Waterfront Land with Approved
For Sale
$5,495,000
31 Factory Pond Road, Locust Valley, NY 11560
Waterfront land spanning Mill Neck Creek with two separate buildable approved lots, open field, and wooded areas.
Property SizeContact for details
Lot Size18.00 Acres
Days on Market263
Property Features for 31 Factory Pond Road
General Information
Standard status
Active
Lot size
18.00 Acres
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$74,888
Listing Agency:
Daniel Gale Sothebys Intl Rlty
Listed By:
Alexis McAndrew CBR
(917) 750-8939
Source:
Bagshawre
Added: Dec 15, 2025
Changed: Sep 3
Last Checked: Sep 4 at 2:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Daniel Gale Sothebys Intl Rlty
Investment Insights
Based on property information with market context.
For sale: an approximately 18-acre waterfront property on Mill Neck Creek with more than 1,100 feet of shoreline. The site is described as the last major parcel of historic Underhill Farm and is set within the Oyster Bay National Wildlife Refuge. The property includes two separate buildable approved lots.
The landscape features a sweeping open field, a small wooded area, and mature trees that provide a natural backdrop and privacy. The parcel is located on Factory Pond Road, with access supported by a car-dependent area profile.
As presented, the property combines long waterfront reach with natural terrain and historic ties to the Underhill Farm legacy, including a noted factory connection to Revolutionary War uniform production.
The landscape features a sweeping open field, a small wooded area, and mature trees that provide a natural backdrop and privacy. The parcel is located on Factory Pond Road, with access supported by a car-dependent area profile.
As presented, the property combines long waterfront reach with natural terrain and historic ties to the Underhill Farm legacy, including a noted factory connection to Revolutionary War uniform production.
Key Highlights
- 18‑acre waterfront property on Mill Neck Creek with over 1,100 feet of pristine waterfront
- Two separate buildable approved lots on Factory Pond Road
- Land includes a sweeping open field suitable for pastoral or garden uses
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 11560, NY
6,860
Population
2,534
Households
2.7
Avg Household Size
43
Median Age
60%
College-Educated
92%
High-School Grad
7.5 sq mi
ZIP Area
915
Density / Sq Mi
$159,545
Median Household Income
$62,276
Median Earnings
$2,467
Median Rent
$937,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Waterfront Land - Waterfront land spanning Mill Neck Creek with two separate buildable approved lots, open field, and wooded areas.
Where is this waterfront land located?
The property is located at 31 Factory Pond Road Locust Valley, NY.
What is the asking price?
The asking price for this property is $5,495,000.
What are key features of this property?
This property features: 18‑acre waterfront property on Mill Neck Creek with over 1,100 feet of pristine waterfront; Two separate buildable approved lots on Factory Pond Road; Land includes a sweeping open field suitable for pastoral or garden uses
