1593 Deerfield Rd, Water Mill, NY, 11976
About This Home
Once in many year opportunity for ocean and bay view on Deerfield Rd., Watermill. Cleared and high on a hill, break yourself free from the $14M cookie cutter home. This 9 acre ultra serene spot is centrally located amidst the horse and farm fields of Watermill, its proximity to the ocean beach and attractions like yachting in Sag Harbor, golfing in Bridgehampton, and its elevation offering ocean and bay views from the roof deck (and potentially from the primary bedroom) that make it truly exceptional. Furthermore, this grand estate-sized parcel is surrounded by other very large estate-sized parcels with magnificent luxury homes. In fact, the one next door is also available for sale creating the opportunity for a multi-dwelling compound. Plans already exist for a 12,500 sf traditional home on four levels with 8 bedrooms and 10 bathrooms, a roof deck for water and sunset views, a large pool, jacuzzi, pool house, large finished basement with gym, theater, bedrooms, and of course an outdoor tennis court. The owner of the property offering, Rosewood Developers, is known in the industry as a builder of extremely high quality and distinction - with over 45 years of history building some of the most beautiful and sturdiest homes in the Hamptons and Long Island. Furthermore, Rosewood has another extraordinary new house in Southampton South available right now that you can move in to while building this large home with ocean view on Deerfield Rd. The price for the Land, Pool, Pool House, and Tennis Court is $14,995,000. The beautiful 5 bedroom house next door on 3.7 acres would make a fabulous guest home and completing the compound offering a total 12.7 acres with ocean and bay view from the roof deck of the new home.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: New Construction
- New construction: Yes
- Year built: 2024
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Yes
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Cooling
- Cooling features: Central Air
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 0900047000100042002
Features
- Private pool: Yes
- Exterior features: Tennis Court(s)
- Has spa: Yes
- Spa features: Heated
Parking
- Parking features: GarageDetached
- Has garage: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Hurricane
- Inland Flooding
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Suffolk County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $75,822 | $909,864 |
| Home Insurance * | $5,817 | $69,804 |
| Property Taxes | $716 | $8,592 |
| Electricity | $246 | $2,954 |
| Total | $82,601 | $991,212 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-23 | Price change | $14,995,000 |
| 2026-04-17 | Price change | $12,995,000 |
| 2026-03-11 | Price change | $3,995,000 |
| 2025-09-05 | Listed for sale | $3,495,000 |
| 2025-08-12 | Sold | $2,370,000 |
| 2025-08-05 | Price change | $12,995,000 |
| 2025-08-05 | Listed for sale | $3,295,000 |
| 2025-05-16 | Listing removed | $2,995,000 |
| 2024-09-20 | Price change | $2,995,000 |
| 2024-05-16 | Listed for sale | $3,400,000 |
| 2020-03-30 | Listing removed | $2,250,000 |
| 2018-07-17 | Price change | $2,250,000 |
| 2017-10-27 | Listed for sale | $2,395,000 |
| 2017-09-25 | Listing removed | $2,395,000 |
| 2017-06-09 | Listed for sale | $2,395,000 |
| 2016-07-14 | Listing removed | $3,500,000 |
| 2014-12-11 | Listed for sale | $3,500,000 |
| 2007-09-14 | Sold | $2,675,000 |
New Construction
View on Zillow