NOT LISTED FOR SALE

Estimated Value: $928,000

15.54 Acres
$59,717 Price per Acre
676,922 Sq Ft Lot

Last Sold April 02, 2024

Last sale price $4,600,000

Current estimated payment $4,974/month

155 Days on Market

Highlights

  • Barn
  • Secluded Lot
  • Partially Wooded Lot
  • 15.54 Acre Lot

About This Lot

As of April 2024

Nestled away from the hustle and bustle, this 15.54-acre estate exudes pristine and peaceful beauty, enveloped by serene ponds and picturesque woodlands. As you make your way down the tree-lined driveway, you'll be greeted by gently rolling fields adorned with specimen trees, offering endless possibilities for equestrian and outdoor recreational activities. Formerly a part of the John Shaffer Phipps and Margarita Grace Phipps estate, now famously known as the historic Old Westbury Gardens, this property comprises five lots, with potential for future subdivision. The estate was purchased by Michael Grace Phipps, the accomplished polo player and son of John Shaffer Phipps, where it was used to quarantine and train polo ponies. The estate features a variety of charming buildings, including a four-bedroom artist's studio, a cozy country house, a spacious tin barn, three-bedroom cottages, the original ice house, laundry and horse stalls, and a four-bay garage with an expansive workshop. The property is directly adjacent to the 216-acre Old Westbury Gardens, allowing for easy access to its breathtaking scenery and renowned history. This unique and rare property awaits its next chapter, offering limitless possibilities for its new owner. Whether you choose to create your own dream estate or develop a luxurious subdivision, this property is a true gem waiting to be discovered. Don't miss this once-in-a-lifetime opportunity to own a piece of history in the heart of Long Island's coveted Gold Coast.

Last Agent to Sell the Property

Debra Russell

Daniel Gale Sothebys Intl Rlty License #40RU1125006 Listed on: 05/02/2023

Daniel Gale Sothebys Intl Rlty

Last Buyer's Agent

John Messina

Daniel Gale Sothebys Intl Rlty License #30ME1038914

Daniel Gale Sothebys Intl Rlty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $184,153

Year Built

  • Built in 1936

Lot Details

  • 15.54 Acre Lot
  • Secluded Lot
  • Cleared Lot
  • Partially Wooded Lot

Schools

  • Westbury Middle School
  • Westbury High School

Additional Features

  • Barn
  • Cesspool

Listing and Financial Details

  • Assessor Parcel Number 2231-10-C-00-1383-0

Property Details

Property Type

Land

Est. Annual Taxes

$184,153

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Land
  • Property SubType: Unimproved Land
  • Year Built: 1936
  • Current Use: Subdivision
  • CurrentPrice: 4600000.00
  • MlsMajorChangeType: Sold
  • ListPrice_By_OriginalListPrice: 1.00000
  • ListPrice_By_LotSizeAcres: 308880.3089
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Basement YN: No

Exterior Features

  • Other Structures: Barn(s), Garage(s)
  • Pool Private: No
  • Spa: No

Utilities

  • Sewer: Cesspool

Condo/Co-op/Association

  • Association: No

Schools

  • Middle School: Westbury Middle School

Lot Info

  • Lot Size Acres: 15.54
  • Lot Dimensions: 15.54
  • Lot Size Sq Ft: 676922
  • Lot Features: Cleared, Part Wooded, Secluded
  • Parcel Number: 2231-10-C-00-1383-0
  • Lots: 5
  • Additional Parcels: No
  • Zoning: Residential

Tax Info

  • Tax Annual Amount: 184153.17

MLS Schools

  • High School: Westbury High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2023
Closed on
Mar 20, 2024
Sold by
Santangelo Susan P and Cochran Susan P
Bought by
Henrichi Llc
Seller's Agent
Debra Russell
Daniel Gale Sothebys Intl Rlty
Buyer's Agent
John Messina
Daniel Gale Sothebys Intl Rlty
List Price
$4,800,000
Sold Price
$4,600,000
Premium/Discount to List
-$200,000
-4.17%
Views
278
Current Estimated Value
$928,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,672,000
Avg. Annual Appreciation
-59.94%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Buyer Sale Price Title Company
Henrichi Llc $4,600,000 Fidelity Title Insurance Co
Henrichi Llc $4,600,000 Fidelity Title Insurance Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2024 04/02/24 Sold $4,600,000 -4.2% --
10/05/2023 10/05/23 Pending -- -- --
05/02/2023 05/02/23 For Sale $4,800,000 -- --
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 $1,506 $60 $60 --
2024 $120 $60 $60 $0
2023 $1,794 $60 $60 $0
2022 $2,029 $60 $60 $0
2021 $2,301 $58 $58 $0
2020 $2,447 $145 $145 $0
2019 $2,235 $145 $145 $0
2018 $2,235 $145 $0 $0
2017 $1,992 $145 $145 $0
2016 $2,177 $145 $145 $0
2015 $184 $145 $145 $0
2014 $184 $145 $145 $0
2013 $175 $145 $145 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: L3475131

OneKey® MLS

APN: 2231-10-C-00-1382-0