IN CONTRACT 11-4-24 WITH TOWN OF SOUTHAMPTON FOR COMMUNITY PRESERVATION Located within Hampton Bays beautiful Red Creek area, this 1.538 acre waterfront property enjoys picturesque views over Squires Pond and Great Peconic Bay beyond. This unique opportunity offers over 200 feet of frontage on bucolic Squires Pond and can be subdivided into two lots. Short walk to Peconic Bay beaches at West Landing and East Landing. Hampton Bays School District. There are existing residential structures on this site with Certificates of Occupancy in place for two dwellings and a detached 2-car garage with heated workshop and second story storage loft. Opportunity abounds as a residential compound or investment property. You can live in the existing home, enjoy the separate guest cottage, and utilize the sizable detached garage while going through the time it takes to complete the minor subdivision process approvals by Southampton Town and Suffolk County Health Dept and design / build 2 new waterfront residential homes. Call for more details, a copy of the updated survey with mark-out utilities and test hole and to schedule an appointment to see this rare waterfront gem. NO UNACCOMPANIED SITE VISITS.