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Why are split-level homes on Long Island so expensive?

Very good friend just bought a home in Centerport Long Island (lived in NYC til now). It's a fine house -- a basic split-entry home, three beds, a couple of baths, small plot of land, surrounded by houses that are similar. He and his wife came into the city on Saturday and we got to talking about real estate ... He said he paid over 600k for his home. WHAT!? His house is fine, but it's small, not updated, etc. I do not mean to sound snooty. I just don't get why his house cost so very much. Is there something incredibly desirable about Long Island?

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