127 Inlet Road W, Hampton Bays, NY 11946

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Property Description

Discover a rare investment compound just 100 yards from Peconic Bay beach access at the gateway to Southampton. Situated on a beautifully landscaped 0.80-acre parcel in the Hamlet of Shinnecock Hills, this unique property features five free-standing, year-round residences: a 4-bedroom, 3-bath main house and four additional renovated cottages (three 2-bedroom units and one 1-bedroom unit). Each residence is well-appointed, separately metered, and offers private outdoor space, ensuring low owner overhead and high tenant satisfaction. Shared amenities include an outdoor shower, lush garden lounge areas, a productive vegetable/fruit garden, and ample storage for bikes and kayaks, supported by three large parking areas and shared laundry. With a robust rental history and significant upside for repositioning as a boutique retreat, B&B, or high-end rental compound, this asset delivers immediate cash flow and long-term value-add potential. Located within the Tuckahoe School District with incredibly low annual taxes of approximately $5,977. Minutes from world-class dining, transportation, and ocean beaches, this is a premier East End portfolio piece. Some images have been virtually staged; unedited photos available upon request.

127 Inlet Road W | MLS# 993361

This single family home located at 127 Inlet Road W, Hampton Bays, NY 11946 is currently listed for sale with an asking price of $3,500,000. This property was built in 1989 and has 4 bedrooms and 3 full baths. Inlet Road W is located within the Hampton Bays school district. Search Hampton Bays real estate on deborah-smith-real-estate-team.coldwellbankerprime.com today.

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Property Features

Property Type: Residential - Single Family
Basement: See Remarks
Cooling: Central Air
Heating: Forced Air, Other
Home Style: Other
Lot Size: 0.80 Acres
Taxes: $0
Year Built: 1989

Amenities

Other

Feature Descriptions

Appliances: Other
Exterior: Cedar, Shingle Siding
On Market Date: 2026-05-01
Parcel Number: 0900-191-00-04-00-027-001
Parking Features: Driveway, Off Site
Rental Term: Monthly
Rooms Total: 8
Sewer: Cesspool
Utilities: None
Water: Public

Local Schools

High School: Hampton Bays High School
Middle School: Hampton Bays Middle School
Elementary School: Hampton Bays Elementary School
School District: Hampton Bays

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Estimated Payment

$ 8,810.32 per month $7,789.48 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,020.83 Homeowner's Insurance

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(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Douglas Elliman Real Estate
Agency Contact: 631-288-6244

Shown By

Agent Name: Deborah Smith Real Estate Team
Agent Phone: Primary
Agency Title: Coldwell Banker Prime Properties

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