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The Deals and Duds of Westchester's Real Estate
Oct 30, 2008
08:59 PM
The Speculator

Land Ho!

Lewisboro has a population density of 452 persons per square mile. It now has a few new residents on the 9.11 miles of land (that’s 75 acres) at 27 Oscaleta Road, a private home christened Oscaleta Lodge, which, after being on the market for a mere 31 days, closed October 6 for $8.1 million. The buyers are not from the county and will use the Lodge as a weekend home. Yes, $8.1 mil for a weekend home(!). The seller was nonagenarian Mrs Abrams, who has lived in the house since the 1930s.


Homes costing $5 million or more usually take many months to sell. But this seven-bedroom Colonial is an exception. “It’s a unique property; it has both lots of open land and direct lake frontage,” says selling agent Adam Hade of Houlihan Lawrence in Pound Ridge. “There are seven lakes in Lewisboro but most have little cottages built up around them. The Lodge has approximately fifteen hundred feet of frontage on Lake Oscaleta, a sixty-five-acre glacier lake.” Fishing, canoeing, small horsepower motor-boating, and ice-skating are all permitted on the lake. The property also has two shed row barns (with room for eight horses), an equipment barn, and a paddock. And, oh yes, there are two houses on the property: a 1920s main house and a three-bedroom, 1,800-square-foot guesthouse. The main house has numerous original details including arched doorways, plastered walls, and hand-painted stenciled flooring.
“The approximately one-thousand-foot approach up to the home is spectacular,” says Habe, “a gravel and dirt drive lined with maples and oaks.”

Sale Price: $8.1 million
List Price: $8.75 million
Closing Date: October 6, 2008
Listed: July 29, 2008
Address: 27 Old Oscaleta Rd, South Salem
Style: Colonial
7 BR, 4 full baths and one half bath, 4,757 sq ft
Acres: 74.8
Year Built: 1920
Levels: 2
Taxes: $71,185
School System: Katonah-Lewisboro
Pluses: three fireplaces in main house, 1,800 sq ft, 3 BR guesthouse, great room with hand-painted stenciled flooring and beamed ceiling, two-car attached garage plus two-car detached garage, bulk of property is pine forest and open meadows, access to lake
Agent: Adam Hade Houlihan Lawrence, Pound Ridge (914) 764-5762; ahade@houlihanlawrence.com.

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About This Blog

John B. Turiano

John B. Turiano
White Plains, NY

Ever since purchasing a condo at 10 Stewart Place in White Plains in 1999 (and seeing an approximately 300% rise in value over the subsequent years), John Bruno Turiano has been in love with real estate. His idea of an exciting Saturday night is watching a marathon of Flip this House.

He also sleeps with the New York Times Real Estate section under his pillow.

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