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Southold 11971
65 Lake Drive
Photo of 65 Lake Drive
Sold on Oct 28, 2025

16

Map

Photo of 65 Lake Drive
Photo of 65 Lake Drive
$999,999
● House - Off Market

65 Lake Drive

Southold, NY 11971
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$5,551
Est. Monthly
37.52%
Cap Rate

About This Property

The Perfect Beach Bungalow Getaway! An Idyllic Location, With Kenney's Beach Practically At Your Doorstep, This Charming Bungalow Offers Ample Space For Everyone With Five Bedrooms And Two Bathrooms. Relax And Unwind On The Outside Decks Enjoying Morning Coffee, Fresh Sea Breezes And Evening Sunsets Or Warm-up Indoors by the Fireplace.  With Its Wonderful Location, Numerous Amenities And Proximity To Local Attractions, This Beach Bungalow Offers Everything You Need For A Memorable Escape. Prepare For A Rejuvenating Retreat At Kenney's Beach!
Unit Size
1,500 Ft²
Days on Market
314 days
Land Size
0.80 acres
Price per sqft
$667
Property Type
House
Property Taxes
$640
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 2 years ago (OneKey MLS #KEY804563)

Price History

Date / Event Date Event Price
Oct 28, 2025 Sold
Premium
Sold
Aug 22, 2025 In contract -
In contract
Jul 17, 2025 Price Decreased $999,999
↓ $99K (9%)
Price Decreased
May 8, 2025 Price Decreased $1,099,000
↓ $101K (8.4%)
Price Decreased
Dec 18, 2024 Listed by Thomas J McCarthy Real Estate $1,200,000
Listed by Thomas J McCarthy Real Estate

Property Highlights

With View
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,424
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000400
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: BOOK 2 PAGE 00050 BILL 006803

Neighborhood

  • School District Name: Southold Union Free School District
  • School Tax School District: SOUTHOLD
  • Census Tract: 170203

Zoning

  • Zoning: R-40

Geography

  • Account Number: 08
  • District: 1000-0
  • Section: 59.00
  • Parcel: 1000-059.00-05.00-024.000
  • Block: 5
  • Lot: 24.000
  • Municipality: SOUTHOLD
  • Latitude: 41.0706
  • Longitude: -72.4536

    Address

  • Full Address: 65 Lake Dr
  • Address - House Number: 65
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Southold
  • Carrier Code: R004
  • 4-Digit Zip Code: 2532
  • Zip Code: 11971

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $675,165
  • Tax Rate Code Area: 473805

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 70
  • Final Value: 1,045,670
  • High Value: 1,270,270
  • Low Value: 821,070

    Market Valuation

  • Market Total Value: $8,246
  • Market Land Value: $1,579
  • Market Improvement Value: $6,667

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,700
  • Assessed Land Value: $900
  • Assessed Improvements Value: $3,800
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Southold

Stats & Trends

Median Asking:

$1,299,000

Sale Price/ft²

$601

Below Asking

0.02%

Average Days on Market

112

Average Home Size

2756 ft²

Average Home Age

48.6 years

Currently For Sale

45 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 65 Lake Drive built and last sold?
The property at 65 Lake Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 65 Lake Drive is $1,009,999.
What are some comparable homes to 65 Lake Drive?
There are currently no comparable homes to 65 Lake Drive.
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