Imagine this one of a kind offering in a prime location overlooking Lake Agawam. This 3.6+/- acre property is part of a unique compound setting newly re-subdivided into 2 lots and ready for a new creative masterpiece. This lot can host a generous main residence, pool and tennis with views to the lake and ocean beyond or towards the mature landscaping and specimen trees to the south, west and north. The adjoining 4.8+/- acre lot next door to the north also has room for a sizable house, pool, and tennis court. This 3.6+/- acre lot (lot 5) can be purchased separately, or together with the 4.8+/- acre lot, (lot 4). In the X zone providing high ceiling basements. This is an exceptional opportunity for you to own one of the largest contiguous estate parcels within the most prime "historic estate section" in the Hamptons.