Currently there is a variety of excellent rentals available, many of which in prior years would already have been rented at this point in the season. Perhaps a combination of cold and rainy weather, holidays and Shelter Island Town passing its Short Term Rental Regulation has had a ripple effect. Over the past several weeks, I gained interesting perspective about short term rentals, a topic Continue Reading
August and the Town on Short Term Rentals
The pace of real estate has increased as August has progressed, with showings, offers, properties going into contract, and, over the past week there were two properties that sold and closed. One closing was a 5,400 + /- sq. ft. harbor front in the estate section, two lots comprising three acres with over 525 ft. of shoreline, much of it sandy, bordered by a walkway and deck with a two story Continue Reading
The Rental Market
On 6/21/16 The Shelter Island Town Board discussed short term rentals, those generally less than two weeks in duration, following complaints from residents whose quality of life has been affected by noise from nearby rental properties. A bill passed by the New York State legislature this week makes it illegal to advertise an entire home on direct owner rental websites for 30 days or less. New Continue Reading