# 231 Montauk, Water Mill, NY 11976

> **TL;DR:** commercial, $29,500,000. Est. $157,772/mo. Listed 70 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $29,500,000 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 70 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $149,168 |
| Estimated Insurance | $8,604 |
| **Total** | **$157,772** |

## Description

### Agent 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

## Location

- **Address:** 231 Montauk, Water Mill, NY 11976
- **County:** Suffolk
- **Coordinates:** 40.90289, -72.366512
- **Google Maps:** https://www.google.com/maps?q=40.90289,-72.366512

## Listing Agent

- **Name:** Sean Deery
- **Brokerage:** Compass

## Photos

![231 Montauk - Photo 1](http://lh.rdcpix.com/66829971ab21d1e8362dfebbb31d7b9dl-f3174141777r.jpg)

![231 Montauk - Photo 2](http://lh.rdcpix.com/66829971ab21d1e8362dfebbb31d7b9dl-f1863638708r.jpg)

![231 Montauk - Photo 3](http://lh.rdcpix.com/66829971ab21d1e8362dfebbb31d7b9dl-f796612214r.jpg)

![231 Montauk - Photo 4](http://lh.rdcpix.com/66829971ab21d1e8362dfebbb31d7b9dl-f1304735259r.jpg)

![231 Montauk - Photo 5](http://lh.rdcpix.com/66829971ab21d1e8362dfebbb31d7b9dl-f637055340r.jpg)

![231 Montauk - Photo 6](http://lh.rdcpix.com/66829971ab21d1e8362dfebbb31d7b9dl-f3852529851r.jpg)

![231 Montauk - Photo 7](http://lh.rdcpix.com/66829971ab21d1e8362dfebbb31d7b9dl-f3410494189r.jpg)

---

**MLS#:** 11940047 | **Updated:** 2026-10-19
**Source:** listhub

*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.*

[View on PropertySimple](https://staging.propertysimple.ai/listing/231-montauk-water-mill-ny-11976-167bafa3a6484daa9cd19e9b116458d3)

---

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