America's Best Suburbs
Cold Spring Harbor, New York
Cold Spring Harbor, New York is a picturesque town from whaling days that is tucked off Long Island Sound 39 miles east of New York City, 1 hour away by train. Its Main Street is lined with stylish boutiques and quaint restaurants in former ship captains’ homes. Said one resident, a newcomer from the city, “It’s a community of cosmopolitan style and taste blended with small-town friendly.” Lifelong resident John Kean, a builder of luxury homes, said, “A lot of people grow up here and stay. It’s a rare community where the kids are not looking to get away, but hope to come back.”
Those kids no doubt hope to pass along to their kids the good schooling they got. CBS Money Watch placed Cold Spring Harbor third nationwide among the most attractive school districts for kids in elementary school. In the upper grades, in the high school’s sports program, the Cold Spring Harbor Seahawks football team beat Shoreham 42-20 to win the 2018 Class IV Long Island Football Championship.
Prominent Cold Spring Harbor High School alumni include actress and singer Lindsay Lohan, and Meg Whitman, who served as President and CEO of Hewlett Packard and was formerly President and CEO of eBay, which she grew from 30 employees and $4 million in annual revenue to more than 15,000 employees and $8 billion in annual revenue.
The population of eBay is three times that of Cold Spring Harbor’s 5,070 residents, a number that makes for an uncongested country setting. Winding tree-lined roads and hilly hiking trails define much of the town’s landscape. The 97-acre Uplands Farm Sanctuary has a trail that intersects with the 20-mile Nassau-Suffolk County Trail that’s part of the Long Island Greenbelt.
And, of course, there are the beaches. They line each side of the harbor and are nicely maintained for town residents to enjoy. Social events at the Eagle Dock Community Beach include clambakes and dancing under the stars. The Cold Spring Harbor Beach Club is an informal family club that has tennis courts and an active junior sailing program that for decades has used a fleet of diligently maintained 1930s Atlantics that the young sailors race around Cold Spring Harbor and Oyster Bay every summer weekend.
The Whaling Museum & Education Center on Main Street shows visitors the workings of what was once a major contributor to the Long Island economy, and helps the town keep in touch with its past. Over 6,000 artifacts are on display, including scrimshaw carved by whalers and a 19th century whaleboat complete with harpoons. The Museum says its mission is to “explore the cultural, scientific and environmental significance of Long Island and the sea.”
For live entertainment, the Paramount Theater in nearby Huntington presents a year-round variety of concerts, plays, comedy acts, children’s theatre and boxing.
The median price of homes currently listed in Cold Spring Harbor, according to Zillow, is $1,299,000. Home values in the town have gone up 4.6% over the past year and Zillow predicts they will rise 2.7% in the year to come.
For EB-5 investors considering the New York City area as a future home, Cold Spring Harbor is well worth investigating if small-town seaside living has appeal. It does to us – The LCP Group has offices just across Long Island Sound from Cold Spring Harbor. We would be pleased to share our knowledge of the area – its commercial, educational, and lifestyle features – and work with potential residents from overseas in getting them here. An introductory email to info@LiveInAmerica.us will receive a prompt response.