This 4 bedroom/3.5 bath home offers a story-book setting on the southern tip of Highland Terrace. The gracious property spans an impressive 315'-plus in front, allowing for tremendous curb appeal. It also allows for 180-degree views of the 35 acre farm across the street, which stretches out to Sagg Pond. On the first floor, the home features a living room with cathedral ceilings, dining room with French Doors to the back yard, kitchen with attached laundry, and 4 car garage/work space. The master bedroom is conveniently located on the first floor with, 2 additional bedrooms sharing a bath. Upstairs, there is a 4th bedroom, with ensuite bath, and a billiard room or second family room. Priced at land value, this home offers a myriad of opportunities. Enjoy this well maintained home as-is, with your own design updates. Or substantially increase the home in size, by expanding the second floor to capture massive field views. There is room for an oversized pool. Or there is room to start from scratch and build a 13,000 square foot house of your dreams, with pool, pool house and possible sports court. The home sits on a quiet street, known for its wide open fields and private $20-35MM custom homes. It is walking distance to Sagg Bridge, where one can launch kayaks or paddleboards to Sagg Main Beach or enjoy a moment of peace in this bucolic setting on the pond. Yet it is also only 1.4 miles to Bridgehampton Village for ultimate convenience, with easy South-of-the-Highway access to Wainscott and East Hampton in one direction and Water Mill in the other.