A new Montauk beach manse has hit the market for $27.5 million.
The six-bedroom home, at 40 Deforest Road, looms over the public Ditch Plains Beach — on the site of the former East Deck Motel.
It’s one of four lots that are about an acre each where the low-rise motel, formerly populated by surfers, once stood.
This is the first of three homes to be developed by Alden Global Capital’s Randall Smith and Heath Freeman, known as the “hedge fund vampires” for bleeding American newspapers dry.
The two bought the properties through shell companies.
A fourth lot with a different owner may be added to the development, dubbed On the Break, sources say.
The town of East Hampton changed zoning laws to allow the homes to be built despite public opposition that had already shut down a prior investment group — led by Vitamin Water’s J. Darius Bikoff — plan to build a private club on the site of the former motel, which was demolished in 2016.
The 4,800-square-foot residence was built this year.
Designed by architect Boris Baranovich, details include white oak floors, two gas fireplaces, sliding glass doors that open to decks, plus stairs that lead down to the iconic beach and surfer haven.
The listing brokers are Bespoke’s Cody Vichinsky and Sam Kelly.