Spectacular one of a kind offering in prime location overlooking Lake Agawam. This 8.4 acre property is part of a unique compound setting newly re-subdivided into 2 lots and ready for a new creative masterpiece. The larger 4.8 acre lot currently has a 70's built Bates & Boor designed home which is set for demolition this Fall. The adjoining 3.6 acre lot next door to the south also has room for a sizable house, pool, and tennis court. Both lots reside among specimen trees and mature landscaping. The 3.6 acre lot (lot 5) can be purchased separately, or together with the 4.8 acre lot, (lot 4). 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.