Discover a rare investment compound just 100 yards from Peconic Bay beach access at the gateway to Southampton.
| Website: | https://www.nestseekers.com/5447895 |
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| Address: | Southampton, NY 11946 |
| Ownership: | For Sale |
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| 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
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25 Nugent Street, Southampton, NY 11968, USA
Phone: +1 631-287-9260
Fax: +1 631-287-9261
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| Listing Courtesy of Douglas Elliman Real Estate | |