1117 Cedar Ridge Road, Oyster Bay, NY 11771

$2,500,000 · 7 bed · 5 bath · 4,075 sq ft · built 1981 · MLS# 1009840 · Active

Short Sale - cash offers only- it is only unable to be financed. Offer subject to third-party approvals

Single-family homes in the Locust Valley Central School District sold for a median of $1,230,000 (typically $815,000–$2,400,000) across 141 recorded sales between Oct 7, 2025 and Oct 1, 2026, down 12.2% on the 12 months before. This home's $2,500,000 list price sits in the upper single-family tier for the Locust Valley Central School District.

ZIP 11771 has about 5.4 months of single family inventory — balanced market. Supply and demand are roughly even, so buyers and sellers share leverage with fair, predictable pricing.

At about $24,299 a year, this home's property tax runs roughly 43% above the $17,000 typical for Locust Valley Central School District. Nassau assessments run on a multi-year cycle, so the assessed value behind this bill can lag what the home actually sells for today. A sale does not automatically reset it, and exemptions such as STAR, Senior or Veteran move the number as well — a new owner's bill is often not the same as the seller's.

OneKey MLS (recorded LI sales, trailing 12mo) + actual tax