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For sale
  • Price cut: $145K (7/7)
    $5,250,000

    9 Margarets Dr, Shelter Island, NY 11964

    4beds
    --sqft
    Loading
    Single Family Residence
    Built in 2022
    0.91 Acres Lot
    $5,241,000 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Substantial finished lower levelExpansive terracesFour en-suite bedroomsTree-lined streetDramatic vaulted ceilingsSoaring light-filled great room
    An AIA Award-winning design by Lacuna Architecture Atelier, 9 Margarets Drive brings architecture, landscape, and natural light into remarkable harmony. Encompassing approximately 5,530 square feet, including a substantial finished lower level, the home offers four en-suite bedrooms, five full baths, and one half bath, with a design that creates a seamless connection between indoors and out. A soaring, light-filled great room unfolds beneath dramatic vaulted ceilings, where expansive walls of glass dissolve the boundary between interior and exterior spaces. A striking two-sided fireplace anchors the living areas, creating a natural dialogue between the home's architecture and surrounding landscape. At the heart of the residence, a chef's kitchen with top-tier appliances integrates beautifully with the living and dining spaces, equally suited to everyday living and entertaining. Custom white oak millwork and carefully selected finishes reflect the architectural vision of Gregory Thomas, known for exceptional craftsmanship and attention to detail, developed in collaboration with builder Sean Murphy. Each bedroom suite opens directly to the surrounding landscape, further reinforcing the home's connection to nature. Beyond the walls of glass, a 50' x 17' heated saltwater gunite pool anchors the outdoor setting, framed by expansive terraces and multiple lounge and dining areas. A beautifully appointed pool house with a full bath and outdoor shower, together with mature landscaping, creates exceptional privacy while preserving a sense of openness. The result is the ease and privacy of a refined private resort. Situated on a tree-lined street just moments from Shelter Island's beaches, marinas, and restaurants, 9 Margarets Drive offers a rare opportunity to own an architecturally significant residence defined by timeless design, natural beauty, and effortless indoor-outdoor living.
    115 days
    516
    16

    Zillow last checked:

    Listed by:

    Compass 631-537-7700,

    Jennifer Friedberg - Associate Real Estate Broker 646-573-9525

    Source: Out East,MLS#: 395140

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 6
      • Full bathrooms: 5
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Family Room, Laundry, Office
      Cooling
      • Central Air
      Features
      • Basement: Yes
      • Has fireplace: Yes
      Interior area
      • Total structure area: 0

      Property

      Parking
      • Parking features: GarageAttached
      • Has attached garage: Yes
      Features
      • Has private pool: Yes
      • Pool features: Heated
      Lot
      • Size: 0.91 Acres
      Details
      • Parcel number: 0700018000200067000

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 2022

      Community & HOA

      Location
      • Region: Shelter Island

      Financial & listing details

      • Tax assessed value: $4,797,000
      • Date on market: 5/7/2026
      • Lease term: Contact For Details

        Estimated market value

        $5,241,000

        $4.98M - $5.50M

        $6,294/mo

        Price history

        DateEventPrice
        7/7/2026Price change$5,250,000-2.7%
        Source: Out East #395140 Report a problem
        5/7/2026Listed for sale$5,395,000+93%
        Source: Out East #395140 Report a problem
        9/27/2022Listing removed--
        Source: Out East Report a problem
        6/22/2022Listed for rent$110,000
        Source: Out East #367180 Report a problem
        1/4/2021Listing removed--
        Source: Out East Report a problem
        12/27/2020Listed for sale$2,795,000
        Source: Out East #355229 Report a problem
        12/19/2020Pending sale$2,795,000
        Source: Dering Harbor Real Estate #354801 Report a problem
        10/17/2020Listed for sale$2,795,000+602.3%
        Source: Dering Harbor Real Estate Report a problem
        6/14/2018Sold$398,000+3.4%
        Source: Public Record Report a problem
        8/25/2017Sold$385,000-1.3%
        Source: Public Record Report a problem
        12/16/2015Listing removed$390,000
        Source: Daniel Gale Sothebys Intl Rlty #2726191 Report a problem
        12/13/2014Price change$390,000-2.3%
        Source: Daniel Gale Agency Inc #2726191 Report a problem
        6/2/2014Listed for sale$399,000
        Source: Daniel Gale Agency Inc #2677968 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $4,797,000 +70%
        2024-- $2,822,000
        2023-- $2,822,000
        2022-- $2,822,000
        2021-- $2,822,000 +721.1%
        2020-- $343,700
        2019-- $343,700 -11.2%
        2018-- $387,100 +21%
        2017$2,296 $319,800
        2016-- $319,800 +5%
        2015-- $304,500 +4.7%
        2014-- $290,700
        2013-- $290,700 -7.7%
        2012-- $314,900 -7.2%
        2011-- $339,200
        2010-- $339,200 -4.1%
        2009-- $353,700 -8%
        2008-- $384,400 +6.2%
        2007$1,848 +42%$361,800 +86.7%
        2005$1,302 +24.2%$193,800 +33.3%
        2004$1,048 +21.8%$145,400 +25%
        2003$860 +22.6%$116,300 +89.4%
        2002$702 $61,400
        2001-- $61,400
        2000$647 $61,400
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 11964

        Getting around

        3 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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