A unique opportunity to create a world-class, income-producing luxury destination in the East Coast’s most desirable beach enclave less than two hours from New York City. Located on on a sprawling 3.25 acre waterfront parcel, this unique compound offers sweeping views of Peconic Bay and western exposure for spectacular sunsets. Key to this offering is the pre-existing motel use which could never be recreated under today’s zoning. It includes 22 cottages and studios, a 25’x50′ waterside pool, 220′ of bulkheaded waterfront, a small beach from which to launch kayaks and paddle boards and an expansive lawn which can accommodate large events. In addition to an income-producing business, other potential uses are a condo conversion or a one-of-a-kind residential compound.