Drive on Long Beach Road and one Nissequogue estate is not like the other, that is, if you can find it.
The estate at 523 Long Beach Road, between Stillwater Road and Short Path, is completely abandoned, a rare sight in an area where massive estates line the bluffs and tax bills can approach six figures. According to the home's listing in Blockshopper, the circa-1971 estate is not listed for sale, though it has been sitting in shambles, with tall grass breaking through the concrete, deadbolts rusting on the front door and light casings shattered.
According to tax information listed on the Town of Smithtown's website, the estate is owned by Eugene Culbreath, and property taxes are $32,000 a year on the estate.
Zillow.com estimates the home's value at $1.5 million.
While this estate is not on the market, homes for sale in the tony village continue to pop up. The Multiple Listing Service of Long Island lists 31 properties for sale in Nisssequoge, including a brand-new villa that just hit the market for $9 million. But a drive thorugh the area shows a host of signs for private sales.
See our gallery of the estate and stay tuned for updates on this property.
http://mortgagefraudblog.com/perp-walk/item/12467-13_indicted_for_100m_mortgage_fraud_scheme
I think he now lives in Florida. Not sure of the status of the current owner.
Thank you for sharing your opinion of our news judgement here. We welcome this criticism. In defense of posting these, we believe the public has a right to know about these vacant properties in our communities for a few reasons. If let to fall into disrepair like the above property they could present a danger to residents and children, become a the target of squatters and hurt the property values of surrounding homes. It's with this in mind that we chose to inform the public about this estate. Also, thank you for letting us know about the break-in. We will certainly look into that. Thank you for the feedback, Henry Powderly Regional Editor