431 East Lake Drive, 433 East Lake Drive, & 435 East Lake Drive MONTAUK (South of Highway)

IN # 45201
Rare offering: This 11+/- acre waterfront resort-zoned commercial property in Montauk includes 5+/- upland acres with a large restaurant, completely renovated boutique hotel and a waterfront home with sunset views. The expandable marina with 500+/- feet of new bulkhead and docks (2012) currently shares the 6+/- underwater acres. The 90+/- foot sandy beach offers kayaking, sailing and stand-up paddling. The site includes a waterfront bar, outdoor covered seating and huge lot with 150 parking spaces. The flat and expansive waterfront lawn enables large-scale private events. The existing hotel was completely renovated in 2015. The marina's new finger docks have individual electric meters and deep water for larger boats. This unique opportunity is zoned Resort (RS), enabling a new owner to create a hotel, marina and restaurant in a 28,000+/- sq. ft. building envelope. Perfectly positioned, sunny all day and southwest facing with tremendous possibilities, this property is an extraordinary Montauk find. With its convenience to those privately flying in, its proximity to the Montauk Airport adds to its compelling exclusive upside. Call or come see this unique waterfront commercial offering!
Listing Details
Town: Montauk
Price: $16,000,000
Bedrooms: 1
Bathrooms: 1
Estimated Sq. Ft. 90,000
Acres: 11.00
View: Pondfront-lakefront
Style: Ranch
Central A.C.: Yes
Heat: Oha
Pool: No
Tennis: No
South of the highway