72 Bay Avenue W, Hampton Bays, NY 11946

Property Description

Set on a beautifully cleared, uniquely spacious 0.99-acre property, this recently renovated 3-bedroom, 3-bathroom home offers the rare combination of move-in-ready living and exceptional long-term upside. The 2,454 +/- SF home is thoughtfully laid out with multiple living areas, creating an easy, comfortable flow for both everyday living and entertaining. The main level features two well-placed bedrooms, while the private second-floor primary suite is set apart from the rest of the home and complete with a spa-like ensuite bath, heated floors, a sauna, and a steam shower. Step outside to a true Hamptons setting with an expansive deck, awning, and a large heated pool. The oversized detached two-car garage doubles as a pool cabana with a full bath, offering excellent potential for enhancement or expanded use. The open lower level provides additional flexibility, ideal for a future media room, gym, or recreation space. What truly sets this property apart is the extraordinary upside. The parcel presents a rare opportunity to subdivide into two half-acre lots, with the process already underway and key steps completed, offering the option to build a second home, create a compound, or sell the additional lot in an area where land is increasingly scarce. Located in an A+ Hampton Bays setting, you're approximately 2.5 miles from Ponquogue Beach, moments from Hampton Coffee Company, and surrounded by top waterfront dining, including Amalfi Coastal Kitchen & Cocktails, Whales Tale, Oaklands Restaurant & Marina, and Sundays on the Bay. With strong rental demand in the immediate area and nearby homes achieving premium seasonal rates, this property is equally compelling as a primary residence, summer retreat, or income-producing investment. A rare chance to own a turnkey Hamptons home today-with built-in upside for tomorrow.