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Off market
  • $4,977,900

    16 Margarets Dr, Shelter Island, NY 11964

    4beds
    2,800sqft
    SingleFamily
    Built in 1979
    1 Acres Lot
    $4,977,900 Zestimate®
    $1,778/sqft
    $7,961 Estimated rent

    Home value

    $4,977,900

    $4.48M - $5.48M

    $7,961/mo

    Zestimate® history
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    $7,961/mo

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    $34,478/mo

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    $34,478/mo

    Est. payment

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    What's special

    Pool houseFireplaceQuiet streetSunset views

    World-renowned Heiberg Cummings have brought their magic to Shelter Island. An inspired masterpiece of design, The Landing is situated on a western facing waterfront acre on a quiet street. The farmhouse is designed to blend seamlessly with its setting, surrounded by beachy landscape with fine-textured ornamental grasses, beds with low bamboos, and tall perimeter pines ensuring privacy. This wonderful home has 4 bedrooms, all en suite, and 4 full baths with radiant-heated floors. Sunset views from the master suite are spectacular. All the floors are of reclaimed barn flooring, interior walls are stucco, and the living room features a dramatic cathedral ceiling, magnificent sunset views and a beautiful stucco fireplace. The living and dining rooms both have beamed ceilings, and the kitchen island is a reclaimed workbench. The kitchen, dining room and terrace all present water and sunset views. Sinks throughout the home are concrete, with gunite faucets. Closets have sliding barn-style doors and all are lit. The master suite includes a bath with trough sink, glass shower and radiant heated flooring. A guest suite in a separate wing affords privacy; a window seat in the bedroom overlooks the pool below. Downstairs is a library/screening room, two en-suite guest rooms with water view and glass doors to the grounds. Luxuriate in the spa with steam shower which also opens to the outdoors. Outdoor spaces are designed to perfection, with no detail left unconsidered. There's a deep water dock, a waterside 55' heated saltwater gunite pool with automatic cover, a pool house with skylit bar, and a fire pit, all executed with Heiberg Cummings inimitable panache. Patios on two levels overlook the water, and there's not just an outdoor shower but also an outdoor bathtub. Vignettes of outdoor seating are designed for entertaining, illuminated by gas lights, with magical moon lights shining down through the trees. Experience the special delights of the evenings here. Shelter Island is a boater's paradise surrounded by bays and beaches - and its pastoral feeling will never change. Enjoy afternoons at Sunset Beach, the Ram's Head Inn, the many special restaurants, antique stores, the beloved Marie Eiffel Market - all await you.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Forced air, Radiant, Propane / Butane
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Range / Oven, Washer
    Features
    • Flooring: Hardwood
    • Basement: Slab
    • Has fireplace: Yes
    • Fireplace features: Propane Stove
    Interior area
    • Total interior livable area: 2,800 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    Features
    • Patio & porch: Deck
    • Exterior features: Wood
    • Pool features: Gunite, In Ground, Heated, Salt Water
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Bay
    Lot
    • Size: 1 Acres
    Details
    • Additional structures: Pool House
    • Parcel number: 0700018000200041000
    • Lease amount: $0

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary
    Materials
    • Wood
    • Roof: Asphalt
    Condition
    • Year built: 1979
    • Major remodel year: 0

    Utilities & green energy

    • Electric: Amps(0)
    • Sewer: Private septic
    • Water: Well

    Community & HOA

    Location
    • Region: Shelter Island

    Financial & listing details

    • Price per square foot: $1,778/sqft
    • Tax assessed value: $4,075,000
    • Annual tax amount: $9,497

    Price history

    DateEventPrice
    2/28/2022Sold$4,500,000-5.3%$1,607/sqft
    Source: Public Record Report a problem
    10/27/2021Listing removed--
    Source: NY State MLS Report a problem
    10/6/2021Listed for sale$4,750,000+131.7%$1,696/sqft
    Source: NY State MLS #11028545 Report a problem
    9/26/2019Sold$2,050,000-7.9%$732/sqft
    Source: OneKey® MLS as distributed by MLS GRID #L3124137 Report a problem
    8/16/2019Pending sale$2,225,000$795/sqft
    Source: Daniel Gale Sotheby's Int'l Realty #344154 Report a problem
    5/10/2019Price change$2,225,000-11%$795/sqft
    Source: Daniel Gale Sotheby's Int'l Realty #344154 Report a problem
    5/1/2019Listed for sale$2,500,000+112.8%$893/sqft
    Source: Daniel Gale Sothebys Intl Rlty #3124137 Report a problem
    6/8/2012Sold$1,175,000-13%$420/sqft
    Source: Public Record Report a problem
    2/22/2012Price change$1,350,000-3.2%$482/sqft
    Source: Daniel Gale Associates Inc #2365131 Report a problem
    7/21/2011Price change$1,395,000-3.8%$498/sqft
    Source: Daniel Gale Associates Inc #2365131 Report a problem
    5/19/2011Price change$1,450,000-4.9%$518/sqft
    Source: Daniel Gale Associates Inc #2365131 Report a problem
    3/21/2011Price change$1,525,000-4.7%$545/sqft
    Source: Daniel Gale Associates Inc #2365131 Report a problem
    7/3/2010Listed for sale$1,600,000$571/sqft
    Source: The Corcoran Group #24961 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $4,075,000 +82.3%
    2024-- $2,235,000 +3.5%
    2023-- $2,160,000
    2022-- $2,160,000
    2021-- $2,160,000 +41.1%
    2020-- $1,531,000 +0.3%
    2019-- $1,527,000 +0.4%
    2018-- $1,521,000 +3.1%
    2017$9,021 $1,475,000 -1.5%
    2016-- $1,498,000 +7%
    2015-- $1,400,000 +6.1%
    2014-- $1,319,000 +1.5%
    2013-- $1,300,000 -3%
    2012-- $1,340,000 -5%
    2011-- $1,410,000 +0.7%
    2010-- $1,400,000 -10%
    2009-- $1,556,000 -1.1%
    2008-- $1,573,900 +6.4%
    2007$7,557 -8%$1,479,600 +21%
    2005$8,214 +9.1%$1,223,000 +17%
    2004$7,532 +15.9%$1,045,200 +18.9%
    2003$6,501 +21%$878,800 +87%
    2002$5,372 $470,000
    2001-- $470,000 +6.8%
    2000$4,640 $440,000
    Find assessor info on the county website

    Neighborhood: 11964

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Shelter Island

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $4,977,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $4,977,900