Home News Gilded Age Mansions Draw Buyers – The Hollywood Reporter

Gilded Age Mansions Draw Buyers – The Hollywood Reporter

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As the name implies, the Gold Coast of Long Island has long been a favorite escape for the rich and powerful people of New York City. Sands Point, one of the marquee districts on the North Shore, is F. It was the inspiration for Scott Fitzgerald’s old money East Egg. Great Gatsby, Kings Point was the basis of West Egg. And there are still magnificent old mansions and mansions in the area to prove it.

Wealth along the Gold Coast first exploded during the Guildid Age in the early 20th century, and mansions once owned by prominent families such as the Guggenheim and Vanderbilt families still remain.

“Beautiful real estate is still scattered from the late 19th century to the early 20th century,” says Douglas Elliman’s broker Maggie Keets on Long Island. “It gives the community texture and personality. The architecture is beautiful.”

The vast Gold Coast compounds have fallen out of fashion for high-end clients in recent decades, hiding in the shadows of other spots such as the Hamptons in Litchfield County, Connecticut and Hudson, NY, but the beginning of a pandemic. Attraction? It offers a coveted combination of privacy, vast area, and faster commuting to and from the city than other second home destinations.

“This area awoke after a pandemic,” says Keets. “The Gold Coast has a lot to offer, not only because it has beautiful districts and great real estate, but also because it’s perfectly seated. If needed, a few days a week, it’s easy to get to the city. You can enter, and you can also go to the Hamptons. “

Waterfront areas such as the Great Neck, Port Washington, and Manhasset are particularly in demand, according to the Compass, with home sales of more than $ 10 million increasing by 400% in 2021 in the suburbs of Long Island (other than the Hamptons).

Keets lists eight-bedroom mansions on approximately four acres in Old Westbury, priced at $ 8 million, and has a tennis court and 1,000 wine cellars. In December, entrepreneur Michael Wolrat, owner of Montauk’s Surf Lodge, joined Lindsey Burnett of Compass for $ 12 million in a 1925 colonial five-bedroom home on seven acres of Matinekock. Listed. “There is a new interest in real estate with privacy and facilities like a country club,” says Keets. “People want a truly fulfilling and luxurious experience at home, with a pool and tennis courts. They also see things like par 3 golf holes with sand traps. [Buyers want] An experience where the best of 5 star resorts and country clubs are all in one. “

This story first appeared in the May 17th issue of The Hollywood Reporter. Click here to subscribe.

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