Nestled on a full .99-acre parcel in one of Water Mill's most coveted waterfront enclaves, 104 Cobb Isle Road presents a rare opportunity to create your dream Hamptons retreat. Currently offering a 3,335 ± sq. ft. residence with 5 bedrooms and 4 bathrooms, this 1999-built home is primed for redevelopment or a complete reimagination. With sweeping water views and direct frontage, the property combines privacy with proximity to world-class beaches, dining, and village amenities. The generous lot size allows for a new construction estate with pool, pool house, and dock potential (subject to permits). Whether you envision a modern waterfront masterpiece or a timeless Hamptons escape, this property offers the foundation and setting for extraordinary possibilities.