Real Estate Investment Properties for Sale in Water Mill, NY

Looking for investment property in Water Mill, NY with high ROI ?

Explore a variety of short-term homes & houses in Water Mill, NY. Invest wisely with VRBO & Water Mill, NY Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Water Mill, NY

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
359 Noyac Path Water Mill, NY This designer-curated Hamptons retreat offers contemporary luxury and timeless elegance. A...	4 beds \| 3 baths \| 3,400 sq.ft.	$4,000,000	Airbnb cash on cash: -1.18% Traditional cash on cash: -0.28% Airbnb Rental Income: $448 Traditional Rental Income: $3525 Airbnb ROI: -1.18% Traditional ROI: -0.28%
172 Mill Pond Lane Water Mill, NY Step into a world of tranquility and elegance at the stunning Mill Pond property, nestled ...	4 beds \| 5 baths \| 3,500 sq.ft.	$2,995,000	Airbnb cash on cash: -1.17% Traditional cash on cash: 0.88% Airbnb Rental Income: $448 Traditional Rental Income: $5887 Airbnb ROI: -1.17% Traditional ROI: 0.88%
61 Lower Seven Ponds Road Water Mill, NY 61 Lower Seven Ponds Road, a hidden gem in the heart of Water Mill where luxury living mee...	4 beds \| 4 baths \| 4,750 sq.ft.	$4,495,000	Airbnb cash on cash: -1.16% Traditional cash on cash: -0.04% Airbnb Rental Income: $448 Traditional Rental Income: $4884 Airbnb ROI: -1.16% Traditional ROI: -0.04%
89 Cobb Road Water Mill, NY The Garden Farmhouse located at 89 Cobb Road is now for sale, a gorgeous, fully renovated ...	4 beds \| 5 baths \| 3,000 sq.ft.	$5,950,000	Airbnb cash on cash: -2.7% Traditional cash on cash: -1.73% Airbnb Rental Income: $448 Traditional Rental Income: $5520 Airbnb ROI: -2.7% Traditional ROI: -1.73%
87 Westminster Road Water Mill, NY Originally designed by Neski and seamlessly reimagined by Bates Masi, available for sale f...	3 beds \| 4 baths \| 3,195 sq.ft.	$4,750,000	Airbnb cash on cash: -1.01% Traditional cash on cash: -0.23% Airbnb Rental Income: $1638 Traditional Rental Income: $4611 Airbnb ROI: -1.01% Traditional ROI: -0.23%
3 Reed Pond Court #3 Water Mill, NY Newly renovated townhouse in the prestigious Mecox Landing condominium complex which is So...	3 beds \| 5 baths \| N/A	$1,925,000	Airbnb cash on cash: -0.59% Traditional cash on cash: 1.8% Airbnb Rental Income: $1638 Traditional Rental Income: $5441 Airbnb ROI: -0.59% Traditional ROI: 1.8%
1052 Noyac Path Water Mill, NY Secreted on 10 acres within a hidden, private Hamptons enclave, minutes from three of the ...	4 beds \| 5 baths \| 3,471 sq.ft.	$7,995,000	Airbnb cash on cash: -1.16% Traditional cash on cash: -0.42% Airbnb Rental Income: $448 Traditional Rental Income: $5638 Airbnb ROI: -1.16% Traditional ROI: -0.42%
248 Blank Lane Water Mill, NY Down a long private driveway 359+', sits a charming split level ranch, with amazing views ...	5 beds \| 5 baths \| 3,504 sq.ft.	$3,875,000	Airbnb cash on cash: -0.92% Traditional cash on cash: 0.44% Airbnb Rental Income: $1540 Traditional Rental Income: $5963 Airbnb ROI: -0.92% Traditional ROI: 0.44%
700 Edge of Woods Road Water Mill, NY Interior Photos Coming Soon. Discover your dream home at 700 Edge of Woods in Water Mill, ...	3 beds \| 2 baths \| 1,700 sq.ft.	$2,995,000	Airbnb cash on cash: -0.77% Traditional cash on cash: 0.11% Airbnb Rental Income: $1638 Traditional Rental Income: $3637 Airbnb ROI: -0.77% Traditional ROI: 0.11%
