27 Old Point Rd

The Hamptons waterfront home of the late Arnold Scaasi, the famed fashion designer whose lavish creations were worn by generations of devoted first ladies, socialites and Hollywood celebrities, is on the market for the first time. Like the exuberant designer, the bayfront property and historic home stand out for their elegant design and graceful lines. Christened "Scaaladd" (a merging of the name of the designer with the name of his partner of 50+ years), Mr. Scaasi spent decades at his beloved Quogue estate, enjoying every fabric of the private 1.7 acre estate with its 472 ft. of bulkheading and spectacular views spanning to Dune Road and the ocean beyond. While the home's bones are solid and the architectural detailing exquisite (in fact, it was featured in Architectural Digest twice), the 1920 3-story structure needs a major renovation to restore it back to its former glory -- or it can be replaced with a new approx. 6,000 sq. ft. house with pool, decks and patios. The owner has taken the guesswork out of how the property can be redeveloped, investing in new wetland flagging, survey, and elevation certificate to make the sale as turn-key as possible for the new owner. Water views like this are rare. Here's your chance to design your own masterpiece and make your own mark on history.