Ponquogue Point Previews Luxury Waterfront Condos

With 300 feet of dock space on site and ocean beaches within walking distance, the Ponquogue Point condominium complex in Hampton Bays hopes to offer a unique nautical experience to prospective buyers when it opens this fall.In fact, for boaters interested in the high-end units, the project’s developers opened up one of the condominiums to the public on July 17 that was decked out in boating decor, complete with teak and holly floors, sailboat rigging running throughout the stairwell, and a living room wallpaper that makes the walls look like blue canvas.

The development consists of 24 condos spread out in four buildings on a roughly 2.5-acre lot that is sandwiched between Foster Avenue and Foster’s Creek. The units, which range from 982 to 2,053 square feet, are selling for $850,000 to $2.2 million.

Ponquogue Point has been in the works since 2008, when developer Michael Ullian secured approval for the project from the Southampton Town Planning Board, though it was delayed because of the most recent economic downturn. Mr. Ullian could not be reached earlier this week at his office in Melbourne, Florida.

Mr. Ullian purchased the property in 1994, when it still functioned as Allen’s Acres Motel, an infamous 65-room party destination. Mr. Ullian shuttered the motel in 2007, citing the high cost of policing the nightlife, and a building caught fire in 2008.

The remaining building was razed in 2010, and construction on the new housing development, formerly dubbed Ponquogue Manor, began in January 2014.

In addition to the cedar shake exteriors and modern designs—including multiple decks with ocean vistas for some units—the condos feature custom finishings by Mabley Handler Interior Design of Water Mill. Even the base packages include marble tile and oak wood flooring.

“It’s a not a typical condo building where every unit is built the same,” Jennifer Mabley said during the open house. “Each is designed to maximize outdoor space and provide a unique living experience.”

Ms. Mabley and her husband/business partner, Austin Handler, will walk each home buyer through their respective units to help them personalize the space.

Mabley Handler, which has done interior design work for developments such as Bishops Pond in Southampton Village and Barn & Vine in Bridgehampton, was brought in last fall to partner on the project, which was designed by Manhattan-based Zyscovich Architects.

“Mabley Handler is known for its signature Hamptons style,” Mr. Handler said. “Our Hamptons aesthetic appears to be very popular and very much in demand.”

The units are distributed among four buildings, each with its own regionally-inspired name—the Peconic Building, the Shinnecock Building and the Tiana Building are already constructed while the Ponquogue Building, the largest of the four, is due to be completed by the end of the summer, Ms. Mabley said.

Four units have already sold, according to the development’s website, ponquoguepoint.net. A call to the developer was referred to Ms. Mabley, who said she believes two more have been sold since the last time the website was updated. She added that the buildings should be ready for residents by autumn.

The complex comes with an in-ground pool and the dock space in Foster’s Creek, which Ms. Mabley said is available on a first-come-first-serve basis.

New York City residents Reid and Aviva Drescher were among dozens who toured the complex on July 17. They were not looking to purchase a unit, just interested in real estate in general. Both said the unit was nice.

“It looks great,” Mr. Drescher said. “It seems to offer a lot—if you’re a boater it’s a shoo-in, you can walk right off your property and be at the marina.”