An amazing rare Waterfront development or turnkey with 22 waterfront cottages, studio apartments and a main house. An incredible offer of 3.2 acres, in the Hamptons, bordered by 241 feet of private, sandy beach on Cold Spring Pond. It has a large dock and protective bulkhead, easy water access to Peconic Bay and the Intra-costal waterway. This commercial property includes features such as an expansive lawn, a 25' x 50' heated pool surrounded by 15' decking on all sides, ample parking on site and more. It is located close to Montauk Hwy., with short drives to local villages and ocean beaches. People staying or residing here enjoy year round spectacular waterfront sunsets that makes the Hamptons famous in a private bucolic setting.A truly unique and rare property with opportunity for expansion or potential for condos / co-ops.