32 Neck Path
About This Property
Designed for both everyday living and entertaining, the home features five ensuite bedrooms, including two primary suites with luxurious bathrooms and oversized double showers, plus two additional half baths. The open floor plan flows from a formal living room with a wood-burning fireplace to the dining area and gourmet kitchen, equipped with a Wolf 6-burner gas range, Wolf double ovens, microwave, Sub-Zero refrigerator with beverage and freezer drawers, wine refrigerator, two Miele dishwashers and a spacious stone island with seating.
Sliding glass doors open to a private backyard featuring a 20' x 40' covered heated Gunite pool with hot tub, outdoor BBQ, oversized fire pit, play area and a fully screened flower and vegetable garden. The finished lower level offers light wells throughout, a spa with sauna and steam shower, space for a home gym and office, a playroom and a large media room with a double-sided gas fireplace.
The property also offers room for a tennis court, horses and stables. With its expansive modern architecture, private setting and historical provenance, this exceptional property presents a rare opportunity in East Hampton.
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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%.
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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 |
|---|---|---|---|
| Aug 27, 2026 | Listed by Douglas Elliman Real Estate | $6,500,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Mar 1, 2026 | No longer available | - | |
| No longer available | |||
| Sep 19, 2025 | Price Decreased |
$8,750,000
↓ $245K
(2.7%) | |
| Price Decreased | |||
| Aug 21, 2025 | Listed by Douglas Elliman Real Estate | $8,995,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Nestled between Amagansett & East Hampton, and within walking distance of beautiful bay beaches, this stunning custom Modern Home with spacious glass exteriors meets every desire.
Situated on a secluded 5+ acres in the Historic district of Springs and surrounded by 165 acres of nature reserve, this magical gated Modern property with high ceilings, and skylights provides complete privacy for all your family's needs.
With plenty of room for entertaining and guests, the property boasts 5 ensuite bedrooms, with top-of-the-line bathrooms featuring large double shower stalls in the two separate masters. There are two additional half bathrooms and a large laundry/ mud room leading to the backyard.
The expansive open floor plan flows from a formal living room with wood burning fireplace, to the dining room and on to a Gourmet kitchen, featuring a Wolf 6-burner gas stove, a Wolf double oven, microwave, Sub-Zero refrigerator with drink and freezer drawers, separate wine fridge, two Miele dishwashers and a spacious white stone island with seating.
Sliding glass doors throughout open out to an expansive secluded Backyard with a 20’ x 40’ covered Gunite pool with hot tub, outdoor shower, outdoor BBQ, outdoor play set, fully screened flower & vegetable garden and an oversized fire pit with seating.
The spacious lower level has light wells throughout and features a Spa with a large sauna, a steam shower, a playroom area with room for a home gym and an office, and a large Media room with double sided gas Fireplace.
This magical property was owned by noted Abstract Expressionist Art Critic Harold Rosenberg, and has hosted many famous visitors like Pollock, DeKooning and more.
The large private property and location, spacious open architecture and historical provenance of this home makes it one of the most compelling properties in East Hampton
Room for Tennis courts, horses and stables.
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| Sep 3, 2008 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017