Discover a rare investment compound just 100 yards from Peconic Bay beach access at the gateway to Southampton.


Property

Website: https://www.nestseekers.com/5447895
Address:
Southampton, NY 11946
Ownership: For Sale
Type: Single Family
Rooms: 8
Bedrooms: 4 BR
Bathrooms: 3
Lot Size: 0.8 Acres

Financials

Price:$3,500,000

Description

Discover a rare investment compound just 100 yards from Peconic Bay beach access at the gateway to Southampton. Situated on a beautifully landscaped 0.80-acre parcel in the Hamlet of Shinnecock Hills, this unique property features five free-standing, year-round residences: a 4-bedroom, 3-bath main house and four additional renovated cottages (three 2-bedroom units and one 1-bedroom unit). Each residence is well-appointed, separately metered, and offers private outdoor space, ensuring low owner overhead and high tenant satisfaction. Shared amenities include an outdoor shower, lush garden lounge areas, a productive vegetable/fruit garden, and ample storage for bikes and kayaks, supported by three large parking areas and shared laundry. With a robust rental history and significant upside for repositioning as a boutique retreat, B&B, or high-end rental compound, this asset delivers immediate cash flow and long-term value-add potential. Located within the Tuckahoe School District with incredibly low annual taxes of approximately $5,977. Minutes from world-class dining, transportation, and ocean beaches, this is a premier East End portfolio piece. Some images have been virtually staged; unedited photos available upon request.

Amenities

  • Other

Contact

25 Nugent Street, Southampton, NY 11968, USA
Listing Courtesy of Douglas Elliman Real Estate