Billy Joel’s Lengthy Island village Centre Island has grow to be a ghost city as rich residents flee to Florida
Billy Joel’s Lengthy Island village Centre Island has grow to be a ghost city as rich residents flee to Florida
- Joel is promoting his compound on Centre Island for $49million
- There are 12 different properties on the market all between $1.45million and $9.7million
- Realtors say the residents are shifting to Florida, the place they get pleasure from decrease taxes
Residents of the rich Lengthy Island hamlet the place Billy Joel lived for many years are following go well with in his choice to flee for Florida.
Joel is promoting his spectacular Centre Island compound for a jaw-dropping $49million – however he is not the one one upping sticks.
There are presently 12 properties on the market on Centre Island – a small island village with only a yacht membership and a few homes – in what some native actual property brokers say is an indication of a mass exodus to the sunshine state.
Since 2020, greater than 500 properties have been listed and 300 have been offered on the island.
Along with Joel’s home, there are 11 properties on the market on Centre Island in Lengthy Island’s unique north shore
The most affordable itemizing on Sotheby’s web site is a derelict $1.475million residence which sits on 4 acres.
Unsurprisingly, Joel’s is the priciest. The others vary in value from $3million to $9.75million.
‘Individuals are promoting the larger estates and so they’re getting smaller homes.
‘They usually’re taking the cash and placing it right into a property in Florida … so many individuals left this space to go all the way down to Florida.
‘So many. It’s superb. Some folks have come again.
Billy Joel’s $49million compound on Centre Island is certainly one of 12 properties on the market within the village
Joel spent years creating and constructing his compound. At one stage, he supposed so as to add horse stables
Joel’s sprawling residence has been available on the market for a number of months
Billy Joel is shifting to Florida full-time after greater than 20 years of life on Centre Island
‘However I additionally noticed lots of people shopping for round right here throughout COVID from California, as a result of the costs in California are so excessive,’ actual property agent Cottie Maxwell informed The New York Post.
Since 2020, extra New Yorkers have decamped to Florida than ever earlier than.
The explanations vary from avoiding excessive taxes to rising disenfranchised with New York’s Democrat politicians and rising crime charges.
COVID kick-started the pattern but it surely seems to be sticking.
In 2022, some 65,000 folks switched their driver’s licenses from New York to Florida.
Within the first quarter of 2023, 10,000 folks additionally ditched New York for Florida.
Joel has lengthy owned property in Florida.
He’s promoting his $64million Palm Seaside pad searching for a brand new property.
The crooner had a decades-long residency at Madison Sq. Backyard which ended earlier this 12 months.
The most affordable residence on the market on Centre Island is that this $1.5million, five-bedroom knockdown undertaking