117 Mill Creek Close Water Mill, NY Set South of the Highway in a quiet Water Mill enclave, this renovated 6-bedroom, 5 -and-a...	5 beds \| 6 baths \| 4,918 sq.ft.	$5,775,000	Airbnb cash on cash: -1.07% Traditional cash on cash: 0.36% Airbnb Rental Income: $1540 Traditional Rental Income: $8787 Airbnb ROI: -1.07% Traditional ROI: 0.36%
53 Bay Avenue Water Mill, NY Welcome to 53 Bay Ave, Water Mill South - an exceptional, newly built masterpiece, that ex...	4 beds \| 4 baths \| 5,039 sq.ft.	$6,735,000	Airbnb cash on cash: -1.3% Traditional cash on cash: -0.23% Airbnb Rental Income: $448 Traditional Rental Income: $6881 Airbnb ROI: -1.3% Traditional ROI: -0.23%
19 Magnolia Drive #4B Water Mill, NY An exciting new community is taking shape in the heart of Water Mill offering the ultimate...	4 beds \| 4 baths \| 2,459 sq.ft.	$2,650,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 0.96% Airbnb Rental Income: $448 Traditional Rental Income: $5294 Airbnb ROI: -1.12% Traditional ROI: 0.96%
421 Edge of Woods Road Water Mill, NY Down a long driveway, this wonderfully appointed home situated on 2.5+/- acres offers exce...	5 beds \| 9 baths \| 8,500 sq.ft.	$5,995,000	Airbnb cash on cash: -0.94% Traditional cash on cash: 0.44% Airbnb Rental Income: $1540 Traditional Rental Income: $8748 Airbnb ROI: -0.94% Traditional ROI: 0.44%
73 Summerfield Lane Water Mill, NY Discover this amazing home, South of the Highway in Water Mill, ready for immediate luxury...	4 beds \| 4 baths \| 3,000 sq.ft.	$6,495,000	Airbnb cash on cash: -1.23% Traditional cash on cash: -0.27% Airbnb Rental Income: $448 Traditional Rental Income: $5955 Airbnb ROI: -1.23% Traditional ROI: -0.27%
322 Rose Hill Road Water Mill, NY Nestled in the heart of Water Mill South, this historic luxury estate is a rare opportunit...	5 beds \| 5 baths \| 4,110 sq.ft.	$14,250,000	Airbnb cash on cash: -2.64% Traditional cash on cash: -2.17% Airbnb Rental Income: $1540 Traditional Rental Income: $7325 Airbnb ROI: -2.64% Traditional ROI: -2.17%
1280 Noyack Path Water Mill, NY Charming traditional home in exceptionally beautiful, parklike area of Water Mill.	4 beds \| 4 baths \| 3,742 sq.ft.	$3,450,000	Airbnb cash on cash: -1.21% Traditional cash on cash: 0.74% Airbnb Rental Income: $448 Traditional Rental Income: $6419 Airbnb ROI: -1.21% Traditional ROI: 0.74%
240 Head of Pond Road Water Mill, NY Water Mill Modern Farmhouse Masterpiece - Built in 2022 This stunning Modern Farmhouse, bu...	5 beds \| 8 baths \| 4,450 sq.ft.	$5,500,000	Airbnb cash on cash: -1.03% Traditional cash on cash: 0.56% Airbnb Rental Income: $1540 Traditional Rental Income: $9226 Airbnb ROI: -1.03% Traditional ROI: 0.56%
5 Lower 7 Ponds Road Water Mill, NY Just Renovated - Sweeping Farm Views and Heated Pool Renovation complete - This pristine t...	4 beds \| 4 baths \| 2,700 sq.ft.	$3,495,000	Airbnb cash on cash: -1.16% Traditional cash on cash: 0.59% Airbnb Rental Income: $448 Traditional Rental Income: $5859 Airbnb ROI: -1.16% Traditional ROI: 0.59%
