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136 Beach Road
About This Property
home. Welcome inside this bright home greeted by its many windows, high ceilings throughout, original millwork, and architectural details that give the home its distinctive character. The vaulted living room & great room feature hardwood floors, original wood paneled walls, skylights, a ceiling fan, and a striking floor to ceiling wood burning fireplace crafted from rocks found along the shore of the Long Island Sound. Just off the living room is a cozy dining room that leads to the new kitchen, complete with granite countertops, white raised panel cabinetry, under cabinet lighting, and stainless steel appliances. The spacious primary bedroom offers a new black and white ensuite bath, a large walk-in-closet with laundry all tucked behind a repurposed barn door with direct outdoor access. Two additional bedrooms and a newly renovated hall bath complete the home, offering three bedrooms and two full bathrooms. An additional structure on the property presents an opportunity to be converted into a studio apartment or office for additional living space and/or additional potential income, which could expand the property to four bedrooms and three bathrooms. Wading River is a true gem, offering easy access to nearby beaches, top dining, golf, country clubs with close proximity to the East Wind Spa, Hotel and Shops, serving as the gateway to the beginning of the North Fork, East End vineyards and wineries. This home is also part of the Riverhead School District.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 2, 2026 | Sold | ||
| Sold | |||
| Apr 1, 2026 | In contract | - | |
| In contract | |||
| Feb 2, 2026 | Listed by BERKSHIRE HATHAWAY | $616,900 | |
| Listed by BERKSHIRE HATHAWAY | |||
| Dec 9, 2025 | No longer available | - | |
| No longer available | |||
| Dec 2, 2025 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017