COVID-19 cabin fever is powering a New York City exodus this summer. This real estate riptide is crashing upon the shores of New Jersey and Long Island (Hamptons included), creating a groundswell of opportunity to escape, buy and sell outside the Big Apple—a figurative bridge over troubled water.
This surge continues on August 1, when Villa Riele, a legendary Lloyd Harbor beachfront estate on Long Island’s Gold Coast hits the auction block, without reserve.
The auction will be hosted onsite, with remote bidding available as well—courtesy of Elite Auctions. At worst, it’s a summer trip to the beach. At best, the top bidder gains a historic house and vast land.
Legendary estates typically earn their reputations from a prominent owner or architect. Villa Riele’s Gold Coast pedigree offers both. The property is linked to the consumer product industrialist Colgate family.
The 33-acre property at 32 Watch Way in Huntington includes 700 feet of beach frontage and a 10,000-square-foot mid-century modern home designed by architect Edward Durell Stone, celebrated for his work on landmark buildings like Radio City Music Hall, Waldorf-Astoria, Kennedy Center, Museum of Modern Art, and the General Motors Building. Villa Riele is one of only two residential projects Stone took on.
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