First time on the market, this 1.05 acre lot is ideally located south of the highway and in the heart of Amagansett. A mere half mile from world class Indian Wells Ocean Beach and less than a half mile from the Amagansett square, local shops, and restaurants. This private lot features a stately entrance down a long driveway with an abundance of beautiful specimen trees, as well as pre-existing 100% clearing. The property can accommodate a 5,387+/- sq. ft. primary residence above ground with room for more in the lower level, along with a pool and pool house. There is currently a 5 bedroom, 3 full and 1 half bath home which can be renovated and expanded upon, or a future owner can build new. This is truly a unique opportunity to build your Hamptons dream home.