$7,250,000
SOLD JUN 25, 2025

38 Chestnut Hill Dr Oyster Bay, NY 11771

6 Beds
9 Baths
15,000 Sq Ft
5.12 Acres

Recently Sold

$483 Per Sq Ft

9% Below List Price

41 Days on Market

Highlights

  • Indoor Pool
  • Eat-In Gourmet Kitchen
  • Colonial Architecture
  • Locust Valley High School Rated A
  • 5.12 Acre Lot
  • Main Floor Primary Bedroom

About This Home

As of June 2025

Nestled in the cul-de-sac of Chestnut Hill Estates, one of Upper Brookville’s most sought-after developments, this 15,000 sq. ft. estate redefines luxury living on over 5 acres of impeccably manicured grounds.

A grand 30-foot marble-floored foyer with twin floating staircases makes an unforgettable first impression, highlighting masterful craftsmanship with intricate plaster moldings and marble flooring throughout.

The first floor is designed for both grand entertaining and intimate gatherings, featuring a 65-ft formal living room, formal dining room, sitting room, and family room — each with elegant marble fireplaces. The chef’s kitchen is a masterpiece with radiant heat, a Sub-Zero refrigerator and freezer, 60” Viking range, three Bosch dishwashers, and a butler’s pantry complete with a warming oven and additional dishwasher. A luxurious junior primary suite provides privacy and convenience, complemented by a full bath. Nearby, a dedicated spa area with a sauna offers the ultimate in relaxation.

The second-floor primary suite is a private sanctuary with a fireplace, 14-ft coffered ceilings, a kitchenette, office, and his-and-hers walk-in closets. Four additional en-suite bedrooms, each with walk-in closets, complete the upper level.

This estate’s 20x50 indoor/outdoor pool with a retractable roof, jacuzzi, and spa is a standout feature, seamlessly merging indoor luxury with outdoor tranquility. A media room on the main level and a state-of-the-art fitness center add to the home’s impressive amenities.

The 6,500 sq. ft. finished lower level, with marble flooring, features three guest suites and expansive gathering areas. Outside, formal gardens in the rear of the property provide a serene escape, enhancing the estate’s grandeur.

Additional highlights include an elevator servicing all three levels, a 10-car garage, and a third-floor cupola with breathtaking 360° views.

Located in one of Upper Brookville’s premier enclaves, this estate offers a rare blend of timeless elegance and cutting-edge design.

Last Agent to Sell the Property

Shawn Elliott

Nest Seekers LLC Brokerage Phone: 516-922-2878 License #10401350691 Listed on: 01/09/2025

Nest Seekers LLC

Co-Listed By

Zach Elliott

Nest Seekers LLC Brokerage Phone: 516-922-2878 License #10401215632

Last Buyer's Agent

Dee Dee Brix

Compass Greater NY LLC License #30BR0807789

Compass Greater NY LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $84,811

Year Built

  • Built in 1998

Parking

  • 10 Car Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Stucco

Interior Spaces

  • 15,000 Sq Ft Home
  • High Ceiling
  • 6 Fireplaces
  • Entrance Foyer
  • Formal Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Dryer

Kitchen

  • Eat-In Gourmet Kitchen
  • Oven
  • Range
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • Walk-In Closet

Schools

  • Contact Agent Elementary School
  • Locust Valley Middle School
  • Locust Valley High School

Utilities

  • Central Air
  • Baseboard Heating
  • Cable TV Available

Additional Features

  • Indoor Pool
  • 5.12 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 2427-24-E-00-1050-0

Home Details

Home Type

Single Family

Est. Annual Taxes

$84,811

Year Built

Built in 1998

Lot Details

0

Parking

10

Listing Details

  • Property Type: Residential
  • Architectural Style: Colonial
  • Property SubType: Single Family Residence
  • Property Condition: Updated/Remodeled
  • Year Built: 1998
  • Attribution Contact: 516-922-2878
  • Co List Office Mls Id: KEYNSST03
  • Co List Office Phone: 516-922-2878
  • Carport Y N: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Oven, Range, Refrigerator
  • Interior Amenities: First Floor Bedroom, First Floor Full Bath, Chefs Kitchen, Eat-in Kitchen, Entrance Foyer, Formal Dining, Granite Counters, High Ceilings, Primary Bathroom, Master Downstairs, Walk-In Closet(s)
  • Fireplaces: 6
  • Full Bathrooms: 6
  • Half Bathrooms: 3
  • Basement: Finished, Full
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Living Area: 15000
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Brick, Stucco
  • Pool Features: Indoor
  • Pool Private: Yes
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 10
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating: Baseboard
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle School: Locust Valley Middle School

Lot Info

  • Horses: No
  • Lot Size Acres: 5.12
  • Lot Size Sq Ft: 223027
  • Parcel Number: 2427-24-E-00-1050-0
  • Property Attached: No

Rental Info

  • Lease Considered: No

Tax Info

  • Tax Annual Amount: 84811
  • Tax Year: 2025

MLS Schools

  • Elementary School: Contact Agent
  • High School: Locust Valley High School
  • Middle School District: Locust Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2025
Closed on
Jun 24, 2025
Sold by
182 188 Columbus Ave Llc
Bought by
38 Chestnut Hill Drive Llc
Seller's Agent
Shawn Elliott
Nest Seekers LLC
Buyer's Agent
Dee Dee Brix
Compass Greater NY LLC
List Price
$7,950,000
Sold Price
$7,250,000
Premium/Discount to List
-$700,000
-8.81%
Views
88

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.89%

Purchase Details

Closed on
May 10, 2007
Sold by
U S A

Purchase Details

Closed on
Mar 27, 2007
Sold by
Pescatore Michael
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $7,250,000 Advantage Title
Deed $8,300,000 --
Deed $8,300,000 --
Deed -- --
Deed -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 Sold $7,250,000 -8.8% $483 / Sq Ft
02/19/2025 02/19/25 Pending -- -- --
01/09/2025 01/09/25 For Sale $7,950,000 -- $530 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

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 $10,226 $4,028 $1,142 $2,886
2024 $10,226 $3,800 $1,038 $2,762
2023 $64,237 $4,039 $1,103 $2,936
2022 $64,237 $4,180 $1,142 $3,038
2021 $62,170 $4,947 $1,314 $3,633
2020 $77,263 $7,420 $3,184 $4,236
2019 $77,141 $7,950 $3,208 $4,742
2018 $77,569 $8,454 $0 $0
2017 $60,851 $8,454 $2,175 $6,279
2016 $74,987 $11,272 $2,899 $8,373
2015 $18,792 $13,261 $3,411 $9,850
2014 $18,792 $13,261 $3,411 $9,850
2013 $17,630 $13,261 $3,411 $9,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: 811272

OneKey® MLS

APN: 2427-24-E-00-1050-0