Keep it all to yourself or divide. Whichever way you want to slice it, the $12.5 million price tag is a tantalizing bargain for this 40-acre property in Water Mill, says listing agent Christina Galesi of Sotheby’s International Realty Southampton. “The market speaks very loudly in the Hamptons,” she says. “I’ve never had something come on the market with as much interest so quickly.”
The price, the versatility of the land and the vistas from the 4,000-square-foot house have attracted the attention of both developers and families, she says. Some 20 acres will remain preserved -- the other 20 are at the buyer’s disposal, either to subdivide or keep intact as a vast estate, she says.
Potential buyers have suggested they’d set up horse stables or use the land for a farm, she says. The home features a private balcony off the master bedroom, walls of glass and a sprawling covered porch to take full advantage of the scenic setting. The seven-bedroom house has five bathrooms and a heated, gunite pool. -- Kristin Taviera
UP TO PAR. A 10-room Colonial in Muttontown, listed for $1,495,000, comes with its own golf simulator in the full, finished basement. The homeowner, a golfer, had it installed in the hope that other family members would pick up the sport. Among the top courses to choose from is Pebble Beach, especially his favorite -- the seventh hole.
When not practicing his swing, the owner uses the screen as a home theater. It also has become the focal point of many a Super Bowl party with friends and family. Other features of the 1994 custom-built home include five bedrooms, 4.5 baths, two fireplaces -- one in the family room and the other in the master bedroom -- an eat-in kitchen, formal dining room and an attached two-car garage.
The house has wood floors throughout. The property is just over half an acre and has a heated, in-ground pool and a cedar deck. The listing agent is Batul Morbi of Shawn Elliott Luxury Homes & Estates. -- Virginia Dunleavy