16 Penny Lane

Hampton Bays, NY
$ 6,500,000 Beds 0 Baths 0 Virtual Tour
Monthly Estimate* How much can I afford?

An investment opportunity like no other, The Drake Inn offers all the best the Hamptons has to offer. Fifteen contemporary units completely renovated in a sleek modern design, new navy style bulkhead with 6 boat slips. This spectacular waterfront property has an updated inground pool along with a modern, main residence consisting of three bedrooms, five baths, a roof deck with sunset views, and a spacious sun-drenched office. The Drake Inn is a landscaped oasis and not only a lucrative investment opportunity but is also rated in the top 10% of hotels worldwide by trip advisor. Reviews from Millions of Trip Advisor Travelers Place The Drake Inn in the top 10% Worldwide! Recipient of the Tripadvisor Travelers' Choice 2020 award, as well as Certificate of Excellence for the past five years since 2014. Located on a peninsula, the property's water access and boat slips lead directly to Shinnecock Bay. Minutes to the Ponquogue Bridge, Dune Road beaches, waterfront dining, and village.

Business Op

  • Price
  • $ 6,500,000
  • Lot Size
  • 0.96 Acres
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Half Bathrooms
  • 0
  • City, Zip
  • Hampton Bays
  • County
  • SUFFOLK
  • Style
  • Mixed Use
  • Area
  • 31
  • MLS#
  • 3261531
  • Zip
  • 11946
Listing Provided by: Margaret R Grioli | with Douglas Elliman Real Estate
Data Source: OneKey MLS

Features

General

Buildingareaunits Square Feet
Business Name Drake Inn
Business Type Hotel/Motel, Mixed
Property SubType Mixed Use
Property Type Business Opportunity
Township Southampton
Waterfront Features Canal Access, Creek, Waterfront

Exterior Features

Businessparkingspaces 17
Loading Docks 6
Lot Size Acres 0.9600
Lot Size Area 0.9600
Lot Size Source Other
Lot Size Square Feet 42000.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Flushing, NY office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

10/15/2020 Listed $6,500,000

Property vs Zip Code Average in 11946

Price
AVG $4.14M
$6.5M
Visits
AVG 60
36
Walkscore
AVG 26
25
Data Provided by Walkscore ® not using MLS data

Map

In The Neighborhood

Areas That We Cover

16 Penny Lane Hampton Bays, NY is a Single Family Home for sale at $6500000 and a lot size of 0.96 Acres Acre(s). 16 Penny Lane Hampton Bays has 0 bedrooms, 0 baths . The property's zip code is 11946 which is in Hampton Bays, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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