Listing Courtesy of: Kelly DiJorio - Daniel Gale Sothebys Intl Rlty 631-288-1050
For Sale
$9,250,000 affordable loan icon Calculate Payment

278 W Lake Dr Montauk, NY 11954

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Single Family Residence
6 Beds
4 Baths
3,706 Sq. Ft.

Property Activity

Time on Site
62 days
Days on Market
Views
7
Saves
0
Last updated on 1/6/2025 11:16 AM
This custom-built waterfront Estate, sits on the shores of Lake Montauk, offering panoramic water views from nearly every room. Set on 0.73 acres, this 6-bed, 4-bath home features a bright, open floor plan with a beachy Hamptons aesthetic. The kitchen is designed for entertaining with generous count...er space, and a welcoming atmosphere that flows seamlessly into the dining and living areas. Perfect for hosting large gatherings, the home includes a spacious indoor dining area with a grand table, along with an additional large dining setup outdoors for al fresco entertaining. Upstairs you are greeted with five guest bedrooms and the oversized primary en-suite overlooking Lake Montauk. The beautifully designed patio provides multiple seating areas, a covered space with a gas fireplace, and an outdoor shower. The expansive lawn leads to your private beach with direct access to Lake Montauk and the bay beyond. A 2-car garage and full basement offers potential flexible space or storage. Continue reading
MLS#
L3589585
Property Type
Single Family
Bedrooms
6
Bathrooms
4 Full
Year Built
1973
Square Feet
3,706 sq. ft
Sewer
Cesspool

Price History for 278 W Lake Dr

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Price History provides changes in price over time for the specified property, where available.

Event Date Price Change Source
Sold2/15/2022$750,000Public Records
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Source: Xome Licensing (Xome CT LLC via, in part, its MLS licenses).
Data through 1/6/2025.

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Tax History for 278 W Lake Dr

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Year Property Taxes Change Tax Assessment Change
2022-
$6,850
No records available.
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Data sourced from public records, where available.

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Rental Valuation Estimate for 278 W Lake Dr

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Average Rental Trend: The change of the estimated average monthly rental price over the past 12 months, calculated based on similar properties. (It doesn't consider a property's specific condition or renovations.)
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Xome ValueSM Disclosure

The Xome Value displayed in connection with a property is computer-generated by the application of various proprietary mathematical formulas and techniques using currently available local market, licensed and proprietary data. The displayed Xome Value is not prepared or provided by a licensed appraiser, does not constitute an appraisal of the subject property, and should not be relied upon as such. Data used to generate the Xome Value does not include information that could be derived from a visible inspection of the subject property and its surroundings. The condition of a property can materially affect the accuracy of a property's Xome Value. The data, and information derived from such data, in a Xome Value is provided on an "AS AVAILABLE" and "AS IS" basis and is provided for informational purposes only. Although we have attempted to provide reliable data and use reliable methodologies in providing a property's Xome Value, Xome Inc., its affiliates and their respective members, directors, officers and employees make no representations or warranties regarding the accuracy of a property's Xome Value on any specific date and expressly disclaim the obligation to update such value. All uses of the Xome Value are at the user's sole risk, and shall be for personal, non-commercial use and for no other purpose. Xome Inc., its affiliates and their respective members, directors, officers and employees are not liable for the accuracy of a property's Xome Value or any information related thereto. Your use of Xome Value must in all cases comply with all applicable laws and regulations.

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Comparable Home Sales for 278 W Lake Dr

