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    400 Lattingtown Rd Locust Valley, NY 11560

    Sponsored
    For Sale
    $4,798,000

    Prime residential land, near beach.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 15-acre parcel in Locust Valley, NY, presents a unique development opportunity. Located at 400 Lattingtown Rd, 11560, Nassau County, this property is zoned for residential use and offers the potential for single-family home development. The land is already subdivided into three approximately 5-acre lots, simplifying the development process. Situated in close proximity to the beach, this location provides an exclusive and highly desirable setting. The asking price is $4,798,000. This represents a rare opportunity to acquire a significant land holding in a prime coastal location. The property's size and subdivision make it ideal for a variety of residential projects, catering to the high demand for luxury homes in this exclusive area. The convenient location near the beach adds significant value and appeal to potential buyers. Don't miss this chance to secure this exceptional piece of land. This is a motivated seller, and the price has recently been reduced.

    Property Features for 400 Lattingtown Rd

    General Information

    Property type
    Land
    Lot Size
    653,400 SF

    HighLights

    • 15‑acre development site in Locust Valley, NY, zoned for residential use.
    • Three 5‑acre lots, simplifying development.
    • Beachfront proximity in a highly desirable location.
    • Asking price: $4,798,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Locust Valley
    County
    Nassau
    State
    New York
    Longitude
    -73.61331698625
    Latitude
    40.891680891562

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    FAQs

    What type of property is this?
    Land - Prime residential land, near beach.
    Where is this land located?
    The property is located at 400 Lattingtown Rd Locust Valley, NY.
    What is the asking price?
    The asking price for this property is $4,798,000.
    What are key features of this property?
    This property features: 15-acre development site in Locust Valley, NY, zoned for residential use.; Three 5-acre lots, simplifying development.; Beachfront proximity in a highly desirable location.
    (646) 546-5880
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    400 Lattingtown Rd Locust Valley, NY 11560
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    Locust Valley, NY 11560
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 Lattingtown Rd Locust Valley, NY 11560
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