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Shinnecock Hills 11968
39 Cedar Drive
Photo of 39 Cedar Drive

34

Map

Photo of 39 Cedar Drive
Photo of 39 Cedar Drive
$2,150,000
↑ $650K (43.3%)
● House - For Sale

39 Cedar Drive

Southampton, NY 11968
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,200 Ft²
$11,678
Est. Monthly

About This Property

Southampton investment property offering a rare multi-structure compound on approximately 1.2 acres south of Montauk Highway, near Shinnecock Bay and close to ocean beaches. The property includes four structures: a main residence with a lower level; a separate guest cottage with 1 bedroom, full bath and powder room; a two-story garage; and an additional shed. The generous acreage and existing layout provide flexibility for renovation, reconfiguration, or value-add potential. Room for a pool and/or tennis court (subject to approvals). A unique opportunity to reimagine a Southampton compound in a sought-after resort market location.
Unit Size
3,200 Ft²
Days on Market
320 days
Land Size
1.20 acres
Price per sqft
$672
Property Type
House
Property Taxes
$1,121
HOA Dues
-
Year Built
1997

Listed By

Laura J De La Cruz
[email protected]
Town And Country Real Estate

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Cap Rate Calculator

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Cap Rate 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: 10 hours ago (OneKey MLS #KEY942735)

Price History

Date / Event Date Event Price
Jul 9, 2026 Price Increased $2,150,000
↑ $650K (43.3%)
Price Increased
Jul 9, 2026 Relisted $1,500,000
Relisted
Jul 2, 2026 No longer available -
No longer available
Dec 9, 2025 Listed by William Raveis New York LLC $2,100,000
Listed by William Raveis New York LLC
Dec 4, 2025 No longer available -
No longer available
Show More

Property Highlights

Garage
Fireplace
Parking Details
Has Garage
Has Open Parking
Parking Features: Driveway
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: First Floor Bedroom, First Floor Full Bath
Appliances: Oven, Refrigerator
Rooms: 8
Has Fireplace
Fireplaces: 1
Basement: Finished, Full
Exterior Details
Square Footage: 3200
Square Footage Source: $0
Architectural Style: Other
Year Built: 1920
Building Area Units: Square Feet
Construction Materials: Frame
Lot Size Area: 47916
Lot Size Units: Square Feet
Lot Size Acres: 1.2
Lot Size Square Feet: 47916
Water Source: Well
Financial Details
Tax Assessed Value: $1,484,600
Tax Annual Amount: $13,453
Utilities Details
Cooling Type: Wall/Window Unit(s)
Heating Type: Forced Air
Sewer : Septic Tank

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 2
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 34
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 768
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 47,916
  • Total Building Area: 2,720
  • Gross Building Area: 2,720
  • Building Area: 2,720
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,577
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CEDAR SHORES
  • Land Acres: 0000001100
  • Standard Land Use Code: 1110
  • County Land Use Code: 281
  • Legal Description 1: BLK LOT 165-175

Neighborhood

  • School District Name: Tuckahoe Common School District
  • School Tax School District: TUCKAHOE COMMON
  • Census Tract: 190709

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: MAP 1817
  • District: 0900-2
  • Section: 271.00
  • Parcel: 0900-271.00-01.00-048.018
  • Block: 1
  • Lot: 48.018
  • Municipality: SOUTHAMPTON
  • Latitude: 40.882
  • Longitude: -72.4593

    Address

  • Full Address: 39 Cedar Dr
  • Address - House Number: 39
  • Address - Street Name: Cedar
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Southampton
  • Carrier Code: C002
  • 4-Digit Zip Code: 4226
  • Zip Code: 11968

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 473613

    Appraisal Valuation

  • Standard Deviation: 0.2358
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 52
  • Final Value: 2,019,573
  • High Value: 2,495,881
  • Low Value: 1,543,264

    Market Valuation

  • Market Total Value: $2,136,116
  • Market Land Value: $1,508,058
  • Market Improvement Value: $628,058

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,484,600
  • Assessed Land Value: $1,048,100
  • Assessed Improvements Value: $436,500

    Sales

  • Current Sale Contract Date: Aug 24, 2023
  • Current Sale Recording Date: Nov 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 12, 2018
  • Previous Sale Contract Date: Oct 23, 2018
  • Previous Sale Document Type: 55
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Shinnecock Hills

Stats & Trends

Median Asking:

$2,187,000

Sale Price/ft²

$823

Below Asking

0.02%

Average Days on Market

82

Average Home Size

3686 ft²

Average Home Age

27.2 years

Currently For Sale

22 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 16 Osceola Lane, Southampton, NY, 11968

$10,000 /mo

  • 2 Beds
  • 1 Bath
  • 986 ft²
16 Osceola Lane, Southampton, NY, 11968 Listing by Jessica D. Bell

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 10 hours ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 39 Cedar Drive built and last sold?
The property at 39 Cedar Drive was built in 1997 and last sold on Aug 24, 2023 for $1,500,000.
How much is this home worth?
The estimated value of the home located at 39 Cedar Drive is $2,174,750.
What are some comparable homes to 39 Cedar Drive?
There are currently no comparable homes to 39 Cedar Drive.
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