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Gilded Age Mansions Draw Purchasers – The Hollywood Reporter

As the name would suggest, Extended Island’s Gold Coast has long been a beloved escape for New York City’s prosperous and impressive. Sands Point, 1 of the North Shore’s marquee neighborhoods, was the inspiration for the outdated-income East Egg in F. Scott Fitzgerald’s The Wonderful Gatsby, even though Kings Issue was the foundation for West Egg. And the location still has the grand aged mansions and estates to confirm it.

Prosperity together the Gold Coastline very first exploded through the Gilded Age of the early 20th century, and mansions that once belonged to outstanding households these types of as the Guggenheims and the Vanderbilts are continue to standing to this working day.

“There’s however a smattering of wonderful late 19th and early 20th century estates,” states Maggie Keats, a broker with Douglas Elliman on Extensive Island. “It’s what presents the communities texture and character. The architecture is lovely.”

Although the Gold Coast’s sprawling compounds experienced fallen out of vogue for high-finish shoppers in current decades — overshadowed by other spots like the Hamptons, Connecticut’s Litchfield County and Hudson, New York — a quantity of rich purchasers have flocked to the North Shore since the start off of the pandemic. The attraction? It offers a coveted blend of privacy, extensive acreage and a quicker commute to and from the town than other 2nd-household destinations.

“The place woke up immediately after the pandemic,” says Keats. “The Gold Coastline has so much to offer, not only simply because it has beautiful neighborhoods and extraordinary estates, but you are also completely perched: You can easily get into the town a couple times a 7 days if you will need to you can also go out to the Hamptons.”

Waterfront neighborhoods like Fantastic Neck, Port Washington and Manhasset are in specifically large demand from customers, and over-all, suburban Extensive Island (outdoors of the Hamptons) saw a 400 p.c maximize in household sales priced at or higher than $10 million in 2021, in accordance to Compass.

Keats is listing an eight-bedroom mansion on nearly 4 acres in Previous Westbury that is priced at $8 million and contains a tennis court and a 1,000-bottle-potential wine cellar. In December, entrepreneur Michael Walrath, an owner of the Surf Lodge in Montauk, stated his five-bed room 1925 Colonial home on 7 acres in Matinecock for $12 million with Lindsay Barnett of Compass. “There’s a renewed curiosity in home with privacy and country club-like facilities,” says Keats. “People want a truly complete and high-class expertise at residence with a pool, tennis court docket — I’m even looking at matters like a par-3 golfing hole with sand traps. [Buyers want] the practical experience the place it’s the greatest of a five-star vacation resort and a state club all wrapped into one particular.”

This story initial appeared in the May well 17 concern of The Hollywood Reporter journal. Simply click below to subscribe.