Fire your landlord and collect the rent with this unique investment opportunity featuring two separate homes on a wooded half-acre parcel just a few short blocks from a sandy Peconic Bay beach. The first home is a brick ranch offering a full basement, knotty pine details throughout, three bedrooms, a living room, eat-in kitchen, oil heat, and a deck. The second home features two bedrooms, a kitchen, living room, one bath, full basement, and electric heat. Both homes are currently rented month-to-month, with tenants paying their own electric and heat. Some TLC is needed, but the setting, rental potential, and convenient beach proximity make this a standout opportunity. Some photos have been digitally enhanced.
Single-familyProperty Type
1951Year Built
0.47 acresLot Size
$750Price/Sq.Ft.
Listing by Anthony Lubrano• Coldwell Banker Reliable R E
The Hamptons, located between East Hampton Village and Montauk Point, is a coastal and resort Montauk neighborhood with ocean beaches and dune-backed bluffs. The neighborhood’s character concentrates around Montauk Highway at South Elmwood Avenue, where surf shops, seafood counters, and low-key galleries set the pace. Iconic pillars include The Surf Lodge, Gosman’s Dock, and the Montauk Point Lighthouse. Cedar-shingled cottages and modern beach houses sit behind wind-shaped hedges and sandy lanes. Days track the shoreline from Ditch Plains to the rocky edges near the Point. Marinas, farm stands, and seasonal markets keep the calendar tied to the water and fields.
Provided by Walk Score and Local Logic
Market insights
45 Peconic Rd · $1,100,000
DAYS ON MARKET
1 days
The average home goes pending in 26 days.
SALE-TO-LIST
103.1%
Most homes are selling 3% above list price.
LIST PRICE
$1,100,000
Median sale price in this area is $757,515. (31% lower than this home)
PRICE DROP
0 price drops
16% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
First-floor bedroom
Unfinished basement
Full attic
Nine total rooms
Bedrooms
Includes a bedroom on the first floor
Bathrooms
Two full bathrooms
Kitchen
Range
Refrigerator
Heating & cooling
Baseboard heating
Electric heating
Oil heating
No central cooling
Exterior features
No waterfront
Home design
Single family residence
One to one-and-a-half levels
Property listed as a fixer
Parking
Private parking (no carport)
Construction
Frame construction
Block foundation
Utilities
PSEG electric
Cesspool sewer
Cable available
Electricity connected
Propane available
Private trash collection
Water connected
Electricity and solar
View estimated energy costs and solar savings for this home
Fire your landlord and collect the rent with this unique investment opportunity featuring two separate homes on a wooded half-acre parcel just a few short blocks from a sandy Peconic Bay beach. The first home is a brick ranch offering a full basement, knotty pine details throughout, three bedrooms, a living room, eat-in kitchen, oil heat, and a deck. The second home features two bedrooms, a kitchen, living room, one bath, full basement, and electric heat. Both homes are currently rented month-to-month, with tenants paying their own electric and heat. Some TLC is needed, but the setting, rental potential, and convenient beach proximity make this a standout opportunity. Some photos have been digitally enhanced.
Year
Property tax
Land + Additions
Assessment*
2022
$2,285
$155,600 + $91,300
$246,900
2021
$2,285 (+0.6%)
$155,600 + $91,300
$246,900
2020
$2,270 (−0.6%)
$155,600 + $91,300
$246,900
2019
$2,285 (+12.9%)
$155,600 + $91,300
$246,900
2018
$2,024 (−1.0%)
$132,300 + $69,800
$202,100
2017
$2,044 (−1.3%)
$132,300 + $69,800
$202,100
2016
$2,070 (−11.0%)
$132,300 + $69,800
$202,100
2015
$2,326 (+0.7%)
$150,300 + $69,800
$220,100
2014
$2,310 (+2.5%)
$150,300 + $69,800
$220,100
2013
$2,254 (+7.2%)
$150,300 + $69,800
$220,100
2012
$2,102 (+3.5%)
$150,300 + $69,800
$220,100
2011
$2,031 (−12.0%)
$150,300 + $69,800
$220,100
2010
$2,308 (+4.3%)
$176,900 + $82,200
$259,100
2009
$2,214
$176,900 + $82,200
$259,100
Public record
Beds
1
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
0.31 Acres
Year renovated
—
Finished Sq. Ft.
600
Unfinished Sq. Ft.
—
Total Sq. Ft.
600
Year built
1994
Style
Single Family Residential
County
Suffolk County
APN
0900191000300010000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 31, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 90° expected this year, 21 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Hampton Bays, NY • 11946
Average low and high temperatures (°F)
36
23
37
24
49
34
58
42
66
52
78
61
82
69
78
61
73
59
65
49
54
39
42
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
58/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
8.5 hrs
2.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 45 Peconic Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $875,000 and $1,115,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $875K to $1.3M.