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    31 Factory Pond Rd Locust Valley, NY 11560

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    For Sale
    $5,995,000

    18-acre estate with waterfront and historical significance in Lattingtown.

    Lot size:
    18.11 Acres

    Property Features for 31 Factory Pond Rd

    General Information

    Lot size
    18.11 Acres

    Source: Sotheby's - Daniel Gale | Locust Valley Agent Alexis McAndrew

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Waterfront Estate in Lattingtown

    This 18-acre estate represents a unique opportunity to own a significant parcel of the historic Underhill Farm, situated within the Oyster Bay National Wildlife Refuge. The property, located on Factory Pond Road, comprises two separate buildable, approved lots and features over 1,100 feet of waterfront along Mill Neck Creek. The landscape includes a sweeping open field suitable for various uses, a small wooded area, and mature trees that enhance privacy. Historically, the land was the site of a factory known for producing Revolutionary War uniforms. This property combines the appeal of a wildlife refuge with historical heritage, set against the backdrop of Mill Neck Creek. The location offers potential for a private estate, a conservation project, or a legacy property.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Locust Valley
    County
    Nassau
    State
    New York
    Longitude
    -73.575718
    Latitude
    40.896066

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    FAQs

    What type of property is this?
    Land - 18-acre estate with waterfront and historical significance in Lattingtown.
    Where is this land located?
    The property is located at 31 Factory Pond Rd Locust Valley, NY.
    What is the asking price?
    The asking price for this property is $5,995,000.
    What are key features of this property?
    This property features: - 18-acre estate on two buildable, approved lots in Lattingtown.; - Enjoy over 1,100 feet of waterfront on Mill Neck Creek.; - Located within the Oyster Bay National Wildlife Refuge.
    (917) 750-8939
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    31 Factory Pond Rd Locust Valley, NY 11560
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