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249 E Lake Dr, Montauk, NY, 11954

3beds
3baths
2,488sqft
$5,995,000
$2,410price/sqft
$40,858/moest. monthly cost
$1,634,320/yrincome needed

About This Home

Montauk waterfront living at its finest, offering approximately 110A± feet of private waterfront and a rare opportunity to own approximately 3/4 of an acre of Lake Montauk itself, capturing breathtaking sunsets year-round. Positioned on one of the highest lots on East Lake, this .70-acre property presents a unique opportunity with room to expand, add a pool, and further enhance the already exceptional setting. The lake itself features over 6ft. of depth, placing it among the deepest areas, with the potential to add a mooring and enjoy seamless boating access to the Montauk Inlet and open ocean. Spanning approximately 2,448 square feet, this three-bedroom, 2.5-bath residence is thoughtfully designed to maximize its surroundings, capturing sweeping water views throughout while filling the interiors with natural light. Just 0.2 miles from Montauk Lake Club, the location offers both privacy and proximity. Upon entry, the main level immediately opens to panoramic water vistas, with sunlight pouring through sliding glass doors that lead to an expansive rear deck. The living room, anchored by a fireplace, flows effortlessly into an open kitchen with countertop seating and top-of-the-line appliances, alongside a dining area that connects directly to the outdoors, creating a seamless indoor-outdoor experience overlooking the water. A quiet sitting area provides an additional space to unwind, while the primary suite is privately positioned on this level, offering exceptional water views, a walk-in closet, and a spa-like bath with dual sinks and a soaking tub, all oriented toward the water. The lower level includes two guest bedrooms, enhanced by a pocket door for added privacy, a full bathroom, and a dedicated office, all with direct access to the landscaped grounds. Completing this level is an indoor Endless Pool, extending the usability of the home year-round. The grounds are equally compelling, featuring direct private water access, multiple areas to take in both sunrise mornings and sunset evenings, and a detached garage with a connected greenhouse designed with dual garage-style doors, allowing full access and flow between both spaces. A rare offering, this property embodies the essence of Montauk waterfront living, where elevation, light, privacy, and setting come together effortlessly.Some images have been digitally altered.

Getting Around

4
WalkingCar-Dependent
0
TransitVery Limited Transit
31
BikeSomewhat Bikeable

Schools

7/10
Montauk SchoolGrades PK-83.0 mi

Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Basement: No

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Cooling

  • Cooling features: Central Air

Features

  • Fireplace: Yes

Interior Area

  • Total structure area: 2,488
  • Total interior livable area: 2,488 sqft

Property

Details

  • Parcel number: 0300013000100016000

Features

  • Stories: 2
  • Private pool: Yes
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Waterfront
  • Frontage type: Waterfront

Lot

  • Lot size: 0.70 Acres

Parking

  • Parking features: GarageDetached
  • Has garage: Yes

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
    Coastal FloodingModerate
  • Hurricane
    HurricaneModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Winter Weather
Tsunami

FEMA Declared Disasters in Suffolk County and New York

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tropical Storm
Winter Storm

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

MonthlyAnnual
Mortgage $30,313$363,756
Home Insurance *$2,041$24,492
Property Taxes $8,093$97,116
Electricity $411$4,933
Total$40,858$490,296
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,400,845/yr
40% on housing$1,225,740/yr
45% on housing$1,089,546/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

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.

Insurance Growth Rate5-year average: 4.6%
4.6%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$2,410This listing

vs Other Active Listings

Avg $/sqft

ZIP 11954$1,478
Suffolk County$723

vs Homes Sold Last Month

Median $/sqft

ZIP 11954$870
Suffolk County$412

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

DateEventPrice
2026-04-14Listed for sale$5,995,000
2021-01-29Listing removed--
2019-10-01Price change$35,000
2019-07-18Price change$42,000
2019-04-23Price change$34,000
2018-12-14Listed for rent$25,000
2018-08-06Listing removed$25,000
2018-04-20Listed for rent$25,000
2018-02-20Listing removed$25,000
2017-10-19Price change$25,000
2017-09-19Price change$42,000
2017-09-07Price change$35,000
2017-03-01Listed for rent$25,000
2016-12-12Listing removed$35,000
2016-05-25Listing removed$25,000
2015-11-17Listed for rent$35,000
2015-09-24Listing removed$20,000
2015-09-23Price change$20,000
2015-09-10Price change$40,000
2015-05-14Price change$45,000
2015-04-24Listed for rent$40,000
2003-12-10Sold$740,000

For Sale by Agent

AgentKyle Rosko - Real Estate Sales Person
BrokerageDouglas Elliman Real Estate

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