Real LI

Buying and selling real estate in the communities of Long Island

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Baiting Hollow lot on market for $32M

A Baiting Hollow property for sale is believed

A Baiting Hollow property for sale is believed to be the largest and most expensive lot currently on the market on Long Island. The asking price for the 187.5-acre plot is $32 million. (Credit: The Corcoran Group)

A 187.5 acre Baiting Hollow property, believed to be the largest and most expensive lot currently on the Long Island market, is  for sale for $32 million.

Four brothers β€” Harold, Cyril, Ambrose and George Wulforst β€” bought the land in 1951 and focused on farming potatoes. Eventually, they handed the property down to their children. After more than 50 years of family farming, the 14 heirs of the Wulforst brothers are selling.

Rob Church, who is married to heir Kathy Wulforst, says the special thing about the land is that it is cleared, drained, leveled and graded already so it can be developed easily. The farm also holds four fully functional barns. There are two working wells and two places to access water and electricity.

The property falls within an Agricultural Protection Zone. This means 70 percent of the land, or about 130 acres, must be preserved for uses such as a farm, polo club, vineyard or a horseback-riding academy, says Richard Hanley, planning director for the Town of Riverhead. Any large structure added to the land would have to be approved by the town planning board. The remaining 56 acres can be subdivided into 81 residential lots of about 30,000 square feet each and sold.

Kim Granatell, a cast member of β€œThe Real Housewives of New Jersey,” looked at the property when she was shopping around the North Fork over the summer.

Nicole LaBella of The Corcoran Group is the listing agent.

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