400 Roosevelt Avenue, Freeport, NY 11520

$999,000 · 6 bed · 3 bath · 3,128 sq ft · built 1962 · MLS# 1005548 · Active

Rare waterfront opportunity! Situated on an oversized property along a wide, navigable canal, this spacious two-family home offers the ultimate Long Island waterfront lifestyle. Each unit features 3 bedrooms, providing a total of 6 bedrooms and endless possibilities for owner-occupants, investors, or multi-generational living. Enjoy breathtaking water views, direct boating access, and plenty of outdoor space for entertaining, relaxing, or expanding your waterfront dreams. Whether you're watching the boats go by, launching your own vessel from the canal, or simply taking in the serene setting, this exceptional property combines income…

Two-to-three-family homes in the Freeport Union Free School District sold for a median of $710,000 (typically $615,000–$740,000) across 5 recorded sales between Feb 26, 2026 and Aug 25, 2026. Too small a sample to be statistically stable — that median rests on 5 recorded sales, so a single sale moves it substantially. Treat it as a starting point rather than a market reading.

ZIP 11520 has about 3.6 months of inventory — seller's market. Demand is outpacing supply, so homes sell quickly with firm pricing and limited room to negotiate.

At about $19,422 a year, this home's property tax runs roughly 39% above the $14,000 typical for Freeport Union Free School District. Nassau assessments run on a multi-year cycle, so the assessed value behind this bill can lag what the home actually sells for today. A sale does not automatically reset it, and exemptions such as STAR, Senior or Veteran move the number as well — a new owner's bill is often not the same as the seller's.

OneKey MLS (recorded LI sales, trailing 12mo) + actual tax