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East Island home on former J.P. Morgan estate for $749,000

The waterfront community of East Island was once

The waterfront community of East Island was once J.P. Morgan's sprawling estate, which the financier built in 1913. It now has more than 140 homes, including a four-bedroom, three-bathroom that is on the market for $749,000. Photo Credit: Daniel Gale Sotheby's International

The waterfront community of East Island was once J.P. Morgan's sprawling Glen Cove estate, which the financier built in 1913. It now has more than 140 homes, including a four-bedroom, three-bathroom farmhouse-style place that is on the market for $749,000.

"This is a modest home in a waterfront community that has mansions on the water," says Carolina Boucos of Daniel Gale Sotheby's International Realty, who is co-listing the property with Janine Fakiris.

The 1958 home, which has an open floor plan and a private guest suite on the lower level, is a block from Dosoris Pond and a half-mile from Pryibil Beach.

There are winter water views from the half-acre property.

Called Matinecock Point, the Morgan estate was approached via a bridge with a guard house, which is still there. In 1915, Morgan was shot twice, but not killed, at his estate by a Cornell University German professor who was protesting World War I.

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