This 2.3 waterfront estate, dubbed Rose Hill Point, is located in Water Mill, NY and is situated on 2.3 acres overlooking Mecox Bay. It features 365 of waterfront and includes a boat dock and your very own private island! It is owned by Andrew Zaro, Chairman of Cavalry Portfolio Services (and second largest consumer of water in the Hamptons). The approximately 15,000 square foot mansion features 7 bedrooms, 12 full and 1 half bathrooms, dramatic entry foyer, great room, dining room, gourmet kitchen with small adjoining living room, sunroom, home theater, gym and a recreational room which includes billiards, table tennis, darts, arcade games, full wet bar and wine cellar. The lavish master suite features his-and-hers bathrooms and walk-in closets, living room, fur vault and an octagonal office with 180 degree bay view. Outdoor features include two fireplace, large covered terrace, BBQ area and an infinity edge swimming pool with spa. It is listed just shy of $40 million at $39,995,000.