Important reduction! Now Under 3 million at $2,995,000. New Construction in the heart of Sag Harbor Village offers extraordinary advantages: TWO legal CO's; an unusually large lot for Sag Harbor (.35 acre). House is pre-wired for cable and wi-fi throughout. On a quiet village street, it offers 4,000 plus sf of living space with finished lower level. This sophisticated, private compound features an exquisitely designed transitional modern farmhouse by architect David Sherwood, with standing seam metal roof and horizontal clapboard exterior; free-standing 2-story 2 bedroom cottage; separate pool house; and Gunite pool. This complex could not be replicated under current zoning. The MAIN RESIDENCE presents a thoughtful, open floor plan with five bedrooms, 4 1/2 baths, covered front porch, screened rear porch, 400 sf bluestone terrace, and finished basement with en suite bedroom plus recreation and bonus rooms. The first floor formal entry leads to a voluminous great room (living and dining) with sliding doors to the terrace. The large open kitchen with top of the line Thermador appliances opens onto the screened porch. One of five bedrooms and 1 1/2 baths completes this floor. An en suite master commands half of the second floor's square footage, and boasts a private 200 sf balcony. Second floor also includes a full bath plus two additional, ample bedrooms all with generous closet space. A separate free-standing two bedroom,1 1/2 bath COTTAGE offers a spacious living room with a wall of windows; a dining room with an open kitchen and sliding doors leading to the terrace; 1/2 bath; and ample closets. Second floor features two bedrooms and a full bath. A full basement has the potential to add another bedroom and 1/2 bath creating possible future 8th bedroom en-suite. An airy pool house in the same architectural design complete this story book picture.