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  • $5,449,900

    40 Cove Neck Rd, Oyster Bay, NY 11771

    10beds
    14,067sqft
    Single Family Residence
    Built in ----
    -- sqft lot
    $5,449,900 Zestimate®
    $387/sqft
    $21,499 Estimated rent

    Home value

    $5,449,900

    $4.36M - $6.81M

    $21,499/mo

    Zestimate® history
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    $21,499/mo

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    Rent Zestimate®

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    $37,636/mo

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    $37,636/mo

    Est. payment

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    What's special

    40 Cove Neck Road, Oyster Bay, NY 11771 Historic Estate | Waterfront | 10 Bedrooms | 7+ Baths | Private Dock with Yacht/Boat Lift & Park-Like Grounds Welcome to one of Cove Neck's most distinguished residences an extraordinary waterfront estate set on over 4.5 acres of meticulously manicured grounds with expansive lawns, water views, and your very own private dock with a boat lift. Designed for those who appreciate refined living, gracious space, privacy, and historic significance, this stately home spans approximately 14,000+ square feet and offers an exceptional blend of architectural character and modern comfort. Upon entry, you are greeted by grand proportions and classic design details that befit a property of this scale. With 10 bedrooms and 7+ bathrooms, multiple formal and informal living spaces, elegant dining areas, and numerous opportunities for entertaining indoors and out this estate is ideally suited for large-scale gatherings, multigenerational living, or distinguished corporate and personal retreats. Outdoor amenities include lush, park-like lawns, mature landscaping, and direct water access perfect for boating, alfresco dining, and enjoying sunsets over Oyster Bay. The private dock and Yacht/boat lift add a rare and highly desirable waterfront dimension rarely found in rental properties of this caliber. There is an outdoor swimming pool with a pool house equipped with a kitchen and two changing rooms. The yacht/boat lift has a capacity of 120,000 lbs. and can be increased to 180,000. The lift serves also as a great swimming platform. Must not forget the excellent stripe bass fishing, directly from the dock! The estate was previously approved by the town for a tennis court and large magnum wing and indoor single and doubles squash court. Plans available. Historic Swan House of Cove Neck As part of the esteemed Cove Neck enclave, this residence enjoys a unique connection to local and national history: Historic Swan House of Cove Neck: The Swan House of Cove Neck is a distinguished historic residence long associated with the Swan family, prominent figures in the social and maritime life of Long Island's North Shore. The estate is notably connected to Theodore Roosevelt, who was a frequent visitor during his youth and is documented to have spent time at the home while courting Emily Swan, including teaching her the game of lawn tennis on the property's grounds. The Swan House also played a role in the early formation of the Seawanhaka Yacht Club, as Emily Swan's father gathered with his peers at the home during the formative period leading to the club's founding. The home also previously served as meeting house for Cove Neck Village Government in the earlier years. Today, the Swan House offers the rare opportunity to reside within a property that reflects the heritage, social history, and enduring character of the Gold Coast. This home is being offered by the great grand nephew of W.R. Grace, shipping tycoon and former Mayor of NY who welcomed the Statue of Liberty! NOTE: See a stunning drone video of this estate on Youtube by entering "Evergreens Cove Neck" in the Youtube search bar. Included in the Youtube description is a link to a file summarizing the history of this estate. (A detailed historical insert is available for prospective tenants upon request.) There is an option to purchase also. Tenant pays all utilities. Lease is 1 year term.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked: 11 hours ago

    Listing updated: January 26, 2026 at 10:55pm

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 8
    • Full bathrooms: 8
    Heating
    • Forced Air
    Cooling
    • Central Air, Wall Unit
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Microwave, Oven, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Flooring: Carpet, Hardwood, Tile
    Interior area
    • Total interior livable area: 14,067 sqft

    Property

    Parking
    • Parking features: Detached
    • Details: Contact manager
    Features
    • Exterior features: Heating system: Forced Air, No Utilities included in rent
    Details
    • Parcel number: 2600A000279

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence

    Community & neighborhood

    Location
    • Region: Oyster Bay

    HOA & financial

    Other fees
    • Deposit fee: $29,900

    Other

    Other facts
    • Available date: 02/01/2026

    Price history

    DateEventPrice
    1/29/2026Listing removed$29,900$2/sqft
    Source: Zillow Rentals Report a problem
    1/8/2026Listed for rent$29,900+19.6%$2/sqft
    Source: Zillow Rentals Report a problem
    1/30/2025Listing removed--
    Source: Owner Report a problem
    1/16/2025Listed for sale$7,000,000+23233.3%$498/sqft
    Source: Owner Report a problem
    5/5/2020Listing removed$25,000$2/sqft
    Source: Daniel Gale Assoc Inc #3195311 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $4,242 +6%
    2023-- $4,002 -1.2%
    2022-- $4,050

    Find assessor info on the county website

    Neighborhood: Cove Neck

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $5,449,900
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    Estimated market value
    $5,449,900