Gold Coast estate from 1930s hits market for $30M

Groton Place (Google Maps)
Groton Place (Google Maps)

One of the few remaining “Gold Coast” estates built on Long Island’s North Shore in the first half of the 20th century is on the market, according to the New York Times.

The 108-acre estate known as Groton Place can be had for just under $30 million. The massive estate sits 25 miles outside Manhattan in Old Westbury and is home to a mansion built in 1932 for investment banker Robert Winthrop, who died in 1999 at age 95.

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The seven-bedroom mansion is as opulent as one might imagine and was restored by its owners of 23 years, Luis and Julie Rinaldini, who sought a conservation easement for the land. That effort led to the formation of the North Shore Land Alliance in 2002.

Around 1,200 mansions and estates were built along the Gold Coast from the 1890s through the 1930s, but most were divided and redeveloped over the years, according to PBS. [NYT] — Dennis Lynch