Winding roads canopied by trees lend curb appeal to the bucolic hamlet of Locust Valley, where a town square and community events give the community a Norman Rockwell feel, says resident Bryan McMillen of Daniel Gale Sotheby's International Realty.
Walkability as well as festivals are part of the charm, adds resident Clifford Packingham of Engel & Volkers Locust Valley. Antiques shops, boutiques, eateries and services can be found along Forest Avenue and Birch Hill Road -- the area's nexus. An outdoor farmers market on Saturday mornings at the Long Island Rail Road station -- scheduled this year from June 7 to Nov. 22 -- sells items such as fruits, vegetables and baked goods.
Locust Valley is said to be kid friendly. "There are lots of opportunities and activities to participate in," McMillen says, citing, in part, sports, ballet and "fabulous" library programs. The community is home to the Grenville Baker Boys & Girls Club, also offering programs for children and teens.
Touted for educational opportunities, Locust Valley High School made the U.S. News and World Report's best high school list, ranking 54th in the state. For those seeking private schools, Friends Academy and the Portledge School are in the hamlet.
Buyers can find Colonials, capes and a mix of ranch styles. Prices generally start in the low $400,000s and can easily head north of $3 million, agents say. Inventory for homes priced between $700,000 and just under $1 million is low, McMillen says. The market, Packingham says, is moving. "Prices are starting to come up and inventory is down."
SALES PRICES. From April 1, 2014, to April 30, 2015, there were 39 sales with a median price of $624,000, according to Multiple Listing Service of Long Island data. The low price was $240,000 and the high was $5.4 million. From 2013 to 2014, during the same time period, there were 51 sales. The median price was $550,000, with a low of a $180,000 for a Colonial in need of work and a high of $1.38 million.
ATTRACTIONS. Town beaches (Ocean and North Shore); Locust Valley Chamber of Commerce and Rotary Club events; the Bailey Arboretum in Lattingtown; nearby Planting Fields Arboretum State Historic Park in Upper Brookville
Town: Oyster Bay
Area: 1 square mile
ZIP code: 11560
Median age: 44
Median household income: $81,875
Median home value: $550,000*
LIRR time to NYC: 1 hour 6 minutes to 1 hour 13 minutes at peak
Monthly ticket: $287
School district: Locust Valley
Sources: 2010 Census; mlslI.com; LIRR;
*Based on sales in the past six months, according to MLSLI
ON MULTIPLE LISTINGS
Number of houses 29 (including Lattingtown and Matinecock)
Price range: $399,000 to $3.995 million
Tax range: $8,508 to $67,660
Cherry Street, $700,000
With a last asking price of $739,000, this eight-room Colonial, which was on the market 261 days, sold in January. Built in 2008 on a 60-by-100-foot lot, the house has oversized rooms, wood floors and three fireplaces. It has four bedrooms, three bathrooms and a half-bath. Central air-conditioning, a basement and a one-car garage are among the amenities. Taxes are $12,886.
Buckram Road, $550,000
Last month, this six-room ranch sold for $45,000 below the original asking price. It was on the market 269 days. Features include an open floor plan, wood floors and two fireplaces, as well as two bedrooms and two bathrooms. The half-acre parcel is landscaped with an in-ground pool and a patio. Amenities include central air-conditioning, in-ground sprinklers and a three-car garage. The house was built in 1923. Taxes are $13,900.
West Eighth Street, $370,000
On the market 65 days, this five-room ranch sold earlier this past month. The original asking price was $375,000. Set on a 50-by-136-foot lot, the house was built in 1954. It has three bedrooms, one bathroom, a full basement and an attic. Amenities include a detached a one-and-a-half-car garage. Taxes are $8,595.
NOW ON THE MARKET
Featuring new vinyl siding, updated windows, wood floors, a fireplace, three bedrooms and two bathrooms, this seven-room Tudor is on a 50-by-100-foot lot. Taxes are $8,508. Lori Sheehan, Douglas Elliman Real Estate, 516-759-0400.
Completely rebuilt in 2009, this renovated high-ranch with wood floors, a fireplace, high-end kitchen, four bedrooms and two bathrooms and a half-bath is on a 98-by-100-foot lot. Taxes are $11,204. Regina Rogers, Douglas Elliman Real Estate, 516-314-0953.
Set on a 0.9-acre lot with an in-ground pool, this 3,500-square-foot Colonial, with high ceilings, mahogany flooring, three fireplaces, four bedrooms and three bathrooms, was custom built in 2007. Taxes are $25,781. Clifford Packingham, Engel & Volkers Locust Valley, 516-277-2371.