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Preforeclosure Homes in Water Mill, NY

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Water Mill, NY Foreclosures

How much do homes sell for in Water Mill, NY?
The average home price is currently $5,873,743.
In Water Mill, NY, how many homes are available?
There are currently 10 active home listings available in Water Mill.
What’s the average rental cost in Water Mill, NY?
The average rental price in Water Mill is $4,031.
What is the most expensive home in Water Mill?
The most expensive home sold in Water Mill had a price of $131,664,440.
What is currently the cheapest priced home in Water Mill, NY?
The cheapest home for sale in Water Mill is priced at $18,950.

Living in Water Mill, NY

Water Mill, NY, is an exclusive hamlet known for its stunning coastal beauty and upscale living. With luxurious homes, gorgeous beaches, and a close-knit community, it offers a serene lifestyle for its residents. Great dining, art, and outdoor activities abound in this idyllic setting.

Current Market Conditions in Water Mill, NY

The real estate market in Water Mill remains robust, characterized by high demand and limited inventory. The appeal of luxury listings has attracted affluent buyers, leading to competitive bidding situations. Recent trends indicate a rise in property values as more individuals seek refuge from urban living, making Water Mill a sought-after destination for second homes.

As interest in vacation properties increases, the opportunity for rental income is also attractive for investors. With various properties ranging from historic homes to modern estates, the market offers diverse options for potential buyers.

Home Value Estimator For Water Mill, NY

There are currently 2,590 real estate properties in Water Mill, NY, with a median automated valuation model (AVM) price of $5,035,718.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Water Mill, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Water Mill, NY, is $5,873,743.00, with the most expensive house in Water Mill, NY, topping out at $131,664,440.00 and the cheapest home in Water Mill, NY, clocking in at $18,950.00. In other words, there’s something for every potential homebuyer or savvy investor in Water Mill, NY!

Rent Prices In Water Mill, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Water Mill, NY, is on a rollercoaster ride. The average rent price in Water Mill, NY, is $4,031.00. Indeed, when looking to rent in Water Mill, NY, you can expect to pay as little as $1,990.00 or as much as $7,020.00, with the average rent median estimated to be $3,990.00. The good news is that finding an affordable and desirable property to rent in Water Mill, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Water Mill, NY Preforeclosure Homes


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