$3,500,000

127 Inlet Road W, Hampton Bays, NY 11946

  • 4,497 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1989
  • Property Lot Size Icon0.8acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $778/sqft
  • Property List Date Icon Listed 17 days ago

Property Description

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 compound. The property is located in the Hamlet of Shinnecock Hills within the Tuckahoe School District.

Listing Status:
Active
Data Last Updated:
March 26, 2026 at 8:20PM
Listing Office:
Douglas Elliman Real Estate : 631-288-6244
MLS ID:
968703
  • Basement: Common
  • A/C: Central Air
  • Heating: Forced Air
  • Parking: DrivewayOff Site
  • Originating MLS: onekey2
  • County: Suffolk County
  • Zoning: R200900-191-00-04-00-027-001
  • Utilities: None
  • Water: Public
  • Sewer: Cesspool
  • Source: onekey2

This listing courtesy of Douglas Elliman Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

T

Tuckahoe School

468 Magee St, Southampton, NY, 11968

Grades PK-8

3.36 miles away

T

Tuckahoe School

468 Magee St, Southampton, NY, 11968

Grades PK-8

3.36 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.