Montauk used to be the un-Hampton Hampton, filled with fishermen and surfers, not rich people and socialites. In fact, the few rich socialites who summered in Montauk back in the 1970s did so precisely because it was so unlike the rest of the Hamptons.
But Montauk eventually became discovered by the fashionable set, and since then prices have zoomed. Back in 2013, TV pundit Bill O’Reilly paid $7.7 million for 1.6 acres on the ocean; a couple years ago, one vacant acre nearby sold for $10 million, with no house on the premises. Or let’s take for an example a freestanding condo on a half-acre of oceanfront: in 1993, it sold for $285,000. In 2001, it went for $675,000; in 2013 it sold for just over $1.3 million. And this month, the place has just been relisted for $5.9 million.
While that’s substantial appreciation, the current ask is also a very reasonable price for an oceanfront property in the Hamptons, condo situation notwithstanding.
Repped by Mary Lappin Marmorowski at Douglas Elliman, the three-bedroom, one-and-a-half bathroom residence spans 1,400 square feet. The “condo” is unique in that three buildings share the plot, but there’s no condo board nor condo fees. As with many Montauk houses, this is one is in an upside-down plan, with the better views from the living spaces on the second floor and the three bedrooms below. The living space is open, light, and airy, with the epic ocean views taking pride of place. The whole unit looks to have been recently renovated, with the sparkling kitchen right off the ocean-facing deck.
As for location, the house is right in the center of town. Living is easy and convenient when everything is easily walkable, including the grocery store, delis, restaurants and Montauk’s cute boutiques. Best of all, there is a private path to the beach, just east of Kirk Park Beach. This is one of the best beaches in Montauk — the next owner can relax, swim, surf just steps from their own door, or surf cast when the blues are running and grill their catch right on the deck.
