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    The Largest CRE Database in the US with Over 1 Million Listings

    23 Fairway Dr East Hampton, NY 11937

    Sponsored
    For Sale
    $4,650,000

    Farm / Farmhouse, House (Detached) - East Hampton, NY

    Type:Farm
    Property size:
    4,331 SF
    Lot size:
    0.93 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 13 at 4:06 am

    Property Features for 23 Fairway Dr

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Family Room, Kitchen, Living Room
    Bedrooms
    6
    Bathrooms
    7
    APN
    0300-119.000-0004-016.007
    Parking features
    Garage, Garage - Attached
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Size
    4,331 SF
    Lot size
    0.93 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air, Propane (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2026
    Year renovated
    2026
    Floors in Building
    2
    Flooring type
    Hardwood
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Heather L. Saskas
    Heather L. Saskas

    Compass (212) 913-9058

    Listing agent Heather L. Saskas (212) 913-9058

    Listing date Feb 12, 2026

    MLS# 11651726 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Modern Barn-Style East Hampton Residence

    This recently completed modern barn-style residence is situated on a private 0.93-acre parcel at the end of a quiet cul-de-sac in East Hampton. The home offers approximately 5,900 square feet of living space across three levels. The interior features a foyer with a custom shiplapped bar area, an expansive great room with soaring ceilings, exposed wood beams, and a wood-burning fireplace with bluestone and shiplap surround. An oversized dining area connects to the patio and pool through double French doors. The designer kitchen includes custom cabinetry, quartz countertops, a full Jennair Pro appliance suite, and a walk-in pantry with custom shelving. The first floor also features a den/media room, an ensuite guest suite, a powder room, a laundry room, and a mudroom leading to a two-car garage pre-wired for an EV charging station. A custom floating staircase leads to the second level, which houses a second laundry room, two ensuite guest rooms with oversized closets, and a primary suite with dual closets and a spa-inspired bath. The finished lower level adds 1,600 square feet of living space, with two additional guest rooms, a shared bath, and a flexible open area. Sliding glass doors provide backyard access. The landscaped grounds include an 18' x 36' heated gunite pool with a tanning ledge, a 7' x 7' spa, bluestone patios, an outdoor shower, and a pool house with a bar area, TV, full bath, and space for lounging or a home gym. Additional amenities include a whole-house Lutron lighting system, 3 zone Sonos audio system, 7-inch wide-plank hardwood floors, central air, central vacuum, and an alarm system. The property is equipped with irrigation and pre-wiring for a solar system and an awning on the back patio. Located minutes from East Hampton Village and Amagansett, the residence is close to marinas, restaurants, and bay beaches.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Hampton
    County
    Suffolk
    State
    New York
    Longitude
    -72.172744
    Latitude
    40.996429

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    FAQs

    What type of property is this?
    Single family property - Newly completed 5,900 sq ft home on a private shy-acre.
    Where is this single family property located?
    The property is located at 23 Fairway Dr East Hampton, NY.
    What is the asking price?
    The asking price for this property is $4,650,000.
    What are key features of this property?
    This property features: - New construction modern barn-style home completed in 2026 on a private shy-acre lot.; - Resort-style backyard featuring an 18' x 36' heated gunite pool, spa, expansive patios, outdoor shower, and pool house with bar and full bath.; - Approximately 5,900 sq ft of living space across three levels, including a finished lower level with two guest rooms and flexible open area.
    (631) 707-7236
    Request Owner's contact information
    23 Fairway Dr East Hampton, NY 11937
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    East Hampton, NY 11937
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23 Fairway Dr East Hampton, NY 11937
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    We can help!
    Listing Contact
    Heather L. Saskas
    Heather L. Saskas
    (631) 707-7236 (516) 779-8933 (212) 913-9058
    Learn more
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