Wow factor! Spectacular wide-open water and big sky views at this prime Westhampton Beach Village location. It's the best buildable direct waterfront opportunity available in the village. A terrific opportunity to enjoy this fun classic cottage while you plan to build a luxe custom waterfront estate. The property features an existing midcentury cottage-style home that is very cool, shabby chic and ready for easy Hamptons living with five bedrooms on three levels, a large Gunite pool, and a shared boat dock and pier. Exchange Place has become a custom trophy-build location with several newly built state-of-the-art estates. This particular location boasts tremendous views that are staggering and gated access to a boat dock. With immediate access to ocean beaches and village shopping the location is coveted. Simply spectacular water views all day long and in all directions. A great investment opportunity as a summer rental given the prime location. There are architectural drawing for a new +/- 5,000sf home with fabulous amenities. Come tour with noted local architect, by appointment, to realize what can be created here! A must see opportunity for lovers of water, views and a coveted location.