Montauk Airport property for sale at $18M
The privately owned, public-use airport at Montauk dates to the late 1950s. The property was put on the market in July 2012 for $18 million. Credit: Kevin P. Coughlin, 2010
A 37-acre property is for sale in Montauk, with plenty of space for pools and tennis courts, and there's already a landing strip built in.
Montauk Airport is on the market for $18 million. The property at 428 E. Lake Dr. is a plot of residential land with an ocean view, listed with Prudential Douglas Elliman.
Though it currently has a 3,200-foot-long strip of asphalt and a 45-by-36-foot airplane hangar, Prudential broker Ronald White said it has the potential to be divided into six lots for single-family homes.
"It's just a matter of removing the asphalt and formulating the lots," he said. "Montauk is sort of like an untapped part of the Hamptons that was rediscovered, and in the next five to 10 years it will be developed."
White said there have been more than 15 calls from potential buyers in the two weeks the site has been listed.
Montauk Airport currently operates as a privately owned, public-use airport. It was constructed in the late 1950s to improve access to the East End.
The reason for selling it is that "no one's really using it as much as they used to," White said. The airport is owned by a group of six individuals who inherited it.
But private plane owners need not worry just yet. All of the interested parties have not expressed an interest in developing the property, White said, but have said they'd like to keep it as an airport.
