1 Cove Neck Rd Oyster Bay, NY 11771
6
Beds
7
Baths
5,767
Sq Ft
4.2
Acres
Highlights
- Water Access
- Property Fronts a Bay or Harbor
- Wood Flooring
- Theodore Roosevelt Elementary School Rated A
- Antique Architecture
- 1-minute walk to Theodore Roosevelt Sanctuary
About This Home
As of September 2024Capturing panoramic seascapes from almost every room, this recently renovated home is sited on 4+ pastoral acres of waterfront overlooking Oyster Bay Harbor, Centre Island and Cove Neck. Known for generations as Youngs's Homestead, this shingled farmhouse dates to the earliest settlement of the area and was a long-time center of colonial life. Framed by cherry trees, a gated entry welcomes guests down the long driveway through an alle of trees. Pristine boxwoods and stone walls flank the home while lush lawns roll gently down to the waterside. The home's site at the end of Oyster Bay Cove offers wide vistas of the blue harbor that leads out to the Long Island Sound. Covered porches and an exquisite dining Pergola with a profusion of climbing hydrangeas are perfect for outdoor entertaining. A separate boat house is used for storing sailing gear and acts as a recreation space. A charming Dutch door opens to the new entry hall, walls now stylishly clad in reclaimed oak paneling, with the first view of the water at the end of the hall. The Library is warm and welcoming with a woodburning fireplace, window seat and exposed beams. Built-in bookshelves and media closet are new amenities as well as the handmade windows, made to match the original Living Room windows. At the end of the hall, a new addition, primely positioned, has an elegantly paneled Wet Bar with two refrigerators, drawers for cans, icemaker and wine fridge for ease of entertaining in the principal rooms or outdoors. The well-proportioned Living Room expands from the front of the house to the rear, with a bay window for impeccable water views. Fine woodworking, found throughout the home, is exceptional in this room with built-ins, exposed beams, new wood burning fireplace and floors of old growth European Oak. Casein milk paint creates a subtle texture on the walls. The formal Dining Room was a 1930s addition that offers an inviting room with fireplace for large or intimate gatherings. Open and airy, with wide plank floors and a china closet for storage. The Dining Room opens to the Sun Room, a delightful room for three seasons with all new windows that open to let fresh sea breezes in and ignite the senses. The thoughtful renovation has now created a Kitchen which functions perfectly for modern living with a large area for cooking and prepping featuring stainless steel appliances, 2 sinks, granite counters and an antique wood table that serves as the center island with Gaggenau gas stove. New improvements include glass front cabinetry, pantries and exposed beams. A brick fireplace and custom built hutch add to the appeal of the Breakfast Nook. The floors are engineered old growth European Oak for easy maintenance. The last wing of the home holds the Family Room with brick Fireplace, half-timbered wood beams and French doors and floor-to-ceiling windows capturing water views and opening to the deck. There is also a full Bathroom. This wing offers a back stairwell, window seat, side entrance and outfitted Laundry Room with sink and shelving. Additionally, there is a Guest Powder Room on this floor, tastefully decorated with English, hand-painted Fromental wallpaper. The Primary Suite, on the second floor is a tranquil haven with calming water views. French doors open to a balcony redone with Brazilian hardwood flooring and mahogany railings. The Primary Bath, also facing the harbor, has radiant heated marble floors, a large shower and bathtub. There are five additional Bedrooms on this level. Each is unique with charming decor. The largest Bedroom has its own balcony. Two Bedrooms have ensuite Bathrooms. At the end of the hall, is a spacious Gym with high ceilings. The Home Office with cathedral ceiling. Behind the exquisite decor, much work was done to ensure that future generations will enjoy Young's Homestead including leveling floors, new windows, new French doors and insulation. Utilities and storage are found in the lower level, including new geothermal HVAC system.
