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For sale
  • $7,950,000

    42 Prospect Ave, Shelter Island Heights, NY 11965

    3beds
    4,133sqft
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    Single Family Residence
    Built in 2002
    3.41 Acres Lot
    $7,116,900 Zestimate®
    $1,924/sqft
    $-- HOA

    What's special

    Covered rooftop terraceFirst-floor en-suite guest bedroomPowder roomFinnleo saunaWalk-in cedar closetProtective vegetative bufferAnodized aluminum windows
    Built in 2002, "Treetops" is an AIA Archi Award-winning modern classic that boasts some of the most sweeping and unobstructed views on Eastern Long Island-stretching across the North Fork, Peconic Bay, Long Island Sound, and reaching to Connecticut. Positioned at 162 feet above sea level on "Divinity Hill" in Shelter Island Heights, it sits at one of the island's highest natural elevations. The home is the result of a thoughtful evolution of an original design by Peter Schladermundt, renowned for his iconic structures at the 1964 New York World's Fair, brought to its current form by noted architect Frederick Stelle. The architectural concept centers around two clean-lined volumes joined by a glass pavilion, using a restrained palette of stone, steel, and glass, executed with clarity and elegance. On the view-facing side of the home, a dramatic pavilion wrapped in 9-foot floor-to-ceiling glass walls provides unobstructed vistas. These are framed with anodized aluminum windows, hand-laid aluminum inlay mouldings, and solid core doors that reflect the home's refined craftsmanship. The main living area is open, featuring a fireplace, radiant heat floors, a screened dining area, and access to two decks, one with a built-in barbecue. An elevated kitchen is outfitted with Poliform cabinetry, high-end appliances, and a butler's pantry. Additional spaces on this level include a family room with Scandinavian fireplace, powder room, laundry, office/library, and a first-floor en-suite guest bedroom. A sculptural bluestone staircase, with treads subtly suspended one inch from a glass wall, rises beside 19-foot acid-etched glass windows, filtering natural light through the space, offering a graceful ascent to the primary en-suite bedroom. An aerie above the canopy of treetops, this suite features a covered rooftop terrace, steam shower, soaking tub, and a Scandinavian propane stove, offering a serene and secluded experience. The at-grade lower level includes recently installed travertine flooring, a guest bedroom with direct access to the pool area, a mirrored gym/exercise studio, Finnleo sauna, full bath, second laundry area, walk-in cedar closet, Eurocave 150-bottle wine cooler, and a Sub-Zero side-by-side refrigerator and freezer. Outdoors, a 57-foot heated freeform Gunite pool is bordered by Arizona buff stone and surrounded by lush perennial gardens. Pathways lead to a separate garden with multilevel bluestone decking and grandfathered steel cord railings, blending natural and architectural elements. As Hamptons Cottages & Gardens once wrote: "This place is indeed divine... not only in the sense of 'oh how divine,' but also in its distinctive sense of other-worldliness. Here the air, the light, the very atmosphere, feels celestial. Clouds floating by overhead appear within reach, and the sunsets are cinematic events." A rare Shelter Island offering, "Treetops" is as much a sanctuary as it is a landmark, complete with a protective vegetative buffer and unmatched architectural pedigree. Property taxes per annum as of 2025 are $22,194.
    485 days
    |
    174
    |
    6
    |

    Zillow last checked:

    Listed by:

    Saunders & Associates 631-749-5801,

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

    Source: Out East,MLS#: 387866

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Family Room, Laundry, Office
      Cooling
      • Central Air
      Features
      • Basement: Yes
      • Has fireplace: Yes
      Interior area
      • Total structure area: 4,133
      • Total interior livable area: 4,133 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: None
      Features
      • Stories: 3
      • Has private pool: Yes
      • Pool features: Heated
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water
      Lot
      • Size: 3.41 Acres
      Details
      • Parcel number: 0700006000100010000

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 2002

      Community & HOA

      Community
      • Features: Room for a Tennis Court
      Location
      • Region: Shelter Island Heights

      Financial & listing details

      • Price per square foot: $1,924/sqft
      • Tax assessed value: $4,498,000
      • Date on market: 4/10/2025
      • Lease term: Contact For Details

        Estimated market value

        $7,116,900

        $6.76M - $7.54M

        $7,558/mo

        Price history

        DateEventPrice
        4/10/2025Listed for sale$7,950,000-1.9%$1,924/sqft
        Source: Out East #387866 Report a problem
        10/23/2021Listing removed--
        Source: NY State MLS Report a problem
        2/19/2021Listed for sale$8,100,000+60.1%$1,960/sqft
        Source: SAUNDERS & ASSOCIATES #10914673 Report a problem
        4/23/2007Sold$5,060,000+3792.3%$1,224/sqft
        Source: Public Record Report a problem
        5/9/1995Sold$130,000$31/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $4,498,000 +48.2%
        2024-- $3,036,000
        2023-- $3,036,000
        2022-- $3,036,000
        2021-- $3,036,000 +1%
        2020-- $3,006,000 +0.2%
        2019-- $2,999,000 +0.1%
        2018-- $2,995,000 -11.2%
        2017$17,763 $3,373,000 +3.5%
        2016-- $3,260,000 +7.9%
        2015-- $3,022,000 -5.7%
        2014-- $3,205,000 +3.1%
        2013-- $3,110,000 +0.2%
        2012-- $3,103,000 -4.8%
        2011-- $3,260,000 +2.3%
        2007$16,283 +52.2%$3,188,200 +100.1%
        2005$10,699 -0.8%$1,593,000 +6.5%
        2004$10,780 +10.4%$1,495,900 +13.3%
        2003$9,766 +84.5%$1,320,000 +177.9%
        2002$5,292 $475,000
        2001-- $475,000
        2000$5,072 $475,000
        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: 11965

        Getting around

        27 / 100
        Car-Dependent
        11 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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