Two partners of Long Island-based Gold Coast Property & Estate Management won the foreclosure auction for Oheka Castle in Huntington with a $71.8 million bid. The historic 22-acre property, previously owned by Gary Melius, is set for preservation under the new ownership following years of legal and financial challenges.

Oheka Castle in Huntington may soon have new owners. / Courtesy of Concierge Auctions

The Blueprint:

Partners of Gold Coast Property & Estate Management wins Oheka auction

Winning bid totals $71.8 million for historic Huntington property

Ronald Browning and Paul Alflen are pending purchasers

Taconic Capital Advisors sold Oheka after acquiring debt in 2023

Two partners of a newly formed Long Island company had the winning bid at Tuesday’s foreclosure auction of Oheka Castle.

Ronald Browning and Paul Alflen are the pending purchasers of the historic Huntington property after bidding $71.8 million, according to real estate industry sources.

Alflen, a resident of Merrick, confirmed that…