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115 S Saxon Avenue
Bay Shore, NY

115 S Saxon Avenue

$2,999,900
5 bd • 4 ba • 7,000 sf

This analysis was generated by artificial intelligence on 2/11/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$2,999,900

Price/Sq.Ft

$429

Year Built

1980

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Waterfront Location: The property boasts 250 feet of bulkhead on the Great South Bay, providing direct access to the water and stunning views. This is a highly desirable feature that commands a premium. • Large Square Footage: With 7,000 square feet of living space, the home offers ample room for a large family or those who enjoy entertaining. This is significantly larger than the average home in Bay Shore. • Single-Level Living: The ranch-style design with a master suite on the main level offers convenience and accessibility, appealing to a wide range of buyers. • Desirable Amenities: The property includes a heated in-ground pool, a large two-car garage, an eat-in kitchen, a formal dining room, and essential appliances. These features enhance the property's appeal and value.

The Bad

• High Insurance Costs: The estimated annual insurance cost is $10,799.64. The extreme flood risk (9/10) and severe wind risk (8/10) will significantly increase insurance premiums, making this a costly property to insure. • Unfavorable School Ratings: While Islip High School has a rating of 9/10, Islip Middle School has a low rating of 4/10. This could be a concern for families with middle school-aged children. • Limited Information on Interior Condition: The listing describes the appearance as "Mint," but lacks detailed information about the interior's condition, potential updates, or renovations needed. A thorough inspection is essential. • High Price per Square Foot: At $428.56 per square foot, the property is priced above the average for Bay Shore, indicating a premium for the waterfront location and size.

The Ugly

• Extreme Flood Risk: The property has an extreme flood risk score of 9/10 and is located in FEMA Zone X_UNSHADED. This suggests a high likelihood of flooding and potentially devastating damage. Flood insurance will be very expensive and may not cover all potential losses. • History of Price Reductions: The property was listed multiple times between 2018 and 2019 with several price reductions, indicating difficulty in finding a buyer at the initial asking price. This could signal underlying issues or an overvaluation. • High Upfront Investment: The combination of a high listing price ($2,999,900) and potentially substantial flood insurance costs create a significant financial barrier for many buyers. Additional costs for maintaining the bulkhead, boat lift, and pool should be considered.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• High-Net-Worth Buyers Seeking Waterfront Living: The property offers direct access to the Great South Bay with a private dock and boat lift, ideal for boating enthusiasts. The heated in-ground pool and spacious layout are well-suited for entertaining. • Buyers Prioritizing Single-Level Living: The ranch-style design with a master suite on the main level provides convenience and accessibility. This is particularly attractive to buyers who prefer to avoid stairs. • Buyers Valuing Privacy and Seclusion: The property is described as secluded, offering a retreat-like atmosphere away from the busier parts of Bay Shore. • Buyers Who Appreciate Mint Condition Homes: The listing specifies that the appearance of the property is "Mint," suggesting it is well-maintained and move-in ready.

Not For

• Buyers with Budget Constraints: At a listing price of $2,999,900 and an estimated insurance cost of $10,799.64 annually, this property is positioned at the high end of the market. High property taxes common in Long Island will also add substantially to the monthly expenses. • Risk-Averse Buyers: The property's extreme flood risk (9/10) and severe wind risk (8/10) may deter buyers who prefer lower-risk properties or those seeking to minimize insurance costs. • Buyers Needing Top-Rated Schools: While Islip High School has a strong rating (9/10), the middle school's rating is relatively low (4/10). Buyers prioritizing consistently high-rated schools at all levels may look elsewhere. • Buyers Seeking Modern Architectural Styles: Built in 1980, the ranch-style home may not appeal to buyers who prefer contemporary or modern designs. Renovations might be necessary to update the property to current trends.
Demographics
Area Median Income

$102,380

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Risk Assessment

Climate Risks

floodEXTREME

FEMA Zone: X_UNSHADED

Insurance: Required

windSEVERE

Insurance: Required

airMODERATE

3 bad air quality days per year

heatMODERATE

7 extreme heat days per year

98th percentile: 93°F

fireMINIMAL

Insurance: Optional

Risk Analysis

• High Flood Risk: With a flood risk score of 9/10 and located in FEMA Zone X_UNSHADED, flood insurance costs will be substantial and mandatory. Future flood map changes could further increase premiums. • Wind Damage: A severe wind risk score of 8/10 suggests vulnerability to strong winds, potentially leading to property damage and higher insurance costs. • Aging Infrastructure: Built in 1980, some of the home's systems (plumbing, electrical, HVAC) may be nearing the end of their lifespan and could require costly repairs or replacement. • Price Trend Concerns: The property's history shows multiple price reductions between 2018 and 2019, followed by a significant price increase in 2024. This could indicate an overvaluation relative to the market.
Insurance
Annual Cost

$10,800

$900 per month

Financials

Monthly Costs

Price History

Property Taxes

$0
2023 Tax Assessment
NaN%from previous year
Assessed Value$220,000
Tax Rate0.00%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,168,883

-61.0% below list price

Median Price

$1,100,000

Based on 6 recent sales

Price per Sq.Ft

$262

Comparable Properties

153 Awixa Avenue, Bay Shore, NY 11706
Price: $1,700,000
Sq.Ft: 6,500
Beds/Baths: 6/5
$/Sq.Ft:
$26239.0%
Sale Date: 12/5/2024
59 W Bayberry Road, Islip, NY 11751
Price: $1,599,900
Sq.Ft:
Beds/Baths: 5/4
$/Sq.Ft: N/A
Sale Date: 12/5/2024
101 S Penataquit Avenue, Bay Shore, NY 11706
Price: $1,100,000
Sq.Ft:
Beds/Baths: 4/3
$/Sq.Ft: N/A
Sale Date: 12/5/2024
85 S Montgomery Avenue, Bay Shore, NY 11706
Price: $875,000
Sq.Ft:
Beds/Baths: 4/3
$/Sq.Ft: N/A
Sale Date: 12/5/2024
Price: $998,400
Sq.Ft:
Beds/Baths: 5/3
$/Sq.Ft: N/A
Sale Date: 12/5/2024
6 Bay 2nd Street, Islip, NY 11751
Price: $740,000
Sq.Ft:
Beds/Baths: 5/3
$/Sq.Ft: N/A
Sale Date: 12/5/2024

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