60 Lake Shore Drive
About This Property
The impressive 20' x 40' great room with soaring vaulted ceilings and a wood-burning fireplace creates a stunning focal point, while a second fireplace adds warmth and character. An updated eat-in kitchen, dedicated home office, spacious backyard, and thoughtfully designed living spaces complete this remarkable property.
Ideally located just moments from the vibrant restaurants, shopping, parks, marinas, and entertainment of Patchogue Village, this home also offers the added benefit of **no flood insurance required**.
What truly makes this offering unique is the opportunity to purchase the neighboring residence at **56 Lake Shore Drive**, a fully renovated 2-bedroom designer cottage offered separately for **$400,000**. Purchase one or both to create a rare private compound, multigenerational retreat, or exceptional investment opportunity in one of Long Island's most desirable communities.
**60 Lake Shore Drive** is offered at **$799,000**. Opportunities to own two adjacent homes like this are exceptionally rare.
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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.
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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| Sep 29, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Aug 1, 2026 | Listed by RMC Empire LLC | $799,000 | |
| Listed by RMC Empire LLC | |||
| Jan 22, 2026 | Sold | ||
| Sold | |||
| Nov 3, 2025 | In contract | - | |
| In contract | |||
| Oct 17, 2025 | Listed by Realty Connect USA L I Inc | $599,999 | |
| Listed by Realty Connect USA L I Inc | |||
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Welcome to 60 Lake Shore Drive — a home that feels straight out of a storybook, where warmth, and space come together on one of Patchogue’s most picturesque lakefront streets with lake views from multiple rooms! Not only is this home an unbeatable find by itself at an asking price of $599,999, but provides an exceptionally rare opportunity for a larger investment! This residence can also be purchased together with the neighboring 2 bedroom cottage which is currently listed as 56 Lake Shore Dr for an additional $299,999! This is a once-in-a-lifetime offering to own two extraordinary homes side by side in one of Long Island’s most popular communities for a combined asking price of $899,999 if desired!
Step through the doors and into a stunning 20x40 great room, where soaring vaulted ceilings and a grand wood-burning fireplace set the tone for gatherings both large and intimate. A second fireplace in the expansive dining room adds another layer of charm, while the spacious eat-in kitchen, complete with stainless steel appliances, invites family and friends to linger a little longer.
The home features 5 bedrooms, 3 full baths, a dedicated home office, including a luxurious primary suite with a beautifully updated bathroom and walk-in closet. A full basement and an attached 2-car garage provide ample space and practicality to match the home’s elegance.
Located just moments from the heart of Patchogue Village, you’ll enjoy easy access to Patchogue Village's Main Street dining, entertainment, shopping and all that this waterfront community has to offer—all while being tucked away on a quiet street that does not require flood insurance!
Please note that the main house is listed for $599,999, while the cottage is listed separately for $299,999 and the combined package of both homes is offered at $899,999.
Do not delay as this exceptional opportunity will only last so long!
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About Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017