There’s a lot of information to take in when it comes to purchasing your beach home. We’ve rounded up the questions that buyers ask the most when they are buying their dream Fire Island beach house!
Closing costs include the following:
In general, taxes on the island are extremely reasonable. For most properties, the general range of annual taxes run between $2,000 and $15,000.
Yes. While the vast majority of homeowners are summer residents only, there is a growing year round community on Fire Island.
Yes. Mortgage financing is readily available on Fire Island. Not all banks will lend on the island but most will.
Yes. All homes on Fire Island are eligible for flood insurance coverage. In fact, because Fire Island is located in a federal flood zone, homes on Fire Island qualify for low cost flood insurance rates through the National Flood Insurance Program. Additional coverage is also available through private insurers. Key factors in determining the cost of flood insurance are the amount of coverage desired, the elevation of the property you purchase, and the flood zone in which it is located.
Yes. The Fire Island School District offers pre-kindergarten through grade 6 classes at the Woodhull school, located in Corneille Estates. After grade 6, parents have the choice of sending their children to either the Islip Union Free School District or the Bay Shore Union Free School District.
The Fire Island Ferry Company operates special ferries designated for freight. Once items arrive on Fire Island, you can hire a contractor or carting service to move them to your home. For details on the Fire Island Ferries freight service and policies, please visit: http://www.fireislandferries.com/info/freight-info/
No. Fire Island is a car-free community. Vehicle access to Fire Island is regulated by the Fire Island National Seashore.
(https://www.nps.gov/fiis/index.htm) Driving beyond Field 5 is prohibited during the Summer season. During the off-season, a limited number of federal permit holders are allowed to drive onto the island. Driving permits are available only to year round residents or to contractors. The waiting list to obtain a new driving permit is typically over a year or more.
If you have any further questions please feel free to reach out! Contact us today for any additional information you’re interested in when it comes to shopping for a Fire Island beach house! We’d love to be of service to you.
Cover photo shot by Josh Goetz Photography.