Montauk Yacht Club Hamptons sell for record $149.4 million

This waterfront getaway turned out to be the most expensive purchase in Hamptons history.

Freshly declassified documents show that an international marina company paid a record-breaking $149.4 million for the Montauk Yacht Club.

The hotel, beyond its sky-high purchase price, is known for its posh accommodations and Block Island Sound views.

The 107-room resort was purchased by Safe Harbor Marinas – owner of the largest yachting network in the world – from former owner, Gurneys, outlet Behind The Hedges first reported,

The record sale took place last year, but the price tag was previously unknown and only came to light this week after the relevant Suffolk County deed transfer became available.

Previously, the title for the largest Hamptons sale was held by the Marram Montauk, an oceanfront hotel that was slated to purchase in 2022 for $77.5 million.

According to publication 27East, the yacht club’s final sale price is 157% higher than when it was sold to Gurneys in 2018 for $56.7 million.

Earlier in 2007 it was priced at $34 million.

Montauk Yacht Club Sale
The historic resort first opened in 1928.
Montauk Yacht Club / Website

During his ownership, Gurney put $13 million into the eight-lot complex and changed its name to Gurney’s Star Island Resort & Marina.

After the sale last year, Safe Harbor Marinas changed its name to Montauk Yacht Club.

The 95-year-old residence has been reliving locals on their part of Star Island since 1928, when Montauk developer Carl Fischer built the business.

Before it was a public inn, it was a private club, with members of the Vanderbilt, Astor and Whitney families among its roster of original members. Noted behind the hedges of its history.

Amenities available to guests include three pools, two restaurants, a private beach, tennis and pickleball courts, and over 200 boat slips.

Source link

Leave a Comment