North Haven's Tyndal Point now priced at $49.9 million

Tyndal Point, the 55-acre waterfront estate in North Haven that went on the market in early 2007 for $80 million, has just seen a price reduction to $49.9 million. The property is co-listed by Scott Strough of Strough Associates and Gary DePersia of The Corcoran Group.

 

Strough tells REAL LI that since the price reduction was announced the property has had significant interest from potential buyers, both in the financial and celebrity worlds. "We've been contacted by high-profile players from all points of interest in the country," he says.

 

There is a subdivision plan that would divide the land into three estate parcels of two lots each, but Strough says that the interest has been in the property as a whole. The land stretches across 3,000 feet of beachfront, with views of Shelter Island, Sag Harbor and Northwest Harbor. There are also two deepwater docks.

 

The owner of Tyndal Point is former Baldwin resident and retired lawyer Robert Rust, who inherited the property from his aunt. In 2008, Rust temporarily pulled the property off the market, re-listing it a few months later for $75 million. He said that his aunt had paid about $200,000 for the land more than 50 years ago.