This is the largest single lot on the ocean in Southampton village at almost 10 acres +/-, with nearly 550 feet +/- of Ocean frontage. This is a very unique situation. The current owner does not wish to finish the project. Currently there is roughly $13+ million in usable material equity behind the facade (based on material costs from 2013-2017...not based on today's current material costs, which are significantly higher). An architect is developing plans for a modern design, using the materials already on site. Rough drawings are available upon request that show a general idea. An active demolition permit is in place until Jan 14, 2022. There is an access easement to Shinnecock Bay, through the 5 acres across the street (near the old boathouse). There are also subdivision possibilities of the property. New renderings, and pictures to assist agents on talking points with their buyers, will be provided very soon. A large digital file on this property is also available for the property, which will be made available to serious buyers only!!