# 35 Gardners Lane, Hampton Bays, NY 11946

> **TL;DR:** 4bd/5ba residential multi family, $1,800,000, built 1992.
> Waterfront, A/C. Est. $7,800/mo. Listed 32 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,800,000 |
| Bedrooms | 4 |
| Bathrooms | 5 full |
| Year Built | 1992 |
| Lot Size | 19,166 sqft (0.44 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 32 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $7,800 |
| **Total** | **$7,800** |

## Key Amenities

- Waterfront
- A/C

## Property Highlights

- Built in 1992
- 0.44 acre lot
- Waterfront

## Description

### Agent Description
Presenting a rare investment opportunity in Hampton Bays: a waterfront property with direct Shinnecock Bay views on Penny Pond, 80 feet of frontage, a 40-foot dock, and sandy beach access. Situated on 0.44 acres, this compound offers multifamily and multiple income-producing structures, making it an ideal candidate for investors seeking rental upside or redevelopment potential. The property is anchored by a two-bedroom, two-bath main house with an open floor plan, cathedral ceilings, gourmet kitchen, dining area, and living room with fireplace. Architectural plans and approvals are in place to renovate and expand the existing structures, including a separate guest cottage and an 18foot-by-36-foot gunite pool. Additional residences include a two-bedroom, one-bath cottage, a one-bedroom, one-bath studio above a two-car detached garage, and ample outdoor decking for entertaining and relaxation. Key property features include sprinklers, extensive landscaped grounds, and low annual taxes of only $14,309. Several units are separately metered, offering flexibility for year-round rental income. With multifamily, bay views, and strong demand for waterfront rentals, this asset provides investors with multiple strategies: reposition as a boutique rental compound, operate as a seasonal retreat, or redevelop into a luxury waterfront estate. Located just minutes from ocean beaches and at the gateway to the Hamptons, this property combines lifestyle appeal with investment-grade fundamentals. Both homes are also available for lease.

## Location

- **Address:** 35 Gardners Lane, Hampton Bays, NY 11946
- **County:** Suffolk County
- **Coordinates:** 40.852564, -72.513162
- **Google Maps:** https://www.google.com/maps?q=40.852564,-72.513162

## Listing Agent

- **Name:** Estefania E. Zuluaga
- **Brokerage:** Douglas Elliman Real Estate
- **Phone:** 6319023315
- **Email:** estefania.zuluaga@elliman.com

## Primary Photo

![35 Gardners Lane - Primary Photo](http://lh.rdcpix.com/e8bbae37c7ecea9368b7b34009288277l-f1093019245r.jpg)

*30 total photos available on [listing page](https://www.propertysimple.com/listing/35-gardners-lane-hampton-bays-ny-11946-y968687)*

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**MLS#:** 968687 | **Updated:** 2026-04-25
**Source:** listhub

*Copyright © 2026 OneKey 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://www.propertysimple.com/listing/35-gardners-lane-hampton-bays-ny-11946-y968687)

---

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