248 W Lake Dr, Montauk, NY 11954
SOLDOCT 5, 2023

248 W Lake Dr
Montauk, NY 11954

  • 4 Beds
  • 4 Baths
  • 3,500 sqft (on 1.15 acres)
  • 4 Beds
  • 4 Baths
  • 3,500 sqft (on 1.15 acres)

$7,000,000

Last Sold: Oct 5, 2023
5% below list $7.35M
$2,000/sqft
Est. Refi. Payment $46,737/mo*
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Homes for Sale Near 248 W Lake Dr

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Local Information

map showing home location
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-- mins to
Commute Destination

Description

This property is not currently for sale or for rent on Trulia. The description and property data below may have been provided by a third party, the homeowner or public records. This description is from October 30, 2023
Fantastic opportunity to own a gut-renovated waterfront property with a wide sandy beach on Lake Montauk. Tucked off the road, the sprawling property boasts a 3,500 sq ft home, fully renovated in 2016 with stylish living spaces throughout. A perfect setting for future development, this property presents a unique opportunity to live here as is or develop the property as desired up to +/- 5,000 sq ft with the potential to add a pool. The existing home's main living areas are open and airy with walls of glass overlooking the water. The kitchen has been updated with stainless steel appliances, breakfast area, center island, bar area with wine fridge, ice maker, and plenty of storage, flanked by a spacious dining area, all of which overlook the lake. The living room has double-height ceilings, a stone fireplace, and folding glass doors that open to a gorgeous deck perfect for outdoor dining and lounging on the waterside. The south side of the home's interior features the luxe master suite with its own private bath, an office, a walk-in closet, and access to the outdoor deck. Two guest bedrooms and a full bathroom are also found on this side of the home. Down the hall, there is a laundry closet, a full bathroom, and a private guest bedroom with its own access outdoors. The exterior has been perfectly landscaped and features an outdoor shower, hot tub, and plenty of lounge areas. Don't miss this unique waterfront opportunity!
Property Website

Home Highlights

Parking
None
Outdoor
No Info
A/C
Cooling only
HOA
None
Price/Sqft
$2,000/sqft
Listed
180+ days ago

Home Details for 248 W Lake Dr

Interior Features

Levels, Entrance, & Accessibility
Stories: 1
Heating & Cooling
Air ConditioningCooling System: Central Air
Fireplace & Spa
Fireplace

Property Information

Year Built
Year Built: 1985
Property Type / Style
Property Type: Single Family Home

Exterior Features

Parking & Garage
Parking: None

Price & Status

Price
Price Per Sqft: $2,000/sqft

Media

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Lot Information

Lot Area: 0.00 Acres

Price History for 248 W Lake Dr

DatePriceEventSource
10/05/2023$7,000,000Sold
N/A
08/04/2023$7,350,000PendingOut East #364113
07/19/2023$7,350,000Listed For SaleOut East #364113
11/07/2022ListingRemovedOut East
03/08/2022$7,500,000Listed For SaleOut East #364113
05/20/2021$4,700,000Sold
N/A
05/08/2021$4,900,000PendingOut East #356778
03/04/2021$4,900,000Listed For SaleAgent Provided
02/29/2016$3,500,000Sold
N/A
06/28/2015$3,850,000Listed For SaleAgent Provided
11/19/1999$975,000Sold
N/A

Property Taxes and Assessment

Year2023
Tax
Assessment$14,350
Home facts updated by county records

Comparable Sales for 248 W Lake Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
16 Gilbert Road, Montauk, NY
0.22
Single-Family Home
$2,155,000
05/08/23
4
5
3,652
324 E Lake Drive, Montauk, NY
1.17
Single-Family Home
$3,200,000
12/29/23
4
3
2,200
80 Old West Lake Drive, Montauk, NY
1.05
Single-Family Home
$3,200,000
12/21/23
3
2
2,078
97 Old West Lake Drive, Montauk, NY
1.01
Single-Family Home
$2,060,000
06/26/23
3
3
2,650
252 Fairview Ave, Montauk, NY
0.51
Single-Family Home
$1,175,000
10/09/23
2
2
1,200
117 S Forrest Street, Montauk, NY
1.33
Single-Family Home
$2,525,000
10/05/23
4
3
3,067

Assigned Schools

These are the assigned schools for 248 W Lake Dr.
GreatSchools ratings are based on test scores and additional metrics when available.
Check with the applicable school district prior to making a decision based on these schools. Learn more.

What Locals Say about Montauk

  • Harrison D.
    "The school choices suck, the island can get boring during winter for older teens and underaged adults. Work is good when its summer. Dont enroll your child in East Hampton High School if you can afford to. "
    25
    Flag
  • Israel872017
    "Montauk NY Is the best. Place of the Hamptons Summer is fantastic in the magic world and all the beach is clear and so fresh water "
    1
    Flag
  • Contractinggmd
    "Sucks need a car or Uber beach is close depending on where u live otherwise better like to exercise "
    1
    Flag
  • Trulia User
    "I’ve lived in this neighborhood my whole life and am now raising my own family here. My childhood friends are doing the same. "
    0
    Flag
  • Elycoste242
    "Very safe, friendly people, clean, Beautiful beaches, great school A lot of hotels, bars,restaurants "
    2
    Flag
  • Ray L. I.
    "This is a superb location and has access to everything you need and want. From restaurants to shops to the beach you cannot ask for more here. Lots of parks and recreation in the nearby area as well. "
    1
    Flag
  • Meg
    "Have a boat out there for 10 years. Just bring flip flops and bathing suits. No fancy needed here, that's not what it is about. Sit back and enjoy!"
    3
    Flag

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Homes for Rent Near 248 W Lake Dr

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Off Market Homes Near 248 W Lake Dr

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248 W Lake Dr, Montauk, NY 11954 is a 4 bedroom, 4 bathroom, 3,500 sqft single-family home built in 1985. This property is not currently available for sale. 248 W Lake Dr was last sold on Oct 5, 2023 for $7,000,000 (5% lower than the asking price of $7,350,000). The current Trulia Estimate for 248 W Lake Dr is $7,559,200.