78 Bayview Avenue, ##21 and #22, Ocean Bay Park, NY, 11770 | $670,000

Welcome to the Seashore Condo Hotel, where effortless investment meets the ultimate Fire Island lifestyle. This is a rare opportunity to own two private units (recently renovated)—Unit #21 (1 Queen Bed) and Unit #22 (2 Twin Beds)—sold together in one of Fire Island’s most sought-after vacation destinations. Each unit has its own private entrance, and they can be used together or separately. Want to vacation in one while renting the other? Easy. Want to open the connecting door and treat them as a single spacious retreat? Done. The flexibility makes this the perfect setup for both personal use and income generation. Whether you’re looking for a hassle-free income property or a personal getaway, this professionally managed resort offers the best of both worlds. Located just steps from the Ocean Bay Park Ferry, white sandy beaches, and Fire Island’s beloved restaurants, this property is ideally positioned for both relaxation and entertainment. Ocean Beach, the heart of Fire Island’s nightlife and boutique shopping, is less than a mile away, while the famous Sunken Forest is just a ferry ride away. Take a quick water taxi to explore Kismet, Cherry Grove, or The Pines, and experience the vibrant Fire Island community from your own slice of paradise. With a fully managed rental program, you can generate passive income without lifting a finger. The previous owners profited $34, 525 in 2023 and $37, 088 in 2024. Fire Island’s high-demand rental market ensures this is an ideal property for investors looking to capitalize on the island’s booming vacation industry. The units come fully furnished and move-in ready, allowing you to seamlessly transition between personal use and rental income. Each unit is designed for comfort and convenience, offering a private bathroom, air conditioning, refrigerator, microwave, and smart TV. Guests enjoy top-tier amenities, including free WiFi, complimentary coffee and tea each morning, beach towels, chairs, and umbrellas, as well as outdoor hot and cold showers. The Seashore Condo Hotel also features large gas barbecues, outdoor dining areas, and expansive decks with stunning bay views, making it the perfect setting for gatherings and relaxation. This is a rare chance to own a turn-key vacation rental property in a premier Fire Island location. With limited properties available, this opportunity will not last. Whether you're looking to expand your investment portfolio or secure your own beach retreat, this property offers instant value and long-term potential.

Features

  • Heating: None
  • Cooling: Wall/Window Unit(s)
  • Rooms: 2
  • Bedrooms: 2
  • Baths: 2 full
  • Year Built: 1960
  • Common Charge: $800 Monthly
  • Approx Sq. Feet: 300
  • Est. Taxes: $0
  • Elem. School: Woodhull School
  • High School: Contact Agent
  • School District: Fire Island
  • Pets Allowed: Yes
  • Appliances: Microwave, Refrigerator
  • MLS#: 842278
  • Days on Market: 247 days
  • Website: https://www.raveis.com
    /prop/842278/78bayviewavenue_oceanbaypark_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Cachon Realty Group. LLC   Phone: 516-802-9972

William Raveis Family of Services

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
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Ryan FortierInsurance Sales Director, William Raveis Insurance

516.739.7731

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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

78 Bayview Avenue, ##21 and #22, Ocean Bay Park, NY, 11770

$670,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $536,000 $536,000 $536,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.125% 5.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.285% 6.280% 5.541%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,043 $3,257 $4,309
Total Monthly Payment $3,135 $3,349 $4,401

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.