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Off market
  • $2,573,200

    55 Peconic Ave, Shelter Island, NY 11964

    4beds
    --sqft
    Single Family Residence
    Built in ----
    1.4 Acres Lot
    $2,573,200 Zestimate®
    $--/sqft
    $7,670 Estimated rent

    Home value

    $2,573,200

    $2.44M - $2.70M

    $7,670/mo

    Zestimate® history
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    $17,879/mo

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    $17,879/mo

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    What's special

    Beautifully appointed hall bathSouthwest-facing water viewsStriking raised propane fireplace

    Welcome to 55 Peconic Avenue, a bold, newly built statement home completed in 2022 and set on an expansive 1.4-acre parcel in one of Shelter Island's most coveted locations. Designed for true year-round living, this residence captures southwest-facing water views, dramatic light, and a seamless indoor–outdoor lifestyle that today's buyers demand. The main level delivers a clean, open-concept layout flooded with natural light. Living and dining spaces flow effortlessly around a striking raised propane fireplace, anchoring the home with warmth and architectural presence. The kitchen is the heart of it all—sleek, functional, and centered around an oversized island built for gathering, entertaining, and everyday life done right. The southeast wing is dedicated entirely to the primary suite, offering privacy and scale rarely found at this price point. A walk-in dressing room with custom built-ins leads to a spa-caliber bath featuring double vanities, a glass-enclosed shower, private commode room, and direct access to an outdoor shower—because this is Shelter Island, and luxury should feel effortless. On the opposite wing, two generously sized guest bedrooms share a beautifully appointed hall bath, creating a perfect balance of privacy and comfort for family and friends. Downstairs, the partially finished lower level expands the home's versatility with a large bonus room complete with an egress window, walk-in closet, full bath, and ample storage—ideal for overflow guests, media, fitness, or a private retreat. Outside is where this property truly separates itself. A 20' x 40' Gunite pool with integrated spa, shallow lounge shelf, marble accents, and custom tile finish sets the tone for resort-level living. The thoughtfully placed barbecue and entertaining area makes hosting seamless, while a cistern-fed irrigation system supports lush landscaping. A detached 3-car garage at the rear adds valuable storage for vehicles, water toys, or recreational gear. This is not just a house—it's a modern Shelter Island compound moments from beaches, boating, and everything that makes this market so fiercely competitive. Turn-key. Timeless. Impossible to replace.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Zillow last checked:

    Source: Out East,MLS#: 393397

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Rooms
    • Room types: Family Room, Laundry
    Cooling
    • Central Air
    Features
    • Basement: Yes
    • Has fireplace: Yes
    Interior area
    • Total structure area: 0

    Property

    Parking
    • Parking features: GarageDetached
    • Has garage: Yes
    Features
    • Has private pool: Yes
    • Pool features: Heated
    Lot
    • Size: 1.4 Acres
    Details
    • Parcel number: 0700025000100039001

    Construction

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

    Community & HOA

    Location
    • Region: Shelter Island

    Financial & listing details

    • Tax assessed value: $2,002,000
    • Date on market: 2/10/2026
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    7/26/2026Listing removed$2,675,000
    Source: Out East #393397 Report a problem
    4/23/2026Contingent$2,675,000
    Source: NY State MLS #11650873 Report a problem
    4/23/2026Pending sale$2,675,000
    Source: Out East #393397 Report a problem
    2/10/2026Listing removed$36,666
    Source: Zillow Rentals Report a problem
    2/10/2026Listed for sale$2,675,000-9.3%
    Source: Out East #393397 Report a problem
    2/6/2026Listed for rent$36,666
    Source: Zillow Rentals Report a problem
    1/20/2026Listing removed$2,950,000
    Source: NY State MLS #11568648 Report a problem
    9/29/2025Price change$2,950,000-19.2%
    Source: Out East #390841 Report a problem
    9/4/2025Listed for sale$3,650,000+388.3%
    Source: Out East #390841 Report a problem
    3/23/2016Sold$747,500+18.7%
    Source: Public Record Report a problem
    5/4/2011Sold$630,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $2,002,000 +45.7%
    2024-- $1,374,300
    2023-- $1,374,300 +92.8%
    2022-- $712,800
    2021-- $712,800
    2020-- $712,800
    2019-- $712,800 -9.1%
    2018-- $784,100 +5.1%
    2017$4,650 $746,400 +0.8%
    2016-- $740,400 +3.3%
    2015-- $716,500 +2.9%
    2014-- $696,600 +1.5%
    2013-- $686,600 -6.8%
    2012-- $736,400 -7.4%
    2011-- $795,000 -17%
    2010-- $958,000 -11.1%
    2009-- $1,078,100 +0.1%
    2008-- $1,077,400 +7.3%
    2007$5,128 +77%$1,004,000 +132.7%
    2005$2,897 +9.3%$431,400 +17.3%
    2004$2,651 +36%$367,800 +39.6%
    2003$1,949 -29%$263,400 +9.8%
    2002$2,743 +8.4%$240,000
    2000$2,531 $240,000
    Find assessor info on the county website

    Neighborhood: 11964

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $2,573,200
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    Estimated market value
    $2,573,200