530 Oceanpoint Avenue, Cedarhurst, NY 11516

$1,575,000 · 5 bed · 2 bath · 1,942 sq ft · built 1932 · MLS# 1072274 · Active

PRIME CEDARHURST LOCATION! Fantastic opportunity to own a beautifully updated legal two-family home in the heart of Cedarhurst! Situated on an oversized 60' x 100' property, this versatile home is perfect for investors, end users looking to offset their mortgage with rental income, or those looking to convert into a spacious single-family residence. Both apartments have been newly renovated and updated! The first-floor apartment features 2 bedrooms, 1 full bathroom, and a spacious living room. The second-floor apartment offers 3 bedrooms, 1 full bathroom, and a large living room. Additional…

Single-family homes in the Lawrence Union Free School District sold for a median of $1,290,000 (typically $1,050,000–$1,955,000) across 127 recorded sales between Nov 5, 2025 and Oct 30, 2026, up 0.8% on the 12 months before. This home's $1,575,000 list price sits in the upper single-family tier for the Lawrence Union Free School District.

ZIP 11516 has about 7.1 months of single family inventory — buyer's market. Ample inventory gives buyers strong choice and negotiating leverage, with frequent price adjustments.

At about $9,677 a year, this home's property tax runs roughly 19% below the $12,000 typical for Lawrence Union Free School District. Nassau assessments run on a multi-year cycle, so the assessed value behind this bill can lag what the home actually sells for today. A sale does not automatically reset it, and 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