40 Knollwood Drive, Southampton, NY 11968

$2,600,000 · 5 bed · 4 bath · 2,800 sq ft · built 2014 · MLS# 1054363 · Active

This beautifully finished five-bedroom, four-bath residence offers approximately 2,800 square feet of thoughtfully designed living space, all within easy reach of ocean and bay beaches, renowned golf courses, and Southampton Village. Designed for effortless indoor-outdoor living, the heart of the home is an open-concept kitchen, dining, and living area featuring premium appliances, elevated finishes, and a custom fireplace. An impressive 16-foot glass slider opens the space completely to the outdoors, where mahogany decking, an expansive patio, a secluded outdoor living area, and professionally landscaped grounds surround the heated gunite pool.…

Single-family homes in the Tuckahoe Common School District sold for a median of $2,040,000 (typically $1,490,000–$3,500,000) across 33 recorded sales between Oct 30, 2025 and Oct 2, 2026, down 0.5% on the 12 months before.

ZIP 11968 has about 10.8 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 $12,962 a year, this home's property tax runs roughly 62% above the $8,000 typical for Tuckahoe Common 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