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Sold for $1,999,999
  • $1,999,999

    5 Grand Ave, Shelter Island Heights, NY 11965

    3beds
    2,000sqft
    Single Family Residence
    Built in 2024
    10,454 Square Feet Lot
    $2,020,600 Zestimate®
    $1,000/sqft
    $6,594 Estimated rent

    Home value

    $2,020,600

    $1.84M - $2.22M

    $6,594/mo

    Zestimate® history
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    $13,896/mo

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    What's special

    Modern scandinavian wood-burning stoveFour dedicated parking spacesHabitable mezzanine level
    Introducing an extraordinary new construction completed in 2024, nestled in the Historic Business District of Shelter Island Heights. Allowing for both residential and commercial uses, the offering was constructed in a traditional Heights vernacular with all modern amenities, seamlessly integrating historic charm with functionality. The main building, currently permitted as a primary residence with an accessory apartment, boasts 2,000 +/- square feet including three bedrooms and three bathrooms. Newly and imaginatively staged by Cristiana Mascarenhas in conjunction with the acclaimed Brazilian design and furniture company Espasso, the house exudes a sophisticated yet laid-back Brazilian beach vibe that highlights the beauty and the functionality of D&D Harvey Architects design. A key feature of this home is the habitable mezzanine level, constructed with reclaimed 1870s barn wood, early 1900s timbers, and exposed steel detailing. This level is complemented by a custom-crafted timber staircase with steel cable rails and hand-cut, nailed wide plank long length flooring. Adding to the property's charm are high-quality finishes such as wide plank white oak hardwood floors, custom vanities and cabinets utilizing reclaimed white oak lumber from Duryea's dock in Montauk, and reclaimed brick foundation cladding on the porch piers and chimney. A modern Scandinavian wood-burning stove enhances the home's stylish and functional design. The 880 +/- square foot basement affords 9-foot ceilings and a private entrance, providing ample space and versatility. Measuring 504 +/- square feet, the detached two-car garage includes additional loft storage and is optimally sited by the driveway entrance. An additional highlight of the property is an expansive wrap-around 625 +/- square foot covered porch, overlooking picturesque landscaping and stonework. Designed with future possibilities in mind, the main building is structurally prepared for interior stairs throughout, a custom kitchen on the first floor, and a finished basement. Zoned as Business District B, this property allows flexibility for both residential and business uses, making it a versatile investment and one of the most unique opportunities to ever present itself in Shelter Island. With four dedicated parking spaces and its close proximity to shops, restaurants, and the ferry, the location provides unparalleled convenience and accessibility.

    Zillow last checked:

    Source: Out East,MLS#: 383748

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Cooling
    • Central Air
    Features
    • Basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 2,000
    • Total interior livable area: 2,000 sqft

    Property

    Parking
    • Parking features: GarageDetached
    • Has garage: Yes
    Lot
    • Size: 10,454 Square Feet
    Details
    • Parcel number: 0700005000500020001

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New Construction
    • New construction: Yes
    • Year built: 2024

    Community & HOA

    Location
    • Region: Shelter Island Heights

    Financial & listing details

    • Price per square foot: $1,000/sqft
    • Date on market: 9/11/2024
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    6/19/2026Sold$1,999,999-7%$1,000/sqft
    Source: Agent Provided Report a problem
    5/16/2026Pending sale$2,150,000$1,075/sqft
    Source: Out East #383748 Report a problem
    1/30/2026Listed for sale$2,150,000-13.8%$1,075/sqft
    Source: Out East #383748 Report a problem
    9/24/2025Listing removed$2,495,000$1,248/sqft
    Source: Out East #383748 Report a problem
    8/12/2025Price change$2,495,000-3.9%$1,248/sqft
    Source: Out East #383748 Report a problem
    7/10/2025Price change$2,595,000-5.6%$1,298/sqft
    Source: Out East #383748 Report a problem
    10/22/2024Price change$2,750,000-8.2%$1,375/sqft
    Source: Out East #383748 Report a problem
    9/11/2024Listed for sale$2,995,000-10.1%$1,498/sqft
    Source: Out East #383748 Report a problem
    9/7/2024Listing removed$3,330,000$1,665/sqft
    Source: Out East #378862 Report a problem
    7/6/2024Price change$3,330,000-4.9%$1,665/sqft
    Source: Out East #378862 Report a problem
    5/1/2024Price change$3,500,000-6.7%$1,750/sqft
    Source: Out East #378862 Report a problem
    2/13/2024Listed for sale$3,750,000+971.4%$1,875/sqft
    Source: Out East #378862 Report a problem
    12/17/2021Listing removed--
    Source: NY State MLS Report a problem
    12/17/2021Contingent$350,000$175/sqft
    Source: NY State MLS #10374461 Report a problem
    3/6/2017Listed for sale$350,000$175/sqft
    Source: DERING HARBOR REAL ESTATE LLC #10391992 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 11965

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $2,020,600
    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
    $2,020,600