About This Home

This 0-bedroom, 0-bathroom commercial at 231 Montauk in Water Mill, NY is listed for $29,500,000. on a N/A lot.

Listing Description

Rare Highway Acreage - Strategically located in the heart of Water Mill with direct Montauk Highway frontage. This 38.45-acre multi-parcel assemblage offers high visibility and seamless connectivity to Bridgehampton, Southampton, and Sag Harbor. Three Distinct Parcels 231 Montauk Hwy: 10.219 acres featuring an ~12,000 SF wine tasting & production facility.

197 Montauk Hwy: 2.065-acre undeveloped flag lot suitable for residential development. 35 Flying Goose Pa: 26.173-acre agricultural parcel currently planted as a vineyard. Flexible Investment & Development Potential - While operating as a winery and vineyard, the site offers compelling repositioning possibilities for hospitality, lifestyle fitness clubs, or a luxury residential townhome development (subject to municipal approvals).

Asking Price: INQUIRE Surrounding Businesses: Parrish Art Museum, Shou Sugi Ban House, Green Thumb Farms, Audi Southampton, BMW Southampton, LUNCH Lobster, Hampton Coffee Co

Monthly Cost Estimate

$157,772/mo

20% down · 6.5% · 30 years

Principal$21,335
Interest$127,833
Insurance$8,604

Estimates only. Actual payments may vary.

Location

231 Montauk

Water Mill, NY 11976

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 231 Montauk is listed at $29,500,000. The estimated monthly payment is $157,772 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

This property is listed by Sean Deery.

SD

Sean Deery

Agent at Compass

Listed by Compass

MLS# 11940047· Source: My State MLS· 69 days on PropertySimple

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

231 Montauk, Water Mill, NY 11976

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