316 Fire Island Boulevard
Fire Island Pines, NY 11782
- 3 beds
- 3 baths
- 1,400 sqft
- 7,841 sqft lot
- $1,071 per sqft
- 1970 build
- – on site
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.
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Last updated Apr 26, 2024
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MLS# 3546284 —
Monthly cost estimate
Asking price
$1,500,000
| Expense | Monthly cost |
|---|---|
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Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$8,032
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| Taxes | $802 |
| Insurance | $412 |
| Utilities | $367 See report |
| Total | $9,613/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/22/24
Apr 22, 2024
|
Listed / Active | ONEKEY | $1,500,000 |