39 Cedar Drive, Southampton, NY 11968

$2,150,000 · 3 bed · 4 bath · 3,200 sq ft · built 1920 · MLS# 942735 · Active

Southampton investment property offering a rare multi-structure compound on approximately 1.2 acres south of Montauk Highway, near Shinnecock Bay and close to ocean beaches. The property includes four structures: a main residence with a lower level; a separate guest cottage with 1 bedroom, full bath and powder room; a two-story garage; and an additional shed. The generous acreage and existing layout provide flexibility for renovation, reconfiguration, or value-add potential. Room for a pool and/or tennis court (subject to approvals). A unique opportunity to reimagine a Southampton compound in a sought-after…

Single-family homes in the Tuckahoe Common School District sold for a median of $2,040,000 (typically $1,490,000–$3,500,000) across 33 recorded sales between Oct 30, 2025 and Oct 2, 2026, down 0.5% on the 12 months before.

ZIP 11968 has about 10.8 months of single family inventory — strong buyer's market. A heavily oversupplied market — buyers hold the upper hand, and sellers often offer price cuts or concessions to compete.

At about $13,453 a year, this home's property tax runs roughly 68% above the $8,000 typical for Tuckahoe Common 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