480 Ackerly Pond Lane
About This Property
From the moment you enter, the home makes a lasting impression. A covered front porch welcomes you into a light-filled foyer with shiplap accents and 9-foot ceilings that extend throughout. Warm hardwood floors and refined finishes create an atmosphere of understated sophistication.
The main level is centered around a spacious open-concept design, where a gas fireplace with custom built-ins anchors the living room and flows effortlessly into the chef's kitchen. Featuring a large center island, high-end appliances, and curated design details, this space is perfectly suited for both everyday living and effortless entertaining. The first-floor primary suite offers a private retreat, complete with a walk-in closet and a spa-like en-suite bath with a freestanding soaking tub, heated floors, and a built-in towel warmer. A well-appointed mudroom with heated tile connects to the laundry area, powder room, and attached two-car garage.
Upstairs, a second primary suite, junior suite, and two additional bedrooms are complemented by a beautifully designed full bath and a second laundry room-offering a thoughtful layout that allows for comfort, privacy, and flexibility when hosting or accommodating extended stays.
The fully finished basement continues the home's elevated design, featuring 9-foot ceilings, an egress window for natural light, a dedicated home office, wine cellar, wet bar, and full bath. This expansive lower level offers exceptional versatility-ideal for recreation, work-from-home needs, or additional living space tailored to your lifestyle.
Outdoors, a private backyard oasis awaits. A 14' x 35' fiberglass in-ground pool and bluestone patio create the perfect setting for gatherings or quiet moments alike. With no rear neighbors, the property offers a rare sense of peace and privacy. A separate well-pump irrigation system adds to the home's thoughtful efficiency.
Whether you're seeking a refined year-round residence or a North Fork retreat, this home offers the space, design, and setting to enjoy every moment-just minutes from Southold Town beaches, renowned vineyards, Greenport Harbor Brewery, marinas, and the best of North Fork living.
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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 |
|---|---|---|---|
| Jul 17, 2026 | Sold | ||
| Sold | |||
| May 31, 2026 | In contract | - | |
| In contract | |||
| Apr 26, 2026 | Listed by Compass Greater NY LLC | $1,749,000 | |
| Listed by Compass Greater NY LLC | |||
| Oct 5, 2025 | No longer available | - | |
| No longer available | |||
| Jul 24, 2025 | Price Decreased |
$1,899,000
↓ $51K
(2.6%) | |
| Price Decreased | |||
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About Southold
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017