A lack of inventory “is creating a little bit of a frenzy when things do come on the market,” said Traci Conway Clinton, an agent with Compass. A five-bedroom 1925 colonial on 1.03 acres in the Plandome village section sold for $4.05 million in October, $500,000 over the asking price. “It was a multiple-bid situation,” Ms. Clinton said. “It was not updated.”

On Nov. 2, the One Key Multiple Listing Service showed 60 properties for sale in Manhasset, ranging from $350,000 for a one-bedroom, one-bath co-op unit to $11.8 million for a six-bedroom, six-and-a-half bath waterfront mansion built in 1910 on 0.89 acres, with an indoor pool and a large dock.

A 1937 three-bedroom, one-and-a-half bath colonial on a 0.17-acre lot, whose price recently dropped $50,000 to $1.275 million, came with annual property taxes of $16,302, according to realtor.com.

This year through October, 192 properties sold in Manhasset, with an average price of $1,855,384 and an average time of 76 days on the market, Ms. Hance said. By contrast, during the first 10 months of 2020, 152 properties sold in the hamlet, for an average of $1,833,509 after an average 93 days on the market.

Country clubs, yacht clubs and parks draw golfers, sailors, boaters and tennis players. Natural history buffs can visit the 35-acre Long Island Science Museum at the Leeds Pond Preserve. Manhasset Valley Park is the site of lacrosse, soccer, softball and Little League games.

Source: | This article originally belongs to Nytimes.com

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