Seize a unique and enticing opportunity to create an amazing ocean-view compound in a quiet Montauk neighborhood. Two adjacent properties are being offered together and present significant potential. One .71+/- acre parcel is currently the site of a rustic ranch home with sprawling lawn and breathtaking ocean views, especially at sunrise, as well as views of nearby Fort Pond and Fort Pond Bay. The two bedroom, two bath home has a large dining room with brick fireplace as well as a spacious living room with wood-burning stove, each with sliding glass doors leading to the backyard, and an attached two car garage. The adjacent .35+/- acre lot to the north gradually slopes away from the house, with a rolling green lawn dotted with native shad trees and surrounded by mature evergreens for increased privacy. Possibilities abound - renovate and/or expand the existing home, combine the lots and build a large new home on 1.06+/- acre, add a pool. Build a second new home on the vacant lot and create a compound with panoramic ocean, bay and pond views. Located minutes to Montauk's town center, as well as ocean beaches, with Montauk Point State Park and its iconic lighthouse not only in easy reach but in view.