East Hampton To Buy Two Waterfront Parcels In Montauk - 27 East

Real Estate News

Real Estate News / 1392187

East Hampton To Buy Two Waterfront Parcels In Montauk

icon 2 Photos
East Hampton Town is considering purchasing the land at 86 South Elroy Drive in Montauk and having the house on it razed to expand open space and lessen septic system impacts on nearby Fort Pond Kyril Bromley

East Hampton Town is considering purchasing the land at 86 South Elroy Drive in Montauk and having the house on it razed to expand open space and lessen septic system impacts on nearby Fort Pond Kyril Bromley

The land at the end of Endicott Road on Shepherds Neck, on Fort Pond, was approved for purchase by East Hampton Town for $1.1 million. Kyril Bromley

The land at the end of Endicott Road on Shepherds Neck, on Fort Pond, was approved for purchase by East Hampton Town for $1.1 million. Kyril Bromley

author27east on Mar 26, 2019

East Hampton Town is planning to purchase two small waterfront parcels in the Shepherd’s Neck area of Montauk, for slightly more than $1 million each, using money from the Community Preservation Fund.

Both properties are a little more than a half acre in size. Both have substantial areas of wetlands on them. One is already developed with a house, which will be razed if the deal with the town comes to fruition.

The other, a purchase the Town Board approved last week, has had long-standing but unused building permits for a house that now will never be built.

The Town Board voted, 3-0, last Thursday, March 21, in favor of purchasing the parcel at 35 South Endicott Place for $1.1 million. Councilman David Lys was absent and Councilman Jeff Bragman abstained from the vote.

The parcel sits at the very tip of Shepherd’s Neck, a peninsula that juts into Fort Pond to the east from Second House Road. It is mostly wooded, though a small area has been cleared, and is rimmed by wetlands along the water’s edge.

A building permit for a 2,000-square-foot house that benefited from a number of Zoning Board of Appeals variances was in place for several years but expired in 2015, according to Scott Wilson, the town land management coordinator, who leads the town’s CPF acquisition efforts.

The purchase was criticized, mildly, by Springs resident David Buda, who asked what public access there would be to the property, which sits at the end of a narrow, dead-end residential street, and suggested that the sale price was high for a property on which the development potential was “difficult at best” because of multiple limitations on the small lot.

He also noted that the seller of the land is the adjacent property owner, Douglas Moore, and said the lot’s sterilization would become an “extended backyard” for the existing owner, with a $1 million bonus. Mr. Moore purchased the lot through an LLC in 2010 for $680,000, according to town records that Mr. Buda shared with The Press.

Next month, the board will consider the purchase of another Shepherd’s Neck parcel, just around the corner at the northern end of South Elroy Drive.

The parcel, which is six-tenths of an acre, is already developed with a house, owned by Mark and Marisa Borek, that has been for sale for some time. The lot is adjacent to a swath of town-owned waterfront land between South Elroy Drive and E Road. The proposed purchase price is $1,025,000, and the sellers must pay to tear down the residence and restore the land to a natural state before the sale is completed.

The Town Board will hold a public hearing on the proposed deal on April 4.

You May Also Like:

Montauk Residence With Ocean Views Sells for $5 Million

A modern residence with ocean views in Montauk, built in 1997 on a secluded 1.1-acre ... 28 Jan 2025 by Staff Writer

Oceanfront Meadow Lane Property With Unfinished Compound Sells for $49.5 Million

For about seven years, a nearly 18,000-square-foot Moroccan-inspired compound on an oceanfront property in Southampton ... by Staff Writer

Governor Unveils Proposals To Combat Housing Crisis

As part of her State of the State address, Governor Kathy Hochul is proposing new initiatives to address the state’s housing affordability crisis. The plan includes the first statewide legislation in the nation to combat rent price fixing through algorithms, a $100 million investment in the Pro-Housing Communities Fund to support housing infrastructure and the state’s first revolving loan fund for mixed-income rental development outside New York City. The governor also announced last week that her $25 billion five-year plan to build or preserve 100,000 affordable housing units is 50 percent complete and ahead of schedule. “The top driver of ... 21 Jan 2025 by Staff Writer

Waterfront North Haven Home Sells for $11.5 Million

A waterfront North Haven Village residence overlooking Shelter Island Sound from a 20-foot-high bluff has ... 17 Jan 2025 by Staff Writer

Justice Overturns Southampton Village ARB's Denial of Street-Facing Garage

A State Supreme Court justice has ordered the Southampton Village Board of Architectural Review and ... 10 Jan 2025 by Brendan J. O’Reilly

Classic Hamptons Cottage in Bridgehampton Sells for $13.2 Million

A Bridgehampton classic Hamptons “cottage” with a detached garage, gunite pool, tennis court and a ... by Staff Writer

Award-Winning Montauk Modern Sells for $9.15 Million

A new, award-winning modern waterfront home in Montauk designed by lauded architecture firm Mojo Stumer ... 6 Jan 2025 by Staff Writer

Vacant Oceanfront Lot in Ditch Plains Sells for $9 Million

In Montauk’s Ditch Plains area, a vacant oceanfront lot has sold for $9 million, the ... 3 Jan 2025 by Staff Writer

Modern Barn Sells for $5.25 Million in East Hampton

A like-new Modern Barn by Plum Builders recently sold for $5.25 million in East Hampton. ... by Staff Writer

Michaela and Paulina Keszler Join Sotheby's International Realty

Two top Hamptons agents, mother and daughter Michaela Keszler and Paulina Keszler, have joined Sotheby’s ... by Staff Writer