See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

724 Millstone Rd, Water Mill, NY, 11976

6beds
8baths
5,700sqft
$5,395,000
$946price/sqft
$30,452/moest. monthly cost
$1,218,080/yrincome needed

About This Home

In the heart of Bridgehampton's famed horse country, this five-acre estate offers style, quality, and privacy at an exceptional level. Designed by the esteemed architects Barnes Coy, the residence blends timeless Hamptons character with refined modern craftsmanship. A cedar shingle exterior sets the tone for interiors appointed with limestone and oak floors, solid five-panel mahogany doors, and four fireplaces, including one outdoors. Rounded walls, detailed moldings, bluestone patios, and copper leaders and gutters all speak to the richness and attention to detail seldom found in new construction. Comfort is ensured year-round by a five-zone heating and cooling system. The circular entry foyer opens into a sun-filled great room with soaring 24-foot ceilings framed by French doors and transom windows. The first floor includes a grand dining/living hall, gourmet chef's kitchen, mahogany library, guest bedroom, one and a half baths, laundry, and pantry. Upstairs, the primary suite is complete with a spa bath and steam shower, joined by two additional bedrooms and baths. The lower level offers a wine cellar, gym/office/guest suite, a full bath with steam shower, and abundant storage. A separate pool house features a kitchenette, bath with steam shower, and lounge area, while the two-car carriage house includes an office/apartment. Outdoor living is defined by expansive bluestone terraces and a striking 60-foot semi-circular heated gunite pool, set against manicured lawns, flowering gardens, and panoramic treetop vistas. This Bridgehampton estate combines architectural distinction with pastoral serenity-an extraordinary offering in one of the Hamptons' most sought-after settings.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
3
BikeSomewhat Bikeable

Schools

5/10
Bridgehampton SchoolGrades PK-123.1 mi

Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Basement: No

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 8
  • Full bathrooms: 7
  • 1/2 bathrooms: 1

Cooling

  • Cooling features: Central Air

Interior Area

  • Total structure area: 5,700
  • Total interior livable area: 5,700 sqft

Property

Details

  • Parcel number: 0900036000100034003

Features

  • Private pool: Yes
  • Pool features: Heated

Lot

  • Lot size: 5 Acres

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
    Coastal FloodingModerate
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Inland Flooding
Winter Weather
Tsunami

FEMA Declared Disasters in Suffolk County and New York

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tropical Storm
Winter Storm

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

MonthlyAnnual
Mortgage $27,280$327,360
Home Insurance *$2,093$25,116
Property Taxes $138$1,656
Electricity $941$11,303
Total$30,452$365,424
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,044,068/yr
40% on housing$913,560/yr
45% on housing$812,053/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

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.

Insurance Growth Rate5-year average: 4.6%
4.6%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$946This listing

vs Other Active Listings

Avg $/sqft

ZIP 11976$2,043
Suffolk County$724

vs Homes Sold Last Month

Median $/sqft

ZIP 11976$1,141
Suffolk County$412

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

DateEventPrice
2026-03-05Listed for sale$5,995,000
2025-12-21Listing removed$6,195,000
2025-09-22Listed for sale$6,195,000
2025-09-22Listing removed$6,195,000
2025-09-18Listed for sale$6,195,000
2008-04-30Sold$3,500,000
1999-02-24Sold$300,000

For Sale by Agent

AgentCasey James Edelstein - Real Estate Sales Person
BrokerageKenilworth Equities LTD

Similar Homes