200 Melbourne Road, Great Neck, NY 11021

200 Melbourne Road, Great Neck, NY 11021

$1,950,000 · 5 bed · 4 bath · 3,410 sq ft · built 1951 · MLS# 969046 · Active

5 Bedroom 4 Bathroom, 1st floor office, wet bar, approximately 3,410 SF total usable space - New asking price updated. Gracefully set beneath a canopy of stately oak trees in the prestigious Village of Russell Gardens, this well-maintained five-bedroom residence offers approximately 3,400 square feet with a well-balanced floor plan designed for comfortable everyday living. Ideally located in the highly desirable South Great Neck school district, this home combines the charm and tranquility of an established neighborhood with convenient access to the LIRR, major highways, parks, shopping, and dining. Bus…

Single-family homes in the Great Neck Union Free School District sold for a median of $1,650,000 (typically $1,225,000–$2,300,000) across 243 recorded sales between Oct 6, 2025 and Oct 3, 2026, down 0.6% on the 12 months before. This home's $1,950,000 list price sits in the upper single-family tier for the Great Neck Union Free School District.

ZIP 11021 has about 4.6 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 $18,405 a year, this home's property tax runs roughly 12% below the $21,000 typical for Great Neck Union Free 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

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

Based on information submitted to the MLS GRID as of October 10, 2026 10:30 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.