A milestone transaction in East Marion has established a historic price benchmark for North Fork land acquisitions. The sale encompasses roughly 110 acres of undeveloped waterfront and forest acreage situated along Cove Beach, positioned directly on the Long Island Sound near the Ruth Oliva Preserve at Dam Pond. Traded to a single buyer for a combined $23.5 million, the multi-parcel acquisition stands as the highest-valued land trade recorded across the regional market.

The oceanfront assemblage holds a rich historical lineage, having evolved from early agricultural homesteads to a summer retreat for Manhattan youths in the late 19th century. Previous ownership under Dutch real estate investor Raoul Witteveen saw substantial environmental stewardship over three decades. Prior initiatives successfully restricted dense development plans, securing conservation easements with the Peconic Land Trust that permanently protect maritime red cedar forests, coastal woodlands, and critical shoreline habitats adjoining local preserves.

While a significant portion of the 110-acre expanse remains permanently restricted open space, the acquisition includes 18 developable waterfront lots accessible via a private road off Route 25. The high-value sale underscores sustained institutional demand for rare, large-scale coastal land holdings while preserving essential ecological buffers along the Long Island Sound shoreline.

Behind The Hedges:
https://behindthehedges.com/north-forks-largest-land-sale-new-record-23-5m/

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