35 Gardners Ln Hampton Bays, NY 11946
Estimated payment $10,810/month
Highlights
- Waterfront
- 3 Car Detached Garage
- Baseboard Heating
- Open Floorplan
About This Home
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.
Listing Agent
Douglas Elliman Real Estate Brokerage Phone: 631-288-6244 License #10401389141 Listed on: 03/09/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,309
Year Built
- Built in 1992
Lot Details
- 19,166 Sq Ft Lot
- Waterfront
Parking
- 3 Car Detached Garage
- Parking Lot
Home Design
- Duplex
- Vinyl Siding
Interior Spaces
- Open Floorplan
- Crawl Space
Bedrooms and Bathrooms
- 4 Bedrooms
- 5 Full Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Baseboard Heating
- Heating System Uses Oil
- Cesspool
- Cable TV Available
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 0900-322-00-04-00-002-000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | -- | $818,900 | $485,000 | $333,900 |
| 2023 | -- | $818,900 | $485,000 | $333,900 |
| 2022 | $12,036 | $818,900 | $485,000 | $333,900 |
| 2021 | $12,036 | $807,500 | $485,000 | $322,500 |
| 2020 | $13,219 | $807,500 | $485,000 | $322,500 |
| 2019 | $13,219 | $0 | $0 | $0 |
| 2018 | -- | $661,500 | $411,500 | $250,000 |
| 2017 | $11,683 | $661,500 | $411,500 | $250,000 |
| 2016 | $11,990 | $661,500 | $411,500 | $250,000 |
| 2015 | -- | $661,500 | $411,500 | $250,000 |
| 2014 | -- | $661,500 | $411,500 | $250,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/09/2026 03/09/26 | For Sale | $1,800,000 | -- | $350 / Sq Ft |
Source: OneKey® MLS
MLS Number: 968687
APN: 473689 322.000-0004-002.000
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Based on information submitted to the MLS GRID
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