A premier commercial waterfront property located in the heart of Montauk harbor is comprised of 5 separate buildings and 3 dock spaces. Buildings 1 & 2 are 2600+/- sf each (1300 sf each floor) with 4 separate rental units and harbor views from each unit. Building 3 is 1200+/- sf with a covered porch and outdoor seating area. Building 4 is a 2500+/- sf fishpacking facility, and building 5 is an ice house/cold storage. The property is zoned commercial waterfront which offers multiple uses. Situated on 1.16 acres with ample parking and heavy foot traffic, this is a unique opportunity in a great waterfront location with many possibilities.
Sold for $5,100,000
$5,100,000
478 W Lake Dr, Montauk, NY 11954
1beds
8,000sqft
Single Family Residence
Built in 1978
1.16 Acres Lot
$5,340,500 Zestimate®
$638/sqft
$4,234 Estimated rent
Home value
$5,340,500
$4.81M - $5.98M
$4,234/mo
Zestimate® history
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$35,436/mo
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Source: Out East,MLS#: 374123
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 7
- Full bathrooms: 1
- 1/2 bathrooms: 6
Cooling
- Central Air
Features
- Has fireplace: No
Interior area
- Total structure area: 8,000
- Total interior livable area: 8,000 sqft
Property
Parking
- Parking features: None
Features
- Stories: 2
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Waterfront
- Frontage type: Waterfront
Lot
- Size: 1.16 Acres
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1978
Community & HOA
Location
- Region: Montauk
Financial & listing details
- Price per square foot: $638/sqft
- Date on market: 6/14/2025
- Lease term: Contact For Details
Price history
| Date | Event | Price |
|---|---|---|
| 9/17/2025 | Sold | $5,100,000-21.5%$638/sqft |
Source: Agent Provided Report a problem | ||
| 7/30/2025 | Pending sale | $6,495,000$812/sqft |
Source: Out East #374123 Report a problem | ||
| 7/30/2025 | Listing removed | $6,495,000$812/sqft |
Source: Out East #374123 Report a problem | ||
| 7/24/2025 | Pending sale | $6,495,000$812/sqft |
Source: Out East #374123 Report a problem | ||
| 7/23/2025 | Listing removed | $6,495,000$812/sqft |
Source: Out East #374123 Report a problem | ||
| 6/14/2025 | Pending sale | $6,495,000+3147.5%$812/sqft |
Source: Out East #374123 Report a problem | ||
| 8/3/2024 | Listing removed | $4,200$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/22/2024 | Listed for rent | $4,200+0.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/24/2020 | Listing removed | $4,166$1/sqft |
Source: Montauk #350229 Report a problem | ||
| 5/18/2020 | Listed for rent | $4,166$1/sqft |
Source: Montauk #350229 Report a problem | ||
| 7/22/2019 | Listing removed | $200,000$25/sqft |
Source: Martha Greene Real Estate llc Report a problem | ||
| 7/20/2019 | Listed for sale | $200,000-96.3%$25/sqft |
Source: Martha Greene Real Estate llc Report a problem | ||
| 11/25/2017 | Listing removed | $5,450,000+23.9%$681/sqft |
Source: The Corcoran Group #8215 Report a problem | ||
| 11/23/2017 | Sold | $4,400,000-19.3%$550/sqft |
Source: Agent Provided Report a problem | ||
| 4/23/2017 | Price change | $5,450,000-5.2%$681/sqft |
Source: The Corcoran Group #8215 Report a problem | ||
| 11/8/2016 | Price change | $5,750,000-11.5%$719/sqft |
Source: The Corcoran Group #8215 Report a problem | ||
| 6/10/2015 | Listed for sale | $6,500,000$813/sqft |
Source: The Corcoran Group #8310 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 11954
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Nearby schools
GreatSchools rating
- 7/10Montauk SchoolGrades: PK-8Distance: 2.8 mi
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Estimated market value
$5,340,500
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
$5,340,500
- New York
- Suffolk County
- Montauk
- 11954
- 478 W Lake Dr
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