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For sale
  • $3,250,000

    28 Lake Dr, Shelter Island, NY 11964

    3beds
    2,299sqft
    Loading
    Single Family Residence
    Built in 1998
    1.19 Acres Lot
    $3,170,300 Zestimate®
    $1,414/sqft
    $-- HOA

    What's special

    Renovated bathroomsFireplace with custom built-insRefreshed exteriorsRefinished floorsFreshly painted interiorsGabled rooflinesGravel circular drive
    Set on 1.19A± acres overlooking Fresh Pond, this traditional offers privacy, an elevated position overlooking the water, and southwest-facing light with sunset views. Largely hidden from the road, the property enjoys a quiet setting above one of Shelter Island's treasured glacial freshwater ponds. A gravel circular drive approaches the cedar-shingled façade, framed by established landscaping and gabled rooflines. The interior has been updated in 2026, including refinished floors, renovated bathrooms, refreshed exteriors and freshly painted interiors. A gracious entry is framed by a covered porch and a central Palladian-style window above the front door, bringing natural light into the foyer and halls. The double-height living room is imbued with natural light from a wall of windows and glass doors, creating an open yet grounded gathering space centered on a fireplace with custom built-ins. Above, a connecting balcony spans the room, linking the upper level while maintaining a sense of separation between the bedroom wings. The kitchen includes a center prep island and a breakfast bar, with an adjacent dining area facing the pond. A laundry room and powder room are set just off the kitchen, with convenient access to the attached two-car garage. The first-floor primary bedroom includes a renovated bath and walk-in closet. Upstairs, two additional bedrooms reflect the home's architecture, with varied ceiling lines that add dimension. The lower level has a finished office with separate entrance and an unfinished area with waterside windows that are ready for finishing. Outdoor amenities include a hot tub overlooking the water and a screened gazebo positioned for relaxed afternoons or casual gatherings. A path leads down to the pond and dock, offering access to the shoreline and the surrounding landscape. Property taxes per annum as of 2025 are $12,101.
    142 days
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    396
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    35
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    Zillow last checked:

    Listed by:

    Saunders & Associates 631-749-5801,

    Penelope Moore - Associate Real Estate Broker 917-208-5519

    Source: Out East,MLS#: 394637

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Laundry
      Cooling
      • Central Air
      Features
      • Basement: Yes
      • Has fireplace: Yes
      Interior area
      • Total structure area: 2,299
      • Total interior livable area: 2,299 sqft

      Property

      Parking
      • Parking features: GarageAttached
      • Has attached garage: Yes
      Features
      • Stories: 2
      • Has private pool: Yes
      • Has spa: Yes
      • Spa features: Heated
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water
      Lot
      • Size: 1.19 Acres
      Details
      • Parcel number: 0700019000100102000

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 1998

      Community & HOA

      Location
      • Region: Shelter Island

      Financial & listing details

      • Price per square foot: $1,414/sqft
      • Tax assessed value: $2,700,000
      • Date on market: 4/2/2026
      • Lease term: Contact For Details

        Estimated market value

        $3,170,300

        $3.01M - $3.33M

        $7,845/mo

        Price history

        DateEventPrice
        4/2/2026Listed for sale$3,250,000+108.3%$1,414/sqft
        Source: Out East #394637 Report a problem
        9/5/2023Listing removed--
        Source: Zillow Rentals Report a problem
        3/17/2023Listed for rent$33,000$14/sqft
        Source: Zillow Rentals Report a problem
        3/16/2023Listing removed--
        Source: Zillow Rentals Report a problem
        3/12/2023Price change$33,000-10%$14/sqft
        Source: Zillow Rentals Report a problem
        11/8/2022Listed for rent$36,666+142.8%$16/sqft
        Source: Out East #65600 Report a problem
        1/1/2022Listing removed--
        Source: Out East Report a problem
        9/13/2021Price change$15,100+100%$7/sqft
        Source: Out East #92525 Report a problem
        9/9/2021Price change$7,550-50%$3/sqft
        Source: Out East #92525 Report a problem
        7/1/2021Price change$15,100-43.7%$7/sqft
        Source: Out East #92525 Report a problem
        1/4/2021Price change$26,800+3.1%$12/sqft
        Source: Out East #92525 Report a problem
        11/2/2020Price change$26,000+11.4%$11/sqft
        Source: Georgiana B. Ketcham, Lic. RE Broker #92525 Report a problem
        1/25/2020Price change$23,333-11.6%$10/sqft
        Source: Shelter Island #92525 Report a problem
        10/21/2019Price change$26,400+100%$11/sqft
        Source: Shelter Island #96645 Report a problem
        8/1/2019Listed for rent$13,200+100%$6/sqft
        Source: Shelter Island #96645 Report a problem
        4/22/2019Listing removed$6,600$3/sqft
        Source: Corcoran Group Shelter Island Office #96645 Report a problem
        12/14/2018Price change$6,600-52.2%$3/sqft
        Source: Corcoran Group Shelter Island Office #96645 Report a problem
        11/17/2018Price change$13,800+6.2%$6/sqft
        Source: Shelter Island Report a problem
        7/9/2018Price change$13,000+85.7%$6/sqft
        Source: M. Wein Realty, Inc. Report a problem
        6/2/2018Price change$7,000-65%$3/sqft
        Source: Corcoran Group Shelter Island Office #96645 Report a problem
        5/10/2018Price change$20,000-28.6%$9/sqft
        Source: Shelter Island Office #96645 Report a problem
        9/9/2017Price change$28,000+115.4%$12/sqft
        Source: Daniel Gale Sotheby's International Realty #p1214962 Report a problem
        9/2/2017Listed for rent$13,000$6/sqft
        Source: M. Wein Realty, Inc. Report a problem
        6/28/2017Listing removed$13,000$6/sqft
        Source: M. Wein Realty, Inc. Report a problem
        6/14/2017Listed for rent$13,000$6/sqft
        Source: M. Wein Realty, Inc. Report a problem
        1/16/2015Sold$1,560,000+893.6%$679/sqft
        Source: Public Record Report a problem
        5/28/1997Sold$157,000$68/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $2,700,000 +47.9%
        2024-- $1,826,000
        2023-- $1,826,000
        2022-- $1,826,000
        2021-- $1,826,000 +0.1%
        2020-- $1,825,000 +0.2%
        2019-- $1,821,000 +0.3%
        2018-- $1,815,000 +2.8%
        2017$10,765 $1,765,000 +3.1%
        2016-- $1,712,000 +5%
        2015-- $1,630,000 -0.6%
        2014-- $1,640,000 +4.1%
        2013-- $1,575,000 +1.3%
        2012-- $1,555,000 -2.5%
        2011-- $1,595,000 +0.6%
        2010-- $1,586,000 -10.5%
        2009-- $1,772,000 -1.2%
        2008-- $1,793,400 +12.1%
        2007$7,564 +3.4%$1,599,400 +37.3%
        2005$7,315 +11.9%$1,165,000 +19.3%
        2004$6,537 +7%$976,900 +9.5%
        2003$6,109 +1159%$892,300 +88.2%
        2002$485 $474,000
        2001-- $474,000
        2000$4,451 $474,000
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 11964

        Getting around

        12 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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