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240 Old Montauk Highway Goes For $10.5M

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In what could be the biggest sale Montauk sees this year, this six-bedroom recently closed for $10.5M. The 4000 sq. ft. home sits on 2.2 oceanfront acres and offers a 1000 sq. ft. top floor master suite, a direct path to the ocean, and some pretty incredible views...not too shabby. Regardless, some Curbed readers considered it a dated teardown when it was a PriceSpotter contestant?though less critical commenters thought it was "a spectacular setting and well situated house" that could use some "decorating and some furnishings" when we noted it had entered into contract at the end of May. Considering the new owner was able to purchase the place for $1M less than the final listed asking price, they should have a nice little budget to gussy the place up.

· Listing: 240 Old Montauk Highway [Town & Country]