Consider the possibilities of a generous half acre property with a heated gunite pool, expansive back deck and lawn and a pre-existing pool cottage with full bath located within close proximity to all of the amenities of Southampton Village. Perched on a knoll above Old Town Road and within walking distance to ocean beaches, this spacious mansard offers prodigious value for the savvy prospective resident. The floorplan centers around an open and airy living room, with eat-in kitchen, library, guest room and first floor master suite branching out in distinct wings. French doors lead directly from the master bedroom to the deck, a private sunny spot to sit in a hammock or launch into the pool. The third, loft-like bedroom suite makes up the entirety of the second floor. An enterprising owner might see the possibilities for a new opus on this desirable property, with a potential 4,100sf house awaiting development, or simply add a few personal touches and enjoy the magic of many Hamptons summers to come.