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Off market
  • $3,360,900

    127 Inlet Rd W #A, Hampton Bays, NY 11946

    11beds
    --sqft
    Multi Family
    Built in 1989
    -- sqft lot
    $3,360,900 Zestimate®
    $--/sqft
    $4,102 Estimated rent

    Home value

    $3,360,900

    $3.19M - $3.53M

    $4,102/mo

    Zestimate® history
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    $4,102/mo

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    Rent Zestimate®

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    $24,233/mo

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    $24,233/mo

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    What's special

    Presenting a rare opportunity to acquire a compound enclave just 100 yards from beach access to Peconic Bay. Located at 127 Inlet Road West, at the gateway to Southampton, this property comprises five free-standing residences on a beautifully landscaped 0.80-acre parcel. The compound is anchored by a four-bedroom, three-bath main house, complemented by four additional residences: Cottage 1 (two bedrooms/one bath), Cottage 2 (one bedroom/one bath), Cottage 3 (two bedrooms/one bath), and Cottage 4 (two bedrooms/one bath). Each residence is year-round, renovated, well-appointed, separately metered, and offers private outdoor space. Shared amenities include an outdoor shower, multiple garden lounge areas, a productive vegetable and fruit garden, ample storage sheds for bikes and kayaks, shared laundry facilities, and three large parking areas. The property has a long rental income history, with several units offered fully furnished. Importantly, historical rents achieved at this compound were significantly higher than current levels, underscoring the potential for strong upside through repositioning, management optimization, or targeted marketing. This makes the asset particularly attractive for investors seeking value-add opportunities in a high-demand location. With its proximity to Peconic Bay, flexible unit mix, and established rental track record, the compound is well-suited for a variety of uses including a boutique bed and breakfast, year-round rental investment, wellness retreat, or family compound. The property is located in the Hamlet of Shinnecock Hills within the Tuckahoe School District.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked: 7 hours ago

    Source: Out East,MLS#: 393972

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 7
    • Full bathrooms: 7
    Cooling
    • Central Air
    Features
    • Basement: Yes
    • Has fireplace: No
    Interior area
    • Total structure area: 0

    Property

    Parking
    • Parking features: None
    Features
    • Stories: 2

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1989

    Community & neighborhood

    Location
    • Region: Hampton Bays

    Price history

    DateEventPrice
    3/27/2026Listing removed$3,500,000
    Source: Out East #393972 Report a problem
    3/7/2026Listed for sale$3,500,000
    Source: Out East #393972 Report a problem
    12/23/2024Listing removed$4,200-11.6%
    Source: Zillow Rentals Report a problem
    12/21/2024Listed for rent$4,750+48.4%
    Source: Zillow Rentals Report a problem
    1/1/2024Listing removed--
    Source: Zillow Rentals Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 11946

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $3,360,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $3,360,900