Musician Billy Joel Sells Long Island Mansion for $28.75 Million

March 4, 2026 - 01:52

Music legend Billy Joel has finally parted with his sprawling Long Island mansion, but the final sale price tells a story of a cooling luxury market. The property, located in the exclusive village of Centre Island, Oyster Bay, sold for $28.75 million. While a staggering sum, this figure represents a substantial $14 million reduction from the original $42.9 million asking price when it was first listed in 2022.

The 20,000-square-foot waterfront estate, which Joel owned for over two decades, is described as a true dream home. The Georgian-style manor sits on over 26 acres and boasts approximately 500 feet of private shoreline on Cold Spring Harbor. Its extensive amenities include a tennis court, a pool and pool house, a private beach, and a deep-water dock. The interior features grand entertaining spaces, a custom-built library, and a music room befitting the Piano Man himself.

The sale concludes a lengthy effort to sell the property, which saw multiple price adjustments over the last two years. The final transaction, significantly under the initial premium, reflects a broader trend of high-end properties requiring strategic pricing to attract buyers in the current economic climate. Joel and his wife, Alexis, reportedly purchased a nearby property in 2020, prompting the sale of this iconic estate.