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43 Homewood Drive
About This Property
Renovated in 2019, the home opens to a bright, open-concept living space with vaulted ceilings, a wood-burning fireplace, and an easy flow between the living room, dining area, and U-shaped kitchen. Quartz countertops and stainless steel appliances complement the kitchen, while sliding glass doors off the dining area extend the living space outdoors to the expansive bluestone patio, backyard, and pool.
Down the hall are two well-proportioned bedrooms and an updated full bath. Privately positioned at the end of the hall, the primary suite features its own renovated en-suite bath, with a conveniently located laundry area just outside the bedroom.
The beautifully finished lower level adds substantial versatility, with high ceilings, a spacious second living area, full kitchenette, two bonus rooms, a full bath, additional laundry, and walk-out access to the backyard - an ideal extension of the home for guests, recreation, a home office, or additional living space.
Outside, the fully fenced property is designed for Hamptons summers, with a large heated pool, expansive bluestone patio, generous lawn, and plenty of room for outdoor dining, entertaining, and lounging.
Just approximately half a mile from Shinnecock Bay access (about a three-minute drive or ten-minute walk) the location makes it easy to launch a kayak or paddle board and enjoy life on the water. Nearby Tiana Shores Association offers membership opportunities with access to its private bay beach, pool, tennis court, and clubhouse.
Conveniently positioned between Westhampton Beach and Southampton Village, the property offers an appealing combination of privacy, recreation, and accessibility - equally suited to year-round living or a Hamptons getaway. For those considering the property as an investment, an active rental permit and strong rental appeal offer an additional opportunity.
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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%.
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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 16, 2026 | In contract | - | |
| In contract | |||
| Aug 26, 2026 | Relisted | $1,375,000 | |
| Relisted | |||
| Jun 12, 2026 | In contract | - | |
| In contract | |||
| Nov 19, 2025 | Listed by Compass Greater NY LLC | $1,375,000 | |
| Listed by Compass Greater NY LLC | |||
| Jun 26, 2019 | Sold | ||
| Sold | |||
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About Hampton Bays
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017