A home on Lake Montauk for just $500K? Here’s why

The 240-square-foot home is the cheapest listing on the lake

Tri-State /
Jun.June 11, 2021 05:30 PM
75 & 81 East Lake Dr. Unit 3 (Mary Lappin Marmorowski/Elliman)

75 & 81 East Lake Drive, Unit 3 (Mary Lappin Marmorowski/Elliman)

The East End market is as hot as it has ever been, but a lakefront property in Montauk can be yours for the low price of $500,000 — if you’re willing to compromise on space, according to Behind the Hedges.

Unit 3 at the Outrigger co-op complex on East Lake Drive just went up for sale with that price tag, making it the cheapest listing on Lake Montauk and one of the least expensive in the entire town.

It’s no mansion, though. More like a postage stamp.

The home spans just 260 square feet with one bedroom and one bathroom. The wraparound porch on the 1978-built cottage adds another 240 square feet or so.

While Montauk has its fair share of supersized abodes, the hamlet is home to plenty of small homes that reflect Montauk’s more modest past.

That doesn’t mean the prices are modest, though. For example, actor Julianne Moore recently sold her 1,000-square-foot cottage for $2.9 million. [Behind The Hedges] — Dennis Lynch


Related Articles

arrow_forward_ios
Robert Futterman charged with DUI in Hamptons car crash
Robert Futterman charged with DUI in Hamptons car crash
Robert Futterman charged with DUI in Hamptons car crash
40 Meadow Lane, Southampton
New Hamptons sales and listings promise ocean views… and eternal life
New Hamptons sales and listings promise ocean views… and eternal life
 Jay Bialsky and 2 West Water Street in Sag Harbor (Getty, renderings via Bespoke Real Estate)
The drama behind Jay Bialsky’s $25M listing in Sag Harbor
The drama behind Jay Bialsky’s $25M listing in Sag Harbor
The $69 million estate (Lena Yaremenko)
East Hampton estate hits market for first time in 75 years, asks $69M
East Hampton estate hits market for first time in 75 years, asks $69M
A rendering of 12 Eileen’s Path, East Hampton (Corcoran)
Think buying in the Hamptons is tough? Try building
Think buying in the Hamptons is tough? Try building
North Fork home inventory can’t meet demand
North Fork home inventory can’t meet demand
North Fork home inventory can’t meet demand
Retailers rush to open in the Hamptons
Retailers rush to open in the Hamptons
Retailers rush to open in the Hamptons
Julianne Moore and 42 House 2 Road, Montauk (Getty, Zillow)
Julianne Moore sells Montauk cottage six years after first listing it
Julianne Moore sells Montauk cottage six years after first listing it
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...