521 East Lake Drive

Property Description

Discover one of Montauk Harbor's most extraordinary waterfront offerings-a rare and magical opportunity to create a legacy compound unlike any other. Spanning approximately 7 acres across four distinct parcels, this exceptional property combines two residential lots and two waterfront commercial parcels, presenting a truly unique blend of privacy, development potential, and direct harbor frontage. The offering includes two undeveloped parcels, providing a blank canvas for future vision. A third parcel features a charming traditional two-bedroom, one-bathroom cottage with modern comforts including central air conditioning, central vacuum, and ample room to add a pool. The fourth parcel is a one-of-a-kind waterfront property with multiple structures and commercial-grade deep-water docks. Improvements include a remarkable overwater barn, a two-bedroom, one-bathroom apartment with a garage below, a historic packing house, a lookout tower ideal for an office or studio, and an older cottage-each contributing to the property's distinctive character and rich maritime heritage. Whether envisioned as a private waterfront estate, a multi-generational family compound, or an extraordinary investment, opportunities of this scale, flexibility, and authenticity on Montauk Harbor are exceptionally rare. This is a property that captures the spirit of old Montauk while offering limitless possibilities for the future.

Overview

Property Status

For Sale

Lot Size

6.89 Acres

MLS ID

11835082

Property Type

Residential

Year Built

1963

Are you interested?

Schedule a Tour

Chris Coleman

(516) 445-1513 [email protected]

Features & Amenities

Neighborhood

Montauk

Water Frontage

Lake Front, Harbor

View Description

Scenic, Lake, Harbor

Stories

Heat Type

Forced Air

Sewer

Septic Tank

School District

000000

Sales Price

$19,950,000

Real Estate Tax

$61,654/yr

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

In Person

Via Video Chat

Your full name*

Your Phone*

E-mail Address*

Middle Name

I agree to be contacted by Montauk Coleman via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy.

Change time

Thank you

for your interest in 521 East Lake Drive, Montauk, NY 11954

Browse Our

Featured Properties

For Sale
$24,000,000

5 Spaeth Lane, East Hampton, NY 11937
- 6 Beds
- 5 Baths
- 3,700 Sq.Ft.
For Sale
$19,950,000

521 East Lake Drive, Montauk, NY 11954
- 6 Beds
- 5 Baths
- 2,000 Sq.Ft.
For Sale
$14,500,000

70 Kettle Hole Road, Montauk, NY 11954
- 6 Beds
- 6.5 Baths
- 6,000 Sq.Ft.
For Sale
$12,995,000

5 Oceanview Terrace, Montauk, NY 11954
- 4 Beds
- 5 Baths
- 3,000 Sq.Ft.
For Sale
$9,790,000

6 Tara Road, Montauk, NY 11954
- 4 Beds
- 5 Baths
- 4,000 Sq.Ft.
For Sale
$9,495,000

7 Ashwood Court, Amagansett, NY 11930
- 8 Beds
- 9.5 Baths
- 9,070 Sq.Ft.
For Sale
$6,950,000

278 West Lake Drive, Montauk, NY 11954
- 4 Beds
- 4 Baths
- 3,575 Sq.Ft.
For Sale
$5,350,000

11 East Harbor Drive, Sag Harbor, NY 11963
- 3 Beds
- 2 Baths
- 1,900 Sq.Ft.
For Sale
$4,995,000

58 Firestone Road, Montauk, NY 11954
- 4 Beds
- 3 Baths
- 2,500 Sq.Ft.
For Sale
$4,500,000

22 Caswell Road, Montauk, NY 11954
- 4 Beds
- 3 Baths
- 2,158 Sq.Ft.
For Sale
$3,950,000

272 Old Montauk Highway 805, Montauk, NY 11954
- 1 Bed
- 2 Baths
- 1,181 Sq.Ft.
For Sale
$3,700,000

32 Ditch Plains Road, Montauk, NY 11954
- 4 Beds
- 3 Baths
- 1,500 Sq.Ft.
Active Under Contract

$2,900,000

6 Fort Lane, Montauk, NY 11954
For Sale
$2,750,000

30 Hoppin Avenue, Montauk, NY 11954
- 3 Beds
- 3 Baths
- 1,900 Sq.Ft.
For Sale
$2,600,000

39 Adams Drive, Montauk, NY 11954
- 3 Beds
- 4 Baths
- 1,652 Sq.Ft.
For Sale
$2,395,000

33 Agnew Avenue, Montauk, NY 11954
- 3 Beds
- 2 Baths
For Sale
$1,950,000

126 Fairview Avenue, Montauk, NY 11954
- 3 Beds
- 3 Baths
- 2,200 Sq.Ft.
For Sale
$1,850,000

144 Greenwich Street, Montauk, NY 11954
- 3 Beds
- 2 Baths
- 1,500 Sq.Ft.
For Sale

$1,690,000

26 Seaside Avenue, Montauk, NY 11954
For Sale

$1,200,000

21 Seaside Avenue, Montauk, NY 11954
For Sale

$1,050,000

664 Montauk Highway, Montauk, NY 11954
For Sale

$949,000

30 South Dewey Place, Montauk, NY 11954
For Sale
$799,000

170 Little Fresh Pond, Southampton, NY 11968
- 2 Beds
- 1 Bath
- 500 Sq.Ft.
For Sale
$636,027

108 South Emerson Drive, Unit 491, Montauk, NY 11954
- 1 Bed
- 1 Bath
- 220 Sq.Ft.
For Sale
$595,000

2178 Highway, #73, Montauk, NY 11954
- 1 Bed
- 1 Bath
- 497 Sq.Ft.
Active Under Contract
$580,000

16 Navy Road, Unit 202, Montauk, NY 11954
- 1 Bed
- 1 Bath