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521 East Lake Drive

Montauk Waterfront Compound Montauk
$16,995,000
  • Annual Taxes $48,000
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Mortgage Terms (years)

5 7 15 20 30

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  • Traditional
    2 Bedrooms   1 Bathroom

Essentials

  • Price$16,995,000
  • StyleTraditional
  • Bedrooms2
  • Bathrooms1
  • Stories2
  • Approx. Sq. Ft.2,000
  • Acreage6.89
  • Year Built2006

Key Features

  • Bayfront
  • Room for a pool
  • Room for tennis
  • Central air
  • Beach rights
  • Breakfast area
  • Dock
  • Docking rights
  • Eat-in kitchen
  • Laundry room
  • Loft
  • Private setting
  • Water access

    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.

    Take a Video Tour

    Bayfront, Room for a pool, Room for tennis, Central air, Beach rights, Breakfast area, Dock, Docking rights, Eat-in kitchen, Laundry room, Loft, Private setting, Water access
    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.

    Agent  Ask me a question

    Gary DePersia
    Gary DePersia Licensed Associate RE Broker m (516) 380-0538 p (631) 899-0215 gdp@corcoran.com Email Me See my 65 other sale listings

    Press Mentions

    Curbed Montauk Entenmann’s Compound Price Gets Sliced Friday, September 2, 2016
    Newsday Second Entenmann property comes on market Thursday, August 14, 2014
    Corcoran

    Montauk

    Montauk

    The final gem in the string of jewels that form the East End is Montauk.

    Built on a peninsula, Montauk has miles of pristine white sands and ocean waves perfect for surfing. Fishing here is more a way of life than a sport. Montauk is also where you come when you want to experience the everyday spectacle of spotting whales and seals. With more than 5,000 acres of protected habitats, Montauk is an utter profusion of nature's bounty by sea or by land.

    Explore Montauk

    What's In The Area

    Driving Walking
    • Restaurants (10)
    • Banks (6)
    • Bars - Clubs (4)
    • Beverages (4)
    • Boating (10)
    • Clothing and Accessories (10)
    • Dance and Theater (1)
    • Grocery Stores and Markets (5)
    • Health Clubs and Spas (1)
    • Home and Garden (3)
    • Laundries - Cleaners (1)
    • Movie Theaters (1)
    • Pharmacies (1)
    • Retail Shops and Markets (7)
    • Spas - Beauty (2)
    • Water Activities (3)
    • Grocery Stores and Markets (5)
    • Banks (6)
    • Bars - Clubs (4)
    • Beverages (4)
    • Boating (10)
    • Clothing and Accessories (10)
    • Dance and Theater (1)
    • Health Clubs and Spas (1)
    • Home and Garden (3)
    • Laundries - Cleaners (1)
    • Movie Theaters (1)
    • Pharmacies (1)
    • Restaurants (10)
    • Retail Shops and Markets (7)
    • Spas - Beauty (2)
    • Water Activities (3)
    • Health Clubs and Spas (1)
    • Banks (6)
    • Bars - Clubs (4)
    • Beverages (4)
    • Boating (10)
    • Clothing and Accessories (10)
    • Dance and Theater (1)
    • Grocery Stores and Markets (5)
    • Home and Garden (3)
    • Laundries - Cleaners (1)
    • Movie Theaters (1)
    • Pharmacies (1)
    • Restaurants (10)
    • Retail Shops and Markets (7)
    • Spas - Beauty (2)
    • Water Activities (3)
    • Banks (6)
    • Bars - Clubs (4)
    • Beverages (4)
    • Boating (10)
    • Clothing and Accessories (10)
    • Dance and Theater (1)
    • Grocery Stores and Markets (5)
    • Health Clubs and Spas (1)
    • Home and Garden (3)
    • Laundries - Cleaners (1)
    • Movie Theaters (1)
    • Pharmacies (1)
    • Restaurants (10)
    • Retail Shops and Markets (7)
    • Spas - Beauty (2)
    • Water Activities (3)

    521 East Lake Drive

    Montauk Waterfront Compound Montauk
    $16,995,000
    • Annual Taxes $48,000
     What will this home cost?
    Calculator Fin

    What will this cost?

    Close
    $

    Mortgage Terms (years)

    5 7 15 20 30

    Interest Rate

    0%

    Percent Down

    0% ($0)
    • Traditional
      2 Bedrooms   1 Bathroom
    map

    Overview

    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.

    Agent  Ask me a question

    Gary DePersia Licensed Associate RE Broker m (516) 380-0538 p (631) 899-0215 gdp@corcoran.com Email Me See my 65 other sale listings

    Press Mentions

    Curbed Montauk Entenmann’s Compound Price Gets Sliced Friday, September 2, 2016
    Newsday Second Entenmann property comes on market Thursday, August 14, 2014

    Essentials

    • Price$16,995,000
    • StyleTraditional
    • Bedrooms2
    • Bathrooms1
    • Stories2
    • Approx. Sq. Ft.2,000
    • Acreage6.89
    • Year Built2006

    Key Features

    • Bayfront
    • Room for a pool
    • Room for tennis
    • Central air
    • Beach rights
    • Breakfast area
    • Dock
    • Docking rights
    • Eat-in kitchen
    • Laundry room
    • Loft
    • Private setting
    • Water access

      All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer. Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker. Owned and operated by NRT LLC.

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