54 Palmer Terrace, Sag Harbor, NY 11963

$7,895,000 · 4 bed · 3 bath · 3,500 sq ft · built 1987 · MLS# 1017424 · Active

A true private compound set on just shy of an acre in one of the Hamptons' most desirable enclaves and on one of Sag Harbor Village's finest streets, this exceptional home blends timeless European charm with modern luxury and comfort. The beautifully landscaped property features a substantial detached accessory structure with its own private entrance, a pool house, detached two-car garage, and heated saltwater pool, offering exceptional flexibility for guests, a home office, studio, fitness space, or extended living. Framed by lush flowering gardens that bloom from spring through autumn,…

Single-family homes in the Sag Harbor Union Free School District sold for a median of $2,350,000 (typically $1,700,000–$4,200,000) across 51 recorded sales between Oct 4, 2025 and Sep 30, 2026, up 20.8% on the 12 months before. This home's $7,895,000 list price sits in the luxury single-family tier for the Sag Harbor Union Free School District.

At about $3,232 a year, this home's property tax runs roughly 54% below the $7,000 typical for Sag Harbor Union Free School District. Suffolk bills combine town, school and special-district levies, so two homes at the same price in neighboring districts can carry materially different taxes. Exemptions such as STAR, Senior or Veteran move the number as well — a new owner's bill is often not the same as the seller's.

OneKey MLS (recorded LI sales, trailing 12mo) + actual tax