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# Address List Price List Date Sold Price Sold Date Beds Baths Sqft Price/Sqft Mobile Summary Mobile Price
Orange marker 35 Gates Ave, Montauk, NY 11954 5 2 2,250 35 Gates Ave, Montauk, NY 11954
5 Bd | 2 Ba | 2,250 Sqft | $798/Sqft
# Address List Price List Date Sold Price Sold Date Beds Baths Sqft Price/Sqft Mobile Summary Mobile Price
numbered circular icon #121 S Fulton St Unit 18, Montauk, NY 11954----$1,415,00010/1/2024331,645$860/Sqft21 S Fulton St Unit 18, Montauk, NY 11954
3 Bd | 3 Ba | 1,645 Sqft | $860/Sqft
$1,415,000
Sold: 10/1/2024
numbered circular icon #215 S Forest St, Montauk, NY 11954----$1,610,00011/14/2024420N/A15 S Forest St, Montauk, NY 11954
4 Bd | 2 Ba | 0 Sqft | N/A
$1,610,000
Sold: 11/14/2024
numbered circular icon #3 Ave, Montauk, NY 11954----$1,600,0007/16/2024421,840$870/Sqft Ave, Montauk, NY 11954
4 Bd | 2 Ba | 1,840 Sqft | $870/Sqft
$1,600,000
Sold: 7/16/2024
numbered circular icon #4214 Fairview Ave, Montauk, NY 11954----$1,450,0001/5/2024520N/A214 Fairview Ave, Montauk, NY 11954
5 Bd | 2 Ba | 0 Sqft | N/A
$1,450,000
Sold: 1/5/2024
numbered circular icon #574 Adams Dr, Montauk, NY 11954----$2,850,00012/3/2024432,000$1425/Sqft74 Adams Dr, Montauk, NY 11954
4 Bd | 3 Ba | 2,000 Sqft | $1425/Sqft
$2,850,000
Sold: 12/3/2024
numbered circular icon #652 Fairway Pl Unit 18, Montauk, NY 11954----$950,0006/29/2023231,600$594/Sqft52 Fairway Pl Unit 18, Montauk, NY 11954
2 Bd | 3 Ba | 1,600 Sqft | $594/Sqft
$950,000
Sold: 6/29/2023
numbered circular icon #797 Old West Lake Dr, Montauk, NY 11954----$2,060,0006/26/2023332,650$777/Sqft97 Old West Lake Dr, Montauk, NY 11954
3 Bd | 3 Ba | 2,650 Sqft | $777/Sqft
$2,060,000
Sold: 6/26/2023
numbered circular icon #880 Old West Lake Dr, Montauk, NY 11954----$3,200,00012/21/2023322,078$1540/Sqft80 Old West Lake Dr, Montauk, NY 11954
3 Bd | 2 Ba | 2,078 Sqft | $1540/Sqft
$3,200,000
Sold: 12/21/2023
numbered circular icon #943 Caswell Rd, Montauk, NY 11954----$2,070,00010/4/2024220N/A43 Caswell Rd, Montauk, NY 11954
2 Bd | 2 Ba | 0 Sqft | N/A
$2,070,000
Sold: 10/4/2024
numbered circular icon #10132 Adams Dr, Montauk, NY 11954----$1,875,0006/11/2024421,600$1172/Sqft132 Adams Dr, Montauk, NY 11954
4 Bd | 2 Ba | 1,600 Sqft | $1172/Sqft
$1,875,000
Sold: 6/11/2024
Empty Column Median Label List Price List Date Sold Price Sold Date Beds Baths Sqft Price/Sqft Mobile Summary Mobile Price
invisible placeholder imageMedian Comparables$1,742,5006/28/20243.521,623$819/Sqft
Median Comparables
3.5 Bd | 2 Ba | 1,623 Sqft | $819/Sqft
$1,742,500
Sold: 6/28/2024
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The Comparable Home Sales chart is produced by analyzing a data set that contains the last 5 years of property sales within 3 miles of the subject property. Each property in this data set is analyzed on multiple factors such as square footage, bedrooms, bathrooms, lot size and more to arrive at a 'Relevance Score.' Comparable properties are then ordered from most similar to least similar for comparison purposes.

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Nearby Schools for 278 W Lake Dr

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Public Schools

Rating School Name Grades Distance
6 Montauk School PK-8 1.86 mi
No records found.

Private Schools

Rating School Name Grades Distance
No records found.
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Data provided by GreatSchools.org

Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Source: Walk Score®

Area Statistics

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People

Zip City County National
Population 3,662 4,272 1.52M 329.73M
Population Density 197 244 1,670 93
People per Household 2.7 2.7 3.0 2.6
Median Age 51.8 51.8 41.7 38.4
Median Household Income $135,927 $135,927 $111,660 $69,021
Average Income $76,857 $76,857 $49,404 $37,638

Economy

Zip City County National
Unemployment 2.40 % 2.40 % 2.40 % 3.20 %
Recent Job Growth 0.91 % 0.91 % 0.91 % 1.40 %
Future Job Growth 43.88 % 43.88 % 43.88 % 42.20 %
Sales Tax 8.63 % 8.63 % 8.63 % 7.02 %
Income Tax 5.85 % 5.85 % 5.85 % 22.00 %
Cost of Living Index 255 259 139 100

Environment

Zip City County National
Altitude 74 33 74 2443
Rainfall (inches annually) 45.3 45.3 47.2 38.1
Snowfall (inches annually) 25.8 25.8 27.2 27.8
January Avg. Low Temp 25.3 25.3 23.2 21.7
July Avg. High Temp 79.4 79.4 82.1 85.8
Days of Precipitation Annually 108 108 112 106
Days Mostly Sunny Annually 211 206 206 205
Comfort Index (during hot weather) 7 7 7 7
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Source: Sperling's Best Places

Median Sales Price/Sq.Ft. in 11954

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Median Sales Price Per Square Foot provides a quick, high-level way to evaluate appreciation or depreciation of property values over time in the selected area. Using the price per square foot can help you estimate a properties' market value.

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The median price represents a midpoint for property values in the market — half of the properties sold for a higher price and half sold for lower. The median value (as opposed to average) is used so that extreme sales prices, both high and low, don't skew the interpretation of where property values in a market are heading.

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Months of Supply in 11954

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This chart shows how many months it would take to sell the available inventory in the specified market. A higher Months of Supply generally indicates a buyer's market while a lower Months of Supply generally indicates a seller's market.

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Source: Xome Licensing (Xome CT LLC via, in part, its MLS licenses). Data through 1/1/2025.

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Listing Courtesy of: Kelly DiJorio - Daniel Gale Sothebys Intl Rlty 631-288-1050
Andrea Conner, License 10311208085, Xome Inc., License 10991227159, AndreaD.Conner@Xome.com, 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067

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Listings courtesy of One Key MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 11/13/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Per New York legal requirement, click here for the Standard Operating Procedures. Copyright 2025, OneKey MLS, Inc. All Rights Reserved.
This content last refreshed on 1/6/2025 11:16 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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