The historic Laurimore estate in Plandome Manor has been listed for sale after remaining under the same family stewardship for over 50 years. The property, which overlooks Manhasset Bay, features architectural details…
💡 Five Town Homes & Living — For a property of this scale, prospective buyers must account for the significant carrying costs of historic maintenance, which often exceed the standard 1% annual tax assessment ratio typical of Nassau County. At the current $850,000 median price point for the region, a buyer financing a multi-million dollar estate like Laurimore will face a monthly principal and interest payment exceeding $15,000 at current 7% rates, necessitating a deep dive into the property’s specific utility infrastructure and historical preservation tax credits. **We advise interested parties to request a specialized structural inspection and a review of local village zoning ordinances before submitting an offer to ensure the long-term viability of these unique architectural assets.**
A legacy property enters the modern Nassau market.
We help you navigate the complexities of purchasing historic Gold Coast properties by connecting you with specialized inspectors who understand the nuances of century-old infrastructure. We’re your advocates, not just your agents.
Source: Long Island Press — Real Estate
Joey Frankel, a native of the Five Towns, Long Island with years of real estate experience is a social media expert, who will get your home the maximum exposure it needs. She is also a dual agent for both Manhattan and Long Island. Joey will bring you young professionals who are seeking the suburban lifestyle. Sandy Carl is a native of the Five Towns Long Island and familiar with the surrounding communities and school districts on Long Island. She brings over 15 years of event sales experience and real estate with a keen eye for design and home renovations. Frankel/Carl Team Five Town Homes at Douglas Elliman | Licensed Real Estate Professionals | 516-342-0056
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