133 Old Field Road
About This Property
Set on approximately 2 acres with 50 feet of direct waterfront frontage, this property presents a rare opportunity in one of Long Island's most sought-after North Shore communities. Offered for the first time, this home has been owned and cared for by one family. A true generational holding.
The setting speaks for itself, private, natural, and surrounded by the quiet beauty that defines Old Field's coastal lifestyle.
Inside, the home offers warmth and character throughout. A sun-filled enclosed porch connects seamlessly to the surrounding grounds, while rich wood details and two fireplaces anchoring separate living spaces add both charm and comfort. Generous room sizes and a flexible layout provide the ideal foundation for restoration, renovation, or a complete reimagining.
Whether you choose to enhance the existing home or design a custom waterfront estate, the land and location support a vision that extends well beyond what's currently in place.
Located within the Incorporated Village of Old Field, known for its natural beauty, privacy, and coastal lifestyle, this is a property where land, location, and legacy align.
Waterfront. 50 feet of frontage. 2 acres. One-family ownership. Opportunities like this are rare.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 7, 2026 | In contract | - | |
| In contract | |||
| May 5, 2026 | Listed by EXP Realty | $1,250,000 | |
| Listed by EXP Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017