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$4,150,000

  • Sold
  • Closed
  • Commercial
See This Home
Save This Home
See This Home
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Presenting an exceptional opportunity to own an exclusive Hamptons waterfront resort. Unlike any other listing, this distinctive property offers fifteen contemporary renovated units, a main 3 bedroom residence with balcony, a waterside pool, 6 dock spaces for boating and water sports. This property is zoned as a resort waterfront business, providing investors and owners the power to fully pursue their creative vision, lifestyle and to be one of the select hotel owners in all of the Hamptons. With the potential for implementing a restaurant and entertainment environment, this space provides the flexibility needed to achieve your goals. Enjoy the unparalleled, panoramic water and sunset views of Shinnecock Bay. This one acre property is just minutes to Dune Road Ocean Beaches, waterfront dining and village shops.

Full Property Details for 16 Penny Ln

General

  • Sold For: $4,150,000
  • Taxes: $14,167
  • Status: Closed
  • Type: Commercial
  • Source: Long_Island
  • MLS ID: L3451682
  • Added to Site: 1, 128 day(s) ago

Parking

  • Total Spaces: 21

Location

  • County: Suffolk County
  • Cross Streets: Shinnecock Road
  • Driving Directions: Turn right off of Shinnecock Road to Penny Lane.

Heating & Cooling

  • Heating Type: Forced Air

Utilities

  • Sewer: Cesspool

Structural Information

  • Detached/Attached: Detached
  • Stories/Levels: 2
  • Stories in Building: 2
  • Building Size: 7000
  • Sq. Ft. Source: Other
  • Current Bldg. Use: Commercial
  • Year Built: 1990

Lot Features

  • Property View: Water
  • Lot Size (Sq. Ft.): 41,818
  • Zoning: RWB

Water Features

  • Water View: Yes
  • Water Front View: Water Access

Financial Considerations

  • Tax Amount: $14,167

Disclosures and Reports

  • Property ID: 0900-323-00-02-00-015-000
  • Block: 2
  • Lot Number: 15

Listed and Sold by Corcoran

Listing agent

— 16 Penny Ln —

  • Corcoran

914-602-3656

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 16 Penny Ln

School District:Hampton Bays Union Free School District
NameGradesDistance
Hampton Bays Elementary School
72 Ponquogue Avenue, Hampton Bays, NY 11946
K-41.2 mi
Hampton Bays Middle School
70 Ponquogue Avenue, Hampton Bays, NY 11946
5-81.2 mi
Hampton Bays Secondary School
88 Argonne Road East, Hampton Bays, NY 11946
9-121.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 16 Penny Ln

Date
Details
Price
Change
Source
3/28/2025
Sold
$4,150,000
-27.18%
MLS
8/15/2023
Price Reduced
$5,699,000
-5%
MLS
4/10/2023
Price Reduced
$5,999,000
-7.64%
MLS
4/03/2023
Price Reduced
$6,495,000
-13.4%
MLS
1/10/2023
Listed
$7,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Corcoran

16 Penny Lane, Hampton Bays, NY 11946 (MLS# L3451682) is a Commercial property that was sold at $4,150,000 on March 28, 2025. Want to learn more about 16 Penny Lane? Do you have questions about finding other Commercial real estate for sale in Hampton Bays? You can browse all Hampton Bays real estate or contact a Coldwell Banker agent to request more information.