986 & 988 Noyac Path Water Mill, NY 986 & 988 Noyac Path offer an amazing opportunity to own two adjacent properties, each on ...	4 beds \| 4 baths \| 2,329 sq.ft.	$3,995,000	Airbnb cash on cash: -1.3% Traditional cash on cash: -0.18% Airbnb Rental Income: $448 Traditional Rental Income: $4330 Airbnb ROI: -1.3% Traditional ROI: -0.18%
10 Head Of Pond Road #8 Water Mill, NY Welcome to Seven Ponds Condominium. Currently the best deal in all of Watermill ! This stu...	3 beds \| 3 baths \| 1,858 sq.ft.	$1,100,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 1.71% Airbnb Rental Income: $1638 Traditional Rental Income: $3907 Airbnb ROI: -0.96% Traditional ROI: 1.71%
969 Head of Pond Water Mill, NY This is one cute cottage that you won't want to miss. Oh so charming and tucked away off t...	3 beds \| 1 baths \| 988 sq.ft.	$969,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 1.79% Airbnb Rental Income: $1638 Traditional Rental Income: $2914 Airbnb ROI: -0.14% Traditional ROI: 1.79%
22 Old Trail Road Water Mill, NY Welcome to 22 Old Trail Road, a charming beach cottage-style residence tucked away in the ...	5 beds \| 4 baths \| 3,388 sq.ft.	$2,345,000	Airbnb cash on cash: -0.82% Traditional cash on cash: 1.48% Airbnb Rental Income: $1540 Traditional Rental Income: $6088 Airbnb ROI: -0.82% Traditional ROI: 1.48%
165 Roses Grove Road Water Mill, NY Amazing opportunity to own in the Hamptons. Nestled on a shy acre, this contemporary is mo...	3 beds \| 2 baths \| 1,440 sq.ft.	$1,300,000	Airbnb cash on cash: -0.44% Traditional cash on cash: 1.56% Airbnb Rental Income: $1638 Traditional Rental Income: $3586 Airbnb ROI: -0.44% Traditional ROI: 1.56%
266 Water Mill Towd Rd Water Mill, NY Perfectly situated on an acre in the heart of Water Mill, this newly renovated contemporar...	5 beds \| 8 baths \| 5,243 sq.ft.	$3,750,000	Airbnb cash on cash: -0.88% Traditional cash on cash: 1.33% Airbnb Rental Income: $1540 Traditional Rental Income: $8789 Airbnb ROI: -0.88% Traditional ROI: 1.33%
161 Summerfield Lane Water Mill, NY Introducing an exceptional opportunity on one of the most coveted lanes in Water Mill Sout...	4 beds \| 4 baths \| 3,300 sq.ft.	$7,995,000	Airbnb cash on cash: -1.19% Traditional cash on cash: -0.37% Airbnb Rental Income: $448 Traditional Rental Income: $6216 Airbnb ROI: -1.19% Traditional ROI: -0.37%
39 Fairbanks Court Water Mill, NY Built in 2000 and set on a generous 0.75-acre lot, this traditional farmhouse-style home i...	3 beds \| 3 baths \| 2,500 sq.ft.	$2,800,000	Airbnb cash on cash: -0.78% Traditional cash on cash: 0.46% Airbnb Rental Income: $1638 Traditional Rental Income: $4410 Airbnb ROI: -0.78% Traditional ROI: 0.46%
229 Water Mill Towd Road Water Mill, NY Welcome to Casa Lana, a serene oasis nestled in the heart of Water Mill's picturesque hors...	3 beds \| 3 baths \| 1,959 sq.ft.	$2,150,000	Airbnb cash on cash: -0.64% Traditional cash on cash: 0.66% Airbnb Rental Income: $1638 Traditional Rental Income: $3760 Airbnb ROI: -0.64% Traditional ROI: 0.66%
104 COBB ISLE RD Water Mill, NY Nestled on a full .99-acre parcel in one of Water Mill's most coveted waterfront enclaves,...	5 beds \| 4 baths \| 3,420 sq.ft.	$15,000,000	Airbnb cash on cash: -2.64% Traditional cash on cash: -2.23% Airbnb Rental Income: $1540 Traditional Rental Income: $6820 Airbnb ROI: -2.64% Traditional ROI: -2.23%

