An exceptional waterfront opportunity with outstanding development potential, south of the highway, in Water Mill. Set on approximately 2.2+/- acres, this unique property boasts over 300+/- feet of water frontage with bulkhead on Meyers Pond, a private dock offering direct access to Mecox Bay, a pool, and the potential to create a significant estate with a resolution of conditional approval from the town for a new home with a waterside pool, pool house, and tennis court. The existing main residence includes multiple living areas, a retro-style country kitchen, an updated sunroom, and three fireplaces. A separate 2-car garage has its own room and bath. Don’t let this rare chance slip by—an oversized waterfront property like this in the Hamptons doesn’t come around often. Contact us for the conceptual site plan.