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This $10.6 Million Long Island Estate Built in the Gilded Age Has Its Own Private Waterfront

Called Somerset, the 10.6-acre property's main house was inspired by the Governor’s Palace in Williamsburg, Virginia.

2 Wallis Lane in Long Island New York Douglas Elliman

If The Gilded Age and Bridgerton have you fantasizing about afternoon promenades and society parties, perhaps this historic estate is for you. Located in Nissequogue, New York, on Long Island’s North Shore, Somerset estate at 2 Wallis Lane was built in 1935 and exudes the elegance of a bygone era.

“When we first toured this property, I got lost in my own imagination, picturing the cocktail parties and pool parties here in the 1930s and every decade since,” says co-listing agent Mickey Conlon of Douglas Elliman. “2 Wallis Lane was originally inspired by the Governor’s Palace in Williamsburg, Virginia, and that’s why the home feels grand, and why it has these sweeping, magnificent spaces for entertaining.”

2 Wallis Lane in Long Island New York

The living room.  Douglas Elliman

The estate, listed for $10.6 million, rivals homes in the Hamptons for its charm, history, views and classic East Coast elements. It sprawls over 10.6 acres, which includes expansive lawns; a long, hedge-lined driveway; ponds with fountains; a wooded nature preserve; mature trees; and lush gardens. There is also 700 feet of water frontage with seemingly endless views of Smithtown Bay and the Long Island Sound. 

Despite the near-century-long history of the property, the interiors are remarkably intact. In fact, restoration efforts paired with modern updates make this storied home feel decidedly appropriate for today’s buyer. However, for history buffs, many 1930s design elements remain, like the grand spiral staircase, moldings and polished wood doors. 

2 Wallis Lane in Long Island New York

The dining room.  Douglas Elliman

“You don’t feel like you’re in a museum, but you certainly sense the history when you step inside,” says co-listing agent Tom Postilio. “This home evokes the Gilded Age glamour everyone is falling back in love with right now, with its classic details and dramatic interior spaces. But it’s also perfectly proportioned for contemporary living because it wasn’t built in the 1800s.”

There are seven bedrooms and five bathrooms across the home’s 9,000 square feet, as well as a wine cellar, pool and pool house. A library, formal dining room, office, spacious living room and covered terraces complete the picture. There is also plenty of wall space to hang a prestigious art collection, as the current seller has done, and several fireplaces. Each room is also filled with natural light and has views over the water or the land. And luckily for buyers seeking even more space for eloquent summer soirées, galas, or multi-gen hosting, an adjacent waterfront parcel at 6 Wallis Lane is available, too.  

2 Wallis Lane in Long Island New York

The library has built-in bookshelves and a fireplace.  Douglas Elliman

“Coming out of the pandemic, we’re seeing renewed emphasis on hosting,” Conlon says.  “Our clients are coming out to the North Shore because they want the privacy the acreage affords, and they also want many bedrooms, a banquet-size dining room, a sparkling pool and a jaw-dropping view. This is that house.”

Many prominent families have called Somerset home, including Gilbert Greenway of the Lauder Greenway family. George Lauder, Gilbert’s grandfather, co-founded the Carnegie Steel Corporation with Andrew Carnegie. The family were also patrons of the arts and donated to the Lincoln Center, the New York Philharmonic and more.

Check out more photos of the property below:

2 Wallis Lane in Long Island New York

Many period-style decorative elements can be found within the home.  Douglas Elliman

2 Wallis Lane in Long Island New York

One of the seven bedrooms.  Douglas Elliman

2 Wallis Lane in Long Island New York

The office  Douglas Elliman

2 Wallis Lane in Long Island New York

The wine cellar  Douglas Elliman

2 Wallis Lane in Long Island New York

The spiral staircase remains from when the estate was built in 1935.  Douglas Elliman

2 Wallis Lane in Long Island New York

The pool and pool house.  Douglas Elliman

2 Wallis Lane in Long Island New York

There is 700 feet of private water frontage.  Douglas Elliman

2 Wallis Lane in Long Island New York

A sun room.  Douglas Elliman

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