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Hampton Bays 11946
1 Cormorant Drive
Photo of 1 Cormorant Drive
Sold on Jan 22, 2026

31

Map

Photo of 1 Cormorant Drive
Photo of 1 Cormorant Drive
$1,075,000
● House - Off Market

1 Cormorant Drive

Southampton, NY 11946
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,037 Ft²
$6,326
Est. Monthly
7.59%
Cap Rate

About This Property

This sprawling 3 bed, 2.5 bath Ranch offers private beach access and a resort-style backyard with a 16 x 36 in-ground pool. Upon entering the open layout, you will find a bright skylit foyer, wood-burning fireplace, formal dining room, living room with custom wet bar.  The spacious kitchen has a walk-in pantry with a breakfast nook overlooking the stunning backyard. The primary suite has a walk-in closet and accessible full bath. Additional highlights include a 3-season sunroom, full finished basement, 2-car garage, Anderson windows, Central Air, and a 5-zone Sprinkler system.

This home feels like a retreat with a perfect size basement to host your guests for a weekend getaway.  In close proximity to Hampton Bays hotspots: Rumba and Cowfish.  Ideal launching pad to Montauk-this home is the perfect Hamptons oasis.
Unit Size
2,037 Ft²
Days on Market
140 days
Land Size
0.89 acres
Price per sqft
$528
Property Type
House
Property Taxes
$1,047
HOA Dues
-
Year Built
1993

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 9 months ago (OneKey MLS #KEY908904)

Price History

Date / Event Date Event Price
Jan 22, 2026 Sold
Premium
Sold
Sep 30, 2025 In contract -
In contract
Sep 4, 2025 Listed by Century 21 AA Realty $1,075,000
Listed by Century 21 AA Realty
Aug 18, 1998 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 38,768
  • Total Building Area: 2,037
  • Building Area: 2,037
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 2
  • Heated Square Feet: 2,037
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CORMORANT POINT
  • Land Acres: 0000000890
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: BLK LOT 23

Neighborhood

  • School District Name: Hampton Bays Union Free School District
  • School Tax School District: HAMPTON BAYS
  • Census Tract: 190604

Zoning

  • Zoning: R40

Geography

  • Assessors Map Reference: MAP 6439
  • District: 0900-2
  • Section: 270.00
  • Parcel: 0900-270.00-04.00-001.004
  • Block: 4
  • Lot: 1.004
  • Municipality: SOUTHAMPTON
  • Latitude: 40.8704
  • Longitude: -72.4953

    Address

  • Full Address: 1 Cormorant Dr
  • Address - House Number: 1
  • Address - Street Name: Cormorant
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Hampton Bays
  • Carrier Code: C002
  • 4-Digit Zip Code: 2850
  • Zip Code: 11946

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 473605

    Appraisal Valuation

  • Standard Deviation: 0.2692
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 995,155
  • High Value: 1,263,064
  • Low Value: 727,247

    Market Valuation

  • Market Total Value: $1,185,036
  • Market Land Value: $587,338
  • Market Improvement Value: $597,698

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $823,600
  • Assessed Land Value: $408,200
  • Assessed Improvements Value: $415,400

    Exemptions

  • Veteran Exemption: Yes
  • Disabled Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 06, 1998
  • Current Sale Recording Date: Aug 18, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hampton Bays

Stats & Trends

Median Asking:

$999,000

Sale Price/ft²

$660

Below Asking

0.02%

Average Days on Market

100

Average Home Size

2304 ft²

Average Home Age

37.3 years

Currently For Sale

71 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 29 Maryland Boulevard, Hampton Bays, NY, 11946

$7,500 /mo

  • 2 Beds
  • 1 Bath
  • 1,262 ft²
29 Maryland Boulevard, Hampton Bays, NY, 11946 Listing by Michael M. Ceravolo

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 9 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 1 Cormorant Drive built and last sold?
The property at 1 Cormorant Drive was built in 1993 and last sold on Aug 6, 1998 for $315,000.
How much is this home worth?
The estimated value of the home located at 1 Cormorant Drive is $1,104,847.
What are some comparable homes to 1 Cormorant Drive?
There are currently no comparable homes to 1 Cormorant Drive.
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