Real Estate

Wally Szczerbiak’s Long Island Estate Available With Huge Price Slice

The former NBA participant Wally Szczerbiak is taking one other shot at a sale of his huge Long Island property. He’s asking a reduced $7.9 million for the good-looking dwelling. He and his spouse, Shannon, bought the property for $5.3 million in 2012.

The couple positioned the property on the market in 2017, on the a lot increased value of $13.8 million.

But with no purchaser stepping up, the house has undergone a number of value cuts through the years. In 2018, it dropped to $12 million, after which, a number of months later, it was slashed to $9.8 million. In 2020, it returned to the market for $8.8 million.

Then the house’s value was minimize but once more, to $7.3 million final year. Back on the market this week, the value has bumped up barely, though it’s nonetheless 43% off the unique ask.

The regal residence sits in Cold Spring Harbor, NY, a hamlet on the North Shore of Long Island. It’s additionally the place the place the now-retired hoopster attended highschool—and the property is reportedly across the nook from his childhood dwelling.

This big mansion comes with a number of historical past. Built in 1910, the house was later bought by J.P. Morgan in 1933, as a marriage reward for his daughter. During World War II, the house owners stripped one wing of the home to donate copper, wooden, and different supplies towards the battle effort.

After the Szczerbiaks picked up the property, they launched into a pricey multiyear renovation, which was accomplished in 2015. The updates included including the lost wing again on the house because it had initially been constructed.

Located on Cold Spring Harbor, this space is billed as “truly a Hamptons alternative” within the itemizing. Only about 30 miles from Manhattan, the utterly renovated and restored Georgian Colonial spans 22,000 sq. ft, on nearly 5.5 acres. The providing consists of eight bedrooms, 10 full bogs, and 4 half-bathrooms. Guests entry the property through a protracted driveway, which ends in a motor court docket and fountain.

The opulent space, which opens right into a double-height lobby, is crammed with lavish particulars, akin to a double staircase, ornamental ceilings, and crown moldings.

An eat-in kitchen consists of darkish wooden with elaborately detailed wooden cabinetry, twin islands, and a breakfast nook. A household room adjoins the consuming space. The formal eating room options purple wallpaper, a fire, and a chandelier.

Other rooms embody a glass-enclosed conservatory, library, bar, sport room, and a house theater emblazoned with the Szczerbiak identify. The four-story residence additionally consists of two separate quarters for friends.

Other facilities of the previous NBA All-Star’s dwelling embody a fitness center, sauna, and basketball court docket.

An enormous porch overlooks the grounds and gardens. Outside, the out of doors space contains a saltwater pool and a contemporary, mild and shiny poolhouse with a kitchen and sitting space. The land additionally comes with a personal dock.

Szczerbiak, 44, spent 10 seasons within the NBA and retired in 2009. He’s since soared into the printed world, serving as an analyst for the Knicks and for school hoops.

Scott Van Son with Berkshire Hathaway holds the itemizing

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