16 Penny Lane Presenting an exceptional opportunity to own an exclusive Hamptons waterfront resort. Unlike any other listing, this distinctive property offers fifteen contemporary renovated units, a main 3 bedroom residence with balcony, a waterside pool, 6 dock spaces for boating and water sports. This property is zoned as a resort waterfront business, providing investors and owners the power to fully pursue their creative vision, lifestyle and to be one of the select hotel owners in all of the Hamptons. With the potential for implementing a restaurant and entertainment environment, this space provides the flexibility needed to achieve your goals. Enjoy the unparalleled, panoramic water and sunset views of Shinnecock Bay. This one acre property is just minutes to Dune Road Ocean Beaches, waterfront dining and village shops.