Buy with Yoreevo
$1,475,000
List Price: $1,500,000
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316 Fire Island Boulevard
House in Fire Island •  building info
3bd • 3ba • 1,400ft² $1,071 per ft²
Buy with Yoreevo

$1,475,000

List Price

$1,500,000

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James McGrath
(212) 365-0151 • 
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Key Details
Days on market
12
Last price change
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Estimated payment
$9,336
Taxes
$803
Monthly maintenance
N/A
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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Building Amenities
Parking Available
History
What it'll cost
Purchase price
$1,500,000
Asking Price: $1,500,000
Term
30 Years
Down Payment
$150,000 (10%)
Min: 10% (150,000)
Rate
6.5 %
Mortgage Amount
$1,350,000
Mortgage Payment
$8,533
Taxes
$803
Estimated Yoreevo rebate
$25,000
Estimated closing cost
$54,000
Total monthly cost $9,336
Buy your dream home with us and get an estimated
$25,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of BEKIN

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