5 Terrace Circle #1H, Great Neck, NY 11021

5 Terrace Circle #1H, Great Neck, NY 11021

$288,000 · 1 bed · 1 bath · 650 sq ft · built 1949 · MLS# 1041549 · Active

This first-floor 1-bedroom, 1-bath residence offers updated interiors. A spacious bedroom with generous closet space, hardwood floors, a fully renovated kitchen, and a fully renovated bathroom with a convenient step-in shower. ** Additional features include in-building laundry and bike storage. A playground and school bus stop are conveniently located within the community. Just a 3-minute walk to the Little Neck LIRR (Zone 3), offering direct service to Penn Station and Grand Central. Residents enjoy an Olympic-sized pool, kiddie pool, dog run, basketball and volleyball courts, community room, and Great Neck…

Co-ops in the Great Neck Union Free School District sold for a median of $415,000 (typically $330,000–$605,000) across 158 recorded sales between Oct 10, 2025 and Sep 29, 2026, up 4.3% on the 12 months before. This home's $288,000 list price sits in the entry co-op tier for the Great Neck Union Free School District.

ZIP 11021 has about 2.8 months of co-op inventory — seller's market. Demand is outpacing supply, so homes sell quickly with firm pricing and limited room to negotiate.

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

Listings courtesy of OneKey® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of October 10, 2026 9:45 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Great Neck Market Trend

Great Neck peaked near $882K around September 2024 and has since eased to roughly $650K, with time on market stretching out. Should the pattern hold, the market may continue drifting toward balance. Alongside that easing trend, note that the roughly $630K blended median combines very different property types, so it may not describe any single one: of 521 recent sales, co-ops made up the largest share at about 61% with a median near $410K, single-family about 28% near $1.86M, condos about 11% near $1.1M. Because the most common type sold here is also the lowest-priced, the blended figure tends to sit below the single-family median rather than above it — so a typical single-family house has tended to sell closer to $1.86M, roughly $1.23M over the headline number. These are past medians, not predictions or guarantees, and individual properties vary widely; anyone weighing a specific property should review current comparable sales for that property type.

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Looking for off-market opportunities or a property attorney's read on this listing? Contact Joseph DeVito — Lic. R.E. Associate Broker + NY-licensed real estate attorney.