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Big Reveal: How Much for Four Cottages on Fort Pond?

Address: 64 S Elroy Drive, Montauk
Price: $2,095,000
One commenter had some questions. "What's the zoning for this? Is the configuration grandfathered?" We don't know the zoning but we're fairly certain the configuration is grandfathered. "Could you keep the main house and rent out any or all of the others?" The listing says, "Proven rental income history provides great investment returns." So the answer is yes. "Tear any or all down?" We're sure you could but you'd destroy some of the property value if you did. "I love this as a family compound, think it is way cool. But the value and price depends on the allowable options."
· Montauk Waterfront Spectacular [Corcoran]
· How Much for Four Renovated Cottages on Fort Pond? [CH]