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Sold for $3,750,000
  • $3,750,000

    8 Cove Way, Shelter Island, NY 11964

    4beds
    3,676sqft
    Single Family Residence
    Built in 1998
    0.46 Acres Lot
    $4,139,900 Zestimate®
    $1,020/sqft
    $6,618 Estimated rent

    Home value

    $4,139,900

    $3.73M - $4.60M

    $6,618/mo

    Zestimate® history
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    What's special

    Floor-to-ceiling windowsPremium appliancesThoughtfully placed gathering spacesOutdoor kitchenMatching stoneworkHeated gunite poolOpen light-filled interiors
    Enviably located on Shelter Island's southern coast with 113' of waterfront on Menantic Creek, this half-acre property was fully reimagined in a high-end 2017 renovation that left no detail overlooked. Offering 3,676 +/- square feet across 2 levels, the home includes 4 bedrooms, 5 baths, 2 fireplaces, a heated gunite pool, outdoor kitchen, firepit, specimen gardens, and a private deep-water dock. A true boater's paradise and moments from the ferry, this property offers easy access to Sag Harbor, Sunset Beach, and Shelter Island, with a private dock for a well-sized boat and proximity to Greenport's vibrant waterfront scene. From the manicured arrival framed by hydrangeas and stonework to terraces that wind gracefully toward the water's edge, every element has been impeccably maintained and designed for refined coastal living. Inside, chic high-gloss white paint unifies open, light-filled interiors that perfectly blend traditional and open-concept living spaces. At the heart of the home, the great room has soaring double-height ceilings, floor-to-ceiling windows that invite the outdoors in, and a wood-burning fireplace with a limewashed hearth for a touch of texture. Separately, an eat-in kitchen has a large marble center island, premium appliances, and an adjacent dining room with waterview and light on 4 sides. Past the kitchen, find a flexible space that can accommodate a home office, gym, or movie theater. Two bedrooms are conveniently located on the first level, both ensuite with large closets and one with private patio egress. Completing the first level are a powder room, laundry, and ample closet space. Dual staircases lead to the primary wing and a separate guest suite on the southern side. The private primary wing offers a serene retreat, complete with a sunlit living room with built-in bookshelves. Beyond pocket doors, the sleeping chamber has dual walk-in closets, a luxe ensuite bath, and a private sunset-view balcony. The guest suite is a private sanctuary with vaulted ceilings, fireplace, private balcony, luxe ensuite with bench shower, and a boutique walk-in closet that leads to a cozy sitting room or library. Outdoors, matching stonework, mature trees, and thoughtfully placed gathering spaces frame serene waterviews that shimmer at sunset. To the front of the home, privacy-affording perimeter hedges line the heated gunite pool and patio for a true resort-courtyard experience. Beyond the grounds, Shelter Island's quiet country roads and the nearby South Ferry offer a rare balance of privacy and connection-placing Sag Harbor and the Hamptons within easy reach, yet making this waterfront retreat feel worlds away.

    Zillow last checked:

    Source: Out East,MLS#: 390643

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    • Full bathrooms: 5
    Rooms
    • Room types: Family Room, Laundry
    Cooling
    • Central Air
    Features
    • Basement: No
    • Has fireplace: Yes
    Interior area
    • Total structure area: 3,676
    • Total interior livable area: 3,676 sqft

    Property

    Parking
    • Parking features: None
    Features
    • Stories: 2
    • Has private pool: Yes
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Waterfront
    • Frontage type: Waterfront
    Lot
    • Size: 0.46 Acres
    Details
    • Parcel number: 0700018000300056000

