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Buying in Great Neck Estates

Great Neck Estates Park has something for everyone,

Great Neck Estates Park has something for everyone, young and old, to stay active, or just the perfect place to relax after a long day at work. Photo Credit: Kevin P. Coughlin

THE SCOOP The village of Great Neck Estates turned 100 years old last year. Incorporated in 1911, it is one of nine villages on the Great Neck Peninsula.

Close to Manhattan, the scenic peninsula has had its share of famous residents, including author F. Scott Fitzgerald, who lived in Great Neck Estates. It was from there that he was inspired to write "The Great Gatsby."

"The village has beautiful, tree-lined streets. Some of them are hilly," says Edna Mashaal, broker-owner of the Great Neck-based real estate agency that bears her name.

Residents have access to a waterside park, complete with pools, tennis courts, athletic fields and a playground as well as a marina and dock area. There's also another park with a duck pond.

Middle Neck Road offers a plethora of upscale shops and restaurants. Houses of worship are nearby. And the Great Neck train station is a commuter's delight, with some trains traveling to Penn Station in less than 30 minutes.

As for village neighborhoods, the east side of Bayview Avenue is dominated by Colonials and Tudors priced from about $1 million to more than $3 million, Mashaal says; the west side has mostly ranches and expanded ranches. On occasion, a waterfront home can command up to $8 million. Properties are typically between a quarter-acre and 1 acre.

CO-OPS LISTINGS between $218,000 and $329,999

SALES PRICE In the ZIP codes 11021, which includes Kensington and Russell Gardens, and 11024, which includes Kings Point and other parts of Great Neck, there were 138 sales from Feb. 1, 2011, to March 20, 2012, according to Multiple Listing Service of Long Island data. The median sales price was $1,077,500 with a low of $420,000 and a high of $8,800,000. From Jan. 1, 2010, to Jan. 31, 2011, there were 117 sales with a median price of $1,030,000. The low was $330,000, and the high was $4,750,000.

ATTRACTIONS Village events include the Memorial Day Picnic, as well as water races on July Fourth and Labor Day weekends.

BY THE NUMBERS

Town: North Hempstead

Area: 0.8 square mile

ZIP codes: 11021 and 11024

Population: 2,761

Median age: 45.8

Median household income: $135,104

Median home value: $1,205,000*

LIRR time to NYC: 24 minutes to 40 minutes at peak

Monthly ticket: $223

School district: Students can attend either Great Neck South or Great Neck North

SOURCES: 2010 Census; mlsli.com; Long Island Rail Road;

*Based on four sales in the past six months, according to Multiple Listing Service of Long Island

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