Hamptons Real Estate Online You can see it all from here

Montauk
$16,995,000
beds: 2
baths: 1
est. 2,000 sq. ft.
est. 6.89 acres
bayfront-harborfront
traditional
CAC
heat: gas
room for pool
room for tennis


Gary DePersia
Corcoran Group Real Estate
East Hampton Office
(631) 899-0215
(516) 380-0538 mobile
gdp@corcoran.com


IN # 32737
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521 East Lake Drive, MONTAUK (North of Highway)
MONTAUK WATERFRONT COMPOUND
Spanning nearly 7 acres across 4 separate, southwest facing, waterfront parcels, a singular harbor front opportunity has just emerged from the cool waters of very hot Montauk. This offering includes a beautifully built 2 bedroom cottage of recent vintage on almost 1.5 acres that could become the gate house for an assemblage of properties that includes an adjacent 1.4 acre vacant building parcel. The centerpiece of this grouping is a nearly 1.5 acre parcel that includes the Packing House where tuna was once packaged and shipped overseas atop which sits a 2 bedroom apartment. The Tower building, to its right, offers storage, bathroom facilities, a 4 bay garage and an office above which overlooks the harbor. A small multi-use building sits just behind. One hundred fifty feet of dock reaches out to a unique barn-like boat house surrounded by additional docking on 3 sides. Adding to this sprawling compound is a vacant 2.75 acre lot to the North with additional possibilities for development. Certainly you could explore the commercial potential which includes the bottom rights beneath the harbor, but a boating enthusiast might consider this the perfect opportunity to create the ultimate waterfront oasis accessible by land, sea and air, as the Montauk Airport is just down the road. With multiple uses, southwest exposure, brilliant sunsets and the entrance from Lake Montauk to Long Island Sound and the open waters of the Atlantic Ocean only a few hundred yards away, this compound should be previewed today before it escapes on the next tide.  #120932
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