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.
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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List your homeWhat's special
Floor-to-ceiling windowsPremium appliancesThoughtfully placed gathering spacesOutdoor kitchenMatching stoneworkHeated gunite poolOpen light-filled interiors
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
| Date | Event | Price |
|---|---|---|
| 3/2/2026 | Contingent | $4,250,000$1,156/sqft |
Source: NY State MLS #11561135 Report a problem | ||
| 3/2/2026 | Pending sale | $4,250,000$1,156/sqft |
Source: Out East #390643 Report a problem | ||
| 12/9/2025 | Price change | $4,250,000-14.9%$1,156/sqft |
Source: Out East #390643 Report a problem | ||
| 10/7/2025 | Price change | $4,995,000-7.4%$1,359/sqft |
Source: Out East #390643 Report a problem | ||
| 8/22/2025 | Price change | $5,395,000-1.8%$1,468/sqft |
Source: NY State MLS #11561135 Report a problem | ||
| 5/7/2025 | Price change | $5,495,000-4.4%$1,495/sqft |
Source: Out East #383694 Report a problem | ||
| 1/30/2025 | Listed for sale | $5,750,000+53.3%$1,564/sqft |
Source: Out East #383694 Report a problem | ||
| 9/18/2024 | Sold | $3,750,000-37.4%$1,020/sqft |
Source: Agent Provided Report a problem | ||
| 9/9/2024 | Listed for sale | $5,995,000+209%$1,631/sqft |
Source: Out East #383694 Report a problem | ||
| 5/14/2020 | Listing removed | $90,000$24/sqft |
Source: The Corcoran Group #102013 Report a problem | ||
| 1/20/2020 | Price change | $90,000+100%$24/sqft |
Source: The Corcoran Group #102013 Report a problem | ||
| 9/24/2019 | Listed for rent | $45,000-50%$12/sqft |
Source: Shelter Island #102013 Report a problem | ||
| 7/31/2019 | Listing removed | $90,000+100%$24/sqft |
Source: The Corcoran Group #102013 Report a problem | ||
| 7/4/2019 | Price change | $45,000-5.3%$12/sqft |
Source: Shelter Island Report a problem | ||
| 5/31/2019 | Listed for rent | $47,500+5.6%$13/sqft |
Source: Shelter Island Report a problem | ||
| 4/22/2019 | Listing removed | $45,000$12/sqft |
Source: Corcoran Group Shelter Island Office #102013 Report a problem | ||
| 12/1/2018 | Price change | $45,000-30.8%$12/sqft |
Source: Corcoran Group Shelter Island Office #102013 Report a problem | ||
| 3/19/2018 | Listed for rent | $65,000+333.3%$18/sqft |
Source: Shelter Island Office #102013 Report a problem | ||
| 6/21/2016 | Listing removed | $15,000$4/sqft |
Source: The Corcoran Group #67160 Report a problem | ||
| 3/12/2016 | Listed for rent | $15,000-25%$4/sqft |
Source: The Corcoran Group #67160 Report a problem | ||
| 9/10/2015 | Sold | $1,940,000+2.4%$528/sqft |
Source: Public Record Report a problem | ||
| 6/25/2015 | Listing removed | $20,000$5/sqft |
Source: The Corcoran Group #74821 Report a problem | ||
| 4/24/2015 | Listed for rent | $20,000$5/sqft |
Source: The Corcoran Group #74821 Report a problem | ||
| 8/20/2013 | Listing removed | $1,895,000$516/sqft |
Source: Saunders Realty #19716 Report a problem | ||
| 8/16/2013 | Listed for sale | $1,895,000+89.5%$516/sqft |
Source: Saunders Realty #19716 Report a problem | ||
| 11/8/2012 | Sold | $1,000,000-42.7%$272/sqft |
Source: Public Record Report a problem | ||
| 7/27/2012 | Listed for sale | $1,745,000+256.1%$475/sqft |
Source: The Corcoran Group #19716 Report a problem | ||
| 11/14/1996 | Sold | $490,000$133/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
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Nearby schools
GreatSchools rating
- 8/10Shelter Island SchoolGrades: PK-12Distance: 0.6 mi
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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