Former Underhill estate for sale in Jericho

The Kennedys had their family compound, and now you can too.

An 18.64-acre property in Jericho, once part of the Underhill estate, is listed with Barbara Brundige and John Martin of Prudential Douglas Elliman Real Estate for $8.44 million. The price was reduced earlier this week from $9.799 million.

Brundige says that several large families have already looked at the estate, which includes a seven-room guest cottage with a gym, a housekeeper's cottage, two barns (one with a half-court basketball court on the second floor) and a home office over a three-car garage with heated floors. The main house, Brundige says, has undergone a $1 million renovation. There's also a heated pool and a tennis court.

Brundige says the estate is "like an arboretum" with many plantings and a waterfall near the tennis court. The property was once part of a 100-plus acre estate owned by the Underhill family since the 1700s, when Jericho was still a Quaker farming village. In the late 1970s, 81 acres adjacent to this property were purchased by the Tilles Investment Company, which later sold 50 acres to the state, county and town for preservation.

The current owners purchased these 18 acres from the Underhill family. The property consists of one 14-acre parcel and one 4-acre parcel, development rights included, Brundige says.