5 James Street, East Rockaway, NY 11518

5 James Street, East Rockaway, NY 11518

$395,000 · 2 bed · 1 bath · 1,095 sq ft · built 1925 · MLS# 956326 · Active

Experience the essence of seaside living at this charming coastal retreat perfectly positioned for those who love life by the water. Nestled in a vibrant nautical community, this home offers proximity to marinas, boat slips, waterfront dining, and scenic canals. Inside, the home is filled with natural light and a breezy coastal feel, creating an inviting atmosphere that reflects the beauty of its surroundings—featuring 2 Bedrooms, an open layout, and a backyard oasis. Whether you’re heading out for a day on the water, enjoying sunset strolls along the shoreline, or…

Single-family homes in the East Rockaway Union Free School District sold for a median of $705,000 (typically $605,000–$800,000) across 78 recorded sales between Oct 10, 2025 and Oct 1, 2026, up 10.2% on the 12 months before. This home's $395,000 list price sits in the entry single-family tier for the East Rockaway Union Free School District.

ZIP 11518 has about 4.5 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 $9,916 a year, this home's property tax runs roughly 24% below the $13,000 typical for East Rockaway 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

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

Based on information submitted to the MLS GRID as of October 11, 2026 4:30 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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East Rockaway Market Trend

East Rockaway's monthly median has swung between $495K and $900K over the past 2 years — volatility that usually reflects a thin or mixed market rather than one steady trend. The typical recent sale has taken about 36 days to go under contract. Part of why that median has moved unevenly month to month is mix shift — which property types happen to sell. The roughly $660K blended median combines very different types, so a stretch heavy on multi-family (2-4 family) (around $835K) versus one heavy on co-ops (around $280K) can swing the all-types figure on its own, independent of any change in value. Of 238 recent sales, single-family made up the largest share at about 64% with a median near $700K, co-ops about 17% near $280K, multi-family (2-4 family) about 9% near $835K, condos about 9% near $644K. Because co-ops, though not the most common, is priced far enough from the rest to pull the blend down, the blended figure tends to sit below the single-family median rather than above it — so a typical single-family house has tended to sell closer to $700K, roughly $40K over the headline number, even though the higher-priced multi-family (2-4 family) in the mix pull the other way but at about 9% are too small a share to offset that drag. These are past medians, not predictions or guarantees, and individual properties vary widely; anyone weighing a specific property should review current comparable sales for that property type.

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Looking for off-market opportunities or a property attorney's read on this listing? Contact Joseph DeVito — Lic. R.E. Associate Broker + NY-licensed real estate attorney.