Sassafras, the $60 Million Dollar Home

by Deidre Woollard (RSS feed)
Mar 25th 2006 at 9:03AM

It's always pricey in New York but the latest estate to hit the market is creating a stir. Newsday reports that Sassafras, a 48-acre waterfront estate has hit the market for $60 million. The estate includes a Tudor-style mansion, two helipads, and a private dock. The home is located in the pricey area of Lloyd Neck which is the setting of several other of our favorite estates. The main house has 22,000 square feet that includes eight bedrooms. There is also a six-bedroom guest house and an 11-bedroom staff house. Yearly taxes alone are an astounding $195,000. According to Newsday, the unnamed seller has already turned down a bid of $50 million. Is it worth $60 million? Given the prices for other homes in the area and that this home offers a large amount of acreage and waterfront it may be in the right ballpark but I think the owner wouldn't have been remiss in taking the $50 mil offer.

Tags: $60 million, $60Million, lloyd's neck, luxury real estate, LuxuryRealEstate, new york, real estate, sassafras