Oheka Castle, the historic mansion located in Huntington, Long Island, is set to be sold at auction later this month, signaling a significant shift in the estate’s legacy. The sale, scheduled to conclude on October 27, will mark the end of the grand Gilded Age manor’s era as the property transitions from its Chapter 11 bankruptcy status to new ownership.

The auction is being conducted by Concierge Auctions and requires prospective buyers to submit a $750,000 deposit just to participate. The 113,000-square-foot mansion, once controlled by local developer and political figure Gary Melius, has been undergoing financial difficulties since Melius filed for bankruptcy last summer, aiming to manage creditor claims. The upcoming sale will discharge those claims as ownership changes hands.

The property spans 23 acres, with the easternmost five acres approved by the town of Huntington for the development of 95 luxury condominiums. These units are projected to sell for approximately $1.8 million each or higher, potentially generating substantial annual revenue for the buyer. The addition of these residential units may also trigger further condominium projects in the immediate vicinity of the Oheka estate.

Oheka Castle’s sale concludes a chapter for the storied manor, opening new possibilities for both preservation and development on one of Long Island’s most iconic sites. The transition underscores shifting dynamics in the region’s real estate market and the challenges of maintaining large historic estates in the current economic climate.