Skip to main contentSkip to navigation
1 / 30
Images
Map

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

71 Cobb Ln, Water Mill, NY 11976

$47,500,000
9.1 acres
Active
$5m drop
Est $297,655/mo

Set on over 9 acres with 3,173 +/- feet of private shoreline on Burnett Creek, this generational estate offers an opportunity like no other in the Hamptons. Located along a private peninsula on Mecox Bay, the property presents the ultimate in setting and exclusivity. Designed by renowned architect Barnes Coy Architects, the 17,173 +/- sq. ft. residence has been meticulously maintained and continuously updated over the past two decades. The main house is spread across two levels presenting open spaces and intelligent architectural aspects throughout. With design elements that harness natural light across each area of the home, this ample residence is bright and enjoyable all year round. The home affords multiple living areas, each of which showcase tranquil bay vistas through large windows adorned with brilliant trim detailing. A fully equipped eat-in kitchen offers outstanding water views with a breakfast area capable of seating 10. The separate formal dining room offers additional seating for all types of hosting and entertaining. Space for guests and staff is plentiful, with a total of 13 bedrooms, 13 full and 6 half bathrooms, and additional staff quarters. With expansive grounds, the backyard presents luxurious amenities such as a tennis court accompanied by a tennis house, basketball court, saltwater gunite pool and spa, along with a two-level pool house inclusive of a commercial kitchen, gym, sauna, arcade, and pool side deck with all-weather dining area. A perfectly manicured walkway to the water's edge leads to the private dock which offers access to Mecox Bay. All of which create one of the most rare and unique offerings ever to come to market in the Hamptons. With a major redevelopment plan by award-winning design and architecture firm Ingrao Inc., the property can be completely modernized and updated. Inquire for additional details and floor plans.

17,173
Sq feet
13
Beds
13
Full baths
6
1/2 baths

Location

Street address
71 Cobb Ln
Elevation
7 feet
Coordinates
40.8966, -72.3524

Property details

Acreage
9.11 acres
MLS #
MyStateMLS 11066056
Posted

Parcels

  • 0900-160.000-03.00-052.011

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

View
Ocean
Waterfront
Waterfront

Exterior

Parking
Attached Garage, Garage

Structure

Stories
2
Cooling
Central Air

Interior

Rooms
Bathroom x 5, Bedroom x 5, Bonus Room, Den, Dining Room, Family Room, Living Room, Media Room
Features
Walk-In Closet

Listing history

DateEventPriceChangeSource
Mar 4, 2025Price drop$47,500,000$5,000,000 -9.5%MyStateMLS
Mar 27, 2024Price drop$52,500,000$7,450,000 -12.4%MyStateMLS
Aug 10, 2022Price drop$59,950,000$4,050,000 -6.3%MyStateMLS
July 9, 2022Price drop$64,000,000$8,000,000 -11.1%MyStateMLS
May 4, 2022New listing$72,000,000MyStateMLS
Subscribe to listing updates

Payment calculator

This 9.11-acre property is located at 71 Cobb Ln in Water Mill, NY 11976. The property is available for sale for $47,500,000. It has a 17,173 sq ft 13 bedroom, 13 bath house.

Checked 9 mins ago — Updated

Report listing issue

Copyright (C) 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Contact listing agent Message rules
By submitting, I agree to the terms of use and to be contacted by real estate professionals. Message and data rates may apply.
Contact