1 Captain Balfour Way, Montauk, NY, 11954
About This Home
Positioned in one of Montauk's most sought-after locations, this elevated 1.3A± acre corner lot offers sweeping, unobstructed water views over Fort Pond Bay and out toward Gardiner's Island. Surrounded by multimillion-dollar homes and directly across from protected land, the property provides a rare opportunity to create a substantial new construction residence with pool, subject to permits and approvals. The site's natural elevation maximizes dramatic sunsets and panoramic bay vistas, while this placement enhances privacy and design flexibility. Nearby paths lead to bay beach access, and the property is conveniently located a short distance from Montauk's ocean beaches, town amenities, and harbor area, offering easy access to dining, shopping, boating, and transportation. With its combination of premier water views, privacy, and proximity to Montauk's key destinations, this parcel is an exceptional canvas for a custom home in a highly desirable coastal setting.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Basement
- Basement: No
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 0300009000100008011
Lot
- Lot size: 1.29 Acres
Parking
- Parking features: None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Hurricane
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Suffolk County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $16,180 | $194,160 |
| Home Insurance * | $1,089 | $13,068 |
| Property Taxes | $4,320 | $51,840 |
| Electricity | $246 | $2,954 |
| Total | $21,835 | $262,020 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-06 | Listed for sale | $3,200,000 |
| 2020-12-29 | Sold | $1,550,000 |
| 2020-11-19 | Pending sale | $1,550,000 |
| 2020-02-22 | Listed for sale | $1,550,000 |
| 2020-01-14 | Listing removed | $1,599,000 |
| 2018-11-12 | Price change | $1,599,000 |
| 2014-12-30 | Listed for sale | $1,950,000 |
| 1999-10-04 | Sold | $312,500 |
For Sale by Agent
View on Zillow