Montauk Yacht Club sells for a Hamptons record of $149.4M
The Montauk Yacht Club has just become the most expensive purchase in Hamptons history. Public documents reveal that an international marina company spent a record-breaking $149.4 million on the luxurious waterfront resort. The hotel boasts stunning Block Island Sound views and posh accommodations. The 107-room resort was sold by the former owner, Gurney’s, to Safe Harbor Marinas, the owner of the world’s largest boating network. The sale took place last year, but the price was only recently made public after related Suffolk County deed transfers became available. Previously, the title of largest Hamptons sale was held by the Marram Montauk, which was bought for $77.5 million in 2022.
The Montauk Yacht Club’s final sale price grew by 157% from its previous sale in 2018 when it was purchased for $56.7 million by Gurney’s. Before that, in 2007, it sold for $34 million. During Gurney’s ownership, $13 million was invested in the eight-lot compound, and its name was changed to Gurney’s Star Island Resort & Marina. After Safe Harbor Marinas’ purchase, the name was changed back to Montauk Yacht Club.
The 95-year-old lodgings have provided respite to locals since 1928, when they were built by Montauk developer Carl Fisher. Before becoming a public inn, it was a private club and counted members of the Vanderbilt, Astor, and Whitney families among its original members. Guests at the resort can enjoy amenities such as three pools, two restaurants, a private beach, tennis and pickleball courts, and over 200 boat slips.
FAQs:
– Who bought the Montauk Yacht Club?
Safe Harbor Marinas, the owner of the world’s largest boating network, purchased the resort for $149.4 million.
– What’s the history of the Montauk Yacht Club?
The resort was built in 1928 by Montauk developer Carl Fisher and was originally a private club. It counted members of the Vanderbilt, Astor, and Whitney families among its original members.
– What amenities are available at the Montauk Yacht Club?
Guests can enjoy three pools, two restaurants, a private beach, tennis and pickleball courts, and over 200 boat slips.
– What was the previous largest Hamptons sale?
The Marram Montauk was purchased for $77.5 million in 2022 and held the title of largest Hamptons sale before the sale of the Montauk Yacht Club.
Hamptons Record Broken: Montauk Yacht Club Sold for $149.4M
A record-breaking purchase was made by an international marina company, making this waterfront getaway the most expensive acquisition in Hamptons’ history. According to documents that have recently become public, the Montauk Yacht Club was bought for $149.4 million by Safe Harbor Marinas, owner of the biggest boating network in the world. The hotel is known for its posh accommodations and picturesque views of Block Island Sound.
The hotel, formerly owned by Gurney’s and comprising 107 rooms, was sold last year, but the purchase price had remained undisclosed until related Suffolk County deed transfers became available this week. The final sale price represents a 157% increase from its previous sale in 2018, when it was sold for $56.7 million to Gurney’s. Before that, it was sold for $34 million in 2007. The sale of the Montauk Yacht Club toppled Marram Montauk, an oceanfront hotel, from its title of being the most expensive purchase in Hamptons’ history, which was bought for $77.5 million in 2022.
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