718 Montauk Hwy
Listing Notes
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.
Price in context
Cheaper than 42% of the 24 homes listed nearby right now, which run $1,250,000 to $2,750,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 55 W End Ave | $1,250,000 | 2 bd · 2 ba |
| 19 Fox Hollow Dr | $1,349,900 | 4 bd · 4 ba |
| 15 Walnut Ave | $1,399,000 | 3 bd · 3 ba |
| 53 End Ave | $1,399,000 | 3 bd · 2 ba |
| 53 W End Ave | $1,399,000 | 3 bd · 2 ba |
| 6 Dogwood St | $1,495,000 | 3 bd · 3 ba |
| 21 Sunset Ave | $1,499,000 | 3 bd · 3 ba |
| 39 Foster Rd Unit A | $1,595,000 | 4 bd · 4 ba |
| 39A Foster Rd | $1,595,000 | 4 bd · 4 ba |
| 18 Landing Ln | $1,625,000 | 5 bd · 4 ba |
| 1 Sunset Ave | $1,650,000 | 5 bd · 5 ba |
| 144 Damascus Rd | $1,750,000 | — |
| 121 Montauk Hwy | $1,851,000 | 3 bd · 3 ba |
| 1 Bayside Ave | $1,999,999 | 3 bd · 2 ba |
| 4 Lakewood Ln | $2,295,000 | 4 bd · 3 ba |
| 133 Old Country Rd | $2,395,000 | 5 bd · 6 ba |
| 14 Halsey Ave | $2,450,000 | 4 bd |
| 125 Montauk Hwy | $2,495,000 | — |
| Nc12 Landing Ln | $2,499,000 | 5 bd · 7 ba |
| 12 Lakewood Ln | $2,500,000 | 4 bd · 3 ba |
| 4 Polo Grounds Ln | $2,500,000 | 4 bd · 5 ba |
| 3 Polo Grounds Ln | $2,690,000 | 4 bd · 6 ba |
| 26 Box Tree Rd | $2,699,000 | 6 bd · 6 ba |
| 4 Birch St | $2,750,000 | 5 bd · 6 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more
OpenRealtor, a RealtyLens company. Listing facts are drawn from public feeds and enriched with NYC public records. This is not the original listing site.