NOT LISTED FOR SALE

505 E Bay Dr Long Beach, NY 11561

Estimated Value: $2,206,677 - $2,813,000

6 Beds
3.5 Baths
4,591 Sq Ft
$547/Sq Ft Est. Value

Last Sold August 16, 2023

Last sale price $2,600,000 $566 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $14,651/month

9 Days on Market

Highlights

  • Docks
  • Property Fronts a Bay or Harbor
  • Sauna
  • Lido Elementary School Rated A
  • In Ground Pool
  • City View

About This Home

As of August 2023

Spectacular Home located directly on Reynolds Channel with direct access to the Atlantic Ocean. Totally Renovated sun filled open concept home showcases waterfront views from every room. Gourmet kitchen features a center island with state of the art appliances. Plenty of Room for the whole family! Bright & Airy living room with Stone Gas Fireplace, glass enclosed great room, powder room, laundry room, pantry & 1 car garage. Main floor also features a 2 bedroom guest suite with a full bathroom. Relaxing Master Suite features floor to ceiling windows& views of the channel from every window. This suite comes with 2 oversized walk in closets, Sitting area has built in bar area with wine refrigerator with access to Private Waterfront deck. Master Spa Bathroom boasts an oversized steam shower, a free standing soaking tub, gas fireplace, double sinks and full Sauna room. 2nd level also features 3 large sized bedrooms and spacious full bath with Tub. Home is equipped with CAC, 6 zone radiant heat. Stunning backyard is equipped with heated In Ground Pool with Slide, Patio Area for sunbathing, outdoor hot/cold shower, electric awning for a beautiful shaded area, Side Yard with low maintenance turf, Deck, Floating Dock and plenty of room for your boat. Perfect for outdoor entertaining! This Long Beach home offers an elegant, low maintenance waterfront lifestyle. Enjoy boating & this home is nearby our beautiful Sandy Beaches!

Last Agent to Sell the Property

Dawn Tagliagambe

RE/MAX Beach West License #40TA0981247 Listed on: 04/17/2023

RE/MAX Beach West

Co-Listed By

Randy Scott

BERKSHIRE HATHAWAY License #30SC0610157

Last Buyer's Agent

Evelyn Benjaminy

Realty Connect USA LLC License #40BE0384500

Realty Connect USA LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,764

Year Built

  • Built in 1948

Lot Details

  • 6,960 Sq Ft Lot
  • Lot Dimensions are 60x117
  • Property Fronts a Bay or Harbor
  • North Facing Home
  • Private Entrance
  • Back Yard Fenced

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Contemporary Architecture
  • Post and Beam
  • Stucco

Interior Spaces

  • 2-Story Property
  • 2 Fireplaces
  • Entrance Foyer
  • Combination Dining and Living Room
  • Den
  • Storage
  • Dryer
  • Sauna
  • Wood Flooring
  • City Views
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Oven
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Granite Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Powder Room
  • Marble Bathroom Countertops

Outdoor Features

  • In Ground Pool
  • Docks
  • Balcony
  • Deck

Location

  • Property is near public transit

Schools

  • East Elementary School
  • Long Beach Middle School
  • Long Beach High School

Utilities

  • ENERGY STAR Qualified Air Conditioning
  • Heating System Uses Natural Gas
  • Radiant Heating System

Community Details

  • Park

Listing and Financial Details

  • Legal Lot and Block 1 / 162
  • Assessor Parcel Number 1000-59-162-00-0001-0

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,764

Year Built

Built in 1948

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Architectural Style: Contemporary
  • Property SubType: Single Family Residence
  • Levels: Two
  • Year Built: 1948
  • New Construction: No
  • Co List Office Mls Id: ONEBHHS09
  • Co List Office Phone: 516-431-0828
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Oven, Refrigerator, Wine Cooler
  • Interior Amenities: First Floor Bedroom, Den/Family Room, Eat-in Kitchen, Entrance Foyer, Granite Counters, Living Room/Dining Room Combo, Marble Bath, Master Bath, Pantry, Powder Room, Sauna, Storage, Walk-In Closet(s)
  • Living Area Units: Square Feet
  • Fireplaces: 2
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: None
  • Inclusions: Dishwasher,Dryer,Garage Door Opener,Light Fixtures,Microwave,Refrigerator,Shades/Blinds,Wine Cooler
  • Total Bedrooms: 6
  • Fireplace: Yes
  • AtticDescription: Partial
  • NumberOfKitchens: 1

