A simply unparalleled vision of elegant estate living awaits in Amagansett, offering a stunning 10,000 +/- sq. ft. modern farmhouse on 5 acres overlooking 5 acres of agricultural reserve, plans for expansion, plus the rare opportunity to build a second 10,000 +/- sq. ft. estate for a total of 20,000 +/- sq. ft. Sited on a private hilltop vantage, luxury living abounds, surrounded by acres of bucolic preserve in Amagansett's Estate Section this two-factor opportunity cannot be replicated anywhere in the Town of East Hampton. The existing 5-bedroom modern farmhouse home has architectural plans for expansion with 2 more bedrooms, plus a formal dining room, sunroom, and large screened-in porch. Additionally, the SCHD has approved an upgraded septic for up to 10 bedrooms. Moreover, the opportunity to build a new, equally impressive second 10,000 sq. ft. estate in Amagansett is unheard of in the Hamptons. Every detail of this impeccable cedar shingle retreat has been curated to maximize indoor/outdoor space and utilize natural light throughout the year. Elegantly entertain with a grand eat-in kitchen, dining room, movie theater, wine-tasting room, and a private wood-paneled library. Outdoor living and entertaining are emphasized by a luxurious custom 625 +/- sq. ft. pavilion with a magnificent fieldstone fireplace and western-facing 20'x50' gunite pool and spa, as well as a fenced vegetable garden. Highlighting the natural beauty, the home boasts 1,276 +/- sq. ft. of covered porches and 2 upper-level balconies overlooking the reserve to the south. This amazing property offers endless reserve views, horseback riding, a vegetable garden, all modern luxury amenities, and is adjacent to Balsam Farm and the magnificent Amagansett trail system. Private access to nature and equestrian adventures, plus world-famous ocean beaches and Village living, make this the ultimate dream home for relaxation and rejuvenation in the Hamptons for generations.