240 Lisa Drive
About This Property
Inside, the home features an open-concept kitchen with new refrigerator, and dining area ideal for everyday living and gatherings, complemented by a formal living room for added versatility. Additional highlights include a convenient laundry room, a two-car attached garage with brand new doors, and a full basement with 8-foot ceilings offering excellent storage and a new hot water heater, gas heat, and potential for future finishing.
Perfectly situated to enjoy the North Fork lifestyle, this home is in the Founders Park and Beach Park District, with direct access to a sugar sand beach, park and playground and is just moments from wineries, farm stands, the hamlet, train station, Jitney stop and a variety of shops and restaurants. Easy access to Greenport and Mattituck makes this location both convenient and desirable.
A wonderful opportunity to make this home your own and enjoy all that the North Fork has to offer.
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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 |
|---|---|---|---|
| Sep 5, 2026 | Price Decreased |
$895,000
↓ $54K
(5.7%) | |
| Price Decreased | |||
| May 6, 2026 | Price Decreased |
$949,000
↓ $50K
(5%) | |
| Price Decreased | |||
| Apr 8, 2026 | Listed by Douglas Elliman Real Estate | $999,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Aug 16, 2005 | Sold | ||
| Sold | |||
| Nov 19, 1999 | Sold | ||
| Sold | |||
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About Southold
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017