45 Peconic Road, Hampton Bays, NY 11946

$1,100,000 · 5 bed · 2 bath · 1,466 sq ft · built 1951 · MLS# 1049296 · Active

Fire your landlord and you collect the rent with this unique investment opportunity featuring two separate homes on a wooded half-acre parcel just a few short blocks from a sandy Peconic Bay beach. The first home is a brick ranch offering a full basement, knotty pine details throughout, three bedrooms, a living room, eat-in kitchen, oil heat, and a deck. The second home features two bedrooms, a kitchen, living room, one bath, full basement, and electric heat. Both homes are currently rented month-to-month, with tenants paying their own electric and…

Single-family homes in the Tuckahoe Common School District sold for a median of $2,040,000 (typically $1,490,000–$3,500,000) across 33 recorded sales between Oct 30, 2025 and Oct 2, 2026, down 0.5% on the 12 months before.

ZIP 11946 has about 6.7 months of single family inventory — buyer's market. Ample inventory gives buyers strong choice and negotiating leverage, with frequent price adjustments.

At about $5,186 a year, this home's property tax runs roughly 35% below the $8,000 typical for Tuckahoe Common 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