12 luxury waterfront homes in Montauk to be sold by Gurney’s

Twelve new luxury waterfront homes in Montauk are up for sale just in time for the busy beach town’s summer season.

The homes, which will feature resort-style amenities from neighboring Gurney’s Montauk Resort, will start at $4 million for two bedrooms.

The attached units are located on a 10-acre property previously owned by two brothers-in-law who in 2014 pleaded guilty to running a $96 million Ponzi scheme. The former Panoramic View Resort & Residence is now owned by George Filopoulos and Lloyd Goldman, majority owners of Gurney’s.

The Gurney’s owners purchased the former resort site out of a court-ordered sale of the property in December for $63.9 million.

Filopoulos said while some of the homes are being updated, the previous owners had converted about 50 of the former resort’s 117 hotel units into larger residences, so the “homes are available for immediate closing.”

Filopoulos added that the initial home sales are part of a multiphase project, and that additional properties will go on sale in the future.

The duplex and triplex-style homes, branded The Residences at Gurney’s, come with butler service, beach cabanas, home maintenance services, watersport equipment storage and access to Gurney’s restaurants, along with “dramatic proximity” to the ocean, said Ryan Serhant, a broker at Nest Seekers International, the Manhattan brokerage marketing the homes.

Due to zoning restrictions, homes in the area can’t be built as close to the water as the 12 homes are, he said.

A local official agreed. “Under today’s regulations regarding coastal setbacks, those units would not be built today as close as they are to the beach.” said East Hampton Town Supervisor Larry Cantwell.

The brokerage will hold a presentation for interested buyers at 5 p.m. Saturday in Gurney’s Top Deck, and will offer tours of two model homes.