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 family retreat, or a combination of both, this unique offering presents endless possibilities. The centerpiece of the property is a charming farmhouse filled with generous living space. Once a popular Bed and Breakfast from the 1900's, "The Morgan Tourister", the home comfortably accommodates you and your guests, featuring five bedrooms, a 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.