40 Grove Street, Amagansett, NY 11930

$1,500,000 · 3 bed · 2 bath · 1,350 sq ft · built 1976 · MLS# 1067509 · Active

Nestled in one of Amagansett's most sought-after neighborhoods, this inviting three-bedroom cottage offers the perfect balance of privacy, convenience, and coastal charm. The thoughtfully designed single-level layout features a private primary suite positioned separately from the two guest bedrooms, creating a comfortable retreat for family and visitors alike. Sliding glass doors fill the home with natural light and provide seamless access to the outdoors, where professionally landscaped grounds create a tranquil setting for relaxation and entertaining. A gravel driveway and Tesla charging station add modern convenience to this timeless property.…

Single-family homes in the Amagansett Union Free School District sold for a median of $2,600,000 (typically $1,850,000–$4,500,000) across 14 recorded sales between Dec 2, 2025 and Jul 10, 2026, down 20% on the 12 months before.

ZIP 11930 has about 14.2 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 $4,306 a year, this home's property tax runs roughly 57% below the $10,000 typical for Amagansett 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