In Montauk, N.Y., an $18 Million Listing for a Secluded Stone House

High above a rocky bluff overlooking the Atlantic, on the far eastern end of Montauk, N.Y., sits a rustic stone house visible mostly to fishermen and water enthusiasts.

“This place is absolute magic — it’s a fairy tale,” said Kyle Rosko, a longtime Hamptons resident and real estate agent who surfs near the secluded 3.2-acre property off Old Montauk Highway, aptly called the Stone House.

Notable owners of the Stone House, erected in 1912, have included the interior designer Tony Ingrao. He acquired the home in 1987, extensively renovated it, and then was forced to rebuild after a fire in 1991. The house is currently owned by Linda Ehrenwald, who, with her husband, the diamond expert Jerry Ehrenwald, had purchased it in 1998. (They also bought many of Mr. Ingrao’s furnishings after seeing photos of the home’s interior in a design magazine.)

“When we found it, we moved on it immediately,” Ms. Ehrenwald recalled. “We both fell in love with the house the first moment we saw it.”

With the death last year of Mr. Ehrenwald, who headed the North American division of the International Gemological Institute from 1991 to 2019, Ms. Ehrenwald has decided to sell the home. The asking price is $18 million, according to Mr. Rosko of Douglas Elliman Real Estate, who is handling the listing with his colleague Marcy Braun. Annual property taxes are $45,299.