Buy with Yoreevo
$846,700
List Price: $860,000
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1547 Walt Whitman Road
House in Melville •  building info
4bd • 2ba • 1,940ft² $443 per ft²
Buy with Yoreevo

$846,700

List Price

$860,000

Key Details
Days on market
154
Last price change
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Estimated payment
$5,676/mo
Taxes
$910/mo
Maintenance
N/A
Description
A rare opportunity awaits in the prestigious Half Hollow Hills East School District with this oversized 100 x 140 lot (approximately one-third acre). More than just a property, this is an investment perfectly timed with Melville’s newly approved downtown transformation, where its well overdue Main Street is set to become a vibrant walking destination filled with shops, apartments, and restaurants. As construction begins, workers and professionals will need housing, driving up both property values and rental demand — and this home is ideally positioned to capture it all. The expanded and rear-dormered Cape features five bedrooms, two full baths, and four separate exterior entrances, making it highly adaptable for multi-generational living, rental income, or home-based businesses. A legal accessory apartment on the second floor adds even more flexibility, while the full basement with high ceilings and a private entrance offers the potential for a studio, office, gym, or recreation space. Investors will appreciate the deep 1.5-car garage with loft storage, the oversized 11-car driveway perfect for trucks or trailers, and a fully fenced backyard with a 12-foot access gate — all enhancing usability and value. With an in-ground sprinkler system, new architectural roof, and very low taxes, carrying costs remain minimal while long-term ROI is maximized. The flat, deep lot itself brims with potential, whether you envision a luxury backyard retreat, a modern renovation, or even a custom new build. Conveniently located near highways, shopping, parks, and public transit, the property balances accessibility with tranquility, all within a school district renowned for excellence. Opportunities of this size, flexibility, and location are rare. With the Melville Main Street redevelopment set to redefine the area, now is the moment to secure a property that offers immediate income potential and extraordinary appreciation tomorrow. Don’t miss out on this unique chance to plant roots, build, or invest in a one-of-a-kind home that sits at the very heart of Long Island’s future.

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Washer/Dryer in unit
Building amenities
Services and facilities
Parking

Garage

Building info

History
What it'll cost
Purchase price
$860,000
Asking Price: $860,000
Term
30 Years
Down Payment
$86,000 (10%)
Min: 10% (86,000)
Rate
6.25 %
Mortgage Amount
$774,000
Mortgage Payment
$4,766
Taxes
$910
Estimated Yoreevo rebate
$13,300
Estimated closing cost
$25,000
Total monthly cost $5,676
Buy your dream home with us and get an estimated $13,300 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of HomeSmart Premier Living Rlty

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