Situated within Hampton Bay's beautiful Red Creek area lies a 1.54 acre site assemblage that looks out over Squires Pond onto the Great Peconic Bay. There are 2 detached dwellings with special pre-existing zoning rights, both tastefully renovated w/ vaulted ceilings, hardwood & slate tile floors, central air, Andersen windows & glass sliders. The larger dwelling consists of a living room, kitchen, bedroom, bathroom, open loft storage space, wood deck, and two separate basements. The smaller dwelling has a full bathroom & can be used as either a guest cottage, office or artist studio. The detached 2-car garage offers a heated workshop and large upper storage loft. This unique opportunity offers over 200 feet frontage on bucolic Squires Pond, perfect as a compound with room to expand the existing site structures or complete a 2-lot minor subdivision. Or Build Your Dream Home in this private setting. This rare waterfront gem is located nearby Peconic Bay Beaches at East & West Landings.