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    Property profile & analytics

    149 Old Country Rd Remsenburg-Speonk, NY 11972

    • Land
    • 18.60 lot acres
    For Sale
    View listing
    $3,495,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 149 Old Country Rd

    Lot size
    18.60 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 18.6-acre development site presents a unique investment opportunity at the entrance to the exclusive Hamptons. Located at 149 Old Country Road, Remsenburg-Speonk, NY 11972, this property offers significant potential for various development projects. Currently zoned R-40, it allows for a "as of right" subdivision into approximately 11 one-acre lots, ideal for single-family residential development. Given its proximity to the Long Island Rail Road Speonk Train Station (a quarter-mile away), it's perfectly positioned for a Transit-Oriented Development (TOD), potentially including cluster housing, workforce housing, 55+ communities, or assisted living facilities. The property's location bordering industrially zoned land on two sides also presents the possibility of rezoning for an industrial park. Alternative uses permitted under the current zoning include agricultural purposes such as a horse farm, tree farm, or nursery/greenhouse. The seller is open to a "Subject To" sale for a viable development project, with pricing to be determined, or an "as is" sale for $3,495,000. The site boasts two access points, via Old Country Road and Jagger Path (off Montauk Highway), enhancing its accessibility and development potential. Nearby amenities include beautiful beaches on Dune Road (10 minutes away) and homes selling for over $900,000, highlighting the area's desirability. The property is conveniently located just 1.5 hours from New York City.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Remsenburg-Speonk
    County
    Suffolk
    State
    New York
    Longitude
    -72.697
    Latitude
    40.8254

    Comparable in this City

    • Value Estimation by Request
      20,000.00 Acres

      85 Phillips Ave

      Land • 20,000.00 Acres
      85 Phillips Ave, Remsenburg-Speonk, NY 11972
      View Details
    • Value Estimation by Request
      1.63 Acres

      1408 Speonk Riverhead Rd

      INDUSTRIAL (GENERAL) • 1.63 Acres
      1408 Speonk Riverhead Rd, Speonk, NY 11972
      View Details
    • Value Estimation
      $315,000
      1,296 SF

      208th Montauk Hwy

      LUMBERYARD, BUILDING MATERIALS • 1,296 SF
      208th Montauk Hwy, Speonk, NY 11972-2505
      View Details
    • Value Estimation by Request
      2.00 Acres

      211 Montauk Hwy

      LUMBERYARD, BUILDING MATERIALS • 2.00 Acres
      211 Montauk Hwy, Speonk, NY 11972-2505
      View Details
    • Value Estimation by Request
      40,190 SF

      1368 Speonk Riverhead Rd

      INDUSTRIAL (GENERAL) • 40,190 SF
      1368 Speonk Riverhead Rd, Speonk, NY 11972
      View Details
    • Value Estimation by Request
      16,250 SF

      207 Montauk Hwy

      LUMBERYARD, BUILDING MATERIALS • 16,250 SF
      207 Montauk Hwy, Speonk, NY 11972-2505
      View Details
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    149 Old Country Rd
    Remsenburg-Speonk, NY 11972
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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
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