June 4, 2023

This waterfront retreat just became the most expensive purchase in Hamptons history.

Newly released documents reveal that an international marina company paid a record $149.4 million for the Montauk Yacht Club.

Beyond the sky-high purchase price, the hotel is known for its chic accommodations and views of Block Island Sound.

The 107-room resort has been purchased by Safe Harbor Marinas — owner of the world’s largest boat network — from its former owner, Gurney’s, the outlet Behind the Hedges first reported.

The record sale took place last year, but the price tag was previously unknown and only came to light after related deed transfers in Suffolk County became available this week.

Previously, the title of largest Hamptons sale was held by Marram Montauk, an oceanfront hotel purchased for $77.5 million in 2022.

The Yacht Club’s final sale price represents a 157% increase from what the club commanded when it was last sold to Gurney’s for $56.7 million in 2018, according to the publication 27East.

Before that, in 2007, it went for $34 million.

montauk yacht club sale
The historic resort first opened in 1928.
Montauk Yacht Club/website

During his ownership, Gurney’s put $13 million into the eight lots and changed the name to Gurney’s Star Island Resort & Marina.

After the sale last year, Safe Harbor Marinas changed its name back to Montauk Yacht Club.

The 95-year-old lodgings have provided locals with tranquility on their part of Star Island since 1928, when Montauk developer Carl Fisher built the business.

Before it was a public inn, it was a private club, with members of the Vanderbilt, Astor, and Whitney families in its list of original members. Behind the Hedges commented on its history.

Amenities available to guests include three pools, two restaurants, a private beach, tennis and pickleball courts, and more than 200 boat docks.