Shelter Island Market Reports

Easter – Passover During the Pandemic 2021 – April 1, 2021

Branch of sakura with flowers. Cherry blossom branch with petals falling isolated on white. Vector

With the coming of Spring, there is a palpable feeling of light at the end of the tunnel, with Covid vaccines more accessible to a broader age range in our area. Throughout the pandemic, many real estate agents have felt the fear of exposure to the virus at each in-person appointment. Vigilance for the safety of ourselves and our contacts continues, as does the robust market that rose in the late Spring of 2020 of home buyers seeking a special place on Shelter Island.

With limited inventory and pent up demand to purchase, multiple offers have become commonplace, and with a spill-over effect to vacant land listings, many of which have been on the market for five years or more. Here are selected properties that sold from 12/1/20 to the present:

  • 7 Apple Orchard Lane, a 6 bedroom, 7 bath waterfront with pool, dock and cabana, listed 3/10/16, last listed at $9.495M sold 3/18/21 for $9.1M
  • 22 Merkel Lane, a 4 bedroom, 4 bath 6,228 sq. ft. waterfront with pool, listed 9/16/16, last listed at $4.195M, sold 12/4/20 for $3.85M
  • 32 Little Ram Island Drive, a 3 bedroom, 2.5 bath harborfront with pool and guest house, listed 7/25/20, last listed at $3.85M, sold 12/17/20 for $3.1M
  • 22 Peconic Avenue, a 1,268 sq. ft. ranch on two bayfront acres, listed 1/24/18, last listed at $3.75M, sold 12/15/20 for $3.6M
  • 13A Westmoreland Drive, a 5 bedroom traditional creekfront with pool and dock, listed 3/26/20 at $3.35M, sold 3/22/21 for $3.26M
  • 82 Gardiners Bay Drive, a 3,800 sq. ft. contemporary on .87 acres with pool, listed 7/28/20, last listed at $3.25M, sold 12/21/20 for $2.8M
  • 140 Ram Island Drive, a traditional on 1.8 acres with pool, listed 1/16/19 for $2.85M, sold for $2.75M on 2/17/21
  • 169 Ram Island Drive, a 4,425 sq. ft. bank owned home on 2.5 acres with pool site, listed 10/11/19 for $2.75M, sold 1/25/21 for $2.58M
  • 50 Dinah Rock Road, a 6 bedroom 3,218 sq. ft. water view traditional with pool, new construction, listed 6/5/20 and sold 12/23/20 for $2.475M
  • 2 Hagar Road, a 4 bedroom, 2,582 sq. ft. cottage with dock and pool on .52 creekfront acres listed 10/28/20 for $2.35M, sold 3/5/21 for $2.2M
  • 58 Lake Drive, a 2,090 sq. ft. contemporary with pool on 1.1 acres, listed 10/5/20, sold 12/15/20 at listed price of $1.61M
  • 7 Dickerson Drive, a 4 bedroom, 3 bath 2,094 sq. ft. creekfront traditional, listed 1/15/21 for $1.395M, sold 3/26/21 for $1.275M
  • 73 North Midway Road, a modern ranch on .88 acres with 4 bedrooms, listed 6/5/20 and sold 12/4/20 for $1.385M
  • 51 Peconic Avenue, a 3 bedroom 2,067 sq. ft. water view ranch on .52 acres  built 1966, listed 10/15/20, sold 1/6/21 for $1.35M
  • 1 Valley Road – a 4 bedroom, 3 bath 2,200 sq. ft. traditional with pool and day dock, listed 7/1/19, sold 12/10/20 for $1.349M
  • 6 Sandpiper Road – a 3 bedroom, 2.5 bath ranch, 1,601 sq. ft. on .47 acres with pool, listed 10/14/20, sold 2/26/21 for $1.1M
  • 5 Quail Run – a 4 bedroom, 3 bath, 2,690 sq. ft. cape on one acre, listed 7/13/20, sold 12/1/20 for $1.070M
  • 13 Dinah Rock Road, a 4 bedroom, 2.5 bath contemporary bordering golf course listed 6/2/20, sold 12/17/20 for $895K
  • 24 Ram Island Road, a 2 bedroom, 2.5 bath cape, 1,519 sq. ft. built 1770 on 1.4 acres, listed 9/29/20 for $999K and sold 1/15/21 for $975K
  • 2 Tim’s Trail, a 3 bedroom, 2 bath ranch, 1,456 sq. ft. with pool on .5 acres, listed 9/24/20 sold 12/18/20 for $860K
  • 3 Wade Road, a 3 bedroom, 2 bath recently renovated high ranch 1,785 sq. ft. on .62 acres, listed 12/13/18 for $775K, sold 2/4/21 for $812K 
  • 8 Ole Buck Run, a 3 bedroom, 2 bath ranch 1,330 sq. ft. on .62 acres, listed 12/13/18 for $799K, sold 2/4/21 for $750K
  • 6 South Street, a vintage 1920 carriage house on .18 acres, listed 5/31/17 and sold 12/18/20 for $745K

This Easter-Passover season, customers searching for a home on Shelter Island almost seem to consider a quote from artist Henri Matisse, “There are always flowers for those who want to see them.” Let the blossoming begin!

 

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