<P> In 1926, Carl G. Fisher bought most of the East End of Long Island (10,000 acres (40 km)) for only $2.5 million . He planned to turn Montauk into the "Miami Beach of the North", a "Tudor village by the sea". His projects included blasting a hole through the freshwater Lake Montauk to access Block Island Sound to replace the shallow Fort Pond Bay as the hamlet's port; establishing the Montauk Yacht Club and the Montauk Downs Golf Course; and building Montauk Manor, a luxury resort hotel; the Montauk Tennis Auditorium, which became a movie theater (and is now the Montauk Playhouse); and the six - story Carl Fisher Office Building (later the Montauk Improvement Building and now The Tower at Montauk, a residential condominium). This last building remains East Hampton's tallest occupied building, as zoning ordinances restricted heights of later buildings . The 30 or so buildings Fisher put up between 1926 and 1932 were designed in the Tudor Revival style . Fisher had successfully developed Miami Beach before beginning his Montauk project, but although he continued to pour his money into the development, to the extent of $12 million in total, he eventually lost his fortune due to the Wall Street Crash of 1929, and most of his enterprises were shut down . Other hotels which opened at that time of Fisher's project include Gurney's Inn, built by W.J. and Maude Gurney, who had managed a Fisher hotel in Miami Beach . </P> <P> In the Great Hurricane of 1938, water flooded across Napeague, turning Montauk into an island . Flood waters from the hurricane inundated the main downtown, and it was moved 3 miles (5 km) to the south, immediately next to the Atlantic Ocean . </P> <P> During World War II the United States Navy bought most of the east end, including Montauk Manor, to turn it into a military base . Fort Pond Bay became a seaplane base . The U.S. Army established Camp Hero with 16 - inch (410 mm) guns to protect New York shipping lanes . Several concrete bunker observation posts were built along the coast, including one immediately to the east of the Montauk Lighthouse . Base buildings were disguised so they would appear from above as a New England fishing village . </P> <P> In 1951, sport fisherman Frank Mundus began to lead charter fishing trips out of Lake Montauk, initially looking for bluefish but soon finding that fishing for sharks was more lucrative . The sport of "monster fishing" became Montauk's signature draw . </P>

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