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    Wainscott Vacant Land Opportunity Title is generated by Realmo AI

    7 Town Line Road, Wainscott, NY 11975

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    Claim this Listing
    New
    For Sale
    $6,900,000

    Traditional, Vacant Land - Wainscott, NY

    Lot size:
    1.90 Acres
    Added:
    May 8, 2026
    Days on Market:
    1
    Last Refresh:
    May 8 at 10:06 pm

    Property Features for 7 Town Line Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Rooms
    Basement, Den, Dining Room, Family Room, Kitchen, Living Room
    Parking features
    Garage, Garage - Attached
    Interior features
    Walk-in Closet
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    0300-196.000-0001-002.001
    Lot size
    1.90 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Flooring type
    Hardwood
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Vincent Horcasitas

    Listing agent Vincent Horcasitas

    Listing office Saunders & Associates 2287 Montauk Highway, Bridgehampton, NY

    Listing date May 8, 2026

    MLS# 11595918 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.

    HighLights

    • Fully approved plans and permits in place for a 10,736 +\/- sq. ft. estate designed by John Lafferty, AIA, and to be built by Home Enterprises and Watson Builders.
    • Prime Hamptons location: South of the Highway on a coveted Wainscott lane, with easy access to farmstands, Wölffer Estate Vineyard, and Bridgehampton Village.
    • Extensive luxury amenities including a heated gunite pool and spa, pool house with pergola, and a 60'x120' sunken tennis court.
    • The residence features 9 bedrooms and 12.5 baths, including a primary suite with two baths, two walk‑in closets, a roof deck, and a fireplace.
    • Finished walkout lower level with recreation room, fireplace, wet bar, wine room, home theatre, fitness center with gym, sauna, and two ensuite bedrooms.
    • Seamless indoor‑outdoor living with an outdoor kitchen, fireplace, poolside patio, and oversized sliding glass doors.

    Overview

    This 1.9-acre property in Wainscott, NY, presents an opportunity to realize an enviable estate. The site has received full ARB approval with permits submitted. Plans are in place for a new estate designed by John Lafferty, AIA, to be constructed by Home Enterprises and Watson Builders. The envisioned 10,736 +/- sq. ft. residence will feature 9 bedrooms, 12.5 baths, and an oversized 3-car garage. Outdoor amenities include a rooftop deck, heated gunite pool and spa, a pool house with pergola, and a 60'x120' sunken tennis court. The planned residence includes a foyer leading to an expansive great room, a large eat-in kitchen with premium appliances and butler's pantry, and a formal dining room. A living and relaxation wing features a fireside living room and a junior primary suite with walk-in closet and ensuite bath. The second level will house the primary suite with two baths, two walk-in closets, a roof deck, and a fireplace, along with five guest suites, each with luxurious appointments and four with balcony access. The walkout lower level is designed for year-round enjoyment, featuring a recreation room with fireplace and wet bar, a walk-in wine room, and a home theatre. Wellness amenities include a fitness center with gym, sauna, and full bath, and access to a private sunken patio. The outdoor space includes an outdoor kitchen with a built-in grill, a fireplace, and a bluestone patio surrounding the heated gunite pool and spa. A pergola-covered pool house with fireplace and full bath complements the sunken tennis court. The property is located South of the Highway, offering access to farmstands, Wölffer Estate Vineyard, and the dining and boutiques of Bridgehampton Village.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Hair Salon Storage Facility Auto Repair Shop Accounting Firm HVAC Service Grocery & Convenience Store Clothing & Fashion Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wainscott
    County
    Suffolk
    State
    New York
    Longitude
    -72.260807
    Latitude
    40.944227

    Nearby Similar for Sale

    • $8,995,000
      27,214 SF

      Versatile Warehouse Facility in Wainscott

      27,000+ SF commercial/industrial property on 0.62 acres.
      342 Montauk Highway, Wainscott, NY 11937
      View Details
    • $1,750,000

      Wainscott Vacant Land South Highway

      One-acre building lot in Wainscott, close to beaches.
      11 Oakwood Court, Wainscott, NY 11975
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Approved plans for a luxury estate in the Hamptons.
    Where is this residential land & home lot located?
    The property is located at 7 Town Line Road Wainscott, NY.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: Fully approved plans and permits in place for a 10,736 +\/- sq. ft. estate designed by John Lafferty, AIA, and to be built by Home Enterprises and Watson Builders.; Prime Hamptons location: South of the Highway on a coveted Wainscott lane, with easy access to farmstands, Wölffer Estate Vineyard, and Bridgehampton Village.; **Extensive luxury amenities including a heated gunite pool and spa, pool house with pergola, and a 60'x120' sunken tennis court.**
    (631) 458-4879
    We can help!
    Listing Contact
    Vincent Horcasitas
    Learn More
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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.

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    7 Town Line Road, Wainscott, NY 11975
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