2 Third Walk
About This Property
Opportunities like this rarely come along in Davis Park.
Imagine owning a brand-new, custom-built oceanfront home, designed exactly the way you want it, on one of Fire Island's most desirable stretches of beach.
Located on Third Walk in Davis Park, this exceptional oceanfront property is already in the final stages of permitting for a stunning 4-bedroom, 4.5-bathroom home.
The architectural drawings are complete, and full building permits are anticipated within the next couple of months, eliminating much of the time, uncertainty, and complexity typically associated with building on Fire Island.
The opportunity:
- Prime oceanfront location on Third Walk
- Plans for a spacious 4-bedroom, 4.5-bathroom custom home
- Architectural drawings completed
- Permitting well underway and nearing completion
- Opportunity to begin construction following permit approval
- Potential to complete construction and enjoy your new home by the end of the 2027 summer season, subject to construction schedules and approvals
What makes this property truly special is the opportunity to own something almost impossible to find in Davis Park: a newly constructed, custom-designed oceanfront home that has never been lived in.
Rather than purchasing an older beach house and taking on the challenges of renovation, you can create your own oceanfront retreat, with the design, finishes, and features that suit your lifestyle.
The hard work of navigating the design and permitting process is already well underway.
Your vision. Your home. Your oceanfront address.
Serious inquiries welcome. Architectural plans and additional property details available upon request.
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Oct 10, 2026 | Listed by Shine Realty Group | $1,200,000 | |
| Listed by Shine Realty Group | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017