So long, New York: Why Bethenny Frankel says Miami is the 'new LA'

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  Published in Business and Finance on Saturday, February 14th 2026 at 23:12 GMT by Business Insider
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Bethenny Frankel Expands Long Island Footprint with \$2.5 Million 'Annex' Estate - A Deep Dive into the Area and Future Potential

Bethenny Frankel, the multi-hyphenate entrepreneur and television personality, has further cemented her presence on Long Island, New York, with the recent acquisition of a \$2.5 million property dubbed 'The Annex.' This purchase, while grabbing headlines due to Frankel's celebrity status, offers a fascinating glimpse into the burgeoning luxury real estate market outside of New York City and the appeal of Long Island's North Shore.

Frankel's investment is not merely a real estate transaction; it's a strategic addition to a portfolio that reflects both her personal lifestyle and business acumen. While details of her overall property holdings remain largely private, the acquisition of 'The Annex' suggests a continued commitment to the Long Island region, a locale known for its exclusivity and proximity to both the energy of New York City and the tranquility of coastal living.

The property, formerly owned by Lori Beth Faris, founder of Faris Consulting, a successful investment firm, already boasted a solid foundation of luxury and aesthetic appeal. Faris's background in business clearly translated into a thoughtful and considered transformation of the 5.75-acre estate. She didn't simply purchase land; she cultivated an environment that blended modern amenities with the natural beauty of Long Island. This speaks to a growing trend: properties are no longer simply places to live but carefully curated environments designed for relaxation, entertainment, and increasingly, remote work.

'The Annex' features a substantial footprint with its main house spanning approximately 4,200 square feet, complemented by a 1,500 square-foot guest house, a carriage house, and a barn. This configuration is particularly interesting. It's not just about size, but versatility. The separate structures offer flexibility - potential for rental income, housing extended family, creating home offices, or establishing art studios. This multi-functional aspect is increasingly attractive to buyers seeking properties that can adapt to changing needs.

The inclusion of amenities like a pool, patio, and meticulously landscaped grounds further enhances the property's appeal. These elements are no longer considered luxuries but rather necessities for attracting discerning buyers in the competitive Long Island market. The landscaping, in particular, suggests a focus on outdoor living, a trend accelerated by recent events and a desire for closer connections with nature.

Frankel's plans for renovation indicate a desire to personalize the space, injecting her signature style and functional design principles. While specifics remain under wraps, we can anticipate a transformation that blends sophistication with practicality. Given Frankel's known preferences, it's likely the renovation will emphasize open-concept living, high-end finishes, and perhaps even a focus on health and wellness, potentially incorporating a home gym or dedicated meditation space.

But what makes this location on Long Island so desirable? The area surrounding 'The Annex' is renowned for its privacy and scenic beauty. It's a sought-after community that attracts a mix of established families, high-net-worth individuals, and those seeking a respite from the city's hustle. The proximity to the water, combined with the lush greenery, creates an idyllic setting.

The Long Island real estate market, particularly in the North Shore region, has experienced significant growth in recent years. The pandemic fueled an exodus from New York City as people sought more space and access to the outdoors. While the initial surge has leveled off, demand remains strong, and prices continue to climb. Frankel's investment is therefore well-timed, and 'The Annex' is likely to appreciate in value.

Looking ahead, the potential for 'The Annex' extends beyond personal enjoyment. Given Frankel's entrepreneurial spirit, the property could also serve as a backdrop for content creation, events, or even a boutique hospitality venture. The guest house and barn offer intriguing possibilities for generating additional revenue streams. It will be interesting to observe how Frankel leverages this asset in the future. The acquisition of 'The Annex' represents more than just a purchase; it's a statement about lifestyle, investment strategy, and the enduring appeal of Long Island's luxurious enclaves.