A rare opportunity to create a custom waterfront retreat at 2 Gibb Lane. Set along the water with an existing bulkhead and water access ramp, this exceptional property is being offered primarily for its land value and presents an exciting opportunity to renovate, rebuild, or create something entirely new.
The existing residence has sustained significant fire damage and is not currently habitable. Ideal for an end user, builder, or investor looking to capitalize on the property’s waterfront setting and future potential.
Set in a waterfront area of Islip, the property offers convenient access to boating and water recreation, local marinas and beaches, as well as Islip’s Main Street dining and shopping, LIRR transportation, and access to Fire Island. A unique opportunity to create a waterfront home and enjoy all that Long Island’s South Shore has to offer.
Property is being sold strictly as-is. Cash or qualified renovation/rehab financing only. Buyers are responsible for conducting their own due diligence regarding renovation, rebuilding, permits, bulkhead condition, and future use.
DO NOT ENTER, WALK, OR ACCESS THE PROPERTY WITHOUT PRIOR PERMISSION
Pending
$775,000
2 Gibb Lane, Islip, NY 11751
3beds
2,127sqft
Single Family Residence, Residential
Built in 1960
0.61 Acres Lot
$-- Zestimate®
$364/sqft
$-- HOA
What's special
Waterfront settingWaterfront retreatExisting bulkheadSet along the waterWater access ramp
- 31 days
- 3,509
- 164
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Douglas Elliman Real Estate 516-307-9406,
Erin E. Fleischmann SRES 516-864-1977,
Maria M. Corigliano 516-238-0986,
Douglas Elliman Real Estate
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1048979
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Oil, Other
Cooling
- None
Appliances
- Included: None
Features
- Other
- Basement: See Remarks
- Attic: Partial
Interior area
- Total structure area: 2,760
- Total interior livable area: 2,127 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- On waterfront: Yes
- Waterfront features: Bulkhead, Canal Access, Water Access, Waterfront
Lot
- Size: 0.61 Acres
- Features: Cul-De-Sac
Details
- Parcel number: 0500422000100008000
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence, Residential
Materials
- Aluminum Siding, Brick
Condition
- Year built: 1960
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Available, Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Islip
Financial & listing details
- Price per square foot: $364/sqft
- Tax assessed value: $64,300
- Annual tax amount: $22,447
- Date on market: 9/10/2026
- Cumulative days on market: 31 days
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/5/2026 | Pending sale | $775,000$364/sqft |
Source: | ||
| 9/10/2026 | Listed for sale | $775,000$364/sqft |
Source: | ||
| 7/1/2014 | Listing removed | $3,500$2/sqft |
Source: iHOUSEWeb Solutions, Inc Report a problem | ||
| 5/11/2014 | Listed for rent | $3,500$2/sqft |
Source: iHOUSEWeb Solutions, Inc Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $64,300 |
| 2024 | -- | $64,300 |
| 2023 | -- | $64,300 |
| 2022 | -- | $64,300 |
| 2021 | -- | $64,300 |
| 2020 | -- | $64,300 |
| 2019 | -- | $64,300 |
| 2018 | -- | $64,300 |
| 2017 | $18,491 | $64,300 |
| 2016 | -- | $64,300 |
| 2015 | -- | $64,300 |
| 2014 | -- | $64,300 |
| 2013 | -- | $64,300 |
| 2012 | -- | $64,300 |
| 2011 | -- | $64,300 |
| 2007 | $14,217 +17.2% | $64,300 |
| 2005 | $12,131 +6.7% | $64,300 |
| 2004 | $11,372 +7.7% | $64,300 |
| 2003 | $10,562 +7.9% | $64,300 |
| 2002 | $9,792 | $64,300 |
| 2001 | -- | $64,300 |
| 2000 | $8,583 | $64,300 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 11751
Nearby schools
Schools provided by the listing agent
- Elementary: Wing Elementary School
- Middle: Islip Middle School
- High: Islip High School
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




