Available
Prime 4.8 Acre Development Opportunity – Southampton Gold Coast
$4.600.000
Description
Prime 4.8 Acre Development Opportunity – Southampton Gold Coast
Asking Price: $4,600,000 (Negotiable)
Land Size: 4.8 Acres
Current Taxes: $28,000
A rare opportunity to acquire 4.8 acres of prime residential land in Southampton, located in one of Long Island’s most prestigious luxury markets. Large parcels of this size are increasingly scarce, making this an outstanding opportunity for developers, builders, or investors looking to create a luxury estate subdivision.
The property currently features a 3,400 square foot home with a fully built-in pool, allowing a buyer to generate rental income while pursuing subdivision approvals. Southampton permitting and subdivision approvals typically take approximately 12–18 months, making the existing residence a valuable holding asset during the entitlement process.
Preliminary development concepts suggest the property could potentially be subdivided into:
• Four estate lots approximately 1.1 acres each, suitable for luxury Hamptons-style estates
• Five residential lots approximately ¾ acre each, depending on final approvals and planning
This flexibility allows a developer to create a private enclave of luxury homes in one of the Hamptons’ most desirable markets.
The surrounding area is known for high-end estates, proximity to beaches, and strong long-term appreciation, making this property an ideal luxury development opportunity.
Key Highlights
• 4.8 acre Southampton development site
• Existing 3,400 SF residence with in-ground pool
• Ability to rent home while pursuing subdivision approvals
• Potential for 4 luxury estate lots or 5 residential parcels (subject to approvals)
Important Terms
• No subject-to contracts will be accepted
• Buyers must perform their own due diligence regarding subdivision and zoning approvals
Offered by East Coast Realty Services LLC
Doing Business As East Coast Realty Partners
Broker: Henry Galasso
Overview
Property ID:
12695
Type:
Business With Real Estate
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