Buying in Oakdale
Related mediaPhotos: Peek into dozens of LI's rich cribs Most expensive homes for sale on Long Island LI mansions for the car, horse and boat lover Great Gatsby homes on LI Must-have features for your dream LI home
THE SCOOP There's a reason the rich and famous gravitated to Oakdale in the early 1900s. "It's a beautiful town surrounded on three sides by water," says resident Mary Ann DeBlasi of Realty Connect USA, Team Bruno, noting that the community weathered Sandy pretty well. "There was some destruction, but not as bad as other areas. People are getting back on their feet and homes are selling again," DeBlasi adds.
In its Gatsbyesque history, Oakdale attracted William K. Vanderbilt, whose mansion, Idle Hour, rested on 900 acres on the Connetquot River. Idle Hour today is home to Dowling College. Over time, the Vanderbilt farm houses were converted into residences for artists, says Tracy Boucher of Coach Realtors. This area, known as Artist Colony, is scenic with creeks, interconnecting canals and bridges. The area continues to appeal to creative types, Boucher notes.
Another mansion that originally belonged to Frederick Bourne, a president of Singer Sewing Machine Co., later became the La Salle Military Academy. Today, it's home to the Oakdale campus of St. John's University.
Buyers can find a mix of architectural styles, as well as condos and townhouses, including 55-and-older communities.
Residents have access to one-stop shopping on Montauk Highway, which houses, in part, a Best Yet market, restaurants, Wendy's, Dollar Store and the post office. Also here is Creative Ministries Performing Arts Center, where shows are staged year-round.
CONDOS AND TOWNHOUSES (includes adult communities) 11 listings between $249,000 and $625,000
CO-OPS 24 listings, $82,000 to $224,000
SALES PRICE From April 1, 2012, to May 20, 2013, there were 55 sales, with a median price of $343,500, according to Multiple Listing Service of Long Island data. The low price was $182,000, and the high was $1,275,000. From April 1, 2011, to May 20, 2012, there were 52 sales. The median price was $386,000, with a low of $181,200 and a high of $932,000.
ATTRACTIONS There's boating at the Vanderbilt Wharf Marina as well as Oakdale Yacht Services and Nicolls Point Marina. Town-operated Byron Lake Park has a pool that is scheduled to open June 29.
Area 3.3 square miles
ZIP CODE 11769
Median age 43.7
Median household income $91,667
Median home value $351,000
LIRR time to NYC 1 hour and 12 minutes to 1hour and 34 minutes at peak
Monthly ticket $363
School district Connetquot
*Based on sales in the past six months, according to MLSLI