5 Midway Street, Babylon, NY 11702

$1,349,000 · 4 bed · 3 bath · 2,462 sq ft · built 1950 · MLS# 1059782 · Active

Welcome home to this beautifully renovated waterfront Hampton-Style Dutch Colonial located South of Montauk Highway in the highly desirable Village of Babylon. With 70 feet of Navy bulkhead, direct water access and beautiful sunset views, this home offers waterfront living at its best. From the moment you enter, the home has a warm and inviting feel with an open-concept layout, beautiful white oak hardwood floors, handcrafted moldings and an abundance of natural light. At the heart of the home is a stunning gourmet kitchen featuring custom white cabinetry with chic…

Single-family homes in the Babylon Union Free School District sold for a median of $762,000 (typically $650,000–$960,000) across 80 recorded sales between Oct 27, 2025 and Oct 2, 2026, down 7.1% on the 12 months before. This home's $1,349,000 list price sits in the luxury single-family tier for the Babylon Union Free School District.

ZIP 11702 has about 2.8 months of single family inventory — seller's market. Demand is outpacing supply, so homes sell quickly with firm pricing and limited room to negotiate.

At about $21,067 a year, this home's property tax runs roughly 50% above the $14,000 typical for Babylon 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