24 Pegs Lane, Riverhead, NY 11901

$799,000 · 3 bed · 2 bath · 1,288 sq ft · built 1991 · MLS# 929313 · Active

IMMACULATE HOME WITH LOW TAXES IN SOUTHAMPTON TOWNSHIP! Discover this amazing Cape-Code move-in-ready 3-bedroom, 2-full bathroom residence perfectly situated in desirable Riverhead. The home boasts a highly sought-after open-concept floor plan, creating the ideal setting for both daily living and effortless entertaining. You'll find gleaming hardwood flooring throughout and an abundance of natural light. The full basement, offers tremendous potential for storage. Step outside to a generously sized yard and a detached one-car garage. Enjoy the peace of mind that comes with natural gas heating and the significant financial benefit…

Single-family homes in the Riverhead Central School District sold for a median of $739,000 (typically $550,000–$900,000) across 308 recorded sales between Oct 6, 2025 and Oct 1, 2026, up 19.2% on the 12 months before. This home's $799,000 list price sits in the upper single-family tier for the Riverhead Central School District.

ZIP 11901 has about 4.4 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 $5,743 a year, this home's property tax runs roughly 43% below the $10,000 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