20 Penny Ln, Hampton Bays, NY, 11946

Single Family in Hampton Bays, NY - Bedrooms: 5 - Bathrooms: 4.5 - Area: 3140 sqft - Year Built: 2002 - Lot: 41818 sqft

Listing Agent: Julio Julio Izquierdo Brokerage: COMPASS

Discover a spectacular hidden waterfront retreat set on nearly a full acre, where the lifestyle extends far beyond the 3, 140 square feet of the main residence. A separate accessory cottage of approximately 1, 000 additional square feet means this compound delivers closer to 4, 100 square feet of total usable space, a distinction that sets it apart from anything comparably priced on the water. The main house was reimagined through a significant gut renovation in 2021 (building on a prior 2012 renovation), blending modern luxury with timeless Hamptons elegance throughout. The entry sets the tone with a refined mudroom-style foyer, clean, organized, and beautifully designed, flowing into an expansive gourmet kitchen, the true heart of the home. Just beyond, an elegant dining area anchored by a wood-burning fireplace opens to a soaring vaulted-ceiling living room that connects seamlessly to a covered porch overlooking the heated gunite pool and shimmering water. Two junior suites on the main level offer comfort and privacy, while the upper-level primary suite captures tranquil water views, a private balcony, and a dedicated office, also with a balcony, creating a genuinely serene work-from-home sanctuary. The lower level adds two legal bedrooms and a full laundry room, providing flexibility for guests or recreational use. A second laundry within the primary suite adds everyday convenience. The accessory cottage is a true differentiator. At roughly 1, 000 square feet with a wet bar, it offers exceptional flexibility as a den, studio, gym, home office, or creative retreat, a rare bonus space that few properties at this price point can offer. Buyers will immediately recognize the possibilities. Outdoors, the property unfolds into a complete waterfront compound: a bulkheaded shoreline, a deep-water dock for boats and jet skis, a heated gunite pool, patio, fire pit, and lush, well-maintained grounds. A high-roof three-car carport adds architectural presence, and an additional barn and gardening structure offers further versatility. This is not simply a house on the water; it is a rare compound with the square footage, infrastructure, and flexibility to live like a private resort. Come experience it and imagine the life it makes possible.