197 Two Holes Water Road, East Hampton, NY 11937

$2,195,000 · 4 bed · 3 bath · 2,350 sq ft · built 1969 · MLS# 1019417 · Active

Tucked away in the sought-after Northwest Woods, this 4-bedroom, 3-bathroom East Hampton retreat offers a rare blend of privacy, tranquility, and convenience between Sag Harbor and East Hampton Village. Nestled on Two Holes of Water Road, the home is surrounded by natural beauty while remaining just moments from renowned dining, beaches, marinas, and village shopping. Spacious interiors provide an inviting layout for summer living and entertaining, with generously sized bedrooms, multiple gathering spaces, and seamless indoor-outdoor flow designed for relaxed Hamptons living. Ideal for summer renters seeking a peaceful escape…

Single-family homes in the East Hampton Union Free School District sold for a median of $2,450,000 (typically $1,700,000–$3,450,000) across 54 recorded sales between Nov 3, 2025 and Sep 30, 2026, up 16.7% on the 12 months before. This home's $2,195,000 list price sits in the mid-market single-family tier for the East Hampton Union Free School District.

ZIP 11937 has about 12.9 months of single family inventory — strong buyer's market. A heavily oversupplied market — buyers hold the upper hand, and sellers often offer price cuts or concessions to compete.

At about $12,926 a year, this home's property tax runs roughly 44% above the $9,000 typical for East Hampton 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