7305 Lighthouse Drive, Arverne, NY, 11692 | $1,100,000

Welcome to this exceptional two-family Admiralty model in Arverne by the Sea , one of Rockaway's most sought-after beachfront communities. Offering two distinct residences under one roof, this versatile property is ideal for multi-generational living, rental income, or owner-occupants seeking additional cash flow. The main residence features soaring ceilings, oversized windows, and an open-concept layout filled with natural light. The first floor offers a spacious living room, dining area, and open kitchen perfect for entertaining, along with a convenient half bath, ample closet space, and direct access to a private backyard. An attached one-car garage adds convenience and storage. Upstairs, you'll find three generously sized bedrooms, including a primary suite with an ensuite bath and walk-in closet, plus a full hallway bath and dedicated laundry area. The second unit is a spacious two-story walk-up with equally impressive high ceilings, oversized windows, and abundant closet space. This well-designed unit features an open kitchen, living, and dining area, washer/dryer in-unit, two bedrooms, and a full bath providing comfort, privacy, and strong rental potential. Perfectly located just moments from the beach and boardwalk, and close to shops, restaurants, cafes, local and express buses, the A train to Brooklyn and Manhattan, plus a free shuttle to the NYC Ferry, this home offers seamless access to the city while embracing the relaxed coastal lifestyle. Conveniently situated just 20 minutes from JFK International Airport, this is a rare opportunity to own in one of Queens premier oceanfront neighborhoods. Whether you're looking for a primary residence, an income-producing property, or both, this Arverne by the Sea home offers the perfect blend of space, flexibility, and location.

Features

  • Amenities: Landscaping, Maintenance Grounds
  • Bedrooms: 5
  • Baths: 4 full
  • Style: Contemporary
  • Year Built: 2003
  • Garage: 1-car
  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Acreage: 0.04
  • Est. Taxes: $8,349
  • Lot Desc: Back Yard, Front Yard, Landscaped, Sprinklers In Front
  • View: Neighborhood
  • Water Front: Yes
  • Elem. School: Ps 183 Dr Richard R Green
  • Middle School: Ps/Ms 42 R Vernam
  • High School: Channel View School For Research
  • School District: Community District 27
  • MLS#: 1012403
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/1012403/7305lighthousedrive_arverne_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 RE/MAX ELITE   Phone: 718-690-3900

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
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • 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

7305 Lighthouse Drive, Arverne, NY, 11692

$1,100,000

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 $880,000 $880,000 $880,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.000% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.086% 6.183%
Monthly Tax Payment $696 $696 $696
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $4,997 $5,276 $7,426
Total Monthly Payment $5,818 $6,097 $8,247

* 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.