Recent property records for Suffolk County reveal a dynamic real estate market, with several high-value transactions closing in early October. A residential property in Greenport sold for $1.85 million, leading a series of multi-million dollar sales across the North Fork. The data, compiled on August 8, 2025, also shows significant activity in vacant land and commercial properties, indicating diverse investment across the region.
Key Takeaways
- A Greenport home at 510 Gull Pond Lane was the highest-priced residential sale at $1.85 million.
- A large parcel of vacant land in Cutchogue sold for over $1.44 million to a farming corporation.
- Transactions spanned multiple property types, including residential, commercial, and vacant land, across nine different towns.
- Riverhead and Calverton showed notable commercial and residential development activity.
Luxury Residential Properties Drive Market Value
The upper end of the residential market demonstrated considerable strength, with several properties trading for more than one million dollars. These sales highlight continued demand for luxury homes in desirable coastal and semi-rural communities across the North Fork.
Greenport and Shelter Island Heights Lead Sales
The most expensive residential transaction recorded was in Greenport, where a home at 510 Gull Pond Lane was sold by Southampton Building Company Corp to Ronald and Claire LoRusso for $1,850,000. This sale underscores the premium placed on properties in this waterfront village.
Not far behind, a property on Shelter Island Heights at 1 White Birch Place sold for $1,660,000. The sellers, Ana and Damon Gambuto, transferred the property to Donato Mastropietro and Karen Pandiani. Shelter Island continues to be a magnet for high-net-worth buyers seeking privacy and exclusivity.
Top 5 Residential Sales
- Greenport: $1,850,000 (510 Gull Pond Lane)
- Shelter Island Heights: $1,660,000 (1 White Birch Place)
- Greenport: $1,320,000 (123 Sterling Avenue Unit F)
- East Marion: $1,300,000 (1155 Aquaview Avenue)
- Southold: $1,035,000 (55 Cedar Point Drive West)
Other notable seven-figure sales included a condominium unit in Greenport at 123 Sterling Avenue, which sold for $1,320,000, and a home in East Marion at 1155 Aquaview Avenue that traded for $1,300,000. In Southold, a property at 55 Cedar Point Drive West was acquired for $1,035,000.
Significant Land and Commercial Transactions
Beyond the high-end residential market, recent records show substantial investment in land and commercial real estate. These transactions often serve as indicators of future development and economic activity in the region.
Understanding Property Codes
In Suffolk County property records, each transaction is marked with a letter to denote its type. (R) stands for residential, (C) for commercial, and (V) for vacant land. These classifications help in analyzing market trends and development patterns.
Cutchogue Farmland and Greenport Vacant Lot
The largest transaction by value was a vacant land sale in Cutchogue. A property on Oregon Road was sold by David and Steven Zuhoski to Zuhoski Farms Inc. for $1,445,000. This transfer suggests a strategic move to consolidate agricultural holdings, preserving the area's farming heritage.
In Greenport, a vacant lot at 510 Gull Pond Lane was sold by Speonk Land Development LLC to Southampton Building Company Corp for $500,000. This same address was also the site of the top residential sale, indicating a land acquisition followed by the sale of a newly constructed home, a common practice for developers.
Commercial Activity in Riverhead and Calverton
Riverhead saw multiple commercial and development-related transactions. A property at 505 Lincoln Street, part of an Opportunity Zone Fund, was involved in an internal transfer valued at $800,000. Additionally, Hampton Flips NY LLC sold a property at 313 Osborn Avenue to Albanese Developers LLC for $651,000, pointing to ongoing redevelopment efforts in the town.
In Calverton, two identical transactions were recorded for a commercial property at 4371 Middle Country Road. Eastern Property Management Inc. sold the property to Peconic Realty Partners LLC for $300,000, who then sold it to MCRC Properties LLC for the same price. This could represent a rapid pass-through deal or a multi-step corporate transfer.
Market Activity Across Suffolk County Towns
The latest real estate data provides a snapshot of market conditions across various North Fork communities. Each town displayed unique patterns, from mid-range residential sales to strategic commercial investments.
Riverhead's Diverse Market
Riverhead featured a broad spectrum of sales. In addition to the commercial deals, residential properties saw significant movement. A home at 31 Foxglove Row sold for $885,650, while another at 74 Sunrise Avenue went for $745,000. The town also saw sales at lower price points, including a home at 766 Gregory Place for $625,000 and another at 55 Goose Neck Lane for $575,000, reflecting a diverse housing stock.
According to the public records, Riverhead's market included six significant transactions, ranging from a $575,000 residential home to an $885,650 property, showcasing its role as a hub of activity.
Southold and Cutchogue Transactions
Southold's market was active, with four notable residential sales. Besides the million-dollar sale on Cedar Point Drive, properties at 605 Cedar Drive ($950,000), 345 Private 21 Road ($850,000), and 805 Oak Avenue ($760,000) also changed hands. These prices suggest a strong and stable market for single-family homes in the area.
In Cutchogue, alongside the major farmland sale, a residential property at 6980 Skunk Lane was sold by the Lilicata Family Trust for $887,500, further cementing the town's status as a high-value area.
Wading River and Calverton Sales
Wading River recorded three residential sales at more accessible price points compared to other North Fork towns. A home at 13 Eighteenth Street sold for $500,000, one at 361 Sound Road sold for $375,000, and a property at 2 Third Street was transferred for $300,000. This indicates a market segment catering to first-time buyers or those seeking more affordable options in Suffolk County.
Calverton's residential market included two key sales: one at 8 Black Pine Street for $760,000 and another at 100 Alfred Avenue for $700,000. These transactions, combined with the commercial activity, position Calverton as an area with steady growth.
