120 Scenic Lake Drive, Riverhead, NY 11901

120 Scenic Lake Drive, Riverhead, NY 11901

$549,000 · 2 bed · 2 bath · 1,386 sq ft · built 2001 · MLS# 1056657 · Active

A coveted single level 2-bedroom, 2-bath Biscayne model in the desirable gated community of Saddle Lakes is now available. The Kitchen with Silestone counters is filled with natural light. This lovely home offers an inviting layout designed for comfortable everyday living as well as easy entertaining. The spacious primary bedroom features two closets and a private full bath. The second bedroom, which can also serve beautifully as a den or home office, opens to a private patio surrounded by nature, an ideal spot to relax with a cup of tea…

Condos in the Riverhead Central School District sold for a median of $600,000 (typically $500,000–$650,000) across 57 recorded sales between Oct 7, 2025 and Sep 25, 2026, up 17.6% on the 12 months before. This home's $549,000 list price sits in the mid-market condo tier for the Riverhead Central School District.

ZIP 11901 has about 3.9 months of condo inventory — seller's market. Demand is outpacing supply, so homes sell quickly with firm pricing and limited room to negotiate.

At about $5,344 a year, this home's property tax is in line with the roughly $5,000 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

Listings courtesy of OneKey® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of October 11, 2026 3:30 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Riverhead Market Trend

Over the past 2 years, Riverhead has cooled from a peak near $635K around September 2024 to about $525K, with homes taking longer to sell. If this trend continues, conditions could keep easing toward a more balanced market.