149 Old Country Rd Remsenburg-Speonk, NY 11972

This exceptional 18.6-acre development site presents a unique investment opportunity at the entrance to the exclusive Hamptons. Located at 149 Old Country Road, Remsenburg-Speonk, NY 11972, this property offers significant potential for various development projects. Currently zoned R-40, it allows for a "as of right" subdivision into approximately 11 one-acre lots, ideal for single-family residential development. Given its proximity to the Long Island Rail Road Speonk Train Station (a quarter-mile away), it's perfectly positioned for a Transit-Oriented Development (TOD), potentially including cluster housing, workforce housing, 55+ communities, or assisted living facilities. The property's location bordering industrially zoned land on two sides also presents the possibility of rezoning for an industrial park. Alternative uses permitted under the current zoning include agricultural purposes such as a horse farm, tree farm, or nursery/greenhouse. The seller is open to a "Subject To" sale for a viable development project, with pricing to be determined, or an "as is" sale for $3,495,000. The site boasts two access points, via Old Country Road and Jagger Path (off Montauk Highway), enhancing its accessibility and development potential. Nearby amenities include beautiful beaches on Dune Road (10 minutes away) and homes selling for over $900,000, highlighting the area's desirability. The property is conveniently located just 1.5 hours from New York City.