Billy Joel's Long Island estate, specifically its gatehouse, is set to enter contract for $8.5 million. The property boasts 5,565 square feet and features five bedrooms and luxury amenities, located on Joel’s 26-acre compound. A couple from Long Island's North Shore is purchasing the gatehouse while renovations on the main house continue, pushing the asking price for the entire estate down to $39.9 million. The lengthy renovation process has complicated the sale, which was initially listed while still under construction.
The gatehouse, a 5,565-square-foot residence on Billy Joel's estate, is going into contract for $8.5 million, with buyers from Long Island's North Shore.
With the main house's recent renovations taking over five years, the entire property's appeal was hampered until it was sold as completed.
Billy Joel's estate, originally listed in May 2023 during renovations, reflects the challenges of selling high-end properties that are not finished.
The asking price for Joel's main house will drop to $39.9 million, moving from its previous listing of $49.9 million as the renovation concludes.
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