40 Piping Rock Road, Oyster Bay (Locust Valley), NY, 11560 | $8,995,000

Experience the pinnacle of opulence with this extraordinary 1925 Colonial estate nestled within the esteemed Village of Matinecock. Encompassing an impressive 7. 23 acres of meticulously landscaped grounds, this gated sanctuary seamlessly combines timeless grace with contemporary sophistication. Recently revitalized to epitomize modern allure while honoring the essence of New England Architecture, this majestic residence stands as a beacon of discerning taste and masterful craftsmanship. Step into a world of refined elegance as you explore the impeccably designed interior, where every element has been thoughtfully curated to evoke a sense of unparalleled grandeur. The formal living room, adorned with chic accents, basks in natural light pouring through expansive windows, effortlessly flowing into a heated and cooled outdoor sunroom that offers breathtaking vistas of the expansive estate and the adjacent outdoor pool nestled amidst lush gardens. Entertain in style within the formal dining room, graced with rich finishes and a stunning marble mantle fireplace, while the expansive eat-in kitchen and butler's pantry, featuring lavish marble countertops, invite culinary enthusiasts to indulge in epicurean delights. Upstairs, the master suite serves as a private sanctuary, boasting chevron wood floors and soft pink wallpaper to create a serene ambiance. A generously sized walk-in closet and opulent master bathroom provide a luxurious retreat, complemented by an oversized balcony offering panoramic views of the verdant estate and gardens. Additionally, four bedrooms with en suite bathrooms and a bonus media room await on the second level. Further enhancing this estate's allure are separate cottages, each exuding its own distinctive charm and functionality. A one-bedroom cottage above a 3-car garage, complete with a kitchen and bathroom, alongside a two-bedroom cottage above a 2-car garage, also featuring kitchen facilities and bathrooms, offer unparalleled comfort and privacy. The second cottage even houses a fully equipped gym for added indulgence. Entertainment options abound within the finished basement of the main house, where a media room, wine cellar, and billiards or playroom ensure endless hours of leisure. Step into the newly constructed Green House to cultivate your green thumb amidst a haven of botanical beauty. Outside, revel in resort-style amenities including a tennis court, lush gardens, and a heated saltwater gunite pool seamlessly integrated into the picturesque landscape. Ideally situated within walking distance to upscale boutiques, gourmet restaurants, and the train station, and in close proximity to esteemed schools, yacht clubs, and country clubs, this exceptional property offers a lifestyle of unparalleled luxury and convenience. Embark on a journey of refined living in Matinecock - schedule your exclusive tour today and prepare to be enchanted by the timeless splendor of this unparalleled estate.

Features

  • Town: Oyster Bay
  • Rooms: 18
  • Bedrooms: 8
  • Baths: 8 full / 3 half
  • Style: Estate
  • Year Built: 1925
  • Garage: 2-car Detached
  • Heating: Natural Gas, Oil, Forced Air, Radiant, Hot Water
  • Cooling: Central Air
  • Basement: Finished, Full
  • Approx Sq. Feet: 19,903
  • Acreage: 7.23
  • Est. Taxes: $135,438
  • Lot Desc: Level, Near Public Transit, Private
  • View: Panoramic
  • Middle School: Locust Valley Middle School
  • High School: Locust Valley High School
  • School District: Locust Valley
  • Pool: In Ground
  • MLS#: 3544832
  • Days on Market: 221 days
  • Website: https://www.raveis.com
    /eprop/3544832/40pipingrockroad_oysterbay_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of BERKSHIRE HATHAWAY   Phone: 516-224-4600

William Raveis Family of Services

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

40 Piping Rock Road, Oyster Bay (Locust Valley), NY, 11560

$8,995,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $7,196,000 $7,196,000 $7,196,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.769% 6.270% 5.864%
Monthly Tax Payment $11,287 $11,287 $11,287
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $40,296 $43,724 $59,276
Total Monthly Payment $51,707 $55,135 $70,687

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.