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For sale
  • Price cut: $455K (6/5)
    $12,495,000

    5 Ocean View Ter, Montauk, NY 11954

    4beds
    4,400sqft
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    Single Family Residence
    Built in 1968
    1 Acres Lot
    $-- Zestimate®
    $2,840/sqft
    $-- HOA

    What's special

    Private oceanfront settingModern appliancesHeated poolAttached two-car garageNestled among the dunesDirect beach accessOcean-side hot tub
    Discover a timeless beachfront retreat offering nearly 4,000 square feet of interior living space, over 800 square feet of decking and patio areas, and 90 feet of direct ocean frontage in one of Montauk's most sought-after oceanfront locations. Nestled among the dunes and discreetly set back from the road, this exceptional property combines the beauty of oceanfront living with remarkable privacy, all just moments from Montauk's shops, restaurants, and conveniences, as well as the renowned Marram with its popular oceanfront dining. Designed to embrace its breathtaking surroundings, the home features a spacious living room with a fireplace and expansive double sliding doors that frame views of the pool, dunes, and ocean beyond. The main level includes an inviting eat-in kitchen with new appliances, two guest bedrooms sharing a full bath, a guest suite with a private bath, and a primary suite offering captivating water views, a private bath, walk-in closet, and sitting area with direct access to the pool deck. Upstairs, an additional bedroom and living area with a wet bar and powder room provides flexible space for guests or relaxation. Above it all, a private rooftop terrace offers a spectacular vantage point for whale watching, checking the surf, or simply enjoying the ocean breeze and panoramic coastline views. The full basement presents additional potential with a large open room, full bathroom, and walkout access leading directly toward the beach. Outside, a private oceanfront setting is complemented by a heated pool, ocean-side hot tub, private bluff staircase to the sand, and over 800 square feet of outdoor living and entertaining space. An attached two-car garage adds convenience. Recent improvements include a new roof, updated HVAC system, new garage doors, modern appliances, and upgraded pool heating and pump systems. A rare offering in a premier Montauk location, this exceptional oceanfront property presents an opportunity to enjoy direct beach access, substantial living space, and a private coastal lifestyle just minutes from everything Montauk has to offer.
    523 days
    |
    2,803
    |
    67
    |

    Zillow last checked:

    Listed by:

    Compass,

    Christopher Coleman - Real Estate Sales Person 516-445-1513

    Source: Out East,MLS#: 358330

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 6
      • Full bathrooms: 5
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Family Room
      Cooling
      • Central Air
      Features
      • Basement: Yes
      • Has fireplace: Yes
      Interior area
      • Total structure area: 4,400
      • Total interior livable area: 4,400 sqft

      Property

      Parking
      • Parking features: GarageDetached
      • Has garage: Yes
      Features
      • Stories: 2
      • Has private pool: Yes
      • Pool features: Heated
      • Has spa: Yes
      • Spa features: Heated
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water
      • Waterfront features: Waterfront
      • Frontage type: Waterfront
      Lot
      • Size: 1 Acres
      Details
      • Parcel number: 0300051000400002000

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 1968

      Community & HOA

      Location
      • Region: Montauk

      Financial & listing details

      • Price per square foot: $2,840/sqft
      • Tax assessed value: $15,550
      • Date on market: 2/6/2025
      • Lease term: Contact For Details

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $7,951/mo

        Price history

        DateEventPrice
        6/5/2026Price change$12,495,000-3.5%$2,840/sqft
        Source: Out East #358330 Report a problem
        5/15/2025Price change$12,950,000-7.2%$2,943/sqft
        Source: Out East #358330 Report a problem
        2/6/2025Listing removed$65,000$15/sqft
        Source: Zillow Rentals Report a problem
        2/6/2025Listed for sale$13,950,000-6.4%$3,170/sqft
        Source: Out East #358330 Report a problem
        1/16/2025Listed for rent$65,000-35%$15/sqft
        Source: Zillow Rentals Report a problem
        1/16/2025Listing removed$100,000$23/sqft
        Source: Zillow Rentals Report a problem
        12/31/2024Listed for rent$100,000+122.2%$23/sqft
        Source: Zillow Rentals Report a problem
        11/6/2024Listing removed$45,000$10/sqft
        Source: Zillow Rentals Report a problem
        10/2/2024Listed for rent$45,000+12.5%$10/sqft
        Source: Zillow Rentals Report a problem
        10/2/2024Listing removed$14,900,000$3,386/sqft
        Source: Out East #358330 Report a problem
        3/14/2024Listing removed--
        Source: Zillow Rentals Report a problem
        3/14/2024Listed for sale$14,900,000-12.1%$3,386/sqft
        Source: Out East #358330 Report a problem
        3/1/2024Price change$40,000+14.3%$9/sqft
        Source: Zillow Rentals Report a problem
        2/19/2024Listing removed$16,950,000$3,852/sqft
        Source: Out East #358330 Report a problem
        2/19/2024Listed for rent$35,000-63.2%$8/sqft
        Source: Zillow Rentals Report a problem
        9/30/2023Price change$16,950,000-5.6%$3,852/sqft
        Source: Out East #358330 Report a problem
        8/16/2023Listing removed--
        Source: Zillow Rentals Report a problem
        8/16/2023Listed for sale$17,950,000+259%$4,080/sqft
        Source: Out East #358330 Report a problem
        6/1/2023Price change$95,000+26.7%$22/sqft
        Source: Zillow Rentals Report a problem
        5/1/2023Price change$75,000+66.7%$17/sqft
        Source: Zillow Rentals Report a problem
        4/1/2023Price change$45,000+12.5%$10/sqft
        Source: Zillow Rentals Report a problem
        3/2/2023Price change$40,000+14.3%$9/sqft
        Source: Zillow Rentals Report a problem
        12/7/2022Listed for rent$35,000$8/sqft
        Source: Zillow Rentals Report a problem
        10/23/2018Sold$5,000,000+651.9%$1,136/sqft
        Source: Public Record Report a problem
        12/16/1993Sold$665,000$151/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $15,550
        2024-- $15,550
        2023-- $15,550
        2022-- $15,550
        2021-- $15,550
        2020-- $15,550
        2019-- $15,550
        2018-- $15,550
        2017$15,089 $15,550
        2016-- $15,550
        2015-- $15,550
        2014-- $15,550
        2013-- $15,550
        2012-- $15,550
        2011-- $15,550
        2007$11,713 +16.4%$15,550
        2005$10,062 +4%$15,550
        2004$9,673 -0.3%$15,550
        2003$9,700 +2.3%$15,550
        2002$9,486 $15,550
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 11954

        Getting around

        51 / 100
        Somewhat Walkable
        46 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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