316 Fire Island Boulevard
Fire Island Pines, NY, 11782 $ 1,500,000
Bedrooms3 Baths3.0 Sq 1,400 Monthly Estimate*
$ 9,969
for $1,500,000 with 3 bedrooms and 3 full baths. This 1,400 square foot home was built in 1970 on a lot size of 0.18.
Discover an exceptional investment opportunity at 316 Fire Island Blvd, nestled in the heart of Fire Island Pines, NY. This meticulously renovated property, originally built in 1956, offers a blend of modern luxury and serene outdoor living across its 1400 sq ft of living space. Featuring three elegantly designed bedrooms and three fully updated bathrooms, each space within this home has been thoughtfully curated to maximize comfort and style. The heart of the home is its new kitchen, equipped with top-of-the-line appliances and finishes, seamlessly extending into an expansive new outdoor kitchen area, perfect for entertaining and al fresco dining. The crown jewel of this property is its exceptionally large and private outdoor area. Envisioned for the ultimate in privacy and relaxation, it serves as a personal oasis, ideal for those who cherish their outdoor moments. Financially, this property stands as a lucrative investment with a sale price of $1,500,000. It boasts an impressive rental revenue of $99,949 for 2024, achieving near 100% occupancy from June through mid-September. With rental rates peaking at $14,500 during holidays and $12,500 in the peak season, the investment potential is significant. The property's annual expenses are efficiently managed, ensuring a profitable return on investment. Financial Highlights: 2024 Rental Revenue:?$99,949 2024 Occupancy:?Nearly 100% (June to mid-September) Peak Season Rates:?$14,500 (holidays), $12,500 (peak season) Annual Expenses Electric Costs:?$4,000 Water Costs:?$600 Taxes:?$10,017 Property Insurance:?$2,300 Flood Insurance:?$2,500 Pool Maintenance:?$1,600 (May-September) Housekeeping:?$225/week (when occupied) This offering is not just a home; it's a lifestyle and investment opportunity rolled into one. With its recent high-end renovations, unmatched privacy, and proven rental income, 316 Fire Island Blvd presents a rare chance to own a piece of paradise in Fire Island Pines. Whether as a personal retreat or a strategic investment, this property promises to be a valuable addition to any portfolio.
See more
FeaturesGeneralArchitectural Style Seasonal Dwelling
High School Bay Shore Senior High School
High School District Fire Island
Elementary School Woodhull School
Middle/Junior High School Bay Shore Middle School
Middle/Junior School District Fire Island
Elementary School District Fire Island
See more
* Excluded FeaturesList ByJoshua DawsonListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $9,969
- Monthly Property Taxes
- $803
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Fire Island Pines, NY
Average List Price $1,982,713
Percent of Sale Price 32%
Trends Information provided by ATTOM Data Solutions.
4101162 Elementary School
4099741 Middle School
Bay Shore Senior High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/22/2024 | $1,500,000 | | Listed Price |