Presenting a rare investment opportunity in Hampton Bays,this waterfront multifamily compound offers direct Shinnecock Bay views on Penny Pond with 80 feet of frontage,a 40-foot dock,and sandy beach access. Situated on 0.44 acres,the property... features multiple income-producing structures,including a two-bedroom,two-bath main house with cathedral ceilings,a gourmet kitchen,and a living room with a fireplace. The asset also includes a two-bedroom cottage and a one-bedroom studio located above a detached two-car garage,with several units separately metered to provide flexibility for year-round rental income. Architectural plans and approvals are already in place to renovate and expand existing structures,which include a separate guest cottage and an 18-foot-by-36-foot gunite pool. Key property features include extensive landscaped grounds with a sprinkler system. This versatile property allows investors to reposition it as a boutique rental compound,operate it as a seasonal retreat,or redevelop it into a luxury waterfront estate. Located just minutes from ocean beaches at the gateway to the Hamptons,both homes are also available for lease. Call for additional details Available June 1st through Labor Day MLS ID KEY1007030

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