BEDS8
BATHS5 full
MLS#1012493
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLWesthampton Beach
Property Description
Prime Investment & Income-Producing Opportunity in East QuogueDiscover a rare and versatile multi-residence compound in the heart of East Quogue, offering exceptional investment potential and a proven history of rental income with a 7.1% cap rate. Whether you're seeking a lucrative income-producing property, a private retreat, or a combination of both, this unique offering presents endless possibilities. The centerpiece of the property is a charming farmhouse, once a popular Bed and Breakfast from the 1900's, The Morgan Tourister. Filled with generous living space, the home comfortably accommodates you and your guests, featuring five bedrooms, living room, formal dining room, spacious eat-in country kitchen, den, and expansive outdoor areas. Unwind and enjoy peaceful afternoons on the inviting wraparound porch overlooking the property's beautiful grounds. Complementing the main residence are two separate one-bedroom cottages and an attached studio, each with its own private yard area, providing ideal accommodations for guests and tenants. Rental permits are already in place, making this a turnkey opportunity for immediate income generation. The grounds offer ample parking, abundant outdoor entertaining areas, and room for a pool, creating even more opportunities to enhance and personalize the estate. Bordering a picturesque 35-acre tree farm and ideally situated on the Quogue border, this desirable location is just moments from East Quogue's charming shops, restaurants, ocean beaches, train service, Hampton Jitney stops, and less than two hours from New York City. A truly unique opportunity to own a multi-residence compound with established rental history, bordering beautiful open space, in one of the Hamptons most sought-after locations.
Property Features
Property Type: Multi Unit - Multiple
Basement: Bilco Door(s), Unfinished
Basement: Yes
Cooling: Wall/Window Unit(s)
Fireplaces: 1
Heating: Oil
Home Style: Farmhouse
Lot Size: 0.92 Acres
Taxes: $9,720
Year Built: 1909
Amenities
First Floor Bedroom
First Floor Full Bath
Built-in Features
Eat-in Kitchen
Entrance Foyer
Formal Dining
Original Details
Pantry
Primary Bathroom
Feature Descriptions
Building Area Total: 10044
Exterior: Frame
Fireplace Y/N: Yes
Flooring: Wood
Formal Dining: Yes
Heating Zones: 3
On Market Date: 2026-06-26
Other Structures: Shed(s)
Parcel Number: 0900-339-00-01-00-004-000
Parking Features: Private
Rental Term: Monthly
Sewer: Septic Tank
Units: 4
Utilities: Electricity Connected, Trash Collection Private, Water Connected
Water: Public
Local Schools
High School: Westhampton Beach Senior High Sch
Middle School: Westhampton Middle School
Elementary School: East Quogue School
School District: Westhampton Beach
Estimate Your Payment
Estimated Payment
$ 12,576.06 per month $11,124.40 Principal & Interest $810.00 Property Tax $641.67 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Douglas Elliman Real Estate
Agency Contact: 631-288-6244
Shown By
Agent Name: Kathleen Kearns-gonzalez
Agent Phone: (631) 664-9554 Cell
Agency Title: Coldwell Banker American Homes
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718 Montauk Highway | MLS# 1012493
This multi-family property located at 718 Montauk Highway , East Quogue, NY 11942 is currently listed for sale with an asking price of $2,200,000. Montauk Highway is located within the Westhampton Beach school district. Search East Quogue real estate on kkgonzalez.cbamhomes.com today.