For $8.9 million, there's almost nothing you couldn't do with this 37-acre estate in Mattituck, says listing agent Donielle Cardinale of Daniel Gale Sotheby's International Realty: "All the development rights are intact," she says. So, you could apply to open a bed-and-breakfast, plant a vineyard, raise horses, collect cars in the 12-car garage - or indulge a motocross hobby, she says.
"They built a motocross track, probably about 5 acres of the property. It's a fairly rectangular space with big, huge hills and water and all kinds of crazy stuff," Cardinale says.
JOEL'S ACROSS THE STREET
The 8,500-square-foot beach house has wide views of the Atlantic Ocean and surrounding farmland. There are six bedrooms and nine bathrooms. Other amenities include a gym, a massage room, a steam room, a game room, a gunite pool and a cabana.
Scott Strough and Kathleen Zappola of Strough Associates had the listing; Town & Country Real Estate brought the buyer.
Joel's nearby oceanfront is on the market for $19.9 million. - VALERIE KELLOGG
The 15-acre Water Mill estate of Japanese artist and architect Setsuo Ito, which originally hit the market in 2007 for $30 million, is now being offered for $13.4 million. Buyers have the option of purchasing the home on 9 acres for $9.9 million or the adjacent 5.8-acre parcel for $3.5 million.
The home, designed by Ito, sits on the highest point in the Hamptons and boasts sweeping views of both the Atlantic Ocean and Peconic Bay.
Mala Sander of The Corcoran Group is now handling the sale.
- CATHY MAHON