Houlihan Lawrence has listed the former Oakledge Mansion, an 11,000-square-foot Bronxville home at 5 Oakledge Road, for $14 million.
The property, which was featured in Elle Décor, was originally built in 1870 for Bronxville magnate John Masterton by his father Alexander Masterton, reimagined by Lewis Bowman, and recently transformed by acclaimed architect Boris Baranovich. It includes six bedrooms, six full baths, four powder rooms, multiple fireplaces, and a lower level with a climate-controlled wine cellar, gym, and creative studio.
According to the Bronxville Historical Conservancy, in 1884 Masterton was arrested and soon lost his house and all his assets for using depositors’ money for speculating in mining stocks. Later owners, generous philanthropists, became well-known for lending the house to the community’s Red Cross chapter to do war work both before and during World War II.
As a result of a fire in the 1920s, architect Lewis Bowman did a massive reconstruction and changed the look of the house. The original three-story, plain, square, stone construction (with walls nearly 18 inches thick), had a mansard roof with dormers and a first-floor columned porch that surrounded the house.
Today’s interiors were designed by the world-renowned designer Steven Gambrel.
Known for its privacy and beautifully landscaped grounds, the award-winning landscape architect James Doyle designed the property that blends historic pedigree with refined modern living.
The village of Bronxville last assessed the property’s value at $10,500,000 in 2025, according to Houlihan Lawrence. The annual taxes on the property is $220,524.
