An extraordinary opportunity to own one of the most significant pieces of Southampton's prestigious estate section with sensational water views over Lake Agawam. Sited on over 12 acres, this premier offering includes 3 building lots (2 with Lake views and one with access from First Neck Lane) and has just been re-listed for sale with reconfigured lot sizes and adjusted prices, for a total of $42M. The current home which is destined for demolition on lot 4 leaves a clean slate for an exciting new opportunity to create one's own masterpiece, all in close proximity to the chic Southampton Jobs Lane and Main Streets and the ocean beaches. Also can be sold separately! (137 Pond Lane-lot 4 -now 4.8 acres $15.95M) (137 & 153 together 8.4 acres total-$29M) (52 First Neck Lane -lot 2- 3.6 acres - $12.5M). 153 Pond Lane cannot be sold separately unless 137 Pond Lane sells first or by itself, and then for $13.95M. (111 Pond Lane -lot 3 is now In Contract with Southampton Town which intends to keep it as open space making the adjoining lots even more valuable and private.) This is a rare opportunity to design and construct a magnificent compound on one of the largest contiguous estate parcels within the most prime "historic estate section" in the Hamptons.