Believed to be one of the three Gimbel estates in Water Mill purchased by the department store-owning family in 1910, the 19th century estate at 391 & 396 Cobb Road went into contract almost immediately after going on the market for $5.4 million.
Built in 1890, the home has been owned by an Italian financier and fashion house owner for the past 30 years. The owner is also a composer—Carnegie Hall musicians have visited the estate, which has a guitar-shaped pool in the backyard.
The Colonial style main house has 5,000 square feet of living space with five bedrooms, five and a half bathrooms, a wraparound porch, fireplaces in both the formal living room and the library, and French doors that lead out to the exterior gardens. The kitchen offers a wet bar, pantry, and breakfast nook. Meanwhile, a separate entrance opens to the playroom with a full bathroom.
A second-level master suite features a sitting area and fireplace, while the remaining bedrooms and bathrooms can be found on the second and third floors.
Outside, there are patios, terraces, a pool, entertaining space, and a two-car garage which hosts an artist’s studio with a fireplace and separate bathroom above it.
Located just south of the highway, the 1.48-acre property is close to Mill Creek and Mecox Bay, about two miles from the ocean at Flying Point Beach, and less than a mile from Water Mill shops and restaurants.
Douglas Elliman Real Estate agent, Michaela Keszler, represents the listing.
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- 391 & 396 Cobb Road [Douglas Elliman]