49° Good Morning
49° Good Morning
ClassifiedsReal Estate

Parente house in Garden City comes on the market

Parente house in Garden City is on the

Parente house in Garden City is on the market Photo Credit: Photo by Kevin J. Wohlers

The Garden City ranch where the Parente family lived is for sale. The asking price is $799,000.

William Parente murdered his wife, Betty, and their two daughters, Stephanie, 19, and Catherine, 11, inside a Maryland hotel room in 2009. After the murder-suicide, investors in the attorney's Manhattan-based high-interest commercial bridge loan business alleged that he was running a Ponzi scheme in which they lost as much as $31 million.

>> Selling tips: Expert advice to help you sell your home
>> Buying tips: Pointers to help you navigate the process
>> Find your dream home.

How the profits from the home and other properties the Parentes owned will be distributed is being handled by the courts, says Eric Milgrim of the Office of the Nassau County Public Administrator, who is managing William Parente's estate.

The holdings include a Westhampton Beach condo that real estate records show just went into contract. The two-bedroom, two-bath unit at 575 Dune Road is listed for $625,000.

The three-bedroom, 2.5-bath Garden City home is at 4 1st St., overlooking the Cherry Valley Country Club. The 90-by-134-foot property includes an elaborate playset and a small playhouse where Catherine used to play, says Robert Krener, who is co-listing the property with Patricia Dickey of Taylor Warner Realty.

"It's a highly emotional matter," says Krener, who lived next door to the Parentes and sold them the house in 2000 for $580,000.

Photos of the house reveal that all the rooms have been emptied. Milgrim says a private tag sale was recently held there. A previous report in Newsday indicated that items such as a Baldwin baby grand piano and a Lenox china set for 12 were on the block.


We're revamping our Comments section. Learn more and share your input.

More news