195 Jermain Avenue, Sag Harbor, NY 11963

$2,195,000 · 3 bed · 2 bath · 2,000 sq ft · built 1920 · MLS# 1073437 · Active

An exceptional opportunity to create your dream Hamptons retreat at 195 Jermain Avenue. Located in desirable Sag Harbor Village, this property offers a rare blank canvas for buyers looking to bring their own vision to life. The main residence has already been gutted, providing a head start on a complete transformation with the freedom to design and finish the interiors to your own taste. Adding to the property's appeal is a legal secondary cottage with a half bathroom, ideal for a home office, or additional flexible space. The grounds offer…

Single-family homes in the Sag Harbor Union Free School District sold for a median of $2,300,000 (typically $1,700,000–$4,200,000) across 48 recorded sales between Nov 5, 2025 and Oct 16, 2026, up 15% on the 12 months before. This home's $2,195,000 list price sits in the mid-market single-family tier for the Sag Harbor Union Free School District.

ZIP 11963 has about 10.5 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 $10,000 a year, this home's property tax runs roughly 43% above 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