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Off market
  • $18,937,100

    521 E Lake Dr, Montauk, NY 11954

    6beds
    2,000sqft
    Single Family Residence
    Built in 1963
    6.89 Acres Lot
    $18,937,100 Zestimate®
    $9,469/sqft
    $7,660 Estimated rent

    Home value

    $18,937,100

    $17.80M - $19.88M

    $7,660/mo

    Zestimate® history
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    What's special

    One-of-a-kind waterfront propertyOlder cottageCommercial-grade deep-water docksHistoric packing houseCentral air conditioningMultiple structuresCentral vacuum

    Discover one of Montauk Harbor's most extraordinary waterfront offerings-a rare and magical opportunity to create a legacy compound unlike any other. Spanning approximately 7 acres across four distinct parcels, this exceptional property combines two residential lots and two waterfront commercial parcels, presenting a truly unique blend of privacy, development potential, and direct harbor frontage. The offering includes two undeveloped parcels, providing a blank canvas for future vision. A third parcel features a charming traditional two-bedroom, one-bathroom cottage with modern comforts including central air conditioning, central vacuum, and ample room to add a pool. The fourth parcel is a one-of-a-kind waterfront property with multiple structures and commercial-grade deep-water docks. Improvements include a remarkable overwater barn, a two-bedroom, one-bathroom apartment with a garage below, a historic packing house, a lookout tower ideal for an office or studio, and an older cottage-each contributing to the property's distinctive character and rich maritime heritage. Whether envisioned as a private waterfront estate, a multi-generational family compound, or an extraordinary investment, opportunities of this scale, flexibility, and authenticity on Montauk Harbor are exceptionally rare. This is a property that captures the spirit of old Montauk while offering limitless possibilities for the future.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Zillow last checked:

    Source: Out East,MLS#: 396722

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 5
    • Full bathrooms: 3
    • 1/2 bathrooms: 2
    Rooms
    • Room types: Family Room
    Cooling
    • Central Air
    Features
    • Basement: No
    • Has fireplace: Yes
    Interior area
    • Total structure area: 2,000
    • Total interior livable area: 2,000 sqft

    Property

    Parking
    • Parking features: None
    Features
    • Stories: 2
    • Pool features: Room for a Pool
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Waterfront
    • Frontage type: Waterfront
    Lot
    • Size: 6.89 Acres

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 1963

    Community & HOA

    Location
    • Region: Montauk

    Financial & listing details

    • Price per square foot: $9,469/sqft
    • Date on market: 7/14/2026
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    8/3/2026Listing removed$19,950,000$9,975/sqft
    Source: Out East #396722 Report a problem
    7/14/2026Listed for sale$19,950,000+84.7%$9,975/sqft
    Source: Out East #396722 Report a problem
    2/11/2020Sold$10,800,000-10%$5,400/sqft
    Source: Agent Provided Report a problem
    9/6/2019Pending sale$11,995,000$5,998/sqft
    Source: Saunders & Associates #47746 Report a problem
    3/9/2019Price change$11,995,000-14.3%$5,998/sqft
    Source: Saunders & Associates #47746 Report a problem
    11/26/2018Listed for sale$13,995,000$6,998/sqft
    Source: Saunders & Associates #47746 Report a problem
    7/24/2018Listing removed$13,995,000$6,998/sqft
    Source: Saunders & Associates #4975 Report a problem
    4/22/2018Price change$13,995,000-6.7%$6,998/sqft
    Source: Saunders & Associates #4975 Report a problem
    8/30/2017Price change$14,995,000-11.8%$7,498/sqft
    Source: Saunders & Associates #4975 Report a problem
    10/4/2016Price change$16,995,000-5.3%$8,498/sqft
    Source: The Corcoran Group #32737 Report a problem
    12/5/2015Price change$17,950,000-10%$8,975/sqft
    Source: The Corcoran Group #32737 Report a problem
    10/8/2014Price change$19,950,000-20%$9,975/sqft
    Source: The Corcoran Group #32737 Report a problem
    7/22/2014Listed for sale$24,950,000$12,475/sqft
    Source: The Corcoran Group #32737 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 11954

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $18,937,100
    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
    $18,937,100