161 Wallace Street, Freeport, NY 11520

• 4 beds |
• 2 baths |
• 1,897 sqft

Property Description

A Once in a Lifetime Victorian Masterpiece in Freeport Estates From the very moment you arrive, this magnificent oversized Victorian commands attention, a home brimming with soul, history, and undeniable presence. Sitting proudly on a rare quarter acre in prestigious Freeport Estates, framed by wide, tree lined streets and timeless village charm, this is where elegance, scale, and everyday convenience meet flawlessly. And now, with a dramatic price improvement from $886,000 to $849,999, it has become a once in a lifetime opportunity you cannot afford to miss. Step inside and be awed by four grand bedrooms, two oversized baths, and a full basement with soaring ceilings, blending historical grandeur with modern flexibility. The walk up third floor, featuring 10 foot cathedral ceilings, an additional built out room, and massive floored storage, invites your imagination: think private suite, creative studio, home office, or your dream retreat. The wraparound front porch stretches like an open embrace, perfect for slow mornings with coffee, golden-hour conversations, and evenings that linger a little longer. A new paver walkway guides you to a driveway that fits 4 6 cars side by side, practically its own boulevard,leading to a charming carriage,style garage tucked deep into 140 feet of property. Entertaining, celebrating, and making memories has never been easier. The fully fenced backyard is a blank canvas for your imagination: pool, cabana, fire pit, outdoor kitchen, lush gardens, or all of it, ready to become your private sanctuary. Inside, sunlight floods every corner, highlighting soaring 9 foot ceilings and warm architectural details that balance grandeur with inviting comfort. The dining room, anchored by a natural wood burning fireplace, sets the stage for unforgettable gatherings, while four separate exterior entrances create seamless flow, flexibility, and convenience for both daily living and entertaining. Beyond the home, the lifestyle is irresistible: walk to the LIRR Freeport Station, enjoy a short drive to the legendary Nautical Mile, and savor shops, restaurants, markets, and village amenities, all just steps away. Transit, dining, entertainment, and shopping are literally at your doorstep. Two graceful Victorian staircases lead to four generous bedrooms and an oversized family bath, while the third floor beckons with limitless potential, suite, sanctuary, or spectacular expansion. This is not just a home. It’s history, scale, location, and possibility wrapped into one extraordinary property. With this unprecedented price improvement, it’s a rare chance to own something truly remarkable. This isn’t just a house. It’s your next chapter. Your stage. Your HOME SWEET HOME. A property this unforgettable won’t wait, and neither should you.

Listing Status:

Active

Data Last Updated:

February 8, 2026 at 12:20AM

Listing Office:

HomeSmart Premier Living Rlty : 631-629-3630

MLS ID:

939858

Interior

• General: First Floor Full BathChefs KitchenEat-in KitchenEntrance FoyerFormal DiningGalley Type KitchenGranite CountersHigh CeilingsHigh Speed InternetLow Flow Plumbing FixturesNatural WoodworkOpen FloorplanOpen KitchenOriginal DetailsPantrySmart ThermostatStorageWalk Through KitchenWasher/Dryer Hookup
• Appliances: DishwasherDryerENERGY STAR Qualified AppliancesExhaust FanGas CooktopGas OvenMicrowaveOvenRefrigeratorStainless Steel Appliance(s)WasherOil Water Heater
• Basement: FullStorage SpaceUnfinishedWalk-Out Access
• A/C: Ductless
• Heating: Oil
• Fireplace: Family RoomFireplaceFireplaces: 1

Exterior

• General: Fire PitGardenLightingRain Gutters
• Style: Mini EstateVictorian
• Other Structures: Garage(s)Shed(s)
• Parking: DetachedDrivewayGarageOn StreetOversizedPrivateStorageParking spaces: 32

Construction

• General: Three Or More

Location

• Originating MLS: onekey2
• School District: Freeport
• County: Nassau County

Lot

• Zoning: 2009-55-384-00-0048-0
• Fencing: FencedPerimeterVinyl

Utilities

• Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedTrash Collection PublicWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2