The Real Deal New York

Montauk Airport is on the market for $18M

July 31, 2012 03:30PM

Montauk Airport

Here’s a listing you don’t see every day: an airport. Curbed spotted Prudential Douglas Elliman brokers Paul Brennan and Ronald White listing the Montauk Airport for $18 million. The property, at 428 East Lake Drive, is 37 acres, with a 3,200-foot long runway, a main office with a bath, a 1,620-square-foot permanent hanger and four portable ones. It’s surrounded by a reserve of more than 1,000 acres.

White told Patch.com that the property’s zoning allows residential development, and could be divided into three to six plots. “I think common goal is to preserve the property being airport,” he said. “But the other option is to subdivide it and to residentialize.”

As previously reported, the Hamptons’ eastern neighbor has seen a rise in popularity of late, with new hotels and restaurants following a growing number of vacationers. So far, the interested buyers that have emerged are frequent users of the airport, according to White. [Curbed] and [Patch]

  • KaKaw

    Best plan would be to create a gated townhouse community so manhattanites can stay in montauk for the summer and not have to worry about maintenance on the grounds on the off months. Include a pool, tennis court and clubhouse.

  • Raging Realtor

    I think an alcohol and drug rehab is the answer. Depersia House

    • Scrooged

      Simply genius.

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