Long Island Landmark: Oheka Castle Sold for $72 Million

The 1919 mansion in Huntington, New York, changed hands in late fall after a private auction process that concluded at a Manhattan hotel. The sale marks the end of an era for the property, which has long served as a local landmark and event venue in the Cold Spring Hills neighborhood.

Gold Coast Property & Management LLC purchased the estate for $72 million. The company is operated by Ronald Browning and Paul Alflen. Six other bidders participated in the 90-minute auction. The price tag reflects the value of the 443-acre property, though the active commercial portion occupies 21 acres north of Jericho Turnpike.

Gary Melius, an 82-year-old co-owner, acquired the castle in 1984. He spent approximately $60 million refurbishing the structure over the decades. Melius, who lives on the estate, owes roughly $60 million to a secured creditor and an additional $8 million to $10 million to unsecured creditors and for professional fees. He filed for federal bankruptcy protection last year to prevent a foreclosure sale and expects the sale proceeds to clear those debts.

Paul Alflen told the Long Island Press that the new owners are “very excited” to take over the site. He stated they plan to keep the castle as is. Alflen described the property as a “magical place” and said the team is looking at all options for its future. The new owners have agreed to honor weddings booked through March 31, 2028.

The Cold Spring Country Club, which holds property rights at Oheka, filed an application with the town in April 2023 to build 90 condominiums. Christine Geed, a town spokeswoman, said the application has been submitted but the town has not heard from the club since. Snyder, head of the Cold Spring Hills Civic Association, noted that residents are concerned about whether the club will seek approval to proceed. Country club officials did not return calls seeking comment.

The castle, built for financier Otto Herman Kahn, sits on the National Register of Historic Places. It includes a restaurant, catering hall, and a hotel with 34 guest rooms. Melius said he will continue to live at Oheka and may manage the grounds. The site has hosted film productions, including “Citizen Kane” and “The Great Gatsby,” and remains a gathering place for local officials and developers.

Snyder described the community reaction to the sale as mixed. She said it is sad that Melius is gone but believes residents will still use the castle for meetings and parties. Geed said the town is in a waiting game regarding the future development plans.