Fantastic opportunity to own a gut-renovated waterfront property with a wide sandy beach on Lake Montauk. Tucked off the road, the sprawling property boasts a 3,500 sq ft home, fully renovated in 2016 with stylish living spaces throughout. A perfect setting for future development, this property presents a unique opportunity to live here as is or develop the property as desired up to +/- 5,000 sq ft with the potential to add a pool. The existing home's main living areas are open and airy with walls of glass overlooking the water. The kitchen has been updated with stainless steel appliances, breakfast area, center island, bar area with wine fridge, ice maker, and plenty of storage, flanked by a spacious dining area, all of which overlook the lake. The living room has double-height ceilings, a stone fireplace, and folding glass doors that open to a gorgeous deck perfect for outdoor dining and lounging on the waterside. The south side of the home's interior features the luxe master suite with its own private bath, an office, a walk-in closet, and access to the outdoor deck. Two guest bedrooms and a full bathroom are also found on this side of the home. Down the hall, there is a laundry closet, a full bathroom, and a private guest bedroom with its own access outdoors. The exterior has been perfectly landscaped and features an outdoor shower, hot tub, and plenty of lounge areas. Don't miss this unique waterfront opportunity!
Sold for $7,000,000
$7,000,000
248 W Lake Dr, Montauk, NY 11954
4beds
3,500sqft
Single Family Residence
Built in 1985
1.15 Acres Lot
$6,878,600 Zestimate®
$2,000/sqft
$6,893 Estimated rent
Home value
$6,878,600
$5.85M - $7.91M
$6,893/mo
Zestimate® history
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$6,893/mo
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$6,893/mo
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$48,637/mo
Est. payment
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Source: Out East,MLS#: 364113
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Rooms
- Room types: Laundry, Office
Cooling
- Central Air
Features
- Has basement: Yes
- Has fireplace: Yes
Interior area
- Total structure area: 3,500
- Total interior livable area: 3,500 sqft
Property
Parking
- Parking features: None
Features
- Stories: 1
Lot
- Size: 1.15 Acres
Details
- Parcel number: 0300012000400025000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1985
Community & HOA
Location
- Region: Montauk
Financial & listing details
- Price per square foot: $2,000/sqft
- Tax assessed value: $14,350
- Date on market: 9/11/2023
- Lease term: Contact For Details
Price history
| Date | Event | Price |
|---|---|---|
| 10/5/2023 | Sold | $7,000,000-4.8%$2,000/sqft |
Source: Agent Provided Report a problem | ||
| 8/4/2023 | Pending sale | $7,350,000$2,100/sqft |
Source: Out East #364113 Report a problem | ||
| 7/19/2023 | Listed for sale | $7,350,000-2%$2,100/sqft |
Source: Out East #364113 Report a problem | ||
| 11/7/2022 | Listing removed | -- |
Source: Out East Report a problem | ||
| 3/8/2022 | Listed for sale | $7,500,000+59.6%$2,143/sqft |
Source: Out East #364113 Report a problem | ||
| 8/25/2021 | Listing removed | -- |
Source: Out East Report a problem | ||
| 8/1/2021 | Price change | $120,000+20%$34/sqft |
Source: Out East #358282 Report a problem | ||
| 5/21/2021 | Listed for rent | $100,000+122.2%$29/sqft |
Source: Out East #358282 Report a problem | ||
| 5/20/2021 | Sold | $4,700,000-4.1%$1,343/sqft |
Source: Agent Provided Report a problem | ||
| 5/8/2021 | Pending sale | $4,900,000$1,400/sqft |
Source: Out East #356778 Report a problem | ||
| 3/4/2021 | Listed for sale | $4,900,000+40%$1,400/sqft |
Source: Compass #356778 Report a problem | ||
| 2/29/2016 | Sold | $3,500,000-9.1%$1,000/sqft |
Source: Public Record Report a problem | ||
| 10/23/2015 | Listing removed | $45,000$13/sqft |
Source: The Corcoran Group #57203 Report a problem | ||
| 10/15/2015 | Listed for rent | $45,000-59.1%$13/sqft |
Source: The Corcoran Group #57203 Report a problem | ||
| 6/28/2015 | Listed for sale | $3,850,000+294.9%$1,100/sqft |
Source: The Corcoran Group #53105 Report a problem | ||
| 5/8/2015 | Listing removed | $110,000$31/sqft |
Source: The Corcoran Group #57203 Report a problem | ||
| 4/24/2015 | Listed for rent | $110,000$31/sqft |
Source: The Corcoran Group #57203 Report a problem | ||
| 11/19/1999 | Sold | $975,000$279/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $14,350 |
| 2024 | -- | $14,350 |
| 2023 | -- | $14,350 |
| 2022 | -- | $14,350 |
| 2021 | -- | $14,350 |
| 2020 | -- | $14,350 |
| 2019 | -- | $14,350 |
| 2018 | -- | $14,350 +2.5% |
| 2017 | $13,689 | $14,000 |
| 2016 | -- | $14,000 |
| 2015 | -- | $14,000 |
| 2014 | -- | $14,000 |
| 2013 | -- | $14,000 |
| 2012 | -- | $14,000 |
| 2011 | -- | $14,000 |
| 2007 | $10,682 +15.8% | $14,000 |
| 2005 | $9,223 +4.1% | $14,000 |
| 2004 | $8,862 -0.3% | $14,000 |
| 2003 | $8,893 +2.3% | $14,000 |
| 2002 | $8,693 | $14,000 |
Find assessor info on the county website
Neighborhood: 11954
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Nearby schools
GreatSchools rating
- 7/10Montauk SchoolGrades: PK-8Distance: 2.1 mi
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Estimated market value
$6,878,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$6,878,600
- New York
- Suffolk County
- Montauk
- 11954
- 248 W Lake Dr