May
24
A Huge Montauk Estate Hits the Market for $48 Million
ByBought in 1992 for $620,000 and listed sporadically since, the beachfront estate will have appreciated 7,600 percent if it sells for asking price.
In the early 1990s, Eli Wilner and his wife, Barbara, were living in East Hampton, on the South Fork of Long Island. The owner of a New York-based antique frame restoration and replication company, Wilner was “perfectly happy,” he said. “We had a nice house, a lot of privacy. And then friends of ours wanted to go out to visit Montauk.”…
