Labor Day 2016

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!