35 Gardners Ln

Immerse yourself in the vibrant community surrounding this prime Hampton Bays location. With prestigious neighbors such as the Atlantic Ocean, Shinnecock Hills Golf Club, and the tranquil Peconic Bay, the area offers unparalleled lifestyle amenities. Indulge in delectable seafood at nearby waterfront restaurants, explore the charming boutiques and galleries, and enjoy outdoor activities like boating and fishing. Hampton Bays is also conveniently located in close proximity to the Hamptons' renowned cultural attractions, making it an ideal setting for professionals seeking a perfect work-life balance. Discover the dynamic opportunities that await in this coveted coastal locale.Presenting a rare investment opportunity in Hampton Bays: a waterfront property with direct Shinnecock Bay views, 80 feet of frontage, a 40-foot dock, and sandy beach access. Situated on 0.49 acres, this compound offers multifamily zoning and multiple income-producing structures, making it an ideal candidate for investors seeking rental upside or redevelopment potential. The property is anchored by a two-bedroom, two-bath main house with an open floor plan, cathedral ceilings, gourmet kitchen, dining area, and living room with fireplace. Architectural plans and approvals are in place to renovate and expand the existing structures, including a separate guest cottage and an 18-foot-by-36-foot gunite pool. Additional residences include a two-bedroom, one-bath cottage, a one-bedroom, one-bath studio above a two-car detached garage, and ample outdoor decking for entertaining and relaxation. Key property features include sprinklers, extensive landscaped grounds, and low annual taxes of only $14,309. Several units are separately metered, offering flexibility for year-round rental income. With multifamily zoning, bay views, and strong demand for waterfront rentals, this asset provides investors with multiple strategies: reposition as a boutique rental compound, operate as a seasonal retreat, or redevelop into a luxury waterfront estate. Located just minutes from ocean beaches and at the gateway to the Hamptons, this property combines lifestyle appeal with investment-grade fundamentals. Both homes are also available for lease.