198 Two Holes Water Road, East Hampton, NY, 11937 | $6,495,000

A winding private drive leads the way to Two Holes of Water Road. Along the way, you'll pass a full-size size North/south all-weather tennis court before arriving at the striking home's front steps. This uniquely situated estate enjoys seclusion and privacy while sitting just a short distance from the bustling village of East Hampton. The palatial 9, 000 square foot home features seven bedrooms and six and a half baths. The estate underwent a top-to-bottom renovation in 2019 and sits upon just under 11 sprawling acres. Marked by dramatic sculptural touches and wide expanses of scenic space, this property is made for the good life. A broad staircase in the spacious entry hall leads upstairs to an expansive 28' x 35' living room with a stately fireplace. This room opens up to an elegant formal dining room. Multiple exit points open up to a sweeping wrap-around 3000 feet deck 1st and second floor, that offers unparalleled property views. A fully outfitted kitchen features a generous pantry, wet bar and ice machine, double stoves, double dishwashers, and an outdoor Traeger grill. Four skylights bring in welcome light throughout the day. Custom cabinetry can be found not only in the commodious kitchen, but throughout the home. The large master bedroom boasts a fabulous bath, 3 steam showers on each floor, Toto toilet, and double doors leading out to a private deck. The main level features its own living room with fireplace and adjacent wet bar. A home made for entertaining, the estate features guest suites, two with direct access out to the immaculate backyard. An elevator connects all three floors and opens up to the large four-car garage. Lush lawn and green space surrounds the house and its sumptuous outdoor living space, which includes a 52' heated Gunite pool. With all this, you can add a 1 mile walk path on the property so there's hardly a need to stray far from home, but when you do, high-end shopping, top-notch restaurants, and pristine ocean beaches await just minutes away in the nearby village.

Features

  • Rooms: 35
  • Bedrooms: 6
  • Baths: 7 full / 1 half
  • Style: Modern
  • Year Built: 1980
  • Garage: 4-car Private, Attached, 4+ Car Attached
  • Heating: Other, See Remarks
  • Cooling: Central Air
  • Basement: Finished, Walk-Out Access
  • Approx Sq. Feet: 9,000
  • Acreage: 10.9
  • Est. Taxes: $0
  • Elem. School: John M Marshall Elementary School
  • Middle School: East Hampton Middle School
  • High School: East Hampton High School
  • School District: East Hampton
  • MLS#: 3518572
  • Days on Market: 187 days
  • Website: https://www.raveis.com
    /eprop/3518572/198twoholeswaterroad_easthampton_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Douglas Elliman Real Estate   Phone: 631-725-0200

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

198 Two Holes Water Road, East Hampton, NY, 11937

$6,495,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $5,196,000 $5,196,000 $5,196,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.875% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.430% 6.977% 6.664%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $31,571 $34,134 $45,263
Total Monthly Payment $31,696 $34,259 $45,388

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.