$3,695,000
↓ $305K (7.6%)
●
House -
For Sale
1480 Old Wood Path
Southold, NY 11971
3 Beds
4 Baths
3,496 Ft²
$21,548
Est. Monthly
About This Property
Set on nearly four acres along one of the North Fork's most coveted
stretches of sandy bay beach, this is a rare opportunity to secure
an exceptional waterfront property with meaningful upside. The
existing three-bedroom, four-bath home offers a solid foundation
for renovation or expansion, allowing a new owner to tailor the
property to their vision.
The grounds are equally compelling. A tennis court is already in place, and the oversized detached three-car garage adds flexibility for storage, studio space, or future accessory use, leaving ample room to site a pool. Centrally located with easy access to the North Fork's vineyards, farm stands, restaurants, and marinas, the setting strikes a balance between privacy and convenience. Offerings with this combination of land, beach quality, and potential are increasingly rare, presenting a clear opportunity to create a premier waterfront compound.
The grounds are equally compelling. A tennis court is already in place, and the oversized detached three-car garage adds flexibility for storage, studio space, or future accessory use, leaving ample room to site a pool. Centrally located with easy access to the North Fork's vineyards, farm stands, restaurants, and marinas, the setting strikes a balance between privacy and convenience. Offerings with this combination of land, beach quality, and potential are increasingly rare, presenting a clear opportunity to create a premier waterfront compound.
Unit Size
3,496 Ft²
Days on Market
150 days
Land Size
3.75 acres
Price per sqft
$1,057
Property Type
House
Property Taxes
$3,404
HOA Dues
-
Year Built
-
Listed By
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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: 2 months ago (OneKey MLS #KEY997738)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 29, 2026 | Price Decreased |
$3,695,000
↓ $305K
(7.6%) | |
| Price Decreased | |||
| May 12, 2026 | Listed by Compass Greater NY LLC | $4,000,000 | |
| Listed by Compass Greater NY LLC | |||
| Apr 3, 2024 | Sold | ||
| Sold | |||
| Mar 2, 2024 | In contract | - | |
| In contract | |||
| Dec 30, 2023 | Price Decreased |
$4,000,000
↓ $500K
(11.1%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Has Open Parking
Parking Features: Detached, Driveway, Garage
Garage Spaces: 3
Interior Details
Full Bathrooms: 4
Interior Features: Master Downstairs, First Floor Full Bath, Formal Dining
Appliances: Oven, Refrigerator
Flooring Type: Hardwood
Rooms: 7
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Crawl Space
Exterior Details
Square Footage: 3496
Square Footage Source: $0
Architectural Style: Traditional
Year Built: 1957
Waterfront Features: Bayfront, Beach Front, Waterfront
Levels: Two
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Deck
Lot Size Area: 163350
Lot Size Units: Square Feet
Lot Size Acres: 3.75
Lot Size Square Feet: 163350
Water Source: Well
Financial Details
Tax Annual Amount: $40,853
Utilities Details
Cooling Type: Central Air
Heating Type: Hot Air
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Sold On
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HOA + Taxes
About Southold
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Last Updated: 2 months ago
Data Source: OneKey MLS
Data Source: OneKey MLS
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