- Bedrooms: 4
- Bathrooms: 5
- Parking: 1
- Size: 477.15 m²
- Price: $1,850,000
Presenting a rare investment opportunity in Hampton Bays, this waterfront multifamily condominium offers direct Shinnecock Bay views on Penny Pond, featuring 80 feet of water frontage, a 40-foot dock, and sandy beach access. Situated on 0.44 acres (approximately 19,150 sq ft), the property boasts multiple income-generating structures, including a two-bedroom, two-bathroom main house with high 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 multiple units having individual meters to provide flexibility for year-round rental income. Architectural plans and approvals are already in place to renovate and expand the existing structures, which include a separate guest cottage and a 18' x 36' gunite pool (approximately 648 sq ft). Key property features include extensive landscaped grounds with an irrigation system. This versatile property allows investors to reposition it as a boutique rental condominium, operate it as a seasonal retreat, or redevelop it into a luxury waterfront estate. Located minutes from ocean beaches at the gateway to the Hamptons, both