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2971 N Wading River Road
About This Property
Live the North Wading River dream just moments from the legendary Big Rock Beach in this expansive 4-bedroom, 5-bath home offering the perfect blend of coastal charm and everyday comfort. A fully permitted, legal accessory apartment with private entrance provides exceptional flexibility for extended family, guests, or rental income. This is a big home with lots of potential, featuring generous living spaces, a finished basement ideal for recreation or hosting, and a gas heating system for year-round comfort. An oversized layout and garage add everyday convenience, all set in a prime North Shore location close to the sand and surf. Whether you're looking to invest, expand, or enjoy laid-back beachside living, this rare opportunity has it all.
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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 |
|---|---|---|---|
| Aug 19, 2025 | Sold | ||
| Sold | |||
| Jul 25, 2025 | In contract | - | |
| In contract | |||
| Jul 9, 2025 | Price Decreased |
$749,000
↓ $50K
(6.3%) | |
| Price Decreased | |||
| May 15, 2025 | Listed by Signature Premier Properties | $799,000 | |
| Listed by Signature Premier Properties | |||
| Jan 29, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017