By Mary K. Jacob April 27, 2023, 4:44pm

One of the largest properties in Watermill can be yours for $35 million.

One of the largest properties in Water Mill has listed for the first time in 25 years.

Asking $18.5 million, the 7,500-square-foot home sits on 2.3 acres with dock access to Mecox Bay and comes with two separate building lots, both asking $10 million.

However, should a deep-pocketed buyer want to buy just the home, it can be purchased separately or you have the option to purchase it all for a discounted price of $35 million.

Located south of the highway at 635 Flying Point Rd., the property was purchased by a Swiss-based financier back in 1998.

Pegged as a “rare opportunity,” the estate features views of the bay on one side and park-like views on the other.

The traditional, shingle-style residence sits on a 2.34-acre lot with with idyllic water views.

The home comes with an attached guesthouse, a pool and a pool house.

Made up of nine bedrooms and 8.5 bathrooms, the first floor features a light-filled living room with a woodburning fireplace overlooking the park-like grounds, the listing states.