1240 Majors Path
About This Property
Imagine standing on more than 14 acres of pristine Southampton land, where the only limits are the boundaries of your imagination. This 3-lot subdivision (single family residential zoning), offers savvy Buyers and visionary Builders alike, the rare combination of scale, flexibility, and prime positioning .
This extraordinary parcel is a compelling blank canvas with tremendous potential for a sprawling private compound, a multi-generational estate, or a strategic development opportunity.
Tucked into one of Southampton's most convenient locations, the property delivers the best of both worlds: the quiet privacy of expansive acreage paired with easy access to Southampton Village's celebrated shops, restaurants, and the world-renowned ocean beaches. Accessibility is everything, and this location is second to none.
Properties of this scale, and potential, simply do not come along often.
The canvas is ready. Make 1240 Majors Path yours.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 11, 2026 | Listed by Sothebys Int'l Realty Hamptons | $5,800,000 | |
| Listed by Sothebys Int'l Realty Hamptons | |||
| Sep 26, 2025 | No longer available | - | |
| No longer available | |||
| Sep 25, 2025 | Price Decreased |
$5,750,000
↓ $750K
(11.5%) | |
| Price Decreased | |||
| Jul 16, 2025 | Price Decreased |
$6,500,000
↓ $750K
(10.3%) | |
| Price Decreased | |||
| Jun 12, 2025 | Price Decreased |
$7,250,000
↓ $750K
(9.4%) | |
| Price Decreased | |||
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Data Source: OneKey MLS
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