Once a famous seaside resort and fashionable residential area, named after Manhattan Island, many of its streets bear British names. It is located on a peninsula on the eastern end of Coney Island. Developed by Austin Corbin, President of the Long Island Rail Road, who opened the Manhattan Beach Hotel in 1877 and the Oriental Hotel in 1879. Among his usual hotel guests were the likes of William Vanderbilt and Diamond Jim Brady. In 1911, soon after many of the area racetracks closed, the Manhattan Beach Hotel was demolished. Manhattan Beach today is a lavish residential area, dotted with mansion-like homes, sitting atop huge parcels of land, with close proximity to the beach. Diverse opulence is the style, where tudors, colonials and elaborate, modern residences are in attendance. Some bungalows still remain, many of which have been refurbished.