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Ex-Peabody estate in Cold Spring Harbor for sale for $2.2M

This Cold Spring Harbor home sits on the

This Cold Spring Harbor home sits on the former estate of Charles A. Peabody Jr., president of the Mutual Life Insurance Co. It is on the market in March 2016 for $2.295 million. Credit: Daniel Gale Sotheby’s International Realty

This Cold Spring Harbor house sits on the former estate of Charles A. Peabody Jr., president of the Mutual Life Insurance Co. It is on the market for $2.295 million.

Seller Angelo Mignone built the four-bedroom house, designed by his father, architect Ralph Mignone, in 1996 on a five-acre parcel that once held the estate’s mansion. The original circa-1911 home was destroyed by a fire in 1978 after being used for many years as a retreat by the Roman Catholic Church. According to local lore, the elevated property was used as a lookout station during the Revolutionary War to track British ships in the harbor.

Mignone restored a brick and wood trellis that had been part of the estate, reproducing the parts of the original that had degraded.

“It was what it was meant to be back in 1911,” Mignone says.

The property backs up to a nature preserve with walking trails, including one that leads to the original entrance to the property on Route 108. The house across the street was the estate’s original carriage house, restored by an architect who bought that property a few years ago, Mignone says.

Bonnie Williamson of Daniel Gale Sotheby’s International Realty is the listing agent.

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