Exterior Features

  • Direction Faces: North
  • Construction Materials: Post and Beam, Stucco
  • Waterfront Features: Bay/Harbor
  • Fencing: Back Yard, Fenced
  • Pool Features: In Ground
  • Pool Private: Yes
  • View: City, Open, Other
  • Exterior Features: Balcony, Private Entrance, Dock
  • Patio and Porch Features: Deck
  • View YN: Yes
  • FloodZoneReportYN: 1

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Private, Attached, 1 Car Attached, Driveway

Utilities

  • Cooling: ENERGY STAR Qualified Equipment
  • Heating: Natural Gas, Radiant
  • Security: Security System
  • Sewer: Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 6
  • SeparateHotwaterHeaterDetail: Y

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Long Beach Middle School

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: 60x117
  • Lot Size Sq Ft: 6960
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 1000-59-162-00-0001-0
  • Property Attached: No
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-04-19

Rental Info

  • Lease Considered: No
  • Available Date: 2023-08-01

Tax Info

  • Tax Annual Amount: 29764
  • Tax Block: 162
  • Tax Lot: 1
  • Tax Map Number: 1000-59-162-00-0001-0
  • IncludedInTaxes: Sewer,Trash

MLS Schools

  • Elementary School: East Elementary School,Lido Elementary School,Lindell Boulevard School,West Elementary School
  • High School: Long Beach High School
  • Middle School District: Long Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2023
Closed on
Aug 16, 2023
Sold by
Phillips Jenny
Bought by
Petrone Joseph and Kaplan Brittany
Seller's Agent
Dawn Tagliagambe
RE/MAX Beach West
Buyer's Agent
Evelyn Benjaminy
Realty Connect USA LLC
List Price
$2,699,900
Sold Price
$2,600,000
Premium/Discount to List
-$99,900
-3.7%
Views
12
Current Estimated Value
$2,509,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$90,161
Avg. Annual Appreciation
-1.46%

Purchase Details

Closed on
Aug 24, 2018
Sold by
Levine Mary Ann
Bought by
Phillips Jenny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2011
Sold by
Peltz Mark and Estate Of Jules Barnet Levine
Bought by
Peltz Mark

Purchase Details

Closed on
Jan 9, 1998
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Petrone Joseph $2,600,000 Fidelity Title Insurance Co
Petrone Joseph $2,600,000 Fidelity Title Insurance Co
Petrone Joseph $2,600,000 Fidelity Title Insurance Co
Phillips Jenny $4,462,500 None Available
Phillips Jenny $4,462,500 None Available
Phillips Jenny $4,462,500 None Available
Peltz Mark -- --
Peltz Mark -- --
Peltz Mark -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Phillips Jenny $765,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2023 08/16/23 Sold $2,600,000 -3.7% $566 / Sq Ft
04/27/2023 04/27/23 Pending -- -- --
04/17/2023 04/17/23 For Sale $2,699,900 -- $588 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,474 $1,434 $405 $1,029
2024 $2,258 $1,234 $393 $841
2023 $18,205 $1,271 $405 $866
2022 $18,205 $1,271 $405 $866
2021 $35,600 $1,218 $388 $830
2020 $26,639 $1,946 $1,241 $705
2019 $3,354 $2,424 $1,546 $878
2018 $3,117 $2,424 $0 $0
2017 $16,130 $2,424 $1,546 $878
2016 $2,992 $2,424 $1,546 $878
2015 $2,975 $2,424 $1,428 $996
2014 $2,975 $2,424 $1,428 $996
2013 $2,844 $2,424 $1,428 $996
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3471806

OneKey® MLS

APN: 1000-59-162-00-0001-0