Last Agent to Sell the Property
Daniel Gale Sothebys Intl Rlty Brokerage Phone: 516-759-4800 License #10401266660 Listed on: 05/01/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $63,396
Year Built
- Built in 1880
Lot Details
- 4.2 Acre Lot
- Property Fronts a Bay or Harbor
- Private Entrance
Home Design
- Antique Architecture
- Frame Construction
Interior Spaces
- Wet Bar
- 4 Fireplaces
- New Windows
- ENERGY STAR Qualified Windows
- Insulated Windows
- Entrance Foyer
- Formal Dining Room
- Home Office
- Home Gym
- Wood Flooring
- Water Views
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Home Security System
Kitchen
- Eat-In Kitchen
- Dishwasher
Bedrooms and Bathrooms
- 6 Bedrooms
- Walk-In Closet
- Powder Room
Laundry
- Dryer
- Washer
Parking
- Private Parking
- Driveway
Outdoor Features
- Water Access
- Outbuilding
- Porch
Schools
- Theodore Roosevelt Elementary School
- Oyster Bay High Middle School
- Oyster Bay High School
Utilities
- Central Air
- Geothermal Heating and Cooling
- Heating System Uses Oil
- Cesspool
Community Details
- Park
Listing and Financial Details
- Legal Lot and Block 1249 / A
- Assessor Parcel Number 2407-26-A-00-1249-0
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2024
Closed on
Sep 11, 2024
Sold by
Giordano Sallie
Bought by
Linhares Joseph and Linhares Martha
Seller's Agent
Alexis Mcandrew
Daniel Gale Sothebys Intl Rlty
Buyer's Agent
Robert Hulse
Compass Greater NY LLC
List Price
$5,500,000
Sold Price
$5,425,000
Premium/Discount to List
-$75,000
-1.36%
Views
40
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,166
Avg. Annual Appreciation
1.36%
Purchase Details
Closed on
Dec 6, 2022
Sold by
Giordano Mark V and Giordano Sallie
Bought by
Giordano Sallie
Purchase Details
Closed on
Jan 23, 2009
Sold by
Best Eric
Bought by
Giordano Mark
Purchase Details
Closed on
Nov 17, 2008
Sold by
Best Eric and Best Valerie
Bought by
Best Eric
Purchase Details
Closed on
Apr 14, 1999
Sold by
Crane Development Corp
Bought by
Best Eric and Best Valerie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 8, 1998
Sold by
Wang Charles B and Wang Nancy
Bought by
Crane Development Corp
Purchase Details
Closed on
Jul 9, 1997
Sold by
Roosevelt Philippa B Philip Ja
Bought by
Wang Charles B and Wang Nancy
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $5,425,000 | First American Title Ins Co | |
| Bargain Sale Deed | $5,425,000 | First American Title Ins Co | |
| Quit Claim Deed | $1,324,000 | Lawyers Title Insurance Co | |
| Quit Claim Deed | $1,324,000 | Lawyers Title Insurance Co | |
| Quit Claim Deed | $1,324,000 | Lawyers Title Insurance Co | |
| Deed | $2,900,000 | -- | |
| Deed | $2,900,000 | -- | |
| Interfamily Deed Transfer | -- | First American Title Insuran | |
| Interfamily Deed Transfer | -- | First American Title Insuran | |
| Bargain Sale Deed | $1,655,000 | -- | |
| Bargain Sale Deed | $1,655,000 | -- | |
| Bargain Sale Deed | $990,000 | -- | |
| Bargain Sale Deed | $990,000 | -- | |
| Deed | $950,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $200,000 | Unknown | |
| Previous Owner | $1,000,000 | Purchase Money Mortgage | |
| Previous Owner | $1,000,000 | Stand Alone First |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/11/2024 09/11/24 | Sold | $5,425,000 | -1.4% | $941 / Sq Ft |
| 05/28/2024 05/28/24 | Pending | -- | -- | -- |
| 05/01/2024 05/01/24 | For Sale | $5,500,000 | -- | $954 / Sq Ft |
Source: OneKey® MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,390 | $3,024 | $1,199 | $1,825 |
| 2024 | $7,390 | $3,360 | $1,332 | $2,028 |
| 2023 | $47,171 | $3,600 | $1,427 | $2,173 |
| 2022 | $47,171 | $3,686 | $1,461 | $2,225 |
| 2021 | $38,977 | $3,710 | $1,742 | $1,968 |
| 2020 | $31,597 | $3,500 | $3,499 | $1 |
| 2019 | $6,888 | $3,973 | $3,738 | $235 |
| 2018 | $26,690 | $3,973 | $0 | $0 |
| 2017 | $27,651 | $4,506 | $3,520 | $986 |
| 2016 | $35,080 | $4,839 | $3,780 | $1,059 |
| 2015 | $7,565 | $5,428 | $3,562 | $1,866 |
| 2014 | $7,565 | $5,428 | $3,562 | $1,866 |
| 2013 | $7,083 | $5,420 | $3,561 | $1,859 |
Source: Public Records
Agents Affiliated with this Home
-
Alexis Mcandrew
Seller's Agent in 2024
Alexis Mcandrew
Daniel Gale Sotheby's
(516) 759-4800
2 in this area
44 Total Sales
-
Robert Hulse
Buyer's Agent in 2024
Robert Hulse
Compass Greater NY LLC
(917) 742-1373
1 in this area
17 Total Sales
Map
Source: OneKey® MLS
MLS Number: KEY3547457
APN: 2407-26-A-00-1249-0
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