Sold for $2,000,000

$2,000,000

8 Margarets Dr, Shelter Island, NY 11964

6beds

2,968sqft

SingleFamily

Built in 1973

1.05 Acres Lot

$2,857,100 Zestimate^®

$674/sqft

$7,873 Estimated rent

Home value

$2,857,100

$2.49M - $3.31M

$7,873/mo

Zestimate^® history

Owner options

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$7,873/mo

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$7,873/mo

Rent Zestimate^®

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$13,896/mo

Est. payment

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$13,896/mo

Est. payment

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What's special

Located on navigable West Neck Creek, this 1970s expanded 6 bed, 4.5 bath contemporary home sits on 1.047 acres with spectacular water views. Arrive by boat and private dock to an expansive deck leading into a soaring open plan living and kitchen space. There is plenty of accommodation for all to enjoy this stunning setting surrounded by the natural beauty of Shelter Island. The dock area has been seeded with oysters and clams. A bonus light and airy +/- 624 ft accessory room, with 19 ft ceiling is located over the 2 car garage, providing opportunity for a studio, office or gym. Waiting to be reimagined for today's indoor outdoor lifestyle, this property is being sold as is.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 5
Full bathrooms: 4
1/2 bathrooms: 1

Heating

Forced air

Cooling

Central

Features

Basement: Partially finished

Interior area

Total interior livable area: 2,968 sqft

Property

Parking

Parking features: Garage - Detached

Features

Exterior features: Wood

Lot

Size: 1.05 Acres

Details

Parcel number: 0700018000200037000

Construction

Type & style

Home type: SingleFamily
Architectural style: Contemporary

Materials

Wood

Condition

Year built: 1973

Community & HOA

Location

Region: Shelter Island

Financial & listing details

Price per square foot: $674/sqft
Tax assessed value: $2,439,000

Price history

Date	Event	Price
9/8/2023	Sold	$2,000,000$674/sqft
Source: Public Record Report a problem
5/31/2023	Sold	$2,000,000-11.1%$674/sqft
Source: OneKey® MLS as distributed by MLS GRID #L3421614 Report a problem
4/12/2023	Pending sale	$2,249,000$758/sqft
Source: Brown Harris Stevens #368052 Report a problem
2/24/2023	Listed for sale	$2,249,000$758/sqft
Source: OneKey® MLS as distributed by MLS GRID #3421614 Report a problem
1/5/2023	Listing removed	--
Source: OneKey® MLS as distributed by MLS GRID #3421614 Report a problem
9/23/2022	Price change	$2,249,000-9.9%$758/sqft
Source: OneKey® MLS as distributed by MLS GRID #3421614 Report a problem
8/7/2022	Listed for sale	$2,495,000$841/sqft
Source: OneKey® MLS as distributed by MLS GRID #3421614 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$2,439,000 +19.8%
2024	--	$2,036,000
2023	--	$2,036,000
2022	--	$2,036,000
2021	--	$2,036,000 +0.1%
2020	--	$2,034,000 +0.2%
2019	--	$2,029,000 +3.7%
2018	--	$1,957,000 +4.1%
2017	$11,607	$1,880,000 +2.8%
2016	--	$1,828,000 +7.1%
2015	--	$1,707,000 +6%
2014	--	$1,610,000 +3.7%
2013	--	$1,552,000 +1%
2012	--	$1,537,000 -2%
2011	--	$1,568,000 +1.2%
2010	--	$1,550,000 -7.7%
2009	--	$1,680,000 -0.9%
2008	--	$1,695,600 +4.5%
2007	$8,287 +12.2%	$1,622,700 +47.5%
2005	$7,388 +8.8%	$1,100,000 +16.8%
2004	$6,788 +1.1%	$941,900 +3.8%
2003	$6,715 +1136.8%	$907,700 +91.1%
2002	$543	$475,000
2001	--	$475,000
2000	$5,009	$475,000