Reason, Relationship, Real estate
Waterfront
Address
16 Penny Lane Hampton Bays, NY
Price
$ 6,500,000
Property Attributes
  • MLS#3261531
  • TypeBusiness Op
  • CountySUFFOLK
  • CityHampton Bays
  • Area31
  • NeighborhoodSouthampton
  • Zip11946
  • StyleMixed Use
  • Price$ 6,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.96 Acres
Listing Provided Courtesy Of:
Margaret R Grioli with Douglas Elliman Real Estate
Data Source:
OneKey MLS
Property Description

An investment opportunity like no other, The Drake Inn offers all the best the Hamptons has to offer. Fifteen contemporary units completely renovated in a sleek modern design, new navy style bulkhead with 6 boat slips. This spectacular waterfront property has an updated inground pool along with a modern, main residence consisting of three bedrooms, five baths, a roof deck with sunset views, and a spacious sun-drenched office. The Drake Inn is a landscaped oasis and not only a lucrative investment opportunity but is also rated in the top 10% of hotels worldwide by trip advisor. Reviews from Millions of Trip Advisor Travelers Place The Drake Inn in the top 10% Worldwide! Recipient of the Tripadvisor Travelers' Choice 2020 award, as well as Certificate of Excellence for the past five years since 2014. Located on a peninsula, the property's water access and boat slips lead directly to Shinnecock Bay. Minutes to the Ponquogue Bridge, Dune Road beaches, waterfront dining, and village.

Price History
10/15/2020 Listed $6,500,000

General Features

Buildingareaunits Square Feet
Business Name Drake Inn
Business Type Hotel/Motel, Mixed
Property SubType Mixed Use
Property Type Business Opportunity
Township Southampton
Waterfront Features Canal Access, Creek, Waterfront

Exterior Features

Businessparkingspaces 17
Loading Docks 6
Lot Size Acres 0.9600
Lot Size Area 0.9600
Lot Size Source Other
Lot Size Square Feet 42000.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 11946

Price
AVG $4.14M
$6.5M
Visits
AVG 56
33
Walkscore
AVG 26
25
Data Provided by Walkscore ® not using MLS data

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