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316 Fire Island Boulevard

Fire Island Pines, NY 11782
  • $1,500,000
  • STATUS: Active
  • ON SITE: 58 Days
  • MLS #: 3546284
UPDATED: 102 min ago
$1,500,000
  • 3
    BEDS
  • 0.18
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,400
    SQFT
  • $1,071
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1970
County:
Area:

School Information

Elementary School:
Middle School:
School District:

Description

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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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2024-06-20T17:20:59.903.
www.nicoleburkehomes.com/homes/149759500
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316 Fire Island Boulevard Fire Island Pines, NY 11782

  • Price: $1,500,000
  • Status: Active
  • On Site: 58 Days
  • Updated: 102 min ago
  • MLS #: 3546284
3
Beds
3
Baths
0
½ Baths
0.18
Acres
1,400
SQFT
$1,071
$/SQFT
1970
Built
Neighborhood:
Brookhaven
County:
Suffolk
Area:
Brookhaven
Elementary School:
Woodhull School
Middle School:
Bay Shore Middle School
High School:
Bay Shore Senior High School
School District:
Fire Island
Property Description
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.
Exterior Features

Architectural Style Seasonal Dwelling Attached Garage YN No Construction Materials FrameWood Siding Cross Street Sky Walk Direction Faces Northwest Fencing Back YardFenced Lot Features Corner Lot Parking Features None Patio And Porch Features DeckPatioPorch Pool Features Above Ground Pool Private YN Yes Property Attached YN No

Interior Features

Appliances DishwasherDryerFreezerMicrowaveOvenRefrigeratorWasher Attic Description None Basement Details None Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace YN Yes Fireplaces Total 1 Flooring Hardwood Heating WoodHeat Pump Hot Water Electric Stand Alone Interior Features Granite Counters Number Of Kitchens 1 Rooms Total 6

Property Features

Garbage Removal Public Inclusions A/C UnitsDishwasherDryerFreezerGas GrillHot TubMicrowaveRefrigeratorWasher Lease Considered YN Yes MLSArea Minor 25 New Construction YN No Property Sub Type Single Family Residence Rent Income 99949 Senior Community YN No Sewer Cesspool Tax Annual Amount 9630 Tax Annual Amount1 9630 Water Source Public

Listing courtesy of Joshua Dawson of BEKIN: 917-717-5608
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2024-06-20T17:20:59.903.
 
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Plainview NY, 11803