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Residential Land with Home for Sale in Water Mill, New York

532 Blank Ln, Water Mill, NY 11976

$4,995,000
1.5 acres
Active
$255k drop
Est $25,196/mo

Welcome to 532 Blank Lane--an elegant and fully renovated retreat nestled in the heart of Water Mill. Set on 1.5 acres of lush, wooded grounds, this timeless shingle-style home offers 3,500 square feet above grade, plus a finished lower level designed for entertaining and relaxation.

Fully reimagined in 2023, the home underwent a complete transformation--new roof, wiring, insulation, electric, plumbing, kitchen, bathrooms, and more--blending classic architecture with today's modern finishes. Natural light pours in through oversized windows and vaulted ceilings, illuminating crisp interiors and wide-open living spaces. Two original wood-burning fireplaces anchor the main-level living and family rooms with warmth and character.

The open-concept kitchen features quartz waterfall counters, custom cabinetry, stainless steel appliances, and a seamless flow into the dining area and vaulted great room--perfect for both intimate dinners and lively gatherings.

With four bedrooms in total--two on the main level and two upstairs with a bonus room--and 2 full baths on the second floor plus a full and half bath on the main level, the layout is ideal for both privacy and comfort. A dedicated home office offers flexibility for remote work or quiet study.

Downstairs, the finished lower level expands the footprint of the home, featuring a spacious entertainment lounge and a fully equipped movie theater--an unbeatable amenity for cozy nights and summer screenings alike.

Step outside to your sun-soaked backyard oasis, where a recently resurfaced pool (just five years ago) sits surrounded by an expansive bluestone patio. Whether hosting guests, lounging poolside, or enjoying serene evenings under the stars, this private setting delivers the full Hamptons lifestyle.

Move-in ready with a newer roof (2023), top-of-the-line finishes, and every modern comfort--532 Blank Lane is a rare Water Mill opportunity that combines scale, style, and soul.

3,500
Sq feet
4
Beds
4
Full baths
1
1/2 bath
2013
Built

Location

Street address
532 Blank Ln
School district
Southampton
Elevation
83 feet
Coordinates
40.9426, -72.359

Property details

Acreage
1.5 acres
MLS #
MLSLI 908147
Posted

Property taxes

2024
$8,658

Parcels

  • 0900-065-00-02-00-012-002

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Exterior

Features
Pool

Structure

Style
New Traditional
Heating
Forced Air
Cooling
Central Air

Interior

Room Count
15
Rooms
Basement, Bathroom x 5, Bedroom x 4
Appliances
Dishwasher, Washer
Features
Beamed Ceilings, Breakfast Bar, Built-In Features, Cathedral Ceiling(s), Chefs Kitchen, Entrance Foyer, First Floor Full Bath

Nearby schools

NameLevelDistrictDescription
Southampton Elementary SchoolElementarySouthampton
Southampton Intermediate SchoolMiddleSouthampton
Southampton High SchoolHighSouthampton

Listing history

DateEventPriceChangeSource
Oct 9, 2025Price drop$4,995,000$255,000 -4.9%MLSLI
Sept 4, 2025New listing$5,250,000MLSLI
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This 1.5-acre property is located at 532 Blank Ln in Water Mill, NY 11976. The property is available for sale for $4,995,000. It has a 3,500 sq ft 4 bedroom, 4 bath house built in 2013.

Checked 16 mins ago — Updated

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