Penelope Moore

During a Socially Distanced Thanksgiving, an Abundance of Gratitude – Thanksgiving 2020

Since the springtime, the real estate market on Shelter Island has continued to be robust. As I predicted in my early summer market report, there has been a veritable tsunami of closings since Labor Day. After the 2016 Presidential election and then the December 2017 SALT tax reform, in 2018 the real estate market here had flattened, with the highest sale that year a little over $2M. It has since been steadily recovering, and at the beginning of 2020 there was a healthy selection of properties for buyers to choose from.

Here is a selection of sold homes since October 1, 2020

42 Gardiners Bay Drive – an 8,474 sq. ft. bayfront on 6.6 acres with pool, tennis, guest house, listed 5/18/20 for $11.175M sold 11/6/20 for $10.25M
5 Winthrop Road – a harborfront colonial on 2.1 acres with guest house, pool and dock, listed 7/14/20 for $9.25M, sold 10/14/20 for $9M
5 Nostrand Parkway – a 5,431 sq. ft. colonial with deepwater dock and tennis on 3.1 acres, listed 5/15/19 for 9.25M, sold 10/19/20 for $7.5M
85-90 Ram Island Drive – a 3,500 sq. ft. bayfront with pool, guest house and separate harborfront strip, listed at $5.85M, sold 11/20/20 for $4.7M
23 Fred’s Lane – a harborfront traditional built 2017 with pool and dock, sold 10/20/20 for $4.35M
31 Westmoreland Drive – a modern harborfront with dock on 2.1 acres, last listed 6/20/19 for $3.95M, sold 10/7/20 for $3.75M
59 Tuthill Drive – a harborview ranch on 1.8 acres with easement to water, pool and cabana, listed 10/12/20 for $3.75M, sold 11/23/20 for $3.675M
8 Gardiner Way and 15A Shore Road – an 1887 Victorian with pool and separate waterfront strip with dock on 1.5 acres, listed 5/27/20 for $3.475M, sold 11/12/20 for $3.5M
5 Chequit Avenue – a 3,468 sq. ft. Victorian on .37 soundfront acres, listed 6/11/20 for $2.85M, sold 10/9/20 at the listed price
14 Margarets Drive – a 4,941 sq. ft. traditional creekfront with dock and pool on .96 acres, listed 1/27/19 sold 11/13/20 for $2.835M
18 Margarets Drive – a 3,185 sq. ft. contemporary on 1.15 acres, listed 6/19/20 sold 11/17/20 for $2.2M
52 South Midway Road – an 1,842 sq. ft. creekfront farmhouse with dock, listed 3/2/20 at $1.695M, sold on 10/7/20 for $1.575M
4 Sandpiper Road – a contemporary on .59 acres with pool, listed 7/25/19 for $1.495M, sold 11/5/20 at the listed price
152 North Ferry Road – a 2,000 sq. ft. renovated farmhouse on 2 acres with accessory building, pool and deeded creek rights, listed on 8/20/20, sold 11/19/20 for $1.482M
157 North Ferry Road – a 4,183 sq. ft. eight bedroom farmhouse with pool listed 2/26/20, sold 11/12/20 for $1.39M
22 New York Ave – a renovated 1890 Victorian on one acre, listed 1/31/20 for $1.295M, sold 11/2/20 for $1.275M
46 Lake Drive – a 1,660 sq. ft. renovated contemporary on .65 pond front acres, listed 6/20/20 for $1.25M, sold 11/20/20 for $1.175M
17 Tims Trail – a 1,639 sq. ft. contemporary bordering preserve on .5 acres with pool and 500 sq. ft. finished basement, listed 8/3/20 for $1.049M, sold 10/6/20 for $990K
2 Rebel Road – a renovated 1,596 sq. ft. ranch on .62 acres with pool and 800 sq. ft. finished basement, listed 6/25/20 for $985K, sold 11/23/20 at the listed price
10 Petticoat Lane – a 1,303 sq. ft. ranch on .57 acres with barn and gardens, listed 5/23/20 sold 10/21/20 for $945K
33 New York Avenue – a 2,975 sq. ft. traditional on .46 acres, listed 3/29/19, sold 11/20/20 for $885K
13 Hilo Drive – a 1,728 sq. ft. contemporary on one acre with dock rights, listed 3/13/20, sold 10/8/20 for $850K
8 Fox Hollow Run – a 2,425 sq. ft. contemporary on .96 acres, sold 9/23/20 for $780K
31 New York Avenue – a 2,420 sq. ft. contemporary on 1.06 acres, listed 3/9/20 for $799K, sold 10/27/20 for $775K
42 New York Avenue – a 1,998 sq. ft. Victorian on .10 acres, last listed at $790K, sold at full listed price on 10/19/20
142D Orchard Road – an 885 sq. ft. cottage on .32 acres with deeded creek rights, listed 6/30/20, sold 10/16/20 for $585K
13 Bowditch Road – a 1,266 sq. ft. ranch on .31 acres, listed 9/16/19 for $599,900, sold 10/20/20 for $599K
15 Terry Drive – a .5 acre vacant lot with association waterfront park, listed 8/8/20 for $449K, sold 10/9/20 for $425K
8 Hillside Drive – a 1.1 acre vacant lot with dock rights, listed 5/20/20 at $400K, sold 10/27/20 for $345K

This season, gratitude has been more than an attitude, it’s become a daily way of life. There is renewed hope in the real estate market today: from sellers who have seen an appreciative audience, to buyers happily ensconced in their new nests, to real estate agents, like myself, who have been productive. This Thanksgiving, with my mother lost to Covid-19, there is one empty chair at our family dinner table. But the gifts of good will, confidence, trust and kindness from my loyal clients and customers and friends buoy my spirit, and these are the valued relationships that I treasure even more so this year.