Hot in the Hamptons: Montauk motel on market for $25M

Just how hot are the Hamptons? Quite, for sure. As The New York Post reports, Montauk’s East Deck Motel and Resort is back on the market, and its owners, who bought the property in 2013 for $14 million, are seeking $25 million. Suitors reportedly include Ian Schrager and Sean MacPherson, The New York Post further writes.

The current owners are a group of investors that reportedly includes Energy Brands CEO J. Darius Bikoff. Initial plans had been to convert the property into a private surf club, but local residents decried the idea of making it exclusive.

The property includes an Olympic-size swimming pool and five oceanfront acres.

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Sotheby’s International Realty has the listing.

As The Real Deal further reports, Montauk topped a list of most expensive places to stay in New York State last year.

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