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161 Wallace StreetFreeport, NY 11520

For Sale

$849,999

Smart Buyer Rebate $8,500

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.

Listed by Briguitte Berrospi

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HomeSmart Premier Living Rlty

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631-629-3630

Listed by Ryan Dunne

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HomeSmart Premier Living Rlty

Last updated January 29, 2026

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Source: OneKey #939858

Listing Facts

  • TypeSingle-family
  • NeighborhoodFreeport
  • Bedrooms4
  • Bathrooms2
  • Days on Prevu60
  • Taxes$14,326/year
  • Size1,897 sqft
  • Price per sqft$448

Amenities

  • Dishwasher
  • Washer/Dryer
  • Parking

Location

Mortgage Calculator

Listing History

01/28/2026
Price Decreased
$849,999
01/16/2026
Price Decreased
$886,000
01/15/2026
Status changed to Active
$887,000
01/06/2026
Status changed to Pending
$887,000
01/05/2026
Status changed to Active
$887,000
01/05/2026
Price Decreased
$887,000
12/19/2025
Status changed to Pending
$888,000
12/07/2025
Price Decreased
$888,000
12/05/2025
Price Decreased
$890,999
12/03/2025
Price Decreased
$891,000
11/30/2025
Listed by HomeSmart Premier Living Rlty
$892,000

Property Details for 161 Wallace Street

Exterior

Construction

  • Property Condition: Actual
  • Year Built: 1909
  • Architectural Style: Mini Estate, Victorian
  • Construction Materials: Vinyl Siding
  • Exterior Features: Fire Pit, Garden, Lighting, Rain Gutters

Features

  • Fencing: Fenced, Perimeter, Vinyl
  • Other Structures: Garage(s), Shed(s)

Measurements

  • Building Area Total: 1,897
  • Building Area Units: Square Feet
  • Lot Features: Back Yard, Cleared, Front Yard, Garden, Landscaped, Level, Near Public Transit, Near School, Near Shops, Paved, Sprinklers In Front
  • Lot Size Acres: 0.25
  • Lot Size Dimensions: 80,150
  • Lot Size Square Feet: 12,000

Financial

Taxes

  • Parcel Number: 2009-55-384-00-0048-0
  • Tax Annual Amount: $14,326.00
  • Tax Year: 2026

Interior

Features

  • Appliances: Dishwasher, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Gas Cooktop, Gas Oven, Microwave, Oven, Refrigerator, Stainless Steel Appliance(s), Washer, Oil Water Heater
  • Fireplace Features: Family Room
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Interior Features: First Floor Full Bath, Chefs Kitchen, Eat-in Kitchen, Entrance Foyer, Formal Dining, Galley Type Kitchen, Granite Counters, High Ceilings, High Speed Internet, Low Flow Plumbing Fixtures, Natural Woodwork, Open Floorplan, Open Kitchen, Original Details, Pantry, Smart Thermostat, Storage, Walk Through Kitchen, Washer/Dryer Hookup

Measurements

  • Living Area: 1,897
  • Living Area Source: Other

Rooms

  • Basement: Full, Storage Space, Unfinished, Walk-Out Access
  • Has Basement: Yes
  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 4
  • Rooms Total: 10

Parking

Parking

  • Garage Spaces: 1
  • Garage: Yes
  • Parking Features: Detached, Driveway, Garage, On Street, Oversized, Private, Storage
  • Parking Total: 32

Schools

Elementary School

  • Elementary School: Caroline G Atkinson School
  • Elementary School District: Freeport

High School

  • High School: Freeport High School
  • High School District: Freeport

Middle or Junior School

  • Middle Or Junior School: John W Dodd Middle School
  • Middle Or Junior School District: Freeport

Utilities

Equipment

  • Cooling: Ductless
  • Heating: Oil
  • Other Equipment: Irrigation Equipment, Lawn Maintenance Equipment
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this single-family home have?

There are 4 bedrooms and 2 bathrooms in this single-family home at 161 Wallace Street.

What schools are nearby to 161 Wallace Street?

Nearby schools include the Caroline G Atkinson School Elementary School, John W Dodd Middle School, and Freeport High School.

Does this single-family home have parking?

Yes, there is 1 parking space available for 161 Wallace Street.

What are the annual taxes for 161 Wallace Street?

Annual taxes for this single-family home are estimated at $14,326.

How does 161 Wallace Street compare to other single-family homes in Freeport?

This single-family home is listed 24% above the average price for single-family homes in Freeport and has been on the market for 3 less days than the typical home in this area.

What is the square footage on this single-family home?

According to the MLS, this listing is 1,897 sqft.

161 Wallace Street is a 4-bedroom, 2-bath single-family home for sale in Freeport NY 11520. On Prevu for 60 days at $849,999. This includes a recent price decrease of $36,001. This home features 1,897 square feet of living space, located in Freeport. The median listing price for single-family homes in this area is $643,500. Nearby schools include Caroline G Atkinson School Elementary School, John W Dodd Middle School, and Freeport High School. The home offers dishwasher, parking, and washer/dryer. View other single-family home listings in New York.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.