Buy with Yoreevo
$5,600,250
List Price: $5,700,000
Share Listing
Save Listing
1600 Bay Avenue
House in East Marion •  building info
studio • 65,340ft² $87 per ft²
Buy with Yoreevo

$5,600,250

List Price

$5,700,000

Key Details
Days on market
69
Last price change
loading...
Estimated payment
$31,393/mo
Taxes
$636/mo
Maintenance
N/A
Description
Attention Investors! You've found the perfect investment for those looking to capitalize on this properties Resort Residential Zoning. Enjoy panoramic views of Lake Marion. This 1.5 acre (approx.) property is a short walk to a community beach with views of Peconic Bay. There are nine rental units on the property as follows: Six 2 brs. Three of which have 1 bth, three have 2 bth. Three 1 brs. All have kitchens which include an electric or gas range. All are heated and have air conditioners.

Hide full description

Important Stuff
Washer/Dryer in unit
Home features
Dishwasher
Hardwood floors
Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$5,700,000
Asking Price: $5,700,000
Term
30 Years
Down Payment
$570,000 (10%)
Min: 10% (570,000)
Rate
6.0 %
Mortgage Amount
$5,130,000
Mortgage Payment
$30,757
Taxes
$636
Estimated Yoreevo rebate
$99,750
Estimated closing cost
$258,000
Total monthly cost $31,393
Buy your dream home with us and get an estimated $99,750 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Colony Realty

Information ©2026, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.