A Rare Stretch Of Open Land In Water Mill Comes To Market For $25.5 Million

In Water Mill, along a quiet road where cultivated fields largely define the landscape, a new land offering is on the market.

Courtesy of The Corcoran Group

Courtesy of The Corcoran Group

Courtesy of The Corcoran Group

Courtesy of The Corcoran Group

Courtesy of The Corcoran Group

Courtesy of The Corcoran Group

Courtesy of The Corcoran Group

This particular offering, stretching across 635–731 Deerfield Road and 794 Head of Pond Road, is asking $25.5 million. It’s a collection of land, made up of four distinct two-acre estate parcels, all nestled against a wide, uninterrupted view of preserved farmland. Right alongside these parcels sits a 33-acre agricultural reserve.

Each of the four buildable lots, operating under R-80 zoning, allows for quite substantial single-family residences. One could imagine grand main houses, pools with their accompanying pool houses, and even amenities such as tennis courts or dedicated outdoor entertaining areas. Yet, what truly defines the potential here is its direct connection to that protected agricultural land. In the Hamptons, where an unobstructed view often holds as much value as a home’s square footage, the certainty of those preserved views carries particular importance.

Parcels sitting right next to reserves or farmland have become increasingly coveted, partly because they offer a rare kind of reassurance in a market constantly shaped by development: the promise that their surroundings will simply stay as they are.

Courtesy of The Corcoran Group

Courtesy of The Corcoran Group

Courtesy of The Corcoran Group

Courtesy of The Corcoran Group

What sets this Water Mill offering apart isn’t just its scale, but the flexibility it provides. While it’s presented as one unified compound — four estate lots anchored by that significant reserve — it’s also being made available on an individual, parcel-by-parcel basis. This dual approach reaches a variety of buyers, from families planning a multi-generational estate to investors looking to develop and position separate homes in a cohesive, high-value setting.

Opportunities of this particular scale in Water Mill have become increasingly rare. As available land continues to diminish, offerings that manage to combine significant acreage, flexible zoning, and protected surroundings tend to appear only briefly — they’re often absorbed quite quickly into a market that truly places a premium on precisely those qualities.

Learn more by visiting broker Beth Marano at corcoran.com.