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$837,000
List Price: $850,000
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150 Baywater Avenue
House in Southold •  building info
3bd • 4ba • 2,100ft² $405 per ft²
Buy with Yoreevo

$837,000

List Price

$850,000

Key Details
Days on market
9
Last price change
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Estimated payment
$5,214/mo
Taxes
$627/mo
Maintenance
N/A
Description
Steeped in history and set on a 1.05-acre parcel in the heart of the North Fork, this circa-1663 residence presents a rare opportunity to preserve and reimagine one of Southold's oldest and most significant properties. Ideally positioned, it is just moments from one of the East End's finest sandy bay beaches and Croteaux Vineyards, as well as a short drive to renowned wineries, farm stands, and the charming village of Southold, with its shops, waterfront, and access to the Long Island Sound. The land at 150 Baywater Avenue is tied to the remarkable story of Maltby Freeman, a formerly enslaved man who earned his freedom in 1807 and, through extraordinary determination, came to own this very property along Bayview near South Harbor Road. Maltby and his wife, Dorcus Benjamin, began with a single-room structure, gradually expanding it into a family homestead in the early 1800s. Their descendants continued to acquire land, eventually owning a house and 30 acres. The Freeman family's story is one of the earliest documented examples of Black land ownership and upward mobility on Long Island, and this property stands as a tangible connection to that chapter of American history. The property is offered strictly as-is, presenting a rare opportunity for a developer, preservationist, or visionary owner-builder. Included in the sale is a complete set of fully approved architectural and construction plans, a process that required two years of review by the Historic Preservation Commission, Town Planning Department, and Building Department. This extensive approval represents significant time, cost, and expertise that the next owner will not need to replicate. With permits and plans already secured, construction can begin immediately upon closing. For those seeking a property defined by history, character, and forward potential, 150 Baywater Avenue is ready for its next chapter.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$850,000
Asking Price: $850,000
Term
30 Years
Down Payment
$85,000 (10%)
Min: 10% (85,000)
Rate
6.0 %
Mortgage Amount
$765,000
Mortgage Payment
$4,587
Taxes
$627
Estimated Yoreevo rebate
$13,000
Estimated closing cost
$25,000
Total monthly cost $5,214
Buy your dream home with us and get an estimated $13,000 rebate.
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to a minimum commission.
Listing Courtesy of Compass Greater NY

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