With sales on similar estate-sized properties trading between $4-6M, this gated home w/ tennis may be one of the best investments in Sag Harbor, with significant potential. Its a mile to Long Beach and minutes to Bridgehampton. Sold "As-Is" but with opportunities to renovate or expand and create significant value. The 6000 sq ft home (4400 on top 2 levels plus 1600 above ground lower level), affords privacy, yet convenience. And its priced well, with $300,000 in potential annual rental income. The foyer opens to a double-height great room with fireplace, beams and a wall of glass to the back yard. The great room also opens to formal dining and a covered outdoor dining room, for indoor-outdoor living. A stunning chef's kitchen presents phenomenal views though another wall of glass. It opens to a second family room with second fireplace and office, for more casual family time. There is a covered outdoor living room as well. Rounding out the first floor are two ensuite bedrooms plus laundry. Upstairs, the Master suite offers scale and privacy, with an impressive marble bath and balcony that overlooks the entire property out to the Peconic Bay. There is a second ensuite bedroom (or office), also with balcony and views. The lower level features a club room with mahogany wetbar, billiards and glass doors to the yard and hot tub. It's ideal for entertainment and to transition to the pool. There are 1-2 additional bedrooms in the lower level, which feels like a true floor since its above-grade on 3 sides. There are health department permits in place to for future expansion to 8 bedrooms if desired. Outside, acres of privacy landscaping envelop a heated gunite pool with cabana, extensive decking, and Deco-Turf Tennis with Basketball. The property abuts reserve to Bridge Golf Club for utmost privacy. While you never have to leave, Long Beach, Sag Harbor Village and Bridgehampton are all moments away.