Outstanding opportunity to renovate the existing home, or build a custom compound, on this rectangular 3.10+/- acre lot located amidst some of the most sought-after property in the Hamptons. The parcel's rolling lawns are set across from a 15+/- acre agricultural reserve, near to local farm stands, and are a short distance directly down the street to magnificent Sagg Main Beach's sunny southern exposure on the Atlantic Ocean. The existing traditional 2400+/- square foot home features 4 bedrooms and 3 full baths with an open kitchen/dining floorplan. A living room, and separate family room, both with exposed beams, large swimming pool, and detached garage with capacity for 4 automobiles are also included. Or build to suit with ample room for 8700+/- square foot house with finished lower level, pool, pool house, and sunken tennis court.