Skip main navigation
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
    Loading
    Loading...

    Owner options

    List your home for rent

    $6,893/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $6,893/mo

    Rent Zestimate®

    Refinance and save

    $48,637/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $48,637/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    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!

    Zillow last checked:

    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

    DateEventPrice
    10/5/2023Sold$7,000,000-4.8%$2,000/sqft
    Source: Agent Provided Report a problem
    8/4/2023Pending sale$7,350,000$2,100/sqft
    Source: Out East #364113 Report a problem
    7/19/2023Listed for sale$7,350,000-2%$2,100/sqft
    Source: Out East #364113 Report a problem
    11/7/2022Listing removed--
    Source: Out East Report a problem
    3/8/2022Listed for sale$7,500,000+59.6%$2,143/sqft
    Source: Out East #364113 Report a problem
    8/25/2021Listing removed--
    Source: Out East Report a problem
    8/1/2021Price change$120,000+20%$34/sqft
    Source: Out East #358282 Report a problem
    5/21/2021Listed for rent$100,000+122.2%$29/sqft
    Source: Out East #358282 Report a problem
    5/20/2021Sold$4,700,000-4.1%$1,343/sqft
    Source: Agent Provided Report a problem
    5/8/2021Pending sale$4,900,000$1,400/sqft
    Source: Out East #356778 Report a problem
    3/4/2021Listed for sale$4,900,000+40%$1,400/sqft
    Source: Compass #356778 Report a problem
    2/29/2016Sold$3,500,000-9.1%$1,000/sqft
    Source: Public Record Report a problem
    10/23/2015Listing removed$45,000$13/sqft
    Source: The Corcoran Group #57203 Report a problem
    10/15/2015Listed for rent$45,000-59.1%$13/sqft
    Source: The Corcoran Group #57203 Report a problem
    6/28/2015Listed for sale$3,850,000+294.9%$1,100/sqft
    Source: The Corcoran Group #53105 Report a problem
    5/8/2015Listing removed$110,000$31/sqft
    Source: The Corcoran Group #57203 Report a problem
    4/24/2015Listed for rent$110,000$31/sqft
    Source: The Corcoran Group #57203 Report a problem
    11/19/1999Sold$975,000$279/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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

    Nearby schools

    GreatSchools rating
    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
    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