Skip main navigation
For sale
  • $5,450,000

    198 Two Holes Water Rd, East Hampton, NY 11937

    6beds
    9,000sqft
    Single Family Residence
    Built in 1980
    10.9 Acres Lot
    $5,248,400 Zestimate®
    $606/sqft
    $-- HOA

    What's special

    Full gymWhole-house sound systemTwo laundry roomsCedar closetSmart lutron lightingFour-car garageAll-weather tennis court
    Step into your own 9,000-square-foot Hamptons hideaway, privately set on over 10 acres of tranquil, wooded surroundings. Designed with both comfort and entertainment in mind, the property includes an all-weather tennis court, a 52' x 27' heated gunite pool, and a two-level cabana perfect for lounging, dining, and hosting summer gatherings.Inside, you'll find six bedrooms and seven baths, with an elevator providing easy access across three levels, plus a four-car garage. A complete renovation in 2019 brought a sleek, modern feel throughout. The centerpiece is a chef's kitchen outfitted with double Wolf ovens, Sub-Zero refrigeration, dual Miele dishwashers, a 20-foot bar, and a spacious walk-in pantry with sink-an ideal setup for entertaining on any scale. Additional amenities include wet bars on two levels, two laundry rooms, a whole-house sound system, and smart Lutron lighting.The dramatic glass atrium flows into a formal dining room with a double-sided fireplace and a soaring 38' x 42' living room. Expansive skylights and oversized glass doors fill the home with natural light and open to expansive decks spanning two levels and nearly 3,000 square feet, where you can take in sweeping views of the landscape. The primary suite feels like its own private retreat with a spa bath, steam shower, and direct access to a secluded deck.On the lower level, there's a full gym, meditation/playroom, infrared sauna with adjoining steam bath, and a cedar closet. Pet owners will appreciate the thoughtfully designed dog care center, outfitted with grooming and feeding amenities and direct access to the expansive outdoor run and trail.Blending modern design, privacy, and resort-style amenities, this home offers a unique Hamptons lifestyle—just minutes from bay and ocean beaches, hiking and biking trails, and the villages of East Hampton and Sag Harbor.
    18 days
    |
    894
    |
    31
    |

    Zillow last checked: 7 hours ago

    Listing by:

    Douglas Elliman Real Estate 631-267-7335,

    Hara Kang - Associate Real Estate Broker 347-610-0065

    Source: Out East,MLS#: 390992

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 8
      • Full bathrooms: 6
      • 1/2 bathrooms: 2
      Cooling
      • Central Air
      Features
      • Basement: Yes
      • Has fireplace: No
      Interior area
      • Total structure area: 9,000
      • Total interior livable area: 9,000 sqft

      Property

      Parking
      • Parking features: GarageDetached
      • Has garage: Yes
      Features
      • Stories: 2
      • Exterior features: Tennis Court(s)
      • Has private pool: Yes
      • Pool features: Heated
      Lot
      • Size: 10.9 Acres
      Details
      • Parcel number: 0300156000500013003

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 1980

      Community & HOA

      Location
      • Region: East Hampton

      Financial & listing details

      • Price per square foot: $606/sqft
      • Tax assessed value: $26,050
      • Date on market: 2/27/2026
      • Lease term: Contact For Details

        Estimated market value

        $5,248,400

        $4.99M - $5.51M

        $159,999/mo

        Price history

        Price history
        DateEventPrice
        9/26/2025Price change$5,450,000-8.4%$606/sqft
        Source: OneKey® MLS as distributed by MLS GRID #913434 Report a problem
        9/13/2025Price change$5,950,000-2.3%$661/sqft
        Source: Out East #390992 Report a problem
        4/18/2025Price change$6,090,000-6.2%$677/sqft
        Source: Out East #388058 Report a problem
        4/17/2025Listing removed$45,000$5/sqft
        Source: Zillow Rentals Report a problem
        4/9/2025Listed for rent$45,000-83%$5/sqft
        Source: Zillow Rentals Report a problem
        11/28/2023Listing removed--
        Source: Zillow Rentals Report a problem
        11/28/2023Listed for sale$6,495,000+14%$722/sqft
        Source: Out East #377114 Report a problem
        3/18/2023Price change$265,000-3.6%$29/sqft
        Source: Zillow Rentals Report a problem
        2/5/2022Price change$275,000+5.8%$31/sqft
        Source: Out East #351844 Report a problem
        9/30/2021Listed for rent$260,000$29/sqft
        Source: Out East #351844 Report a problem
        6/28/2021Listing removed--
        Source: Out East Report a problem
        6/22/2021Listed for rent$260,000$29/sqft
        Source: Out East #351844 Report a problem
        4/6/2021Listing removed--
        Source: Douglas Elliman Report a problem
        11/21/2020Price change$5,699,000-4.9%$633/sqft
        Source: Douglas Elliman Real Estate #351846 Report a problem
        5/21/2020Listed for sale$5,995,000+199.8%$666/sqft
        Source: Douglas Elliman Real Estate #351846 Report a problem
        6/2/2017Sold$2,000,000$222/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024-- $26,050
        2023-- $26,050
        2022-- $26,050
        2021-- $26,050
        2020-- $26,050 +7.2%
        2019-- $24,300 +5.7%
        2018-- $23,000
        2017$23,820 $23,000
        2016-- $23,000 -12.7%
        2015-- $26,350
        2014-- $26,350
        2013-- $26,350
        2012-- $26,350 -7.2%
        2011-- $28,400 -8.4%
        2007$22,266 +21.5%$31,000
        2005$18,331 +10%$31,000
        2004$16,669 +1%$31,000
        2003$16,498 +1.2%$31,000
        2002$16,296 $31,000

        Find assessor info on the county website

        BuyAbility℠ payment

        Estimated monthly payment
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Boost your down payment with 6% savings match

        Earn up to a 6% match & get a competitive APY with a *. Zillow has partnered with to help get you home faster.

        Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.

        Climate risks

        Neighborhood: Northwest Harbor

        Getting around

        0 / 100
        Car-Dependent
        19 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        Local experts in 11937

        Similar homes

        Skip to the end of the carouselSkip to the beginning of the carousel