Nestled just a mile and a half from the heart of Water Mill Village, on a coveted country lane overlooking a wide open agricultural reserve and protected farm fields, this prime acre-plus property presents an exclusive opportunity for homeowners or developers. The site currently features a contemporary 2-bedroom, 2-bathroom home with a loft and an open floor plan, large windows providing abundant natural east/west light, ideal for immediate occupancy or as a foundation for expansion. The potential here is immense, with ample space for a luxurious new build that could include a substantial primary residence, a pool, pool house a large lawn and lush gardens. Its location offers quick access to high-end shops, gourmet eateries, beautiful beaches, elite golf courses, and renowned art scenes. Invest in Water Mill's charm and exclusivity, and explore the possibilities of crafting an upscale residence or development at this most desirable address.