Prime development and investment opportunity located south of Montauk Highway in Patchogue. 466 Munsell Road features a recently approved 2-lot subdivision offering both immediate rental income and future development potential.
Lot 1 includes a 2-story, 4-bedroom, 2-full-bath home with significant recent improvements, including a brand-new septic system and waterline, new electrical service and panel, new gas boiler and hot water tank, and a second full bathroom added in the unfinished basement. The basement offers both interior and exterior access. The existing home is currently rented with a valid rental permit, producing approximately $4,000 per month in rental income.
Lot 2 is a vacant parcel with subdivision approval in place, providing the opportunity to construct a new 2-story residence. Proposed plans call for a 7-bedroom, 4-bathroom home (plans available upon request).
A rare opportunity to acquire a cash-flowing property with approved subdivision in a high-demand South Shore location.
203 days
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244
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6
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Zillow last checked:
Listing updated:
Listed by:
VYLLA Home888-575-2773,
Bryan Whalen631-317-9979
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 949385
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2
Heating
Natural Gas
Cooling
Wall/Window Unit(s)
Appliances
Included: Electric Water Heater
Features
First Floor Bedroom, Entrance Foyer, Master Downstairs, Walk Through Kitchen
Basement: Unfinished
Attic: Partially Finished
Has fireplace: Yes
Interior area
Total structure area: 2,018
Total interior livable area: 2,018 sqft
Property
Parking
Parking features: Driveway
Has uncovered spaces: Yes
Features
Levels: Two
Lot
Size: 0.99 Acres
Details
Parcel number: 0200975900300005001
Special conditions: None
Construction
Type & style
Home type: SingleFamily
Architectural style: Cape Cod
Property subtype: Single Family Residence, Residential
Materials
Cedar, Shake Siding
Condition
Year built: 1932
Utilities & green energy
Sewer: Cesspool
Water: Public
Utilities for property: Electricity Connected
Community & HOA
HOA
Has HOA: No
Location
Region: East Patchogue
Financial & listing details
Price per square foot: $471/sqft
Tax assessed value: $1,700
Annual tax amount: $7,324
Date on market: 1/22/2026
Cumulative days on market: 204 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
1/22/2026
Listed for sale
$950,000+146.8%$471/sqft
Source: OneKey® MLS as distributed by MLS GRID #949385Report a problem
4/4/2022
Sold
$385,000-1%$191/sqft
Source: OneKey® MLS as distributed by MLS GRID #L3359093Report a problem
1/5/2022
Pending sale
$389,000$193/sqft
Source: OneKey® MLS as distributed by MLS GRID #3359093Report a problem
11/11/2021
Listed for sale
$389,000$193/sqft
Source: OneKey® MLS as distributed by MLS GRID #3359093Report a problem
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.