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$ 3,500,000
Est. payment /mo
Active
127 Inlet RD Hampton Bays, NY 11946
0.8 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 968703
Rental Info No
Year Built 1989
Annual Tax Amount $5,977
Lot Size 0.800 Acres
Acres 0.8
Property Sub-Type Multi Family
Source onekey2
Property Description
Presenting a rare opportunity to acquire a compound enclave just 100 yards from beach access to Peconic Bay. Located at 127 Inlet Road West, at the gateway to Southampton, this property comprises five free-standing residences on a beautifully landscaped 0.80-acre parcel. The compound is anchored by a four-bedroom, three-bath main house, complemented by four additional residences: Cottage 1 (two bedrooms/one bath), Cottage 2 (one bedroom/one bath), Cottage 3 (two bedrooms/one bath), and Cottage 4 (two bedrooms/one bath). Each residence is year-round, renovated, well-appointed, separately metered, and offers private outdoor space. Shared amenities include an outdoor shower, multiple garden lounge areas, a productive vegetable and fruit garden, ample storage sheds for bikes and kayaks, shared laundry facilities, and three large parking areas. The property has a long rental income history, with several units offered fully furnished. Importantly, historical rents achieved at this compound were significantly higher than current levels, underscoring the potential for strong upside through repositioning, management optimization, or targeted marketing. This makes the asset particularly attractive for investors seeking value-add opportunities in a high-demand location. With its proximity to Peconic Bay, flexible unit mix, and established rental track record, the compound is well-suited for a variety of uses including a boutique bed and breakfast, year-round rental investment, wellness retreat, or compound. The property is located in the Hamlet of Shinnecock Hills within the Tuckahoe School District.
This listing may include images that have been digitally altered or virtually staged. Original, unedited images are available upon request.
This listing may include images that have been digitally altered or virtually staged. Original, unedited images are available upon request.
Location
State NY
County Suffolk County
Rooms
Basement Common
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Driveway, Off Site
Utilities Available None
Building
Sewer Cesspool
Water Public
Structure Type Cedar,Shingle Siding
Others
Special Listing Condition None
Listed by Douglas Elliman Real Estate • Estefania E. Zuluaga
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