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    131 E Lake Dr Montauk, NY 11954

    Sponsored
    For Sale
    $11,500,000

    Multi-Unit - Montauk, NY

    Lot size:
    1.19 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 8 at 3:06 pm

    Property Features for 131 E Lake Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    0300-013.000-0003-014.000
    Parking features
    Garage
    Lot size
    1.19 Acres

    Building Details

    Architectural style
    Other

    Compass (212) 913-9058 [email protected]

    Listing agent Zoila Ortega Astorr (212) 913-9058

    Listing date Jan 7, 2026

    MLS# 11626472 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Multi-Unit Property with Expansion Potential

    This 1.19-acre multi-family compound in Montauk, NY, features 13 units across four buildings and approximately 107 feet of direct lake frontage with a sandy beach and private kayak launch. The property's western exposure offers exceptional sunset views. The established residential layout includes a former waterfront main house site with redevelopment potential for two units (a 4BR/2BA residence and a 1BR/1BA unit). The long row building contains seven units (two 1BR/1BA apartments and five studio units), while the street-parallel triplex offers three 1BR/1BA apartments. A standalone 1BR/1BA lakefront cottage is located near the shoreline. Waterfront improvements include a bulkhead, sandy beach, lakeside stairs, and a boat launch. A long driveway and expanded parking area accommodate 23 vehicles. The site is located within the Residence A district, governed by the Harbor Protection Overlay District (HPOD) and Coastal Erosion Hazard Zone 2. The property is positioned near the Montauk Lake Club and surrounded by marinas, beaches, restaurants, and high-value residential areas. Nearby neighbors include Montauk Lake Club & Marina, Montauk Anglers Club & Marina, The Crow's Nest, Ditch Witch Deep Hollow Ranch, Montauk Lighthouse, Gotham Tennis Montauk, and Montauk Yacht Club.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Properties

    Suggested Use

    Restaurant Spa & Massage Clothing Store Gym & Fitness Skin Care Clinic Acupuncture Seafood Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montauk
    County
    Suffolk
    State
    New York
    Longitude
    -71.905803
    Latitude
    41.059007

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    FAQs

    What type of property is this?
    Apartment building - 1.19-acre Montauk waterfront property with 13 units and expansion potential.
    Where is this apartment building located?
    The property is located at 131 E Lake Dr Montauk, NY.
    What is the asking price?
    The asking price for this property is $11,500,000.
    What are key features of this property?
    This property features: - Waterfront property with ~107 feet of direct lake frontage, sandy beach, and private kayak launch.; - 13 total units across four buildings, providing immediate income potential.; - 1.19-acre property with potential expansion and redevelopment opportunities.
    (212) 913-9058
    Request Owner's contact information
    131 E Lake Dr Montauk, NY 11954
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    131 E Lake Dr Montauk, NY 11954
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