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Off market
  • $6,044,800

    20 Prospect Ave, Shelter Island, NY 11964

    7beds
    5,000sqft
    Single Family Residence
    Built in ----
    1.2 Acres Lot
    $6,044,800 Zestimate®
    $1,209/sqft
    $6,756 Estimated rent

    Home value

    $6,044,800

    $4.96M - $7.50M

    $6,756/mo

    Zestimate® history
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    What's special

    Introducing Aquarelle at 20 Prospect Ave, an iconic piece of Shelter Island Heights history. Built in 1883, this distinguished home holds a cherished place among the original residences in this esteemed neighborhood, now classified as a national historic district. Stepping onto Prospect Avenue, once known as Divinity Hill, you'll find yourself transported to a time when Methodist ministers from New York flocked to this area in the late 1800s to worship at the Union Chapel in the Grove. These devout individuals constructed the houses along Divinity Hill, including 20 Prospect Ave. Originally, these homes did not have kitchens, as residents would either gather at the Chequit Inn for communal meals or have their meals delivered by donkey cart. One notable feature of this remarkable property is its expansive porch, which served as a sleeping porch during hot summer nights long before the invention of air conditioning. The architectural details evoke a sense of nostalgia, connecting you to the past while offering modern comforts. Named Aquarelle by its current owners, this home carries the essence of watercolor, paying homage to the owner's acclaimed career as a renowned watercolor artist. Every corner of this residence is imbued with creativity and inspiration. Additionally, the lower level offers a separate finished living space boasting abundant water views, kitchenette & bath, which can be utilized as a guest apartment or home office. Now, this historic gem stands as an extraordinary opportunity for the discerning buyer. Experience the rich heritage of Shelter Island Heights while shaping the future of this exceptional property. Embrace the chance to own a piece of history and create a masterpiece of your own.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Source: Out East,MLS#: 375025

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 6
    • Full bathrooms: 6
    Rooms
    • Room types: Family Room, Laundry
    Features
    • Has fireplace: Yes
    Interior area
    • Total structure area: 5,000
    • Total interior livable area: 5,000 sqft

    Property

    Parking
    • Parking features: GarageDetached
    • Has garage: Yes
    Features
    • Has private pool: Yes
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Waterfront
    • Frontage type: Waterfront
    Lot
    • Size: 1.2 Acres
    Details
    • Parcel number: 0700005000400004000

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: No

    Community & HOA

    Location
    • Region: Shelter Island

    Financial & listing details

    • Price per square foot: $1,209/sqft
    • Tax assessed value: $4,800,000
    • Date on market: 3/1/2024
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    6/11/2024Listing removed$5,450,000$1,090/sqft
    Source: Out East #375025 Report a problem
    9/11/2023Price change$5,450,000-8.4%$1,090/sqft
    Source: Out East #375025 Report a problem
    7/3/2023Listed for sale$5,950,000$1,190/sqft
    Source: Out East #375025 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $4,800,000 +47%
    2024-- $3,265,000
    2023-- $3,265,000
    2022-- $3,265,000
    2021-- $3,265,000 +0.1%
    2020-- $3,262,000 +0.2%
    2019-- $3,254,000 +0.2%
    2018-- $3,248,000 +2.6%
    2017$19,264 $3,167,000 +1.8%
    2016-- $3,110,000 +7.4%
    2015-- $2,895,000 +5.9%
    2014-- $2,735,000 +3%
    2013-- $2,655,000 +0.8%
    2012-- $2,635,000 -1.3%
    2011-- $2,670,000 +0.1%
    2010-- $2,667,000 -10.2%
    2009-- $2,969,000 -1.1%
    2008-- $3,002,000 +0.8%
    2007$15,204 +13.2%$2,977,000 +48.9%
    2005$13,433 +9.2%$2,000,000 +17.2%
    2004$12,297 -2.6%$1,706,300
    2003$12,623 +50.3%$1,706,300 +127.5%
    2002$8,398 $750,000
    2001-- $750,000
    2000$7,982 $750,000
    Find assessor info on the county website

    Neighborhood: 11964

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $6,044,800
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    Estimated market value
    $6,044,800