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.
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
- 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
| Date | Event | Price |
|---|---|---|
| 9/26/2025 | Price change | $5,450,000-8.4%$606/sqft |
Source: | ||
| 9/13/2025 | Price change | $5,950,000-2.3%$661/sqft |
Source: Out East #390992 Report a problem | ||
| 4/18/2025 | Price change | $6,090,000-6.2%$677/sqft |
Source: Out East #388058 Report a problem | ||
| 4/17/2025 | Listing removed | $45,000$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/9/2025 | Listed for rent | $45,000-83%$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/28/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/28/2023 | Listed for sale | $6,495,000+14%$722/sqft |
Source: Out East #377114 Report a problem | ||
| 3/18/2023 | Price change | $265,000-3.6%$29/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/5/2022 | Price change | $275,000+5.8%$31/sqft |
Source: Out East #351844 Report a problem | ||
| 9/30/2021 | Listed for rent | $260,000$29/sqft |
Source: Out East #351844 Report a problem | ||
| 6/28/2021 | Listing removed | -- |
Source: Out East Report a problem | ||
| 6/22/2021 | Listed for rent | $260,000$29/sqft |
Source: Out East #351844 Report a problem | ||
| 4/6/2021 | Listing removed | -- |
Source: | ||
| 11/21/2020 | Price change | $5,699,000-4.9%$633/sqft |
Source: Douglas Elliman Real Estate #351846 Report a problem | ||
| 5/21/2020 | Listed for sale | $5,995,000+199.8%$666/sqft |
Source: Douglas Elliman Real Estate #351846 Report a problem | ||
| 6/2/2017 | Sold | $2,000,000$222/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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.
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Neighborhood: Northwest Harbor
Nearby schools
GreatSchools rating
- 5/10John M Marshall Elementary SchoolGrades: PK-5Distance: 2.3 mi
- 6/10East Hampton Middle SchoolGrades: 6-8Distance: 2.5 mi
- 7/10East Hampton High SchoolGrades: 9-12Distance: 1.8 mi
Local experts in 11937
- New York
- Suffolk County
- East Hampton
- 11937
- Northwest Harbor
- 198 Two Holes Water Rd





