BEDS4
BATHS3 full
MLS#993361
STATUSActive
PROPERTY TYPEResidential - Single Family
SCHOOLHampton Bays
Property Description
Discover a rare investment compound just 100 yards from Peconic Bay beach access at the gateway to Southampton. Situated on a beautifully landscaped 0.80-acre parcel in the Hamlet of Shinnecock Hills, this unique property features five free-standing, year-round residences: a 4-bedroom, 3-bath main house and four additional renovated cottages (three 2-bedroom units and one 1-bedroom unit). Each residence is well-appointed, separately metered, and offers private outdoor space, ensuring low owner overhead and high tenant satisfaction. Shared amenities include an outdoor shower, lush garden lounge areas, a productive vegetable/fruit garden, and ample storage for bikes and kayaks, supported by three large parking areas and shared laundry. With a robust rental history and significant upside for repositioning as a boutique retreat, B&B, or high-end rental compound, this asset delivers immediate cash flow and long-term value-add potential. Located within the Tuckahoe School District with incredibly low annual taxes of approximately $5,977. Minutes from world-class dining, transportation, and ocean beaches, this is a premier East End portfolio piece. Some images have been virtually staged; unedited photos available upon request.
Property Features
Property Type: Residential - Single Family
Basement: See Remarks
Cooling: Central Air
Heating: Forced Air, Other
Home Style: Other
Lot Size: 0.80 Acres
Taxes: $0
Year Built: 1989
Amenities
Other
Feature Descriptions
Appliances: Other
Days on Site: 35
Exterior: Cedar, Shingle Siding
On Market Date: 2026-05-01
Parcel Number: 0900-191-00-04-00-027-001
Parking Features: Driveway, Off Site
Rental Term: Monthly
Rooms Total: 8
Sewer: Cesspool
Utilities: None
Water: Public
Local Schools
High School: Hampton Bays High School
Middle School: Hampton Bays Middle School
Elementary School: Hampton Bays Elementary School
School District: Hampton Bays
Listed By / Shown By
Listing By
Agency Name: Douglas Elliman Real Estate
Agency Contact: 631-288-6244
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimate Your Payment
Estimated Payment
$ 8,810.32 per month $7,789.48 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,020.83 Homeowner's InsuranceChange Payment Information
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127 Inlet Road W | MLS# 993361
This single family home located at 127 Inlet Road W, Hampton Bays, NY 11946 is currently listed for sale with an asking price of $3,500,000. This property was built in 1989 and has 4 bedrooms and 3 full baths. Inlet Road W is located within the Hampton Bays school district. Search Hampton Bays real estate on www.coldwellbankerchoice.com today.