516 Asharoken Avenue, Out Of Area Town, NY, 11768 | $3,125,000

An extraordinary opportunity to own one of Asharoken’s most iconic waterfront estates. Spanning over 4, 000 square feet, this custom contemporary commands approximately 220 feet of pristine, private sandy beachfront along the Long Island Sound—second only to the legendary Morgan Estate—delivering breathtaking, unobstructed 180-degree water views from nearly every room. Designed for elevated coastal living, the home showcases a sun-filled open-concept layout, anchored by a striking chef’s kitchen with custom finishes, expansive entertaining spaces, and refined architectural details throughout. The primary suite is a true retreat, featuring dual private decks, custom closets, and a spa-inspired ensuite bath that rivals a luxury resort. Soaring ceilings, Pella windows, multiple Trex decks, and premium materials enhance the seamless indoor-outdoor lifestyle. Beyond its dramatic beauty, this estate offers rare peace of mind and modern convenience—including separate guest quarters, two gas fireplaces, a walk-out lower level to the garage, a brand-new septic system, new driveway, privacy gate, and professionally enhanced landscaping. Even more exceptional: no flood insurance required and a full-house generator—true rarities for waterfront living. Rated Diamond+++, this is more than a home—it’s a private coastal sanctuary where every day feels like a vacation, set within one of Long Island’s most exclusive and sought-after enclaves.

Features

  • Rooms: 11
  • Bedrooms: 6
  • Baths: 4 full / 1 half
  • Laundry: Multiple Locations
  • Style: Contemporary
  • Year Built: 1970
  • Garage: 2-car
  • Heating: Natural Gas, Oil
  • Cooling: Central Air
  • Basement: Finished, Full, Walk-Out Access
  • Approx Sq. Feet: 4,000
  • Acreage: 1.01
  • Est. Taxes: $30,874
  • Water Front: Yes
  • Elem. School: Norwood Avenue School
  • Middle School: Northport Middle School
  • High School: Northport Senior High School
  • School District: Northport-East Northport
  • Appliances: Cooktop, Dishwasher, Dryer, Electric Water Heater, Oven, Refrigerator, Washer
  • MLS#: 945919
  • Days on Market: 122 days
  • Website: https://www.raveis.com
    /eprop/945919/516asharokenavenue_outofareatown_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 Howard Hanna Coach   Phone: 631-757-4000

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
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  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

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!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

516 Asharoken Avenue, Out Of Area Town, NY, 11768

$3,125,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,500,000 $2,500,000 $2,500,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.361% 6.183%
Monthly Tax Payment $2,573 $2,573 $2,573
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $14,195 $15,393 $21,096
Total Monthly Payment $16,893 $18,091 $23,794

* 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.