353 Centre Island Road, Oyster Bay, NY 11771

$4,998,000 · 3 bed · 3 bath · 3,000 sq ft · built 1929 · MLS# 1026267 · Active

Immerse yourself in this stunning waterfront villa on Centre Island. Although newly rebuilt inside and out, the original character of this 1929 colonial creates an amazing synergy between modernity and history. Perched comfortably above the bay, the backyard slopes gracefully towards the water's edge with a new seawall. The professional landscape plan not only created beautiful grounds, but a number of entertaining and play areas, including a dining terrace with built-in barbeque/prep station. On the eastern side of the home, you are met by a sizeable driveway and a separate…

Single-family homes in the Oyster Bay-East Norwich Central School District sold for a median of $1,500,000 (typically $940,000–$2,275,000) across 84 recorded sales between Oct 8, 2025 and Sep 22, 2026, up 15.8% on the 12 months before. This home's $4,998,000 list price sits in the luxury single-family tier for the Oyster Bay-East Norwich 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 $23,561 a year, this home's property tax runs roughly 24% above the $19,000 typical for Oyster Bay-East Norwich 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