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718 Montauk Hwy

east quogue, NY 11942

$2,200,000

  • 8 BR
    5 BA
    approx. 10,044 SF
  • logodouglas elliman exclusive

Interested? Let's Connect

Prime Investment & Income-Producing Opportunity in East Quogue
Discover a rare and versatile multi-residence compound in the heart of East Quogue, offering exceptional investment potential and a proven history of rental income. Whether you're seeking a lucrative income-producing property, a private retreat, or a combination of both, this unique offering presents endless possibilities. The centerpiece of the property is a charming farmhouse, once a popular Bed and Breakfast from the 1900's, "The Morgan Tourister". Filled with generous living space, the home comfortably accommodates you and your guests, featuring five bedrooms, living room, formal dining room, spacious eat-in country kitchen, den, and expansive outdoor areas. Unwind and enjoy peaceful afternoons on the inviting wraparound porch overlooking the property's beautiful grounds. Complementing the main residence are two separate one-bedroom cottages and an attached studio, each with its own private yard area, providing ideal accommodations for guests and tenants. Rental permits are already in place, making this a turnkey opportunity for immediate income generation. The grounds offer ample parking, abundant outdoor entertaining areas, and room for a pool, creating even more opportunities to enhance and personalize the estate. Bordering a picturesque 35-acre tree farm and ideally situated on the Quogue border, this desirable location is just moments from East Quogue's charming shops, restaurants, ocean beaches, train service, Hampton Jitney stops, and less than two hours from New York City. A truly unique opportunity to own a multi-residence compound with established rental history, bordering beautiful open space, in one of the Hamptons most sought-after locations.

Details

10,044 Sq Ft

0.92 Private Acres Lot Size

investment

$810 Monthly Tax

Built in 1909

MLS/Listing ID 1012493

4 Units

Amenities & Features

Parking - Private

Pantry

Original Details

Entrance Foyer

Eat-in Kitchen

Built-in Features

Heating - Oil

Natural Wood

Cooling - Wall/window unit(s)

Construction - Frame

Style - Farmhouse

Public Water

Septic System

Estimate my mortgage

TOTAL MONTHLY COST

$0

  • PRINCIPAL & INTEREST

    $0

  • PROPERTY TAXES

    $0

  • Common Charges

    $0

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