41 Prospect Place, Riverhead, NY 11901

$725,000 · 4 bed · 2 bath · 1,792 sq ft · built 1939 · MLS# 1037571 · Active

Welcome to this charming 4-bedroom, 2-bath Colonial located in the heart of Riverhead. The home was renovated approximately 5 years ago and features new windows, beautiful hardwood floors, and updated bathroom tile. The property offers gas heating and a standalone electric hot water system (new) and 2 car garage with new roof. Full basement and attic for storage. Conveniently located close to schools, shopping, gas stations, Main Street, and all that Riverhead has to offer. A great opportunity to own a well-maintained home in a convenient location.

Single-family homes in the Riverhead Central School District sold for a median of $739,000 (typically $550,000–$900,000) across 308 recorded sales between Oct 6, 2025 and Oct 1, 2026, up 19.2% on the 12 months before. This home's $725,000 list price sits in the mid-market single-family tier for the Riverhead Central School District.

ZIP 11901 has about 4.4 months of single family inventory — balanced market. Supply and demand are roughly even, so buyers and sellers share leverage with fair, predictable pricing.

At about $10,384 a year, this home's property tax is in line with the roughly $10,000 typical for Riverhead Central School District. Suffolk bills combine town, school and special-district levies, so two homes at the same price in neighboring districts can carry materially different taxes. 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