The home in the village of Sagaponack has plenty of balconies to take in the surrounding water views
3 min
A waterfront home in the Hamptons village of Sagaponack, New York, is on the market for the very first time.
Asking $25.95 million, the gray shingle-style home was built in 2008 by the seller and has since been available as a summer rental, but it’s never been up for sale.
Designed by architect Faruk Yorgancioglu, the “waterfront home offers privacy and panoramic beauty that cannot be duplicated under today’s zoning laws,” said co-listing agent Marilyn Clark of Sotheby’s International Realty – Bridgehampton Brokerage.
The seller bought the property, which at the time had two small structures, at auction in 2005 for approximately $2 million, according to co-listing agent Deborah Pirro of Daniel Gale Sotheby’s International Realty. Mansion Global could not contact the seller.
The home hit the market Thursday, and in addition to Clark and Pirro, it is co-listed by Raquel Lopez of Sotheby’s International Realty – Bridgehampton Brokerage and Diane Anderson of Daniel Gale Sotheby’s International Realty.
Spanning 6,000 square feet, the home is filled with bright interiors, which were designed by New York-based interior designer Steven Gambrel. The open gourmet kitchen flows into a casual dining area and a living space with a fireplace, which is one of two double-sided fireplaces in the home, Pirro said.
“The placement and scale of fireplaces throughout the home is perfection,” she added.
A separate dining room has French doors that open onto a deck, listing photos show.
There are six en-suite bedrooms, including two primary bedrooms. The larger of the two is its own private retreat, outfitted with a fireplace, a sunroom and a large balcony, offering a space to watch the sun set over Sagaponack Pond, according to Sotheby’s.
The home sits on a little more than an acre of waterfront land, bordering Sagaponack Pond, where there’s a private dock, and looking out at the Atlantic Ocean in the distance.
“The location on the pond with the view of the ocean waves breaking is spectacular and unique,” Clark said. “You are close to beaches and the Sagaponack General Store. It is a quick paddle to the famous Sagg Main Beach.”
Other outside amenities include a gunite swimming pool and a hot tub, which are surrounded by a spacious deck, as well as a pool cabana, which has a full bathroom, changing rooms and a sauna. There’s also multiple balconies, decks and a screened porch overlooking the pool, striking a balance between indoor and outdoor living.
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BNW Developments has established a Sydney presence, joining Arada and Sobha Realty among the growing number of UAE developers pursuing Australian buyers and development opportunities.
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BNW Developments has established a Sydney presence, joining Arada and Sobha Realty among the growing number of UAE developers pursuing Australian buyers and development opportunities.
3 min
A growing number of major UAE property groups are turning their attention to Australia, with BNW Developments the latest to establish a local presence.
BNW has officially opened a Sydney office after hosting more than 300 investors, property professionals, wealth advisers and industry figures at its launch event.
The new office will give Australian buyers local access to BNW’s portfolio of residential and hospitality-led developments in Dubai and Ras Al Khaimah. Its projects include branded residences and waterfront developments combining private homes with hospitality, dining, leisure and tourism facilities.
BNW has an AED32 billion development pipeline, equivalent to approximately $12 billion, spanning projects in Dubai and Ras Al Khaimah. Its portfolio includes developments associated with Tonino Lamborghini, Radisson Blu and Wyndham Hotels & Resorts.
Among them is Tonino Lamborghini Residences in Ras Al Khaimah. BNW is also active on Al Marjan Island, the waterfront destination where the Wynn Al Marjan Island integrated resort is under development.
The developer recently announced Dolce Residences in partnership with Wyndham Hotels & Resorts. Billed as the world’s first residences carrying the Dolce name, the boutique Al Marjan Island project is planned to include 93 premium residences and five retail tenancies.
BNW Developments chairman and founder Dr Ankur Aggarwal said attendance at the Sydney launch indicated that Australians were increasingly interested in the UAE as both a property and lifestyle destination.
“The response to the opening of our Sydney office has been extremely encouraging,” he said.
“Dubai and Ras Al Khaimah offer a very different lifestyle proposition to Australia, from waterfront living and luxury hospitality to world-class dining, entertainment and tourism.”
Dr Aggarwal said the Sydney office would allow buyers to examine BNW’s portfolio locally and work with a team familiar with the Australian market.
The move comes as Australia attracts increasing interest from UAE-based developers seeking opportunities beyond their home market.
Arada entered Australia in 2024, initially announcing a $2.5 billion Sydney pipeline expected to deliver more than 2,500 homes. Its Australian plans have since expanded to eight projects comprising more than 5,000 homes, including a recently announced twin-tower development at Broadbeach on the Gold Coast.
The company has also acquired the NSW arm of tier-one contractor Roberts Co, giving it greater control over construction and delivery as it builds its Australian business. Globally, Arada says its portfolio of existing and future developments across the UAE, Australia and the United Kingdom is valued at AED130 billion.
Dubai-headquartered Sobha Realty is also laying the foundations for a substantial Australian presence. The developer has established local operations and acquired sites in Sydney and Queensland, describing its entry as a long-term commitment to the market.
Sobha has expressed interest in opportunities across Brisbane, the Gold Coast and Sunshine Coast, while its Australian website says new projects will be announced shortly. The expansion follows AED30 billion in global sales during 2025 and forms part of a wider international growth strategy encompassing Australia and the United States.
BNW’s Sydney opening reflects both the international ambitions of UAE developers and growing Australian awareness of the Emirates’ property market.
While the UAE and Australian markets differ considerably, the arrival of BNW, Arada and Sobha points to a broader exchange of capital, expertise and buyers between the two countries. For Australians considering offshore property, the opening of local offices may also make it easier to assess projects, understand the purchasing process and undertake appropriate due diligence before committing.