    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: $1,020/sqft
    • Tax assessed value: $3,686,000
    • Date on market: 8/24/2025
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    3/2/2026Contingent$4,250,000$1,156/sqft
    Source: NY State MLS #11561135 Report a problem
    3/2/2026Pending sale$4,250,000$1,156/sqft
    Source: Out East #390643 Report a problem
    12/9/2025Price change$4,250,000-14.9%$1,156/sqft
    Source: Out East #390643 Report a problem
    10/7/2025Price change$4,995,000-7.4%$1,359/sqft
    Source: Out East #390643 Report a problem
    8/22/2025Price change$5,395,000-1.8%$1,468/sqft
    Source: NY State MLS #11561135 Report a problem
    5/7/2025Price change$5,495,000-4.4%$1,495/sqft
    Source: Out East #383694 Report a problem
    1/30/2025Listed for sale$5,750,000+53.3%$1,564/sqft
    Source: Out East #383694 Report a problem
    9/18/2024Sold$3,750,000-37.4%$1,020/sqft
    Source: Agent Provided Report a problem
    9/9/2024Listed for sale$5,995,000+209%$1,631/sqft
    Source: Out East #383694 Report a problem
    5/14/2020Listing removed$90,000$24/sqft
    Source: The Corcoran Group #102013 Report a problem
    1/20/2020Price change$90,000+100%$24/sqft
    Source: The Corcoran Group #102013 Report a problem
    9/24/2019Listed for rent$45,000-50%$12/sqft
    Source: Shelter Island #102013 Report a problem
    7/31/2019Listing removed$90,000+100%$24/sqft
    Source: The Corcoran Group #102013 Report a problem
    7/4/2019Price change$45,000-5.3%$12/sqft
    Source: Shelter Island Report a problem
    5/31/2019Listed for rent$47,500+5.6%$13/sqft
    Source: Shelter Island Report a problem
    4/22/2019Listing removed$45,000$12/sqft
    Source: Corcoran Group Shelter Island Office #102013 Report a problem
    12/1/2018Price change$45,000-30.8%$12/sqft
    Source: Corcoran Group Shelter Island Office #102013 Report a problem
    3/19/2018Listed for rent$65,000+333.3%$18/sqft
    Source: Shelter Island Office #102013 Report a problem
    6/21/2016Listing removed$15,000$4/sqft
    Source: The Corcoran Group #67160 Report a problem
    3/12/2016Listed for rent$15,000-25%$4/sqft
    Source: The Corcoran Group #67160 Report a problem
    9/10/2015Sold$1,940,000+2.4%$528/sqft
    Source: Public Record Report a problem
    6/25/2015Listing removed$20,000$5/sqft
    Source: The Corcoran Group #74821 Report a problem
    4/24/2015Listed for rent$20,000$5/sqft
    Source: The Corcoran Group #74821 Report a problem
    8/20/2013Listing removed$1,895,000$516/sqft
    Source: Saunders Realty #19716 Report a problem
    8/16/2013Listed for sale$1,895,000+89.5%$516/sqft
    Source: Saunders Realty #19716 Report a problem
    11/8/2012Sold$1,000,000-42.7%$272/sqft
    Source: Public Record Report a problem
    7/27/2012Listed for sale$1,745,000+256.1%$475/sqft
    Source: The Corcoran Group #19716 Report a problem
    11/14/1996Sold$490,000$133/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $3,686,000 +51.3%
    2024-- $2,437,000
    2023-- $2,437,000
    2022-- $2,437,000
    2021-- $2,437,000 +0.1%
    2020-- $2,434,000 +0.2%
    2019-- $2,429,000 +0.3%
    2018-- $2,421,000 +75.4%
    2017$14,359 $1,380,000 -28.3%
    2016-- $1,925,000 +8.5%
    2015-- $1,775,000 +6.3%
    2014-- $1,670,000 +5%
    2013-- $1,590,000 +1.9%
    2012-- $1,560,000 +4%
    2011-- $1,500,000 -7%
    2007$8,234 +9%$1,612,200 +43.3%
    2005$7,556 +3.8%$1,125,000 +11.4%
    2004$7,279 +2.9%$1,010,000 +5.6%
    2003$7,076 -18.9%$956,400 +25.3%
    2002$8,724 $763,225
    2001-- $763,225
    2000$8,048 $763,225
    Find assessor info on the county website

    Neighborhood: 11964

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $4,139,900
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $4,139,900