A rare opportunity set at one of the highest elevations in Montauk, this approximately 15 acre+/- offering presents the scale and flexibility to create an extraordinary private estate in one of the area's most compelling settings. Comprised of three buildable lots with a 3.58 acre+/- private gated road and driveway, the property combines significant development potential with established equestrian grounds, protected surroundings, and sweeping water views. The largest of the three lots, at 40 Melchionna Road, is improved with an existing three-bedroom, two-bath residence, while the two additional lots remain vacant, allowing for a range of possibilities. The acreage could accommodate a substantial new main residence, evolve into a multi-residence compound, or be maintained as an expansive private retreat. From its elevated position, the property enjoys panoramic vistas with water visible in every direction. To the north, the property abuts approximately 900 acres of protected state land, providing a remarkable natural backdrop and helping preserve the privacy and unobstructed character of the setting. Its established equestrian infrastructure includes two expansive fenced paddocks, each with water service for troughs and existing barns, as well as a large fenced training ring with an additional lean-to barn and attached tack and feed room. The property's connection to Montauk's preserved landscape is equally remarkable, with direct access to trails that wind through Montauk County Park and into Montauk Point State Park. Together, these protected lands encompass more than 2,000 acres+/-, creating an exceptional setting for horseback riding, hiking, and exploring the natural beauty of Montauk. With three buildable lots, existing equestrian facilities, direct access to hundreds of acres of preserved land and trails, and panoramic water views from one of Montauk's most elevated settings, the property represents an increasingly rare opportunity to create a private legacy estate of exceptional scale and character.40 MELCHIONNA ROAD - 5.18 Acres | House (3 bed/2 bath)26 MELCHIONNA ROAD - 4.28 Acres | Buildable lot32 MELCHIONNA ROAD - 1.91 Acres | Buildable lotPRIVATE ROAD WITH GATED ENTRY - 3.58 Acres
For sale
$24,995,000
40 Melchionna Rd, Montauk, NY 11954
3beds
2,200sqft
Single Family Residence
Built in 1964
5.18 Acres Lot
$-- Zestimate®
$11,361/sqft
$-- HOA
What's special
Established equestrian infrastructureSweeping water viewsExisting three-bedroom two-bath residence
- 62 days
- 671
- 9
Zillow last checked:
Listed by:
Bespoke Real Estate 631-500-9030,
Sam Kelly - Real Estate Sales Person 631-478-2822
Source: Out East,MLS#: 397452
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,200
- Total interior livable area: 2,200 sqft
Property
Parking
- Parking features: None
Features
- Pool features: Room for a Pool
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 5.18 Acres
Details
- Parcel number: 0300013000200034000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1964
Community & HOA
Community
- Features: Room for a Tennis Court
Location
- Region: Montauk
Financial & listing details
- Price per square foot: $11,361/sqft
- Tax assessed value: $27,600
- Date on market: 8/25/2026
- Lease term: Contact For Details
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2026 | Listed for sale | $24,995,000+8.7%$11,361/sqft |
Source: Out East #397452 Report a problem | ||
| 10/22/2025 | Listing removed | $23,000,000$10,455/sqft |
Source: Out East #383263 Report a problem | ||
| 8/10/2024 | Listed for sale | $23,000,000$10,455/sqft |
Source: Out East #383263 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $27,600 |
| 2024 | -- | $27,600 |
| 2023 | -- | $27,600 |
| 2022 | -- | $27,600 |
| 2021 | -- | $27,600 |
| 2020 | -- | $27,600 |
| 2019 | -- | $27,600 |
| 2018 | -- | $27,600 |
| 2017 | $26,697 | $27,600 |
| 2016 | -- | $27,600 |
| 2015 | -- | $27,600 |
| 2014 | -- | $27,600 |
| 2013 | -- | $27,600 |
| 2012 | -- | $27,600 |
| 2011 | -- | $27,600 |
| 2007 | $20,607 +19.2% | $27,600 |
| 2005 | $17,293 +3.5% | $27,600 |
| 2004 | $16,708 -1.3% | $27,600 |
| 2003 | $16,934 +1.2% | $27,600 |
| 2002 | $16,737 | $27,600 |
Find assessor info on the county website
