A stately waterfront estate with a fascinating history, panoramic harbor views, and its own private dock has just hit the market in Larchmont, New York, with a $16.75 million price tag.
Located at 1 Bay Avenue in the sought-after Larchmont Manor neighborhood, the Georgian-inspired brick Colonial occupies a prized waterfront setting overlooking Larchmont Harbor and Long Island Sound, with sweeping 270-degree views of the water.
And while the property has plenty going for it, from its sprawling grounds and waterfront gazebo to its connections to one of America’s best-known brewing families, its asking price is making news of its own.
If the estate sells for its full $16.75 million asking price, it could become the second-most expensive home sale ever recorded in Larchmont’s MLS history, according to the listing’s representatives.
The current record belongs to another waterfront property, 217 Hommocks Road, which sold for an impressive $19 million in August 2026.
The newly listed estate is represented by Linda Filby of Compass and offers seven bedrooms, seven bathrooms (six full and one half), and 7,502 square feet of living space.
But the real attraction here is the waterfront setting.
The property encompasses approximately 1.4 acres, according to the listing description, with expansive lawns, manicured gardens, and landscaped grounds stretching all the way to the shoreline.
A circular driveway leads to the stately brick residence, whose Georgian-inspired architecture, traditional proportions, and columned porches give it the appearance of a grand historic country estate.
Behind the house, the grounds open up to unobstructed views of the harbor, with a stone seawall tracing the shoreline and a charming waterfront gazebo providing a particularly scenic spot to enjoy the surroundings.
There’s also a private deep-water dock that can accommodate a 50-foot boat, making the property especially appealing to boating enthusiasts.
Expansive covered porches, complete with columns and rich wood-paneled ceilings, wrap around the waterfront-facing side of the residence, creating generous areas for outdoor dining, entertaining, and simply watching the boats come and go.
Inside, the home is every bit as grand as its exterior suggests, starting with a two-story entrance foyer anchored by a sweeping curved staircase.
The interiors favor classic architectural details over flashy contemporary finishes, with beautifully refinished white oak floors, elegant millwork, custom paneling, and multiple wood-burning fireplaces.
Large windows are a defining feature throughout the house, bringing in abundant natural light and keeping the harbor views in focus.
The main level includes several living and entertaining areas, including a formal living room with a music alcove, a fireplace, and access to the covered waterfront porch.
Another gathering space features built-ins, a large picture window, and its own fireplace, while the family room opens directly onto the porch and landscaped grounds through French doors.
There’s also a formal dining room and a spacious contemporary kitchen designed for both everyday cooking and entertaining.
The kitchen comes equipped with two islands topped with stone counters, a raised wood breakfast bar, a walk-in pantry, and a lineup of appliances from brands including Gaggenau, Sub-Zero, Wolf, Bosch, and Miele.
A sun-filled breakfast area overlooks the perennial gardens, while glass doors lead out to a side porch, extending the dining space outdoors.
Upstairs, the seven bedrooms are arranged across separate wings, providing plenty of privacy and flexibility for family members and guests.
The primary suite enjoys some of the property’s best water views, with walls of windows, a private balcony, a wood-burning fireplace, and a recessed tray ceiling.
It also features a custom walk-in closet and a marble bathroom with radiant heated floors, a freestanding soaking tub, double sinks, and a glass-enclosed shower.
Several additional bedrooms have their own water views, fireplaces, and ensuite bathrooms, while a dedicated home office with custom built-ins provides a quiet space to work.
The home’s renovated lower level adds another dimension to the property, with a gym, recreation areas, and a billiards room complete with a bar and direct access to the outdoors.
There’s even a workshop, along with additional storage and utility spaces.
Yet for all its amenities and impressive waterfront location, one of the estate’s most interesting features is something that can’t be seen in the listing photos: its history.
The property was once home to Frederick Maximilian Emile Schaefer, the former president of the F. & M. Schaefer Brewing Company, and his wife, Helene Hollis Schaefer.
The Schaefer name has a long history in American brewing, with the family’s Brooklyn-based company producing the once enormously popular Schaefer beer.
In 1934, Frederick and Helene transformed the Larchmont property into the stately Georgian-inspired brick Colonial that occupies the site today.
And the estate’s waterfront location wasn’t simply a matter of enjoying the scenery.
According to the property’s listing history, Frederick and his brother Rudolph were avid sailors who actually commuted by boat from the estate’s private dock to the family’s brewery in Brooklyn.
It’s a rather memorable alternative to the daily train commute, and one that speaks to just how closely the property was connected to the water.
Helene Schaefer also established a tradition that became familiar to local sailors: raising the American flag each day.
Over time, the flag became a recognizable landmark for boats entering Larchmont Harbor, adding another chapter to the property’s maritime history.
Today, the estate retains much of that connection to the harbor, with its private dock, waterfront gazebo, and expansive outdoor spaces still making the most of its coastal location.
Beyond the property itself, the home sits in Larchmont Manor, a desirable residential enclave in Westchester County known for its historic homes, waterfront surroundings, and proximity to New York City.
Larchmont Manor Park and Beach is nearby, while the village’s shops, restaurants, train station, and local schools are within walking distance, according to the listing.
Several beach and yacht clubs are also located in the surrounding area, further adding to the neighborhood’s appeal among boating and sailing enthusiasts.
With its impressive waterfront frontage, distinctive history, and $16.75 million asking price, 1 Bay Avenue is now among the most expensive homes on the market in Larchmont.
Whether it will ultimately become the village’s second-highest recorded sale remains to be seen.
But between its nearly panoramic water views, private boating access, and century-spanning ties to the Schaefer brewing family, the estate certainly has an interesting story to tell.
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