7 Mitchell Dunes Lane
About This Property
Located in the highly sought-after Amagansett Dunes, this exceptional ocean-adjacent residence offers rare direct beach access and the ultimate Hamptons coastal lifestyle. Set on approximately 1.05 acres along a private road just one lot from the Atlantic Ocean, this is a premier opportunity in one of the East End's most exclusive beachfront enclaves. Designed for effortless indoor-outdoor living, the home features soaring ceilings, expansive walls of glass, and a seamless flow between the living, dining, and outdoor entertaining spaces. The renovated chef's kitchen opens to a dining area and covered porch, overlooking a Gunite heated pool with spa, outdoor kitchen, fire pit lounge, and landscaped entertaining areas. The main level includes a serene primary suite with direct deck access, additional guest bedroom, full bath, laundry, and powder room. Upstairs, five additional bedrooms-including three with private balconies-provide ample space for guests, along with sunset-facing decks and flexible living areas. Additional amenities include solar panels, electric storm shutters, a full-house generator, outdoor shower, and detached two-car garage. Residents of Mitchell Dunes also enjoy access to a private community tennis court. This is a rare offering combining ocean proximity, privacy, and modern comfort in one of the most desirable beachfront settings in the Hamptons.
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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 |
|---|---|---|---|
| Sep 30, 2026 | Price Decreased |
$12,995,000
↓ $5K
(0%) | |
| Price Decreased | |||
| Sep 21, 2026 | Listed by Douglas Elliman Real Estate | $12,999,999 | |
| Listed by Douglas Elliman Real Estate | |||
| Mar 1, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017