Big Reveal: $9.95M for a creekfront home in Southampton’s estate section

Earlier this week, we had readers guess what the home at 370 Great Plains Road in the estate section of Southampton was listed for. Here’s the thing: It last sold just two years ago for $13.7 million, and we always start the guessing right around what it last sold for. But this nearly 2-acre property, just two years later, is on the market for $9.95 million. This means that the current owner is going to be losing close to $4 million—at least.

About half of the voters thought that it was listed between $14 million and $16 million, but a close 35 percent correctly guessed that it was under $14 million. One commenter was surprised that we started the pricing so high for the poll, writing in “I was going to guess 6-8M. Teardown for sure and who wants to live on that swamp?”

The home is technically waterfront at the top of a creek that leads into Shinnecock Bay, but as another commenter pointed out, “the ‘creek’ becomes marsh so you can’t take a boat through.” So we aren’t so sure that the creek frontage adds value to this property as much as a typical waterfront property in the Hamptons would.

Built in 1980, the home stands 4,600 square feet in size with five bedrooms and four and a half bathrooms. The listing claims that it’s been recently updated, and includes a bar, eat-in kitchen with stainless steel appliances, a wood-burning fireplace, and a walk-out finished lower level with a game room and gym. French doors in the lower level lead out to the back yard, water views, a large wood deck, heated gunite pool, and mature trees.

Do you think the home is fairly priced? Leave your thoughts in the comments.

For tips and corrections, please email hamptons@curbed.com

• 370 Great Plains Road [Sotheby’s]
• How much for a creekfront home in Southampton’s estate section? [Curbed Hamptons]

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