Live Feeds
● LIVE Updated 3h ago · 10 sources tracked

Long Island firm wins bid for Oheka Castle at foreclosure auction

A Long Island firm, Gold Coast Property & Estate Management, won the bid for Oheka Castle at a foreclosure auction for $72 million. The castle, a historic mansion in Huntington Town, has been used as a wedding venue and filming location, including Taylor Swift's 'Blank Space' music video. The new owners are Ronald Browning and Paul Alflen. The sale price is nearly half of its appraised value.

🎙️

Listen to Live Briefing

Real-time synthesized voice briefing · Live Feeds Desk

⏱ ~2 min
Speed:
RSS Source map (10)
⚡ Key Developments & Real-Time Context
Text size:
  • ✓ Oheka Castle was sold at auction for $72 million.
  • ✓ The winning bidders are Ronald Browning and Paul Alflen of Gold Coast Property & Estate Management.
  • ✓ The sale price is nearly half of its appraised value.
  • ✓ Gary Melius, who restored the castle, will stay on to live there.
🛡️ Source Corroboration: 10 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

The foreclosure auction was finalized with Gold Coast Property & Estate Management winning the bid.

Live updates

  1. Long Island firm buys Oheka Castle for $72M

    A Long Island firm, Gold Coast Property & Estate Management, won the bid for Oheka Castle at a foreclosure auction for $72 million. The castle, a historic mansion in Huntington Town, has been used as a wedding venue and filming location, including Taylor Swift's 'Blank Space' music video. The new owners are Ronald Browning and Paul Alflen. The sale price is nearly half of its appraised value.

    Why it matters

    Oheka Castle has been a prominent Long Island landmark and popular event venue for decades. Its sale marks the end of Gary Melius' 42-year oversight. The castle's new ownership could bring changes to its operations and usage.

    What is confirmed

    • Oheka Castle was sold at auction for $72 million.
    • The winning bidders are Ronald Browning and Paul Alflen of Gold Coast Property & Estate Management.
    • The sale price is nearly half of its appraised value.
    • Gary Melius, who restored the castle, will stay on to live there.

    What to watch next

    • Changes in Oheka Castle's operations and event offerings under new ownership
    • Any potential renovations or updates to the castle and its grounds
    • The impact of the new ownership on the local community and economy
    Sources used for this update (11)
    1. Newsday — Developers buy Oheka Castle for $72 million at auction
    2. People.com — Castle from Taylor Swift’s ‘Blank Space’ Finds a Buyer for $72 Million at Auction
    3. Long Island Business News — Long Island firm wins bid for Oheka Castle at foreclosure auction
    4. New York Post — Bankrupt LI wedding venue sells for $72M at private auction — nearly half of its appraised value
    5. NBC New York — Bankruptcy leads to $72 million auction for famed Long Island mansion
    6. nypost.com — Oheka Castle sells for $72M at auction - New York Post
    7. www.newsday.com — Oheka Castle sold for $72 million in private auction - Newsday
    8. libn.com — Long Island firm wins bid for Oheka Castle at foreclosure auction
    9. www.newsday.com — The Oheka Castle auction: What to know - Newsday
    10. www.nbcnewyork.com — $72 million auction for famous Long Island, NY castle – NBC ...
    11. goldcoastmansions.com — Oheka Castle sells at auction for $72 million; Gary Melius ...
    confidence 100%
📊

Community Sentiment: How do you assess this situation?

Voice your perspective · Real-time aggregated sentiment from the Live Feeds community