Buy with Yoreevo
$2,161,500
List Price: $2,200,000
Share Listing
Save Listing

718 Montauk Highway

House in East Quogue •  building info
8bd • 5ba • 40,075ft² $55 per ft²
Buy with Yoreevo

$2,161,500

List Price

$2,200,000

Key Details
Days on market
54
Last price change
loading...
Estimated payment
$12,681/mo
Taxes
$810/mo
Maintenance
N/A
Description
Prime Investment & Income-Producing Opportunity in East Quogue Discover a rare and versatile multi-residence compound in the heart of East Quogue, offering exceptional investment potential and a proven history of rental income. 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.

Hide full description

Home features
Fireplace
Hardwood floors
Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$2,200,000
Asking Price: $2,200,000
Term
30 Years
Down Payment
$220,000 (10%)
Min: 10% (220,000)
Rate
6.0 %
Mortgage Amount
$1,980,000
Mortgage Payment
$11,871
Taxes
$810
Estimated Yoreevo rebate
$38,500
Estimated closing cost
$81,000
Total monthly cost $12,681
Buy your dream home with us and get an estimated
$38,500 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Douglas Elliman

Information ©2026, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.