A rare East Hampton North compound opportunity — fully subdivided and ready for your vision. Just minutes from East Hampton Village and the ocean, this unique two-lot package pairs an inviting 3-bedroom, 1-bath cottage with full basement on 0.82 acre (120' × 297') with a separately subdivided rear parcel of 0.55 acre (120' × 200'). Together, the properties span nearly 1.37 acres, offering an exceptional canvas for creating a true Hamptons retreat. The residence is comfortable and light-filled as-is, with potential for expansion, while the rear lot offers room for a pool, guest house, or new construction. The property will be delivered fully subdivided at closing, giving buyers flexibility from day one. All site improvements and building permits will be the responsibility of the purchaser. The location is second to none — within minutes of Main Beach, consistently ranked among the nation's best, as well as the serene sands of Georgica, Egypt, Wiborg, and Two Mile Hollow Beaches. East Hampton's Main Street Village is equally close, offering luxury boutiques, fine dining, art galleries, and cultural institutions that define the Hamptons lifestyle. Whether you choose to preserve the charm of the existing cottage, expand into a compound, or build anew, this property represents a rare chance to secure two legally subdivided parcels in one of East Hampton's most desirable settings — at a price point well below the area's median.