Fire your landlord and you 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
4.7 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
Offer insights
45 Peconic Rd · $1,100,000
$1.11M and above
75% chance or better to win
Why $1.11M+ is a strong offer
DAYS ON MARKET
46 days
The average home goes pending in 31 days.
SALE-TO-LIST
102.4%
Most homes are selling 2% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
First-floor bedroom
Unfinished basement
Full attic
Nine total rooms
Bedrooms
Bedroom(s) on the first floor
Bathrooms
Two full bathrooms
Kitchen
Range
Refrigerator
Laundry & utility
Utilities include propane and electricity
Heating & cooling
Baseboard heating
Electric heating
Oil heating
No central cooling
Exterior features
Not waterfront
Home design
Single family residence
One to one-and-a-half levels
Property listed in fixer condition
Parking
Private parking (no carport)
Construction
Frame construction
Block foundation
Utilities
PSEG electric service
Cesspool sewer
Cable available
Trash collection (private)
Public water connected
Electricity and solar
View estimated energy costs and solar savings for this home