59600 Main Road
About This Property
At the southern edge, a 3,500 sq. ft. waterfront residence captures sweeping bay views, while the northern boundary along Main Road features a 2,200 sq. ft. home. The north section also includes a series of barns and farm buildings, providing ample agricultural and operational versatility.
Zoned R-80 with an Agricultural District exception, this property allows for large-lot residential zoning with the flexibility of active agricultural use. R-80 zoning is intended to preserve Southold Town's rural character by maintaining spacious residential living and open land. The agricultural exception designation allows for expanded farm operations, including, but not limited to, processing and direct sale of farm products such as wine, jams, baked goods, and crops.
This incredible waterfront acreage, steeped in North Fork history, is ready for its next steward.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 28, 2026 | Sold | ||
| Sold | |||
| Oct 4, 2025 | In contract | - | |
| In contract | |||
| Aug 15, 2025 | Listed by Compass Greater NY LLC | $13,000,000 | |
| Listed by Compass Greater NY LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017