Single-family residenceFrontage on smithtown boulevardOutstanding visibility
For the first time in more than 75 years, a legacy of land assembled over generations is being offered to the public. Beginning with the acquisition of its first parcel in 1949, what started as a single investment has evolved into a remarkable nine-parcel assemblage encompassing approximately 4.21 acres in the heart of the Ronkonkoma/Nesconset corridor. Never before offered as one acquisition, this is a once-in-a-generation opportunity to control an entire mixed-use portfolio with exceptional flexibility and long-term potential.
More than just real estate, this is the opportunity to shape the future of an entire development block.
Whether your vision is a thoughtfully planned residential community, a mixed-use redevelopment, an income-producing investment portfolio, or a phased development strategy, this offering provides a foundation that would be extraordinarily difficult to recreate in today's market.
The assemblage includes:
• Two commercially zoned parcels with prominent frontage and visibility along Smithtown Boulevard.
• A six-unit multifamily property providing immediate income while future plans are developed.
• Five contiguous residential development parcels totaling approximately 2.75 acres, offering exceptional potential for future residential expansion.
• A single-family residence that may serve as an owner-occupied home, rental property, or future redevelopment component.
What makes this offering truly exceptional is not simply the acreage—it's the opportunity. Acquiring nearly an entire development block under one ownership eliminates the time, uncertainty, and expense of assembling multiple properties from different owners. It creates a level of flexibility and control that is increasingly difficult to find in today's market.
Strategically positioned with frontage on Smithtown Boulevard and additional access from Spectacle Lake Drive and Lillian Drive, the property enjoys outstanding visibility, multiple access points, proximity to Lake Ronkonkoma, the Long Island Rail Road, shopping, dining, major transportation corridors, and regional employment centers.
Very few opportunities offer this combination of location, existing income, commercial frontage, residential development potential, and long-term flexibility within a single acquisition.
For more than seven decades, this property has been part of one family's story. Today, it is ready to become part of someone else's vision.
All information is deemed reliable but not guaranteed. Buyers are responsible for independently verifying zoning, permitted uses, development potential, approvals, utilities, lot dimensions, environmental conditions, and all other matters material to their intended use.
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Zillow last checked:
Listing updated:
Listed by:
Keller Williams Upstate NYProp607-431-2540,
Jaclyn Marra607-287-8097
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1017932
Property subtype: Single Family Residence, Residential
Attached to another structure: Yes
Materials
Vinyl Siding
Condition
Year built: 1950
Utilities & green energy
Sewer: Cesspool
Water: Well
Utilities for property: Electricity Connected
Community & HOA
HOA
Has HOA: No
Location
Region: Nesconset
Financial & listing details
Price per square foot: $4,250/sqft
Tax assessed value: $1,955
Annual tax amount: $24,252
Date on market: 6/25/2026
Cumulative days on market: 20 days
Listing agreement: Exclusive Right To Sell
Electric utility on property: Yes
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
6/25/2026
Listed for sale
$4,250,000$4,250/sqft
Source: OneKey® MLS as distributed by MLS GRID #1018235Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
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.