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Hamptons.com
September 25, 2022

Own A World-Renowned Luxury Hospitality Property – Very Rare Opportunity

Veronica Chumbiby Veronica Chumbi
in Real Estate, Trending
Home Real Estate
31 & 33 North Main Street, East Hampton, NY 11937

 

31 & 33 North Main Street, East Hampton, NY 11937
Saunders Exclusive: $11,000,000

 

Introducing The Mill House Inn and Graybarn Cottage, a world-renowned luxury 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. There are only 5 historic Inns in East Hampton Village and no more will be built, thus The Mill House Inn presents a very rare and compelling opportunity, a chance to be part of an exclusive group.

 

Listing broker Sarah Minardi observes that “Owning this place is owning a piece of history and a hot commodity that is only going to increase in value, especially with additional state of the art amenities and updates.”

 

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, which has been named to Conde Nast Traveler’s “Top Ten” Hotel List, 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.

 

31 & 33 North Main Street, East Hampton, NY 11937

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.

 

51 Buell Lane, East Hampton, NY 11937

31 & 33 North Main Street And 51 Buell Lane, East Hampton, NY 11937
Saunders Exclusive: $14,750,000

 

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.

 

51 Buell Lane, East Hampton, NY 11937

Situated on a shy half acre, the professionally landscaped secluded parcel with 40′ saltwater gunite pool, spa, outdoor shower, and mahogany decks, also boasts a custom chef’s kitchen, gas fireplaces, marble and glass steam showers and soaking tubs that further exemplify the MHI brand’s attention to detail. GBC’s magnificent two-story library, as well as its oversized stone fireplace, evoke a timeless quality that keeps guests coming back again and again. What’s better than having a private residence to yourself while also relishing the superior concierge services that go hand-in-hand with The Mill House Inn?

 

51 Buell Lane, East Hampton, NY 11937

Overall, this is an extremely desirable high caliber opportunity, both from the value of the land and the scarcity of commercial offerings on the East End. Whether this be for a new Boutique Hotel, the unique dining experience of a Chef-Restaurateur, the further extension of a Lifestyle Brand, a Compound, Corporate Retreat, or a specific Investment Growth Opportunity, the properties of The Mill House Inn present an extra special acquisition in the forever ‘en vogue’ Village of East Hampton.

 


SARAH B. MINARDI
Licensed Associate Real Estate Broker
[email protected]
Cell: (631) 987-8916

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