The asking price of the French Normandy-style estate in Oyster Bay known as Northwood has been reduced to $18 million. The 26-acre property is surrounded by a 114 acres of preserve. (Last year, Nassau County spent $11 million to save 33.5 acres of the property.)
The estate had been 900 acres about 100 years ago, when it was owned by banker Mortimer Schiff. He built a 120-room Tudor home on the property. His son, John, later replaced the mansion with the manor house there today.
"It is the most gorgeous piece of property," says Barbara Candee, who is listing Northwood with Margaret Trautmann on behalf of the Locust Valley office of Daniel Gale Sotheby's International Realty.
The current owners renovated the house two years ago. There are 10 bedrooms, 10 baths and two half bath, as well as a Tudor-style coach house, 12-stall stable, a tennis house, indoor/outdoor har-tru courts, a pool and trails.
On Wednesday, George Ballantyne, senior vice president of Sotheby's International Realty, will address about 100 Daniel Gale brokers at Northwood. The topic will be "Building a Quality Culture." Earlier in the day he will speak to about 60 brokers at another of the agency's listings -- this one in Brookville for an asking price of $5.2 million.