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For Sale

$13,750,000

31 & 33 North Main Street and 51 Buell Lane
East Hampton, NY 11937

Bathroom 19.5 ba
Sqft 15,750 sqft
Introducing The Mill House Inn and Graybarn Cottage, a world-renowned hospitality assemblage consisting of 3 properties, all located in the heart of East Hampton Village with each being an integral part of the MHI brand. Situated across from East Hampton's iconic Old Hook Mill, on the contiguous properties of 31 & 33 North Main Street, this renowned boutique B&B blends effortlessly into the quaint historic look of East Hampton Village while expanding greatly to the rear on 1.14 acres with over 11,000 sq. ft. of living space spread out between 2 separate buildings with parking for 20 cars. The original Mill House Inn, located at 31 North Main Street, is zoned Pre-Existing, Non-Conforming, Commercial in a Historic District. The MHI 'back house', located at 33 North Main Street, is zoned Residential with a Guest House Permit. Together they house 10 guest bedrooms and suites, 15.5 Baths, Commercial and Chef's Kitchens, 2 offices, ample common space, storage, laundry and staff accommodations. Original structures date back to 1790 and 1990. Additions and major renovations in 2001, 2005, 2011 added glass and stone baths, fireplaces, new and historic window renovations. The HVAC has 18 zones, 1,000 Amps of electric, high-speed internet, alarm systems, and digital TV. The interior is well-appointed, and the lush exterior landscaping offers the feeling of a private retreat within a few blocks of everything East Hampton Village has to offer. Located at 51 Buell Lane, Graybarn Cottage, or GBC, is the 3rd and final component of the MHI brand. GBC smartly brings forth a larger high-end accommodation for those looking for a longer stay in the heart of East Hampton. Once the residence of renowned writer and ad executive Lois Wyse, this 3-bedroom 1950's potato barn with a 1-bedroom guest house was extensively renovated in 2008 to allow for 4,750+/- sq. ft. of living space. Situated on a shy half acre, the professionally landscaped secluded parcel with 40' saltwater gunite pool, spa, Read More

Market Status
Available
Last Updated
August 4, 2022

Property Type
Commercial Property
Year Built
1790
Baths
19 full BA; 1 ½BA
Stories
3
Basement
-
Heating System
Forced Air
Roof
Asphalt
Stories
3.0
Central Air
-
Exterior Construction
Cedar Siding
Garage
-
Floors
Carpet; Hardwood
Taxes
63526
Property Type
Commercial; Commercial
Kitchen
-
Additional Areas
Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Half Bath

Local Market Conditions

There are currently 111 properties for sale in the East Hampton, NY area with the average listing price of $4,088,707. This represents a decrease of -4.1% over the previous week. The 4 bedroom homes saw the largest decrease in the average listing price over the previous week with a -2.2% decrease. To learn more about the East Hampton, NY area, contact a local expert!

Market Snapshot for East Hampton, NY

Avg. Listing Price

$4,088,707

Wk ending Aug 6

$-174,289

-4.1%

w-o-w

111

40

22

8

6

2

Average Listing Price for East Hampton, NY
No. BedroomsNo. Beds Week Ending
(Aug 6)
w-o-w Week Ending
(Jul 30)
Week Ending
(Jul 23)
Week Ending
(Jul 9)
All PropertiesAll $4,088,707 -4.1% $4,262,996 $4,297,643 $4,121,336
1 bedroom1 BR - +0.0% - - -
2 bedrooms2 BR $1,711,875 +2.5% $1,670,625 $1,822,857 $1,901,187
3 bedrooms3 BR $1,860,154 +1.2% $1,838,250 $1,749,479 $1,692,250
4 bedrooms4 BR $2,731,129 -2.2% $2,792,932 $2,700,243 $2,614,001

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Listing Provided By:

Sarah Minardi

Saunders & Associates - East Hampton Office

Phone
This $13,750,000 Commercial Property at 31 & 33 North Main Street and 51 Buell Lane in East Hampton, NY is offered by Sarah Minardi. This $13,750,000 Commercial Property, located in the 11937 zip code, has the following property features: Taxes, Additional Areas, Floors, Kitchen. This 31 & 33 North Main Street and 51 Buell Lane Commercial Property is listed under MLS listing number 10637191, 20 baths, and has a listing price of $13,750,000. You can find more East Hampton homes for sale here.

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