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3 Pheasant Lane
East Hampton, NY 11937
Hedgerow Exclusive Team with Hedgerow Exclusive Properties, original listing - (631) 296-8543
$8,950,000
Conventional
Property
Bedroom
8
Bathroom
Full: 9, ½: 2
Property Type
Conventional
Square ft
9000 Square Feet
Property Description
Tucked away on a private cul-de-sac and spanning .76 +/- acres, this newly constructed masterpiece is a rare find in East Hampton Village. Located just half a mile from Main Street and minutes from the ocean, this estate seamlessly blends sophisticated design with modern convenience. Spread across three levels, the 9,000 +/- sq. ft. interior is first accessed through a 15 ft. entryway into the thoughtfully designed main level. This open-concept living space is anchored by a gourmet kitchen, complemented by a separate prep kitchen outfitted with a refrigerator, freezer, dishwasher, and sink. The adjacent dining area features a wet bar with a wine fridge, dishwasher, and ice machine, allowing for effortless entertaining. A formal living room with fire place opens seamlessly to a covered patio, creating an ideal indoor-outdoor flow. The first-floor primary suite is a true private retreat with its own patio, massive walk-in closet, and luxurious bathroom featuring a double vanity and freestanding tub. Completing the main level is a family room with custom built-in cabinetry, as well as a versatile office/den with an ensuite bath, offering the flexibility of an optional bedroom. Upstairs, four ensuite bedrooms, all with 15 ft. vaulted ceilings, provide ample naturally-lit space. The junior primary suite serves as a standout feature, offering a private terrace and an expansive spa-like bathroom with a double vanity. Designed for ultimate leisure and relaxation, the finished lower level affords 10 ft. ceilings across a spacious sitting room, large recreation area with a built-in wet bar, wine room with control chilling system, and a flex space providing additional possibilities such as a gym, playroom or media room. The true highlight of this level is the private spa and wellness retreat, featuring a sauna, cold plunge, steam sauna, powder room, and sink, offering a serene escape without ever leaving home. A large laundry room with an attached folding area ensures both form and function. Two additional ensuite bedrooms with oversized windows allow for an abundance of natural light, making the lower level feel just as inviting as the upper floors. This includes an expansive second junior primary suite encompassing a spacious bathroom with freestanding tub. The outdoor amenities are nothing short of exceptional, including a 20' x 55' pool with a sun ledge, built-in 8' x 8' spa, and automatic cover, which serves as the centerpiece of the backyard. The pool house is fully equipped with a kitchenette, covered dining area, and full bath, connecting directly to an outdoor shower for ultimate convenience. A covered patio provides the perfect setting for al fresco dining and summer entertaining, while a detached two-car garage, with EV charger and second level bonus space, completes the estate, ensuring ample storage and parking. The residence is equipped with Sonos throughout the interior and exterior, with additional pre-wiring for automatic shades. This one-of-a-kind property offers the ultimate Hamptons lifestyle, balancing privacy, elegance, and top-tier amenities in an unbeatable village location.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2025
MLS Number
--
Location
Address
3 Pheasant Lane
City
East Hampton
State
NY
Zip Code
11937
County
SUFFOLK (EAST)
Listing
Name
Phone
(631) 296-8543
Office Name
Office Phone
(631) 296-8543
Agent Name
Hedgerow Exclusive Team
Agency Phone
(631) 296-8543

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.