3995 Wells Avenue, Southold, NY 11971

$1,495,000 · 4 bed · 4 bath · 4,300 sq ft · built 1957 · MLS# 1051232 · Active

Bring your vision to the waterfront in Southold. Set along a peaceful creek with direct water access, this fully gutted home offers a rare opportunity to create a custom North Fork retreat. A newly installed bulkhead and existing private dock provide the perfect setting for boating, fishing, kayaking and unforgettable days on the water. Renovate, redesign and make it your own—all just minutes from Southold Village, beaches, vineyards and celebrated local restaurants. Property is being sold as-is.

Single-family homes in the Southold Union Free School District sold for a median of $985,000 (typically $765,000–$1,700,000) across 88 recorded sales between Oct 9, 2025 and Sep 22, 2026, down 9.9% on the 12 months before. This home's $1,495,000 list price sits in the upper single-family tier for the Southold Union Free School District.

ZIP 11971 has about 5.1 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 $10,728 a year, this home's property tax runs roughly 34% above the $8,000 typical for Southold Union Free 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