A $22.5M teardown Montauk ‘shack’ has a rare oceanfront perch — and Robert De Niro as a neighbor

An oceanfront Montauk property next to Robert De Niro’s estate has listed for $22.5 million, Gimme Shelter has learned.

That money buys a “teardown” — an 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 approved permits in place to build a large modern home on the ocean — bigger than what new town regulations allow.

The approved plans are from SAOTA, a Cape Town-based global architecture and design firm whose clients include Roger Federer, Rosco said.

“It would take two to three years to get the permits to build an oceanfront estate now — and it wouldn’t be this big,” said Rosko said, adding that it is the perfect spot to build.

The property, on Montauk’s oceanfront bluffs, stands at 250 Old Montauk Highway. De Niro, for his part, inherited his 1.5-acre property at 242 Old Montauk Highway from his artist father, who built it in the 1950s. De Niro has in the past tried, but failed, to get the town to approve plans to demolish and rebuild on the site.

The approved plans for the listed site call for a 7,100-square-foot dwelling, with four bedrooms, four baths and two powder rooms. That’s not to mention the panoramic vista.

“Every house on Old Montauk Highway is on a slope. That’s why you get the most incredible views, just like Malibu,” Rosko said.

Inside, the modern two-story home would be anchored by a chef’s kitchen with a pantry, an oceanfront lounge, a formal dining room and a bar area, as well as plenty of terraces.

Outside, plans call for a sleek summer kitchen, a “custom fire feature,” fashionable al-fresco dining areas, a pergola and a cantilevered infinity-edged pool with a swim-up bar at the edge of the bluff. 

“This is a one-of-one that can never be replicated,” Rosco said.