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.
For sale
Price cut: $145K (7/7)
$5,250,000
9 Margarets Dr, Shelter Island, NY 11964
4beds
--sqft
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
- 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
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Price change | $5,250,000-2.7% |
Source: Out East #395140 Report a problem | ||
| 5/7/2026 | Listed for sale | $5,395,000+93% |
Source: Out East #395140 Report a problem | ||
| 9/27/2022 | Listing removed | -- |
Source: Out East Report a problem | ||
| 6/22/2022 | Listed for rent | $110,000 |
Source: Out East #367180 Report a problem | ||
| 1/4/2021 | Listing removed | -- |
Source: Out East Report a problem | ||
| 12/27/2020 | Listed for sale | $2,795,000 |
Source: Out East #355229 Report a problem | ||
| 12/19/2020 | Pending sale | $2,795,000 |
Source: Dering Harbor Real Estate #354801 Report a problem | ||
| 10/17/2020 | Listed for sale | $2,795,000+602.3% |
Source: Dering Harbor Real Estate Report a problem | ||
| 6/14/2018 | Sold | $398,000+3.4% |
Source: Public Record Report a problem | ||
| 8/25/2017 | Sold | $385,000-1.3% |
Source: Public Record Report a problem | ||
| 12/16/2015 | Listing removed | $390,000 |
Source: Daniel Gale Sothebys Intl Rlty #2726191 Report a problem | ||
| 12/13/2014 | Price change | $390,000-2.3% |
Source: Daniel Gale Agency Inc #2726191 Report a problem | ||
| 6/2/2014 | Listed for sale | $399,000 |
Source: Daniel Gale Agency Inc #2677968 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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






