Courtesy: Compass Greater NY LLC
631-629-7675
Cottage Compound Near Peconic Bay – Set on 0.34 acres in Hampton Bays and located approximately 1,000 feet to the Peconic Bay shoreline, this unique three-cottage property delivers the feel of a private coastal retreat with the flexibility of multiple separate residences on one parcel. Three Separate Two-Bedroom Cottages – The compound includes three individual cottages, each offering 2 bedrooms, 1 bath, a kitchen, and a living room, with an appealing beach-cottage aesthetic originally built in 1969 and renovated in 2022. Two of the cottages include full basements with outside entrances, adding valuable utility for storage and seasonal gear. Turnkey Lifestyle With Coastal Amenities – Water views, outdoor living areas, and classic Hamptons beach energy define the experience - ideal for days on the water, kayaking or paddle boarding, rinsing off in outdoor showers, and returning to patios and open-air space for evening downtime and sunset plans nearby. Rare Multi-Unit Flexibility in a Beach Setting – A true “camp-style” compound with three independent residences is exceptionally hard to replicate, creating a compelling opportunity for an owner seeking a -friends retreat, a multi-generational setup, or a versatile investment format near one of the South Fork’s most accessible bayfront environments. Unit Breakdown – Unit 1: ±741sf (2BR/1BA) Unit 2: ±731sf (2BR/1BA) Unit 3: ±590sf (2BR/1BA)
Courtesy: Douglas Elliman Real Estate
631-288-6244
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.
Hampton Bays is located in New York. Hampton Bays, New York has a population of 16,546. Hampton Bays is more family-centric than the surrounding county with 34.71% of the households containing married families with children. The county average for households married with children is 32.94%.
The median household income in Hampton Bays, New York is $103,513. The median household income for the surrounding county is $111,660 compared to the national median of $69,021. The median age of people living in Hampton Bays is 43.3 years.
The average high temperature in July is 81.7 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 48.2 inches per year, with 28.7 inches of snow per year.
