49 Gilberts Path
About This Property
At the heart of the home, the chef's kitchen with high-end appliances flows directly into the dining and living areas, where a wood-burning fireplace creates a warm central gathering space. An additional level offers three bedrooms and a family room, while a built-in sauna provides a private place to relax and recharge.
Outside, the unusually generous lot becomes a true Hamptons retreat, with a 20' x 40' heated gunite pool and patio, expansive decking, mature landscaping, and the protected dune preserve as a natural backdrop. A rooftop sundeck adds another private outdoor space for enjoying the coastal setting and ocean views. Best of all, private ocean beach access is just two houses away, offering the rare combination of a substantial property, protected natural surroundings, privacy, and immediate proximity to the beach in one of Amagansett's most desirable Dunes locations.
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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 |
|---|---|---|---|
| Sep 28, 2026 | Listed by Douglas Elliman Real Estate | $4,995,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Aug 1, 2026 | No longer available | - | |
| No longer available | |||
| Jun 13, 2026 | Price Decreased |
$5,800,000
↓ $300K
(4.9%) | |
| Price Decreased | |||
| Apr 10, 2026 | Price Decreased |
$6,100,000
↓ $100K
(1.6%) | |
| Price Decreased | |||
| Mar 7, 2026 | Relisted | $6,200,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017