161 Wallace Street, Freeport, NY 11520

$849,999

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… Read More 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. Read Less

Listing Courtesy of HomeSmart Premier Living Rlty, 631-629-3630.

Listing Snapshot

Days Online

Last Updated

Feb 3, 2026

Property Type

Single Family Residence

Beds

Full Baths

Square Ft.

1,897

Year Built

1909

Property Tax

$14,326

MLS Number

939858

30 Days Snapshot Of 11520

$663k

+6%

(avg) sold price

+10%

homes sold

191

-4%

(avg) days on market

Snapshot

Area Map

Additional Details

Appliances & Equipment

Description: "Dishwasher", "Dryer", "ENERGY STAR Qualified Appliances", "Exhaust Fan", "Gas Cooktop", "Gas Oven", "Microwave", "Oven", "Refrigerator", "Stainless Steel Appliance(s)", "Washer", "Oil Water Heater"

Basement

Description: "Full", "Storage Space", "Unfinished", "Walk-Out Access"

Building

Area: 1897, Architecture: "Mini Estate", "Victorian", Building Area: 1897, Construction Materials: "Vinyl Siding", Levels: "Three Or More", Year Built: 1909

Cooling

Details: "Ductless"

Exterior Features

Features: "Fire Pit", "Garden", "Lighting", "Rain Gutters"

Fence

Description: "Fenced", "Perimeter", "Vinyl"

Fireplaces

Total Fireplaces: 1

Garage

Garage Spaces: 1.5

Heating

Heating: "Oil"

Lot

Features: "Back Yard", "Cleared", "Front Yard", "Garden", "Landscaped", "Level", "Near Public Transit", "Near School", "Near Shops", "Paved", "Sprinklers In Front", Acres: 0.25, Dimensions: 80 x 150

Parking

Parking Total: 32

Property

Description: "Irrigation Equipment", "Lawn Maintenance Equipment"

Utilities

Sewer: "Public Sewer", Water Source: "Public", Utilities: "Cable Connected", "Electricity Connected", "Natural Gas Connected", "Phone Connected", "Sewer Connected", "Trash Collection Public", "Water Connected"

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Debra A Chiappetta, Real Estate Broker

Debra A Chiappetta, Real Estate Broker