40 Dune Road
About This Property
At the heart of the home, an expansive deck just off the kitchen creates the ultimate setting for al fresco dining and entertaining, where ocean breezes and panoramic vistas elevate every moment.
The first floor is anchored by a luxurious primary suite, complete with a private walkway leading to an upper deck overlooking the Atlantic-your own serene retreat above the shoreline. This level also features a welcoming den with a wood-burning fireplace, along with three generously sized bedrooms and two full baths, all thoughtfully designed for comfort and style.
The lower level provides an ideal space for guests, offering an ensuite bedroom, two additional bedrooms, a full bath, and a second den-perfect for relaxed gatherings or extended stays.
Outdoors, the property transforms into a true summer oasis. A newly renovated heated gunite pool is perfectly positioned between the main residence and an amenity-rich pool house, creating a private resort-like setting. After a day at the beach, unwind poolside or retreat to the pool house, which features a spacious den, changing rooms, a kitchenette, and two full baths.Completing this exceptional offering is a private putting green, adding yet another layer of leisure to this remarkable coastal escape. A rare opportunity to own a premier oceanfront estate in one of the Hamptons' most sought-after locations-where luxury, tranquility, and timeless coastal beauty converge.
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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 |
|---|---|---|---|
| Apr 28, 2026 | Listed by Compass Greater NY LLC | $16,999,000 | |
| Listed by Compass Greater NY LLC | |||
| Apr 26, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017