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Multi-Parcel Assemblage in Water Mill 3 Land Properties Offered at $40,327,977 CAD in Water Mill, NY
Investment Highlights
- 38.45-Acre Water Mill Winery & Vineyard Assemblage
- ±12,000sf Tasting & Production Facility
- Three-Parcel Configuration with Long-Term Optionality
- Montauk Highway Frontage in a Core Hamptons Corridor
- Extensive Planted Vineyard Acreage
- Hospitality / Events Program Upside or Residential Development (Subject to Approvals)
Executive Summary
Generational Assemblage For Sale - Exceptionally Rare Offering.
Winery, Vineyards, & Developable Land. Endless Potential For Reimagining.
Prime Location Along Montauk Highway – This rare 38.45-acre assemblage is strategically located in the heart of Water Mill, one of the most desirable hamlets in the Hamptons. With direct frontage on Montauk Highway, the site benefits from visibility, accessibility, and proximity to Bridgehampton, Southampton, and Sag Harbor. A landmark winery facility, vast vineyard cropland, and an undeveloped residential land make this one of the most unique offerings in the market.
Three Distinct Parcels With Complementary Uses – The assemblage includes a mix of improved and unimproved land, offering a range of use scenarios for winery activations, expanded commercial use, or long-term redevelopment:
-231 Montauk Hwy – 10.219-acres with an ~12,000sf wine tasting and production facility. Zoning: CR60
-197 Montauk Hwy – 2.065-acre undeveloped flag lot suitable for residential development. Zoning: CR60
-35 Flying Goose Pa – 26.173-acre agricultural parcel currently planted as vineyard. Zoning: CR60
Repositioning & Program Expansion Potential – While currently operated as a winery and vineyard, this assemblage presents a compelling opportunity to reimagine the platform over time. With over 38 contiguous acres and Montauk Highway presence, a buyer can explore an elevated vineyard-and-events program, hospitality-oriented uses, or residential concepts such as townhome-style development - subject to all municipal review & approvals.
Surrounding Businesses:
Parrish Art Museum, Shou Sugi Ban House, Green Thumb Farms,
Audi Southampton, BMW Southampton, LUNCH Lobster, Hampton Coffee Co
Inquire with the Hamptons Commercial RE Team for additional information.
197 MONTAUK HWY - Tax ID #: 473689 133.000-0001-012.003 2024 Town Tax Bill: $3,525.72
231 MONTAUK HWY - Tax ID #: 473689 133.000-0001-013.000 2024 Town Tax Bill: $13,896.90
35 FLYING GOOSE PA - Tax ID #: 473689 133.000-0003-001.000 2024 Town Tax Bill: $68.4
Winery, Vineyards, & Developable Land. Endless Potential For Reimagining.
Prime Location Along Montauk Highway – This rare 38.45-acre assemblage is strategically located in the heart of Water Mill, one of the most desirable hamlets in the Hamptons. With direct frontage on Montauk Highway, the site benefits from visibility, accessibility, and proximity to Bridgehampton, Southampton, and Sag Harbor. A landmark winery facility, vast vineyard cropland, and an undeveloped residential land make this one of the most unique offerings in the market.
Three Distinct Parcels With Complementary Uses – The assemblage includes a mix of improved and unimproved land, offering a range of use scenarios for winery activations, expanded commercial use, or long-term redevelopment:
-231 Montauk Hwy – 10.219-acres with an ~12,000sf wine tasting and production facility. Zoning: CR60
-197 Montauk Hwy – 2.065-acre undeveloped flag lot suitable for residential development. Zoning: CR60
-35 Flying Goose Pa – 26.173-acre agricultural parcel currently planted as vineyard. Zoning: CR60
Repositioning & Program Expansion Potential – While currently operated as a winery and vineyard, this assemblage presents a compelling opportunity to reimagine the platform over time. With over 38 contiguous acres and Montauk Highway presence, a buyer can explore an elevated vineyard-and-events program, hospitality-oriented uses, or residential concepts such as townhome-style development - subject to all municipal review & approvals.
Surrounding Businesses:
Parrish Art Museum, Shou Sugi Ban House, Green Thumb Farms,
Audi Southampton, BMW Southampton, LUNCH Lobster, Hampton Coffee Co
Inquire with the Hamptons Commercial RE Team for additional information.
197 MONTAUK HWY - Tax ID #: 473689 133.000-0001-012.003 2024 Town Tax Bill: $3,525.72
231 MONTAUK HWY - Tax ID #: 473689 133.000-0001-013.000 2024 Town Tax Bill: $13,896.90
35 FLYING GOOSE PA - Tax ID #: 473689 133.000-0003-001.000 2024 Town Tax Bill: $68.4
Property Facts
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
| 35 Flying Goose Path, Water Mill, NY 11976 | Land | 26.17 AC | - |
| 231 Montauk Hwy, Water Mill, NY 11976 | Land | 10.21 AC | - |
| 197 Montauk Hwy, Water Mill, NY 11976 | Land | 2.06 AC | - |
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Multi-Parcel Assemblage in Water Mill
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