Luxury Outlook 2023
An ambitious exploration into high-end residential markets across the globe.
Property details
Property type
Single Family Homes
Status
Sold
Year Built
2014
This 11,000+/- sq ft home is back on the market. And such a rare find, under $10MM for an expansive Southampton Village gated estate with Tennis--a mile to beach or town--on a quiet "non cut-through" street. You won't find an estate on this much land with tennis again at this price. Repeat extended summer rentals of $700K and annual rentals of over $1MM (over 10% net return) makes clear the value clear. The property offers total privacy, across from a park, on a quiet Village street. The estate was custom-built by an accomplished developer for themselves, and it shows. Upon entering, a double-wide foyer opens to a 2-story living room with 22-foot wall of glass and retractable Nano-doors. The living room, family room and kitchen open to a terrace for fantastic summer entertaining. Reminiscent of the architecture of grand estate homes, the stairway is off to the side in a second foyer. There is open flow in all directions, connecting formal dining, eat-in kitchen, 2 or 3 family rooms, and 2 pergolas. The home is set up as 7 large bedrooms, but has the option of a first floor junior master as an 8th bedroom. Other amenities include 2 laundries, smart home technology, and solar energy. The million dollar lower level offers a full spa, sauna, steam room, showers, changing room, gym, 12-seat custom theater, wine cellar, 2 guest bedrooms and 2 full baths. Outside, manicured grounds and privacy trees envelope this grand home. The front faces protected park, while the back faces South for sun all day. The property features a custom, quarter-million-dollar infinity edge pool, with water overflowing on 4 sides, infinity-edged hot tub, tennis, and pool bath. This Village estate is the ultimate in convenience, even if you never want to leave.
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