Once in many year opportunity for ocean and bay view on Deerfield Rd., Watermill. The price listed ($3,495,000) is for the Land and the Building /Site Plans only. Cleared and high on a hill, break yourself free from the $12M cookie cutter home. This 9 acre ultra serene spot is centrally located amidst the horse and farm fields of Watermill, its proximity to the ocean beach and attractions like yachting in Sag Harbor, golfing in Bridgehampton, and its elevation offering ocean and bay views from the roof deck make it truly exceptional. Furthermore, this grand estate-sized parcel is surrounded by other very large estate-sized parcels with magnificent luxury homes. In fact the one next door is also available for sale creating the opportunity for a multi-dwelling compound. Plans already exist for a 9000 sf transitional home on four levels with 8 bedrooms and 10 bathrooms, a roof deck for water and sunset views, a large pool, jacuzzi, pool house, and tennis court. The owner of the property offering, Rosewood Developers, is known in the industry as a builder of extremely high quality and distinction - with over 45 years of history building some of the most beautiful and sturdiest homes in the Hamptons and Long Island. The price for the Land, Pool, Pool House, and Tennis Court is $12,995,000. The beautiful 5 bedroom house next door on 3.7 acres would make a fabulous guest home and completing the compound offering a total 12.7 acres with ocean and bay view from the roof deck of the new home.