Palatial Water Mill Estate Sells For $27.5 Million

WATER MILL, NY — Just in time for the holidays, a palatial Water Mill estate was scooped up for $27.5 million.

The glorious home, handled by Douglas Elliman agents Erica Grossman and Ray Smith, is located on Fowler St. and closed on Dec. 20.

"Located on one the most coveted ocean roads in the Hamptons," the Douglas Elliman listing said, the home is located on one of the most coveted ocean roads in the Hamptons. "An exclusive mile of sandy beach is enjoyed by eight stunning oceanfront estates, accessible only by private drive. A truly unique palatial setting surrounded by pristine waterfront, where the Atlantic Ocean is your backyard, and a string of picturesque ponds are your front yard," the listing said.

The 9,000 square foot, five-bedroom estate comprises 3.3 acres of some of the most breathtaking property in the Hamptons; the unobstructed 360 degree views of the Atlantic Ocean and Jule Pond serve as the focal point of design, as panoramic waterfront vistas envelop two levels of terraces, stacked circular glass-encased bedrooms, and expansive first and second level entertaining areas, the listing said.

"With 330 feet of direct oceanfront, endless indoor/outdoor entertaining areas, and its own boardwalk atop the dunes, this Fowler Beach Estate makes no concessions when it comes to luxury," the listing said. "Upon entry, the double height foyer leads upstairs to entertaining areas that take advantage of the grand panoramic views. The open floor plan includes an oversized chef's kitchen with breakfast nook, covered porch, dining room, living room with fireplace, plus two more strategically located en suites; one of which is an opulent master with an over-sized sitting room with fireplace."

The entire second floor is wrapped in terraces and offers amazing views of both ocean and pond; the first floor includes a den with fireplace, three ensuite bedrooms, and a lounge with bar leading outside to an incredible entertaining area, Douglas Elliman said.

The covered terrace features an outdoor media room with fireplace "and an amazing outdoor kitchen that would be the dream of any chef. On the opposite end of the heated pool and spa, a pool house includes a living room, bathroom and kitchenette. This rare and exceptionally located estate presents a once in a lifetime opportunity for the Hamptons' most discriminating buyers," the listing said.