Thanksgiving 2021 on Shelter Island

This Thanksgiving season, there is much for us to be thankful for, as we finally see light at the end of the pandemic. With transactions on Shelter Island at an all-time high, Buyers and Sellers are also thankful this time of year.

Here are a selection of recent transactions:

• 10 Lari Lane, a 5,161 sq. ft. estate home on 3.2 acres with carriage house, pool cabana and dock listed 4/24/21 for $11.995M and sold 9/27/21 for $11.575M
• 40B Stearns Point Road, a 4,973 sq. ft. water view on 3.7 blufftop acres with pool and association beach, listed 7/19/21 for $6.15M and sold 11/1/21 for $6M
• 15 Montclair Avenue, a 4,900 sq. ft. harborfront renovated in 2014 with guest house, pool and dock, listed 1/13/19 for $5.3M, sold 11/15/21 for $4.9M
• 7 Lari Lane, a 4301 sq. ft.  harborfront on 2.3 acres with dock, sold 9/29/21 for $3.75M
• 18-20 Tuthill Drive, a 5 bedroom cottage on 1.06 acres built 1930 with deep water dock, listed for $3.5M on 3/12/21, sold 9/14/21 for $3.5M
• 2 Cobbetts Lane, a 6 bedroom traditional built 2009 on 2.03 harbor view acres, sold 9/8/21 for $3.495M
• 10 Tarkettle Drive, a 2,772 sq. ft. creekfront on .39 acres with dock, listed 7/16/21 for $2.95M, sold on 10/31/21 for $2.75M
• 24 South Midway Road, a 3 bedroom creekfront on .75 acres renovated in 2018 with carriage house and dock, listed 11/25/20 for $2.75M and sold 10/8/21 for $2,608,125
• 33 Westmoreland, a 2,763 sq. ft. waterfront contemporary on 1.61 acres with pool, listed for $2.65M on 2/28/20, sold on 11/4/21 for $2.525M
• 47L South Ferry Road, a 1950’s two bedroom harborfront cottage, listed 1/15/21 for $2.195M, sold for $2.251M on 9/2/21
• 1 Brander Pkwy, a 3446 sq. ft.  contemporary on one acre with guest house and pool, listed for $1.975M and sold 9/29/21 for $1,812,500
• 47 Shore Road, 1.56 acres vacant land with water view and association beach, listed 7/17/21 for $1.675M, sold 8/26/21 for $1.641M
• 56 Lake Drive, a renovated 1872 sq. ft. mansard cottage with pool on .5 acres, listed 5/6/21 for $1.395M, sold 10/21/21 for $1.395M
• 148D North Ferry Rd, a 2 bedroom, 2 bath traditional with creek access, listed 6/19/21 for $1.395M and sold 9/8/21 for $1.38M
• 3 Strawberry Lane, a 3004 sq. ft. traditional on .5 acres with pool and pool cabana, listed 6/28/21 for $1.495M, sold 9/23/21 for $1.32M
• 5 Heritage Drive, a 3 bedroom, 2 bath mid century modern with pool, listed 4/17/21 for $1.395M, sold 10/21/21 for $1.2M
• 15 Baldwin Road, a 1929 bungalow on .78 acres with guest cottage, sold 10/29/21 for $1.15M
• 5 Lakeview Drive, a 3 bedroom, 2 bath contemporary on .83 acres, listed $898,200 and sold on 9/3/21 for $999K
• 59 West Neck Road, a 3 bedroom, 3 bath renovated ranch on .5 acres, listed 8/15/21 for $974K and sold 10/26/21 for $950K
• 5 Tuthill Drive, a 1.6 acre water view parcel, listed 12/14/20 for $950K, and sold 10/22/21 for $920K
• 133 North Ferry Road, a 2 bedroom 1.5 bath cottage on 1.53 acres, listed 8/17/21 for $915K and sold 10/29/21 at the listed price
• 5 Mimosa Drive, a 4 bedroom contemporary on .46 acres, listed 7/26/21 for $895K, sold 11/16/21 for $905K
• 84 West Neck Road, a 1910 farmhouse on .28 acres, listed 8/9/21 for $895K and sold 11/4/21 at the listed price
• 84 North Cartwright Road, a 2 bedroom, 1 bath ranch on .76 acres, listed $749K on 3/19/21 and sold on 8/27/21 for $735K
• 70 South Ferry Road, a 4 bedroom old style Cape Cod, listed 8/16/21 for $798K and sold 10/29/21 for $720K
• 22 West Neck Road, a 2 bedroom, 2 bath ranch on .57 acres listed 5/12/21 for $722K and sold 8/8/21 for $675K
• 104 South Ferry Road, a 3.4 acre flaglot, listed 5/14/20 for $589K, sold 9/1/21 for $550K
• 30 Country Club Drive, a .93 acre vacant parcel bordering golf course, listed 3/8/21 for $550K and sold 11/1/21 for $495K

With limited inventory and prospective buyers still in the market, listings that present well to the eye and in well maintained condition are sought after, although on the other end of the equation, listings in need of a face lift are being purchased by buyers keen to renovate and flip. Demand for vacant land has also had a resurgence, in particular, parcels that are level, with waterfront or water view. Builders are coming back to the market with an eye to construct spec homes and in a few instances, spec homes have gone to contract before breaking ground.

This Thanksgiving I am truly grateful to my clients, customers, friends and neighbors who make my work in real estate possible. As we enter the holiday season, I wish everyone good health, happiness and peace. 

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