Aug 16, 2015 2:11 PM

With paneled ceilings, arched windows, timber floors and stone fireplaces, the Montauk house built and once owned by famed American entrepreneur Carl Fisher hit the market on August 6 for $10.5 million. It joins another distinguished property that became available in the hamlet in June, the former Warhol estate, which is for sale for $85 million.

Built around 1925 by Schultze & Weaver, the same firm that designed the Pierre Hotel in New York City, the 8,000-square-foot Fisher house sits on 7.6 acres on Foxboro Road in Montauk. Bedrooms on this property are aplenty: The main house has six bedrooms and 6.5 baths, and a separate guest house has five additional bedrooms.

“You walk back into time when you walk in there. It’s a piece of Montauk history,” said listing broker Paul Brennan with Douglas Elliman. “It’ll be interesting to see how it’s received by the public.”

Built for Mr. Fisher’s own personal use, the country manor-style home has belonged to the Akins, a longtime Montauk family, for decades. The house has been in a family trust and, “I think that the owners are getting to the point where none of them use it as much as they would like to,” said Mr. Brennan.

Mr. Fisher sought to turn Montauk into the “Miami Beach of the North” in the 1920s. Although not reflected in the design of his own home, the developer’s penchant for the English Tudor architectural style can be seen throughout Montauk—in the Montauk Manor, the former Shepherd’s Neck Inn, now Sole East, the Montauk Tower, and the building that houses Shagwong and Herb’s Market, among others.