Real LI

Buying and selling real estate in the communities of Long Island


Rich Cribs: $40 million Water Mill mansion, and more

This waterfont mansion in Water Mill is on

This waterfont mansion in Water Mill is on the market for $39,950,000. (Credit: Handout)

A gambrel-style waterfront mansion in Water Mill, listed for $39.95 million comes with its own island -- of sorts. The small bit of land, which lies across from the main property on Mecox Bay, is only visible at low tide.

“It’s like Brigadoon -- it’s there, and then it’s not there,” says Gary DePersia of The Corcoran Group, who is marketing the property with Harald Grant of Sotheby’s International Realty.

The waterfront home, completed in 2007, was designed by Hamptons architect Val Florio. “Every room is perfectly sized,” says DePersia, explaining that this gives the 15,000-square-feet home a cozy feel.

The main part of the house is flanked by two three-story octagonal sections with 180-degree views. One side features a duplex master wing with “his” and “hers” closets and bathrooms, sauna and steam rooms, a living room, a fireplace and a wood-paneled home office. There are seven bedrooms, all en suite.

The bay side of the estate has 365 feet of bulkhead, an infinity edge pool, a spa and an outdoor porch with a fireplace. There is an outdoor kitchen with a second, free-standing stone fireplace and grill area.

SANDS POINT WATERFRONT. A Mediterranean-style waterfront home in Sands Point is on the market for $7.5 million.

Built in 1925, it comes with a courtyard and some unusual interior architectural details. The formal dining room and the two hallways that run along the sides of the courtyard have cathedral-style arches in the ceilings and above the windows.

The third floor has a circular tower room that offers 360-degree views and access to a terrace. The living room has a 20-foot-high ceiling with trussed beams and a limestone fireplace, one of three original to the house.

A glass house extension was added to the original structure for an indoor pool. The 3.8-acre property also has an outdoor Olympic-style in-ground pool, as well as a tennis court and 200 feet of private beach overlooking Execution Rocks.

Other features include eight bedrooms, 6½ baths, an eat-in kitchen and a detached two-car garage. The listing agent is John Russo of coach Realtors.

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