$12.5 Million Southampton Estate Offers Lake Agawam Views and Endless Potential

468 First Neck Lane, Southampton
The property at 468 First Neck Lane in Southampton is located on Lake Agawam.
Courtesy of Tim Davis/Corcoran

It doesn’t get more exclusive than Southampton Village’s Estate Section. An opportunity is calling to get into this coveted lakefront community and create a dream home with Lake Agawam views, but also views of the Atlantic Ocean.

This home at 468 First Neck Lane, asking $12.5 million, is tucked away on a secluded portion of Lake Agawam and close to the ocean, one of the finest locations within the Estate Section, according to the listing broker Tim Davis of the Corcoran Group.

A 4,775-square-foot home offers four bedrooms and four bathrooms, though there is ample room to build a new, big abode. The 1.5-acre parcel can accommodate a home of nearly 6,000 square feet, plus a finished lower level with even more space. The waterfront property is located outside of the Federal Emergency Management Agency’s (FEMA) flood zone, always an asset when building in the Hamptons.

“A redevelopment of the site would provide ocean views and more broad views of Lake Agawam from the upper rooms,” Davis’ listing says.

The property also boasts views of the iconic St. Andrew’s Dune Church, the earliest life-saving station in New York, at the south end of the lake.

The home is just eight-tenths of a mile, or a three-minute drive, to the famous Coopers Beach on Meadow Lane, which is considered one of the most beautiful beaches in the country. It is also close to downtown Southampton’s shops and restaurants.

The property has come onto the market for the first time in 40 years.

The circular driveway leads up to a detached two-car garage and the existing home with a covered porch.

A generously-sized foyer leads into a dining room, just down the hallway from a large living room which boasts a wall of windows to take advantage of the views along with a brick fireplace. Both the dining room and living room enjoy access to a second covered porch and a brick patio.

The adjacent kitchen area includes a breakfast room. A mudroom and laundry area are located just off the kitchen with a separate entrance.

Three of the four bedrooms are located on the first floor. One, considered a primary bedroom, features a curved wall of windows that look out toward the lake, a dressing area, and access to two bathrooms.

The second-floor primary suite offers a separate sitting room off the bedroom, which has its own balcony that overlooks the lake, and a bathroom with lots of closet space and a walk-in shower.

The home also features a cabana room with a separate entrance for a quick change after a dip in the pool.

Whether buyers want to renovate or build new, this property offers endless possibilities.

[Listing: 468 First Neck Lane, Southampton Village | Broker: Tim Davis, Corcoran] GMAP

Email tvecsey@danspapers.com with further comments, questions or tips. Follow Behind The Hedges on Twitter, Instagram and Facebook.

190515-2033, Corcoran RE, Stevens, 468 First Neck Lane, Southampton, NY, SCTM904-013-1-23, N40.8709, W72.3958Courtesy of Tim Davis/Corcoran
Courtesy of Tim Davis/Corcoran
Courtesy of Tim Davis/Corcoran
Courtesy of Tim Davis/Corcoran
Courtesy of Tim Davis/Corcoran
Courtesy of Tim Davis/Corcoran
Courtesy of Tim Davis/Corcoran
Courtesy of Tim Davis/Corcoran
Courtesy of Tim Davis/Corcoran
Courtesy of Tim Davis/Corcoran
Courtesy of Tim Davis/Corcoran
Courtesy of Tim Davis/Corcoran
Southampton
Courtesy of Tim Davis/Corcoran

 

More from our Sister Sites