Seize the opportunity to own two single and separate parcels in one of Montauk's most coveted locations, both with beautiful views of the Atlantic. Privately tucked away atop a hill, this combined offering features a 1.1 acre vacant parcel on the south, with a very spacious building envelope, suitable for a 5,000 +/- sq. ft. residence with pool. With an elevation of roughly 100 feet above sea level, beautiful ocean views can be captured from the ground level. Just behind this lot, there is another .94 acre property featuring a 5 bedroom, 3 bath residence with deeded ocean access. The upside-down layout has an upper level with ocean views throughout. The living room has vaulted, beamed ceilings, a fireplace, and oversized windows and sliders that open to a wraparound deck. The light and airy living room is open to the eat-in kitchen and dining area. On this level, you will also find the primary suite with full bathroom and deck access. The entry-level of the home, has 3 guest bedrooms, 2 full baths, a sitting room with sliders to a wraparound deck, and an office space with seating area. A workspace and a 2-car garage provide the perfect place for storage. This property has a freeform, vanishing edge, heated gunite pool, and a generator. This shy acre also has plenty of options. Use this home as-is, or start anew and build nearly 5,000 +/- sq. ft. here as well. This listing includes renderings and plans for two new 5,000 +/- sq. ft. homes, providing a conceptual design for creating your dream compound in Montauk. There is also drone footage showing the vastness of the properties and height footage to show the ocean views from a proposed new buildout. If the purchaser merged the properties, a nearly 8,400 +/- sq. ft. home with a pool could also be created.