Here's a unique property, which is currently owned by Charles and Wendy Entenmann of the crumb cake family. Actually, according to eloquent listing agent Gary De Persia, it's a "singular harbor front opportunity just emerged from the cool waters in very hot Montauk." Anyway, there's almost seven acres of land on four adjacent parcels, right on East Lake Drive, walking distance to Gin Beach. Two of the lots are empty, while one has warehouses, a 150' dock, a boathouse and a two-bedroom apartment; another has a recently built two-bedroom cottage. While of course the property could be used commercially, a spectacular estate could also be built here, accessible by land, sea, and air. (Montauk Airport is just down the road.) Asking price is $24.95M.
· 521 East Lake Drive Montauk [Corcoran]