35 Gardners Lane, Hampton Bays, NY, 11946
8 rooms
4 beds
5 Full baths
1992
Other
5,136 sqft
Presenting a rare investment opportunity in Hampton Bays, this waterfront multifamily compound offers direct Shinnecock Bay views on Penny Pond with 80 feet of frontage, a 40-foot dock, and sandy beach access. Situated on 0.44 acres, the property features multiple income-producing structures, including a two-bedroom, two-bath main house with cathedral ceilings, a gourmet kitchen, and a living room with a fireplace. The asset also includes a two-bedroom cottage and a one-bedroom studio located above a detached two-car garage, with several units separately metered to provide flexibility for year-round rental income. Architectural plans and approvals are already in place to renovate and expand existing structures, which include a separate guest cottage and an 18-foot-by-36-foot gunite pool. Key property features include extensive landscaped grounds with a sprinkler system. This versatile property allows investors to reposition it as a boutique rental compound, operate it as a seasonal retreat, or redevelop it into a luxury waterfront estate. Located just minutes from ocean beaches at the gateway to the Hamptons, both homes are also available for lease.
Status:
Active
Type:
Single-family residential
Frontage:
80 feet
Heating:
Baseboard, Oil
Cooling:
Wall/Window Unit(s)
Basement:
Crawl Space
Parking:
Other
Acreage:
0.44
Assessment
$818,900
Construction
Vinyl Siding
Utilities
Cable Available, Electricity Available
Waterfront:
Yes
Elementary School:
Hampton Bays Elementary School
Middle School:
Hampton Bays Middle School
High School:
Hampton Bays High School
School District:
Hampton Bays
Days on Market:
15
Appliances:
Dishwasher, Microwave, Oven, Refrigerator
MLS #:
993209
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Douglas Elliman Real Estate 631-288-6244