NOT LISTED FOR SALE

859 Forest Ave Rye, NY 10580

Estimated Value: $7,071,297 - $7,964,000

8 Beds
10 Baths
8,800 Sq Ft
$845/Sq Ft Est. Value

Last Sold February 16, 2023

Last sale price $12,250,000 $1,392 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $51,214/month

231 Days on Market

Highlights

  • Beach Front
  • Docks
  • Greenhouse
  • Rye Middle School Rated A+
  • Water Access
  • In Ground Pool

About This Home

As of February 2023

Extraordinary waterfront estate graces nearly 3 acres with 470' of water frontage, 104' private sandy beach, pool and deep water dock in prestigious Milton Point location. Perched atop a rolling green lawn, this 8,800 sq. ft. Georgian Colonial provides 8 bedrooms, 10 bathrooms and exudes Gatsby-era elegance and grandeur throughout. This exceptional home showcases great indoor/outdoor entertaining space with French doors from all water facing main level rooms to expansive terraces; wood floors, five fireplaces and exquisite architectural details. Highlights include sophisticated formal rooms, sunroom, office, chef's kitchen and breakfast room with prep kitchen open to family room. Top two floors offer sleeping quarters with sitting room, deck in primary suite and playroom. Lower level provides recreation rooms, spa. Widow's walk showcases panoramic Long Island Sound views. This notable home was built in 1917 by Trowbridge and Livingston, architects of the St. Regis Hotel and Hayden Planetarium, served as the Embassy to Uruguay in the 1960's and housed one of the first privately owned tennis bubbles in the 70's.

Last Agent to Sell the Property

Michael McCooey

Compass Greater NY, LLC Brokerage Phone: (917) 968-9737 License #10401255696 Listed on: 05/10/2022

Compass Greater NY, LLC

Co-Listed By

Elizabeth Higgins

Compass Greater NY, LLC Brokerage Phone: (917) 968-9737 License #10401283227

Last Buyer's Agent

Michele Flood

Coldwell Banker Realty License #30FL0833740

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $131,997

Year Built

  • Built in 1917

Lot Details

  • 2.82 Acre Lot
  • Beach Front
  • Private Lot
  • Sprinkler System

Parking

  • 4 Car Attached Garage
  • Driveway

Property Views

  • Water
  • Panoramic

Home Design

  • Estate
  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 8,800 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Skylights
  • 5 Fireplaces
  • Floor-to-Ceiling Windows
  • Entrance Foyer
  • Formal Dining Room
  • Home Office
  • Play Room
  • Storage
  • Sauna
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Granite Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Double Vanity

Outdoor Features

  • In Ground Pool
  • Water Access
  • Docks
  • Balcony
  • Deck
  • Patio
  • Terrace
  • Greenhouse
  • Wrap Around Porch

Schools

  • Milton Elementary School
  • Rye Middle School
  • Rye High School

Utilities

  • Central Air
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • Park

Listing and Financial Details

  • Exclusions: See Remarks
  • Assessor Parcel Number 1400-153-015-00001-000-0002-1

Home Details

Home Type

Single Family

Est. Annual Taxes

$131,997

Year Built

Built in 1917

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Architectural Style: Colonial, Estate
  • Property SubType: Single Family Residence
  • Levels: Three Or More
  • Exclusions: See Remarks
  • Year Built: 1917
  • Attribution Contact: (917) 968-9737
  • Co List Office Mls Id: ONECOMPNY04
  • Co List Office Phone: 914-353-5570
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: First Floor Bedroom, Cathedral Ceiling(s), Children Playroom, Dressing Room, Double Vanity, Eat-in Kitchen, Floor to Ceiling Windows, Formal Dining, Entrance Foyer, Granite Counters, High Ceilings, Home Office, Original Details, Pantry, Powder Room, Sauna, Storage, Walk-In Closet(s), Wet Bar
  • Living Area Units: Square Feet
  • Fireplaces: 5
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Basement: Finished, Full
  • Inclusions: Whirlpool Tub
  • Total Bedrooms: 8
  • Fireplace: Yes
  • Living Area: 8800
  • Window Features: Oversized Windows, Skylight(s)
  • AtticDescription: Finished,Full,Walkup
  • SquareFootage: 8800.00
  • SquareFootageSource: Municipality

Exterior Features

  • Other Structures: Greenhouse
  • Construction Materials: Brick
  • Waterfront Features: Beach Front, Water Access, Waterfront
  • Pool Features: In Ground
  • Pool Private: Yes
  • View: Panoramic, Water
  • Exterior Features: Balcony, Sprinkler System, Dock
  • Patio and Porch Features: Deck, Patio, Terrace, Wrap Around
  • View YN: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4
  • Garage: Yes
  • Parking Description: Attached, 4+ Car Attached, Driveway

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 6

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Rye Middle School

Lot Info

  • Lot Size Acres: 2.82
  • Lot Size Sq Ft: 122922
  • Lot Size Units: Acres
  • Lot Features: Private
  • Parcel Number: 1400-153-015-00001-000-0002-1
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Tax Info

  • Tax Annual Amount: 131997
  • Tax Map Number: 1400-153-015-00001-000-0002-1
  • IncludedInTaxes: Sewer,Trash

MLS Schools

  • Elementary School: Milton School
  • High School: Rye High School
  • Middle School District: Rye

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2022
Closed on
Feb 16, 2023
Sold by
Osullivan Brendan and Osullivan Jane
Bought by
Old Firehouse No 4 Llc
Seller's Agent
Michael McCooey
Compass Greater NY, LLC
Buyer's Agent
Michele Flood
Coldwell Banker Realty
List Price
$14,995,000
Sold Price
$12,250,000
Premium/Discount to List
-$2,745,000
-18.31%
Views
180
Current Estimated Value
$7,437,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,812,901
Avg. Annual Appreciation
-16.01%

Purchase Details

Closed on
Dec 23, 2014
Sold by
Sullivan Jane O
Bought by
855 Forest Avenue Llc

Purchase Details

Closed on
Sep 2, 2008
Sold by
Osullivan Brendan and Osullivan Jane
Bought by
Osullivan Jane
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Old Firehouse No 4 Llc $12,250,000 Future Title
855 Forest Avenue Llc -- The Judicial Title Ins Agenc
Osullivan Jane -- First American
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2023 02/16/23 Sold $12,250,000 -12.5% $1,392 / Sq Ft
12/27/2022 12/27/22 Pending -- -- --
09/15/2022 09/15/22 Price Changed $13,995,000 -6.7% $1,590 / Sq Ft
05/10/2022 05/10/22 For Sale $14,995,000 -- $1,704 / 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
2024 $145,588 $120,120 $77,000 $43,120
2023 $136,272 $120,120 $77,000 $43,120
2022 $131,997 $120,120 $77,000 $43,120
2021 $131,605 $120,120 $77,000 $43,120
2020 $151,298 $139,800 $77,000 $62,800
2019 $61,484 $139,800 $77,000 $62,800
2018 $111,885 $139,800 $77,000 $62,800
2017 $38,380 $149,800 $77,000 $72,800
2016 $61,289 $149,800 $77,000 $72,800
2015 -- $149,800 $77,000 $72,800
2014 -- $149,800 $77,000 $72,800
2013 -- $149,800 $77,000 $72,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6183044

OneKey® MLS

APN: 1400-153-015-00001-000-0002-1