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Former Dowling College property in Oakdale is on the market again; asking price is $25M

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This picturesque real estate, once a part of the Dowling College campus along the Connetquot River, is up for sale for a cool $25 million.

The property, which includes the grand Idle Hour estate, is listed again at a discounted price, according to Mercury International LLC.

After filing for bankruptcy and shutting down in 2016, the property was sold to Mercury International for $26.1 million in 2017, according to a previous GreaterSayville report.

Prior to Mercury International’s acquisition of the land, it had been largely neglected since the sale, so Suffolk County planned to seize the unkept property.

The Oakdale campus resides on the land of the former William K. Vanderbilt Estate and is surrounded by residential development.

It was purchased in 1963 by Adelphi University and renamed Dowling College in 1968 after city planner and philanthropist, Robert W. Dowling, who provided a $3 million endowment at the time.

The property includes 235,450 square feet of university buildings, the 82,000-square-foot Vanderbilt Mansion, a 15,000-square-foot library, and a 42,000-square-foot, 200-plus room dormitory.

The listing states all offers are as is and the buyer must cover all broker commission fees.

Continue to follow GreaterSayville.com for updates on this developing story.

Top: Dowling College. Photo courtesy of the Loopnet.com listing page.