In Nassau County, on the North Shore of Long Island, you will find the remarkable incorporated village known as Old Westbury, New York. Old Westbury is home to approximately 4,671 residents and is located in both the Town of North Hempstead and the Town of Oyster Bay. North Hempstead is one of three towns in the Nassau County and occupies the northwest portion of the county. The some of the residents of Old Westbury contribute to North Hempstead’s overall population which is approximately 226,300 residents. North Hempstead and Old Westbury are found in the northwest portion of Nassau County. North Hempstead is composed of 69.1 square miles, 15.1 square miles being water. Comparatively, the Village of Old Westbury is composed of 8.6 square miles, all of which are land.
Also part of the New York Metropolitan Area, Oyster Bay is the easternmost of the three Nassau County towns. Oyster Bay is the only one that extends from the North Shore to the South Shore of Long Island. The residents of Old Westbury also contribute to Oyster Bay’s overall population which is around 293,200. The Village of Old Westbury is a prestigious place to call home. In 2007 it was named New York’s most expensive suburb by BusinessWeek and in 2011 it was recognized as the second “richest” town in the nation.
Despite those designations, Old Westbury is still accessible to many homebuyers as a result of its real estate market’s broad price range. Condos and townhomes in Old Westbury have an average listing price around $773,500, though they cannot be found in abundance. Lots and land can be purchases in Old Westbury with prices dependant upon the property’s location and size. Some lots have listing prices near $8 million, however the average listing price for land in Old Westbury is nearer to $3.4 million. Single family homes are the most plentiful housing option in Old Westbury. Some single family homes have listing prices near $13 million but the average listing price for an Old Westbury single family home is around $3.2 million.
If you would like to buy a home in Old Westbury, New York, please do not hesitate to contact us today for assistance or more information.