Rare opportunity to own and experience a piece of a bygone era in East Hampton. Once owned by abstract expressionist Nick Carone and frequented by his contemporaries, including Willem de Kooning, who rented the house and studio while his nearby studio was constructed. This one-acre water view property includes a historic three-bedroom, three-bathroom cottage, an accessory structure with grandfathered plumbing currently used as an artist's studio, and a one-car garage/workshop is on the market for the first time since 1838. Full of charm, the cottage features beautiful stencil work on its walls and staircase by renowned artists Lord & Bishop, as well as an authentic wood fired bread/pizza oven. With room for expansion and a pool, this water view property has much untapped potential. Multi-generational compound possibilities - two more one-acre adjacent lots could be available for a total of a 3-lot compound. Close to Bayfront access, waterfront dining and boating and within quick striking distance to Amagansett Ocean beaches and town. Taxes are $4,300/yearly.