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For sale
  • Price cut: $210K (7/26)
    $2,685,000

    4 Sheep Pasture Ln, Shelter Island, NY 11964

    4beds
    1,832sqft
    Loading
    Single Family Residence
    Built in 1981
    1.8 Acres Lot
    $2,599,900 Zestimate®
    $1,466/sqft
    $-- HOA

    What's special

    Raised fireplaceGarden patchGunite poolFourth bedroomWrap-around entertainment deckSun-filled open-concept living spaceLaundry center
    Set on a gentle rise across 1.8 acres, this Scandinavian-inspired modern overlooks sweeping lawns with water views toward both Gardiners Bay and Coecles Harbor. Approached from a quiet lane, a pebbled circular drive leads to the main entrance, where natural light immediately defines the interior. The entry foyer opens to a sun-filled, open-concept living space. To the right, a step-down living area features a raised fireplace and glass doors that open to a wrap-around entertainment deck. The adjacent kitchen is outfitted with high-end appliances and flows seamlessly into the dining area, creating an easy, cohesive space for everyday living and entertaining. On the opposite side of the foyer, which also offers a comfortable sitting area and powder room, are two generously sized guest bedrooms and a full bath. On the second floor, the primary suite offers panoramic views from a balcony toward the bay, harbor and the Ram Island Causeway. This level also includes a full bath, laundry center, and a fourth bedroom. The grounds offer both privacy and scenery, with a Gunite pool, garden patch, outdoor shower, and a path providing convenient access to a sandy beach and boat landing. A spacious deck serves as a natural gathering place, ideal for summer dining and outdoor entertaining. Property taxes are $8,874 per annum as of 2025.
    186 days
    |
    1,439
    |
    95
    |

    Zillow last checked:

    Listed by:

    Saunders & Associates 631-749-5801,

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

    Source: Out East,MLS#: 393350

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Family Room, Laundry, Office
      Features
      • Basement: No
      • Has fireplace: Yes
      Interior area
      • Total structure area: 1,832
      • Total interior livable area: 1,832 sqft

      Property

      Parking
      • Parking features: None
      Features
      • Stories: 2
      • Has private pool: Yes
      • Pool features: Heated
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water
      Lot
      • Size: 1.8 Acres
      Details
      • Parcel number: 0700003000200048005

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 1981

      Community & HOA

      Location
      • Region: Shelter Island

      Financial & listing details

      • Price per square foot: $1,466/sqft
      • Tax assessed value: $1,980,000
      • Date on market: 2/4/2026
      • Lease term: Contact For Details

        Estimated market value

        $2,599,900

        $2.47M - $2.73M

        $7,496/mo

        Price history

        DateEventPrice
        7/26/2026Price change$2,685,000-7.3%$1,466/sqft
        Source: Out East #393350 Report a problem
        2/4/2026Listed for sale$2,895,000+54.4%$1,580/sqft
        Source: Out East #393350 Report a problem
        5/31/2020Listing removed$26,666$15/sqft
        Source: Shelter Island Heights #74692 Report a problem
        5/13/2020Listing removed$1,875,000$1,023/sqft
        Source: Corcoran - EE Shelter Island #862294 Report a problem
        5/7/2020Listed for rent$26,666+23.1%$15/sqft
        Source: Shelter Island Heights #74692 Report a problem
        2/25/2020Listed for sale$1,875,000+1775%$1,023/sqft
        Source: EE Shelter Island #862294 Report a problem
        1/19/2020Listing removed$21,666$12/sqft
        Source: Shelter Island #71723 Report a problem
        11/18/2019Listed for rent$21,666$12/sqft
        Source: Shelter Island #71723 Report a problem
        9/25/2019Listing removed$21,666$12/sqft
        Source: Shelter Island Heights #74692 Report a problem
        7/30/2019Price change$21,666-27.8%$12/sqft
        Source: Shelter Island Heights #74692 Report a problem
        7/20/2019Price change$30,000+28.6%$16/sqft
        Source: Shelter Island #14194 Report a problem
        4/23/2019Price change$23,333+55.6%$13/sqft
        Source: Shelter Island Report a problem
        1/29/2019Price change$15,000-25%$8/sqft
        Source: Corcoran Group Shelter Island Office #71723 Report a problem
        12/13/2018Listed for rent$20,000-33.3%$11/sqft
        Source: Shelter Island Report a problem
        7/21/2018Listing removed$30,000$16/sqft
        Source: Daniel Gale Sothebys Intl Rlty #P1251753 Report a problem
        2/7/2018Sold$100,000-93.2%$55/sqft
        Source: Public Record Report a problem
        2/7/2018Listed for rent$30,000$16/sqft
        Source: Daniel Gale Sotheby's International Realty #p1251753 Report a problem
        10/26/2015Sold$1,475,000+7.7%$805/sqft
        Source: Public Record Report a problem
        5/28/2013Sold$1,370,000-14.1%$748/sqft
        Source: Public Record Report a problem
        9/28/2005Sold$1,595,000+205%$871/sqft
        Source: Public Record Report a problem
        1/18/2001Sold$523,000$285/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $1,980,000 +27.8%
        2024-- $1,549,000
        2023-- $1,549,000
        2022-- $1,549,000
        2021-- $1,549,000 +1%
        2020-- $1,534,000 +0.3%
        2019-- $1,530,000 +0.3%
        2018-- $1,525,000 +3.4%
        2017$9,045 $1,475,000 +1.7%
        2016-- $1,450,000 +15.1%
        2015-- $1,260,000 +5.4%
        2014-- $1,195,000 +2.6%
        2013-- $1,165,000
        2012-- $1,165,000 -4.7%
        2011-- $1,222,000 +1%
        2010-- $1,210,000 -13.6%
        2009-- $1,400,000 -1.1%
        2008-- $1,416,000 +9%
        2007$6,632 +48.5%$1,298,500 +95.3%
        2005$4,466 +11.8%$665,000 +19.9%
        2004$3,996 +0.9%$554,500 +3.6%
        2003$3,959 -7.6%$535,100 +42.7%
        2002$4,286 $375,000
        2001-- $375,000
        2000$3,954 $375,000
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 11964

        Getting around

        6 / 100
        Car-Dependent
        16 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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