  • Lylla Carter

    Seller's Agent in 2024

    Lylla Carter

    Saunders & Associates

    (631) 876-5814

    4 in this area

    7 Total Sales

    Lylla Carter
    Section Image

  • K

    Seller Co-Listing Agent in 2024

    Krae Van Sickle

    Saunders & Associates

    (631) 537-5454

    4 in this area

    6 Total Sales

    Krae Van Sickle
    Section Image
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Map

Source: NY State MLS

MLS Number: 11217061

NY State MLS

APN: 0900-100-00-03-00-019-018

New York Suffolk County Water Mill 11976

350 Head of Pond Rd, Water Mill, NY

Homes for Sale in Water Mill, NY

This home is located at 350 Head of Pond Rd, Water Mill, NY 11976 since 18 October 2023 and is currently estimated at $5,428,878. 350 Head of Pond Rd is a home located in Suffolk County with nearby schools including Southampton Elementary School, Southampton Intermediate School, and Southampton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NY State MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.