5 Oakwood Drive, Wading River, NY 11792

$699,000 · 1 bed · 1 bath · 1,170 sq ft · built 2022 · MLS# 1043604 · Active

Gorgeous home on a secluded lot in the coveted community of Lewin Hills. The private beach, open floor plan, 25 ' ceilings and sauna make this your dream house. Relax on the spacious deck just outside the wall of windows, showering the home with natural light. The spectacular 2nd floor bedroom and loft overlook the living room and provide an atmostphere of grandeur.

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 $699,000 list price sits in the mid-market single-family tier for the Riverhead Central School District.

ZIP 11792 has about 5.3 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 $10,049 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