More than 36 acres, encompassing a pair of 2+ acre building parcels and a 32 acre reserve, present a variety of interesting scenarios along the farm fields of Water Mill's Deerfield Road. With each lot having room for a significant house, pool, pool house and tennis court and the reserve capable of hosting a significant equestrian facility, the possibilities for fertile minds seems endless. Certainly a family compound of two houses and assorted amenities sharing a horse farm comes to mind. A savvy end user/investor could keep a lot for their own Hampton retreat while selling off the remaining lot while givng each an interest in the 32 acre reserve. An enterprising developer might build and offer 2 new houses for sale that would share the expansive reserve, givng fortunate new owners the ultimate back yard. Explore the myriad possibilities of this unique offering by contacting us today for surveys and complete particulars.