The village is located on the tip of the South Fork peninsula of Long Island. Montauk is the country's most expensive beach to visit.

The most expensive and exclusive stretch of beach on Long Island is found along Meadow Lane in Southampton, often referred to as "Billionaire’s Lane." This five-mile strip of Atlantic oceanfront features some of the highest real estate valuations in the world, with homes often ranging from $30 million to over $150 million. Another top contender is Further Lane in East Hampton, where record-breaking sales—including a $147 million estate—have solidified its status as a premier enclave for finance and media titans. These beaches are characterized by massive private dunes and extreme privacy; while the sand itself is technically public below the high-tide line, the lack of public parking and the presence of high-end security make them nearly inaccessible to anyone but residents. In the 2026 market, oceanfront land on the South Shore of the Hamptons remains the ultimate trophy asset, with prices per linear foot of beach reaching astronomical levels. Beyond the Hamptons, parts of Montauk and East Marion have also seen record-breaking shoreline sales, but they have yet to surpass the established "old money" prestige and pricing of Southampton's primary oceanfront estates.