Interested in home buying? Well, if you’ve got an extra $49,900,000 lying around, you could purchase Billy Joel’s Long Island mansion now on the market!
The estate, referred to as Middlesea by the singer, spans 26 beautiful acres between Oyster Bay and Cold Spring Harbor. It first hit the market over a year ago, priced at $49M before reappearing earlier this month at a higher asking price.
And if this mansion isn’t quite in your budget—as it’s only fit for 0.1 % of buyers—it’s still fun to look at! And if you’re still searching for a home, you’ll need to be making this salary to buy in NYC.
The massive property, fit with five beds and 11 baths, was a real estate dream for Billy Joel, the ‘Piano Man’ singer, who caught a glimpse of the mansion while dredging oysters as a young man. “Rich bastards,” Joel told The New York Times he had thought upon seeing the house then. “I’ll never live in a house like that.”
Little did he know he’d go on to have a net worth of $250 million at the age of 75, purchasing the mansion for himself back in 2002. At the time of the sale, Middlesea was priced at $22,500,000.
The choice to depart with his dream home stems from its steep taxes, costing him a whopping $567,686 per year. That’s about the average household income in Scarsdale, New York, the wealthiest suburb in the country.
Some of the most insane features on this property include a guest house, beach house, a private bowling alley, two swimming pools, a ballroom, and 2,000 feet of private shoreline.
Realtors, Nancy Cuite and Lisa Lavelle, from Berkshire Hathaway HomeServices Laffey International Realty are responsible for the showings of this unbelievable mansion. You can learn more on the realty website.