The summer real estate market on Shelter Island has been brisk indeed. The weeks leading to Memorial Day fast tracked certain transactions. In between beach and BBQs, customers, some of whom had been shopping for a home off the island, decided Shelter Island is a good place to invest their real estate dollars, and placed offers.
Here are a few highlights:
121 North Ram Island Drive, 2.6 acres on the bay with waterside pool, pool
cabana and tennis sold late spring at $4M, it had been listed at $4.575M
37D and 37F Westmoreland, 3 acres on West Neck Harbor with deep water
dock, dock house, boat house and sandy beach, sold 8/28/15 for $3.8M, it
had been last listed at $4.5M
33 Prospect Avenue in the Heights, a sound front on 2.2 acres built in 2005
with pool, sold 5/16/16 for $3.2M, it had last been listed at $3.5M
82 Gardiners Bay Drive, bayfront on a shy acre with waterside pool, sold
5/22/16 for $2.8M, at full price
2 Tuthill Drive, a one acre ranch on Coecles Harbor with dock, sold 4/14/16
for $1.9M, it had been last listed at $2.3M
32 Hilo Drive, a one acre bayfront traditional with dock, waterfront pool and
tennis, sold 6/3/16 for $1.79M, the last listed price was $2.05M
1 Bonnie Lane, a 2.1 acre 4,734 sq. ft. traditional sold 5/13/16 for $1.33M, it
had been last listed at $1.35M
25 Lake Drive, a traditional with pool on .4 acres, sold on 7/1/16 at $1.25M,
the listed price
5 Fred’s Lane, new construction with water views, sold for $1.15M on 5/2/16,
the listed price
7 Lake Drive, a 3,800 sq. ft. contemporary with gunite pool on shy acre, sold
6/22/16 at $1.1M, the last listed price was $1.195M
33 Tuthill Drive, a 1960s cottage with harbor views, sold 6/28/16 for $995K,
the listed price
47 North Midway Road, a 2 bedroom 1930s cottage with pool, sold 8/19/16
for $980K, the last listed price was $995K
12 Terry Drive, new construction on .5 acre with pool, sold 7/5/16 for $995K,
the listed price
27 Great Circle Drive, a contemporary with pool, sold 7/15/16 for $920K, the
last listed price was $990K
17 Crescent Way, a contemporary on .87 acre, sold 7/15/16 for $875K, the
last listed price was $879K
10 Dickerson Drive, a cape on .52 acre with deeded water access, sold 7/28/16
at $840K, it was last listed at $875K
1 Primrose Place, a ranch with pool, sold 6/29/16 for $855K, last listed at $875K
3 Peconic Avenue, a ranch on 1.1 acres, sold 6/27/16 for $850K, the listed price
12 Great Circle Drive, a ranch on 1.04 acres, sold 6/20/16 for $720K, it was
last listed at $749K
60 Cobbetts Lane, a split level on 1.1 acres, sold 6/3/16 for $710K, it was last
listed at $749K
7 Cozy Lane, a ranch with pool on one acre, sold 8/16/16 for $725K, it was
last listed at $745K
83 North Midway, a ranch with guest house on .75 acres, sold 7/3/16, it was
last listed at $699K
13 Strawberry Lane, a farmhouse on .46 acres, sold 6/17/16, it was last listed
at $675K
72 North Menantic Road, a 2 bedroom 1940 farmhouse on .77 acres, sold
8/30/16, it was last listed at $659K
11 Baldwin Road, a 1,544 sq. ft. ranch on one acre, sold 7/16 at $655K
17 Smith Street, a 4 bedroom bungalow on .84 acres, sold 5/10/16 for $535K,
it was last listed at $595K
89 North Ferry Rd, a 612 sq. ft. cottage, sold 6/29/16 for $340K, it was last
listed at $395K
Over the course of the summer, homes have been selling at or close to the listed price. For home buyers on the hunt, there continue to be good opportunities in all categories. Happy Labor Day to everyone!