A rare opportunity to own one of the finest waterfront compounds in the estate section of Southampton Village. This almost eight acre iconic property includes two separate parcels totaling 1000+/- ft. of bay frontage with southwest views of the ocean and the length of Heady Creek. Owner to apply for a lot line modification providing for two approximately 3.75+/- acre lots, each with 500+/- ft. of water frontage, a large building envelope and room for accessory structures including pool, pool house and tennis pending approvals. The property currently features a cape house with 6 bedrooms and 4.5 baths on one lot.