521 East Lake Drive, Montauk, NY 11954

$19,950,000
Active for Sale
6 Beds
3F 2H Baths
2000 SF
Built In 1963
 
Listing ID 933487
Property Type House
Township East Hampton
Hamlet Montauk
Total Tax $61,654
Tax ID 0300-006.000-02-007.000
FEMA Flood Map fema.gov/portal
Year Built 1963
Associated Documents
 
Virtual Tour

SEIZE THE OPPORTUNITY - MONTAUK WATERFRONT

Discover one of Montauk Harbor's most extraordinary waterfront offerings-a rare and magical opportunity to create a legacy compound unlike any other. Spanning approximately 7 acres across four distinct parcels, this exceptional property combines two residential lots and two waterfront commercial parcels, presenting a truly unique blend of privacy, development potential, and direct harbor frontage. The offering includes two undeveloped parcels, providing a blank canvas for future vision. A third parcel features a charming traditional two-bedroom, one-bathroom cottage with modern comforts including central air conditioning, central vacuum, and ample room to add a pool. The fourth parcel is a one-of-a-kind waterfront property with multiple structures and commercial-grade deep-water docks. Improvements include a remarkable overwater barn, a two-bedroom, one-bathroom apartment with a garage below, a historic packing house, a lookout tower ideal for an office or studio, and an older cottage-each contributing to the property's distinctive character and rich maritime heritage. Whether envisioned as a private waterfront estate, a multi-generational family compound, or an extraordinary investment, opportunities of this scale, flexibility, and authenticity on Montauk Harbor are exceptionally rare. This is a property that captures the spirit of old Montauk while offering limitless possibilities for the future.
Property Details
  • 6 Total Bedrooms
  • 3 Full Baths
  • 2 Half Baths
  • 2000 SF (AG)
  • 6.89 Acres
  • Built in 1963
  • Renovated 2008
  • 2 Stories
  • Traditional Style
Interior Features
  • Hardwood Flooring
  • Living Room
  • Den/Office
  • Kitchen
  • First Floor Bathroom
  • 1 Fireplace
  • Forced Air
  • Gas Fuel
  • Central A/C
Exterior Features
  • Frame Construction
  • Private Septic
  • Screened Porch
  • Room For Pool
  • Room For Tennis
  • Survey
  • Guest House
  • Studio
  • Water View
  • Lake View
  • Harbor View
  • Scenic View
  • Lake Waterfront
  • Harbor Waterfront
  • Access Waterfront
  • Dock Rights Waterfront
  • Dock Waterfront
  • Water Frontage: 488 feet
Taxes and Fees
  • $61,654 Total Tax
Listed By
Compass
Office: 631-668-2000
Mobile: 516-445-1513
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