Glen Cove Mayor Reginald Spinello says one particular project is set to add to his city’s growth in a big way.
“It’s been about 20 years in the making,” he says, “and we’re at the finish line right now.”
That would be the massive Garvies Point development on Glen Cove’s waterfront that will add 1,110 condominiums and apartments. The $1 billion project, on 52 acres of land, will also feature parks, restaurants, marinas, office and retail space, a commuter ferry from Glen Cove to Manhattan, and other amenities.
“We are going from a bedroom community to a vibrant destination location,” says Spinello, a lifelong Glen Cove resident. “We’re looking to attract millennials, young professionals and families looking for a beautiful community that has all the amenities right there.”
Spinello says the closing on the property should come by the end of the month, and that he expects “a shovel in the ground in December.” Construction is expected to take five to six years, with all public amenities being built first.
Spinello says projects such as the waterfront revival, along with new mixed-use development in the downtown area and a new AMC movie theater, will help attract individuals that prefer a walkable community. The area already boasts its own golf course, three beaches and four parks.
There are various types of housing styles and prices in Glen Cove, says Stella Hetzer, a resident and broker at Daniel Gale Sotheby’s International Realty. “From Victorians and older type homes with a lot of character,” she says, “to the modern, updated grand brick manor.”
The area has a strong sense of community, Hetzer says, holding annual events such as parades, festivals, feasts and a weekly Friday-night summer concert series, Downtown Sounds. The waterfront project, she says “will only enhance the beauty of living here.”
CONDOS AND TOWN HOUSES
There are 19 condos on the market, ranging in price from $220,000 to $2.48 million.
From Oct. 1, 2015, to Oct. 31, 2016, there were 192 home sales with a median sale price of $485,000, according to the Multiple Listing Service of Long Island. The low price for that period was $150,000 and the high was $1.95 million. During that period a year earlier, there were 172 home sales, at a median price of $450,433. The range was $153,880 to $4,408,500.
Most students attend Glen Cove High School. In 2015, 33 percent of graduates earned a Regents diploma with advanced designation. That compares with 34 percent in 2014.
Area: 6.6 square miles
ZIP code: 11542
Median age: 40.6
Median household income: $65,267
Median home value: $515,000*
LIRR to NYC: 62 to 69 minutes at peak
Monthly ticket: $287
School district: Glen Cove
Sources: 2010 Census; mlslI.com; LIRR;
*Based on sales in the past six months, according to MLSLI
OAK LANE, $1.015 million
After 188 days on the market, this four-bedroom Tudor sold for $74,000 less than its asking price. The 1935 home, with radiant heated floors, has 3.5 bathrooms, an eat-in kitchen with marble countertops, a living room with a fireplace, a formal dining room and a den. The master suite includes a full bathroom and two walk-in closets. The home has a full basement and the 0.47-acre property has a three-car garage. Taxes are $18,751.
BRIDLE LANE, $630,000
This four-bedroom Colonial sold for $39,000 less than its asking price after 494 days on the market. The 1972 home includes 2.52 bathrooms, a Cherrywood kitchen with a breakfast area, a den with a fireplace and a formal living room and dining room. The master suite includes a full bathroom. The 100-by-110-foot property also features an attached two-car garage, a full basement and a back deck and patio. The taxes are $11,797.
MANOR PLACE, $325,000
Originally listed for $335,000, this three-bedroom cape sold in October after 386 days on the market. The home, built in 1948, offers 1.5 bathrooms, a kitchen that opens to a dining room and den, and a living room with a brick fireplace. One bedroom and a half bathroom are on the second level. The 50-by-150-foot lot, which is situated on a cul-de-sac, features a full basement and a detached 1 1/2 car garage. The taxes are $8,174.
NOW ON THE MARKET
This three-bedroom, two-bathroom Colonial features a living room and dining room with dark stained hardwood floors, an eat-in kitchen and a walk-up attic. The 55-by-116-foot property includes a detached one-car garage. Taxes: $9,247. John Kobets, Laffey International, 516-729-4468.
This three-bedroom, two-bathroom split-level boasts a granite kitchen with doors leading to the back porch and patio and stairs leading to the den. There’s also a living room, dining room and master bedroom with a full bathroom. The 65-by-100-foot property includes a full basement with porcelain tile and an attached two-car garage. Taxes: $10,234. Anna Alyskewycz, Douglas Elliman Real Estate, 516-680-5399.
HIGH-END, $1.149 million
This four-bedroom, 4.5 bathroom condo, in a gated community, features a living room and family room, each with a fireplace, a formal dining room and eat-in kitchen. The 56-house development features tennis courts, an in-ground pool and a clubhouse. The taxes are $20,207. Margaret Trautmann, Daniel Gale Sotheby’s International Realty, 516-361-4646.
ON MULTIPLE LISTINGS
Number of houses: 105
Price range: $220,900 to $2.8 million
Tax range: $5,899 to $48,668