$22.5M shack near Robert De Niro’s estate comes with rare oceanfront lot
A 1.1-acre oceanfront property located next to Robert De Niro's estate in Montauk has been listed for $22.5 million. The sale includes a small existing structure and approved architectural plans for a modern, luxury residence.
Why it matters
This highlights the extreme high-end real estate market and the influence of celebrity proximity on property valuations in exclusive coastal areas.
For film fanatics who worship Robert De Niro and would love to have him as their neighbour, this property is a dream come true. An oceanfront Montauk property next to Robert De Niro's estate has been listed for $22.5 million. According to a report by Gimme Shelter, it includes a "teardown" 1,800 square foot "shack" built in 1960 and sits on 1.1 acres, said listing broker Kyle Rosko, of Douglas Elliman. The sale also comes with an approved permit to build a large modern home on the ocean, bigger than what the new town regulations allow.The approved plans are from SAOTA, a Cape-Town-based global architecture and design firm whose clients include Roger Federer, said Rosko.
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