Realtor: $85M Nassau County Compound Is the Week’s Most Expensive New Listing

Thursday, December 8, 2016

$85M Nassau County Compound Is the Week’s Most Expensive New Listing

realtor.com

This week’s most expensive new listing on realtor.com® hails from an unlikely locale. We’re accustomed to seeing pricey properties in New York, but the bulk of posh pads in the Empire State are in the Hamptons or New York City. Surely not Nassau County.

Until now! This $85 million compound in Kings Point is the most expensive listing in Nassau County by an overwhelming margin. The runner-up is a $30 million, 40-acre estate in Oyster Bay that’s been on the market for over a year.

The Long Island estate taking the crown this week isn’t exactly a fresh face, either. It landed on the market in September 2015 with an asking price of $100 million, but no buyer nibbled on the nine-figure price tag. Ever optimistic about high net worth individuals’ appetite for opulence, the waterfront spread was relisted this week with a $15 million price cut. It’s now “priced to sell,” according to co-listing agent Mary Stanco.

Kings Point, NY

realtor.com

For $85 million, a buyer won’t receive keys to just a single mansion. There are multiple mansions on the 8-acre property: a main house and two separate mansions serving as extravagant guest quarters. Together, they offer around 60,000 square feet of living space. Inside, amenities include pools, a bowling alley, and a casino.

Last sold in 2013 for a paltry $15.85 million, the compound has undergone extensive restorations and upgrades. Homeowner Helene Abiri told Mansion Global, “Now it has a lot of beautiful inlaid marble work throughout the entire house, but each room has its unique feature, either a bowling alley or a shooting range.” And, hey, who wouldn’t want their own bowling alley or shooting range?

Stanco says she’s marketing the property internationally and the compound is priced appropriately for the staggering amount of work that went into it. She adds that buyers have been circling the compound and the bay and city views from the property are beautiful. If it manages to sell for the asking price, Stanco says, the sale would be a record for Nassau County. For lovers of Long Island life with oodles of cash, we recommend docking your yacht on the North Shore at this classic compound.