Oyster Bay first earned fame in the early 20th century, when President Theodore Roosevelt resided at his Sagamore Hill Estate. Other famous folks then found their way to what was known in the '20s as New York's Gold Coast, including insurance magnate W.R. Coe, Marshall Field III, Howard Gould, and Daniel Guggenheim. It's no surprise, then, that the Oyster Bay business area developed a reputation as a top shopping district. These days, dozens of high-end shops and upscale restaurants can be found in the pedestrian-friendly Main Street area.