Montauk Airport is on the market for $18M

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 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.”

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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]