3 Waters Edge Drive
About This Property
The home is thoughtfully designed to showcase panoramic bay views from nearly every room. Spacious decks extend from each living space, while the updated kitchen and open living room feature expansive sliding doors that seamlessly connect to the in-ground pool and dockside patio-perfect for entertaining or quiet relaxation. Upstairs, a sunlit den with floor-to-ceiling windows serves as a serene retreat, and two generous primary suites include walk-in closets and luxurious en suite baths.
Modern upgrades enhance both comfort and sustainability, including new bathrooms and kitchen finishes, solar panel metal roofing, and an energy-efficient geothermal heating and cooling system. Blending contemporary updates with classic Hamptons style, this property captures the best of indoor-outdoor living in a truly coveted Quogue location. This listing may include images that have been digitally altered or virtually staged. Original, unedited images are available upon request.
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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 |
|---|---|---|---|
| May 25, 2026 | Sold | ||
| Sold | |||
| Feb 20, 2026 | In contract | - | |
| In contract | |||
| Sep 18, 2025 | Price Decreased |
$4,500,000
↓ $500K
(10%) | |
| Price Decreased | |||
| Jul 14, 2025 | Listed by Douglas Elliman Real Estate | $5,000,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Jan 16, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017