Real Estate investment in Water-mill, NY

There are 28 properties for sale in the city of Water Mill . The median list price in Water Mill is $3,935,000 and the average price per square foot is $1,157. In September 2025, the average monthly cash on cash return in Water Mill is N/A%. The average monthly rental income in Water Mill is $5,749.

Water-mill, NY Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 28 investment properties available for sale in Water-mill.

In 2025, the best neighborhood to buy investment property is Water Mill.

The ROI for Long-Term is higher than the Short-Term in Water-mill with average rental income of $5,749.

Your search for investment property begins and ends here

Investment Property for Sale in Water Mill, NY

359 Noyac Path

Water Mill, NY

4 beds | 3 baths | 3,400 sq.ft.

$4,000,000

Airbnb cash on cash: -1.18%

Traditional cash on cash: -0.28%

Airbnb Rental Income: $448

Traditional Rental Income: $3525

Airbnb ROI: -1.18%

Traditional ROI: -0.28%

172 Mill Pond Lane

Water Mill, NY

4 beds | 5 baths | 3,500 sq.ft.

$2,995,000

Airbnb cash on cash: -1.17%

Traditional cash on cash: 0.88%

Airbnb Rental Income: $448

Traditional Rental Income: $5887

Airbnb ROI: -1.17%

Traditional ROI: 0.88%

61 Lower Seven Ponds Road

Water Mill, NY

4 beds | 4 baths | 4,750 sq.ft.

$4,495,000

Airbnb cash on cash: -1.16%

Traditional cash on cash: -0.04%

Airbnb Rental Income: $448

Traditional Rental Income: $4884

Airbnb ROI: -1.16%

Traditional ROI: -0.04%

89 Cobb Road

Water Mill, NY

4 beds | 5 baths | 3,000 sq.ft.

$5,950,000

Airbnb cash on cash: -2.7%

Traditional cash on cash: -1.73%

Airbnb Rental Income: $448

Traditional Rental Income: $5520

Airbnb ROI: -2.7%

Traditional ROI: -1.73%

87 Westminster Road

Water Mill, NY

3 beds | 4 baths | 3,195 sq.ft.

$4,750,000

Airbnb cash on cash: -1.01%

Traditional cash on cash: -0.23%

Airbnb Rental Income: $1638

Traditional Rental Income: $4611

Airbnb ROI: -1.01%

Traditional ROI: -0.23%

3 Reed Pond Court #3

Water Mill, NY

3 beds | 5 baths | N/A

$1,925,000

Airbnb cash on cash: -0.59%

Traditional cash on cash: 1.8%

Airbnb Rental Income: $1638

Traditional Rental Income: $5441

Airbnb ROI: -0.59%

Traditional ROI: 1.8%

1052 Noyac Path

Water Mill, NY

4 beds | 5 baths | 3,471 sq.ft.

$7,995,000

Airbnb cash on cash: -1.16%

Traditional cash on cash: -0.42%

Airbnb Rental Income: $448

Traditional Rental Income: $5638

Airbnb ROI: -1.16%

Traditional ROI: -0.42%

248 Blank Lane

Water Mill, NY

5 beds | 5 baths | 3,504 sq.ft.

$3,875,000

Airbnb cash on cash: -0.92%

Traditional cash on cash: 0.44%

Airbnb Rental Income: $1540

Traditional Rental Income: $5963

Airbnb ROI: -0.92%