'Wolf of Wall Street’ Former Home on Long Island Sells for $7 Million

Property Details

Located in the affluent enclave of Glen Head on Long Island’s North Shore, the estate sits on two manicured acres and offers over 8,700 square feet of living space.

The home includes five bedrooms and six bathrooms, a three-car garage, home gym, wine cellar, and a glass-encased racquetball court — one of its standout amenities. Outdoors, the property features a heated saltwater pool, outdoor kitchen, putting green, and even a treehouse nestled among mature landscaping.

The home’s most recent owners bought it in 2018 for $2.4 million, nearly $1 million below its prior asking price. They carried out a series of renovations while preserving elements that define its character, such as the original mahogany double doors and marble-floored dining room.

 

A Storied Past

During the 1990s, Belfort lived in the mansion with his then-wife Nadine Macaluso at the height of his financial empire. Following his conviction for securities fraud, the federal government seized the property and auctioned it off in 2001.

The home’s colorful history remains a draw for buyers seeking distinctive estates with name recognition. Today, Belfort works as a motivational speaker and is married to Argentine model Cristina Invernizzi. He owns property in Hermosa Beach, California, though reports suggest he relocated to Miami in 2021.

 

Location & Market Context

Glen Head, part of Nassau County’s Gold Coast region, has long attracted affluent buyers drawn to privacy, land, and proximity to Manhattan.
The off-market deal reflects growing demand for turnkey luxury homes with strong resale stories — a niche that continues to thrive even amid shifting market dynamics.

For brokers, the sale underscores the power of relationship-based transactions. Listing agent Joe Scavo of Douglas Elliman reportedly matched the buyers to the home during a tour of another property nearby — before the listing even hit the market.

 

What It Means for Investors & Landlords

• Luxury properties with historical or celebrity significance continue to command attention and premium pricing.

• Renovated suburban estates in established enclaves like Glen Head present stable, high-value opportunities as buyers seek more land and privacy.

• Off-market transactions highlight the importance of broker networks and targeted buyer relationships in today’s luxury segment.

As the Long Island high-end market remains steady, this $7 million sale reinforces that story-driven properties — combining scale, provenance, and lifestyle — retain strong appeal among affluent buyers.

 

The High-End Buyer

The Glen Head mansion’s sale embodies what continues to drive the ultra-wealthy New York buyer: privacy, exclusivity, and space to personalize.
With luxury demand resilient and storytelling now part of the sales strategy, the “Wolf of Wall Street” estate proves that a home’s history can be as valuable as its square footage.