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3 Acre Waterfront Estate
Divorce Settlement Auction

waterfront estate up for sale at maltz auctions in new york
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September 28, 2016 at 11:00 am

2016-09-28 11:00AM

Property Location

98 Old Field Road
Old Field, NY 11733

Auction Location

39 Windsor Place
Central Islip, NY 11722

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2.78 Acre Waterview Estate & .70 Acre Waterfront Vacant Lot

Estate & Lot Available in Bulk or Individually


  • #1) 2.78 Acre Gated Waterview Estate
  • 98 Old Field Road, Old Field, NY 11733
  • 5,700 Sq Ft Home
  • 6 Bedrooms & 5 Baths
  • Private & Elevated Property Overlooking Conscience Bay (Winter Water Views)
  • Guest Cottage
  • Detached 3-Car Garage
  • Watch Tower (Built in 1800’s by Captain Benjamin S. Mills)
  • Large In-Ground Heated Swimming Pool (25′ x 60′)
  • Original Wood Floors
  • 4 Wood Burning Fireplaces
  • First Floor:
  •    Grand Parlor
  •    Living Room
  •    Formal Dining Room
  •    Eat-In-Kitchen
  •    Breakfast Room
  •    Grand-Sized Family Room
  •    1 Bath
  •    3 Wood Burning Fireplaces
  • Second Floor:
  •    Master Bedroom w/ Ensuite Bath
  •    5 Additional Bedrooms
  •    3 Additional Baths
  • Basement:
  •    Partially Finished
  •    Multiple Storage Rooms
  • Additional Information:
  • Original Summer Home of Ward Melville’s Family
  • District: 0203   Section: 015.00   Block: 2.00   Lot: 011.001
  • Lot Size: 121,096 Sq Ft (2.78 Acres)
  • Year Built: 1861
  • Fuel: Gas
  • Heat: Hot Air – 6 Zones
  • Central Air Conditioning: 4 Zones
  • 50 KW Generator – Runs Entire Estate
  • Sprinkler System
  • Annual County/Town/School Real Estate Taxes: $41,682.62
  • Annual Village Real Estate Taxes: $3,443.99
  • Total Combined Annual Real Estate Taxes: $45,126.61 (TAXES MUST BE GRIEVED)
  • Market Value as Assessed: $1,378,947
  • $425,000 Opening Bid
  • #2) 30,000+ Sq Ft Waterfront Lot
  • No # Old Field Road, Old Field NY 11733
  • Improved with Cabana & Fixed Dock (Needs Rehab)
  • 280′ of Water Frontage
  • Nautical Access to Port Jeff Harbor and Long Island Sound
  • Lot Size: 30,492 Sq Ft (.70 Acres)
  • District: 0203   Section: 015.00   Block: 3.00   Lot: 001.00
  • Annual County/Town/School Real Estate Taxes: $2,227.22
  • Annual Village Real Estate Taxes: $184.03
  • Total Combined Annual Real Estate Taxes: $2,411.25
  • Market Value as Assessed: $73,684
  • $125,000 Opening Bid
  • #3) 3.48 Acres in Bulk:
  • Market Value as Assessed: $1,452,631
  • Previously Listed for $2,600,000
  • $550,000 Opening Bid

Viewings:  Sunday, September 18th & Saturday, September 24th from 1:00 pm – 3:00 pm.

Auction Date & Time:  Wednesday, September 28th at 11:00 am.  Registration begins at 10:00 am.

Auction Location:  Auctioneer’s Gallery, 39 Windsor Place, Central Islip, NY 11722. Online & absentee bidding available with registration at least 5 business days prior to auction, please call for details.

Terms & Conditions of Sale: Property will be sold free & clear of all monetary liens.  In order to register to bid, all prospective bidders must present a cashier’s check in an amount of $42,500 to bid on the House, $12,500 to exclusively bid on the Lot and/or $55,000 to bid on the House and Lot in bulk.  All funds must be made payable to “Maltz Auctions, Inc.“.  Subject to sale prior to auction as pre-auction offers are encouraged and will be considered.  Please download the complete “Terms and Conditions of Sale”.

Buyer’s Premium: An eight (8%) percent Buyer’s Premium will be added to the Successful Bidder’s high bid to determine the contract price to be paid by the Successful Bidder.

Buyer Broker Participation: A two (2%) percent commission will be paid to any properly licensed Buyer Broker who registers a successful buyer in accordance with the Buyer Broker guidelines.  Please download the Broker Participation form for details.

Financing: Maltz Auctions is pleased to announce a strategic alliance with Continental Home Loans Inc.  This will allow you to be pre-approved at no cost or obligation.  Continental Home Loans Inc. offers various loans products with competitive financing to fit all buyers. Contact Brett Van Nostrand at (800) 540-8838.

Have Questions? Get In Touch

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Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022 Fax (516) 349-0105

The Real Property is being sold “AS IS” “WHERE IS”“WITH ALL FAULTS”, without any representations, covenants, guarantees or warranties of any kind or nature, and free and clear of any liens, claims, or encumbrances of whatever kind or nature, with such liens, if any, to attach to the proceeds of sale in such order and priority as they existed immediately prior to the Closing, and the sale of the Real Property is subject to, among other things (a) any state of facts that an accurate survey may show; (b) any covenants, restrictions and easements of record; (c) any state of facts a physical inspection may show; (d) any building or zoning ordinances or other applicable municipal regulations and violations thereof; and (e) environmental conditions. By delivering their respective Deposits, all Bidders acknowledge that they have had the opportunity to review and inspect the Real Property, the state of title thereof and laws, rules and regulations applicable thereto, and will rely solely thereon and on their own independent investigations and inspections of the Real Property in making their bids. Neither Maltz, the Seller nor any of their collective representatives makes any representations or warrantees with respect to the permissible uses of the Real Property including, but not limited to, the zoning of the Real Property.  All Bidders acknowledge that they have conducted their own due diligence in connection with the Real Property and are not relying on any information provided by Maltz, the Seller, or their professionals.  The Real Property will be sold subject to any and all violations or conditions requiring corrective action.  The information contained herein was derived from sources deemed reliable, but is not guaranteed.  Most of the information provided has been obtained from third-party sources and has not been independently verified.  It is the responsibility of the Buyer to determine the accuracy of all components of the sale and Property.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Property, including without limitation, environmental and physical condition of the Property.  All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction.  Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.