278 W Lake Drive, East Hampton (Montauk), NY, 11954 | $9,250,000

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 counter 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. The main level also includes extra finished living spaces, perfect for additional seating or a home office. A 2-car garage and full basement, offering potential flexible space for a gym, media room, or storage, add to the home's convenience and functionality. This exceptional property captures the essence of waterfront living in Montauk's most sought-after location.

Features

  • Town: East Hampton
  • Amenities: Powered Boats Allowed
  • Rooms: 12
  • Bedrooms: 6
  • Baths: 4 full
  • Style: Colonial
  • Year Built: 1973
  • Garage: 2-car Attached
  • Heating: Oil, Forced Air
  • Cooling: Central Air
  • Basement: Full
  • Acreage: 0.73
  • Est. Taxes: $21,775
  • Lot Desc: Level
  • Water Front: Yes
  • Elem. School: Montauk School
  • Middle School: Montauk School
  • High School: East Hampton High School
  • School District: Montauk
  • Appliances: Dishwasher, Dryer, Freezer, Oven, Refrigerator, Washer, Wine Cooler
  • MLS#: 3589585
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /eprop/3589585/278wlakedrive_easthampton_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Daniel Gale Sothebys Intl Rlty   Phone: 631-288-1050

William Raveis Family of Services

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Customer Service

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Contact@raveis.com

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

278 W Lake Drive, East Hampton (Montauk), NY, 11954

$9,250,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $7,400,000 $7,400,000 $7,400,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.902% 6.486% 6.056%
Monthly Tax Payment $1,815 $1,815 $1,815
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $42,016 $46,166 $61,947
Total Monthly Payment $43,956 $48,106 $63,887

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.