NOT LISTED FOR SALE

Estimated Value: $3,411,000 - $7,953,000

6 Beds
6.5 Baths
5,500 Sq Ft
$1,095/Sq Ft Est. Value

Last Sold March 08, 2021

Last sale price $4,995,000 $908 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $34,571/month

Highlights

  • Beach Front
  • In Ground Pool
  • Private Lot
  • Water Access
  • Deck
  • Cathedral Ceiling

About This Home

As of March 2021

Take in sweeping views of Gardiners Bay from this 6 bedroom, 7 bath custom built waterfront home located at the end of Shelter Island's coveted Ram Island Drive. The 1.3 acre property features a 20x45 gunite pool, manicured gardens, 122 feet of sandy bay beach and a separate legal guest suite above the detached 2 car garage complete with bedroom, kitchen and full bath. Constructed with unparalleled craftsmanship, the main house features 5500 square feet of both open concept living and multiple spaces for work, movies and privacy. Once in a lifetime opportunity to live, work and entertain on the singularly spectacular Ram Island.

Last Agent to Sell the Property

Bridget Elkin

Compass Greater NY LLC Brokerage Phone: 631-477-0013 License #10401343265 Listed on: 06/18/2020

Compass Greater NY LLC

Last Buyer's Agent

Bridget Elkin

Compass Greater NY LLC Brokerage Phone: 631-477-0013 License #10401343265 Listed on: 06/18/2020

Compass Greater NY LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,027

Year Built

  • Built in 2013

Lot Details

  • 1.3 Acre Lot
  • Lot Dimensions are 503x123
  • Beach Front
  • Property Fronts a Bay or Harbor
  • East Facing Home
  • Partially Fenced Property
  • Private Lot
  • Zoning described as 30

Parking

  • 2 Car Detached Garage

Home Design

  • Nantucket Architecture
  • Frame Construction
  • Blown-In Insulation
  • HardiePlank Type

Interior Spaces

  • 5,500 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • 2 Fireplaces
  • Entrance Foyer
  • Combination Dining and Living Room
  • Home Office
  • Storage
  • Wood Flooring
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Oven
  • Microwave
  • Dishwasher
  • Wine Cooler

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Powder Room

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Water Access
  • Bulkhead
  • Balcony
  • Deck
  • Patio

Additional Homes

  • Accessory Dwelling Unit (ADU)

Schools

  • Shelter Island Elementary And Middle School
  • Shelter Island High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Well
  • Tankless Water Heater
  • Septic Tank

Listing and Financial Details

  • Legal Lot and Block 37 / 1
  • Assessor Parcel Number 0700-010-00-01-00-037-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,027

Year Built

Built in 2013

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Architectural Style: Nantucket
  • Property SubType: Single Family Residence
  • Property Condition: MINT
  • Levels: Two
  • Year Built: 2013
  • New Construction: No
  • Attribution Contact: 631-477-0013
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer, Wine Cooler, Tankless Water Heater
  • Interior Amenities: Master Downstairs, First Floor Bedroom, Cathedral Ceiling(s), Den/Family Room, Eat-in Kitchen, Entrance Foyer, Home Office, Legal Accessory Apartment, Living Room/Dining Room Combo, Master Bath, Pantry, Powder Room, Storage, Walk-In Closet(s), Wet Bar
  • Living Area Units: Square Feet
  • Fireplaces: 2
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Basement: Bilco Door(s)
  • Inclusions: Convection Oven,Dishwasher,Dryer,Light Fixtures,Microwave,Pool Equipt/Cover,Refrigerator,Wall Oven,Washer,Wine Cooler
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Living Area: 5500
  • AtticDescription: Full,Pull Stairs
  • SquareFootage: 5500.00
  • NumberOfKitchens: 2

Exterior Features

  • Direction Faces: East
  • Construction Materials: Blown-In Insulation, Frame, HardiPlank Type
  • Frontage Length: 122
  • Waterfront Features: Bay/Harbor, Beach Front, Water Access, Waterfront
  • Fencing: Partial
  • Pool Features: In Ground
  • Pool Private: Yes
  • View: Other, Water
  • Exterior Features: Balcony, Bulkhead
  • Patio and Porch Features: Deck, Patio
  • View YN: Yes
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Description: Private, Detached, 2 Car Detached

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Propane, Forced Air
  • Sewer: Septic Tank
  • Water Source: Well
  • GarbageRemoval: Private
  • Hot Water: On Demand
  • NumberOfHeatingZones: 6

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Shelter Island School

Lot Info

  • Lot Size Acres: 1.3
  • Lot Size Area: 1.3
  • Lot Dimensions: 503x123
  • Lot Size Sq Ft: 56628
  • Lot Size Units: Acres
  • Lot Features: Private
  • Parcel Number: 0700-010-00-01-00-037-007
  • Zoning Description: 30
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No
  • Available Date: 2020-10-31

Tax Info

  • Tax Annual Amount: 23027.14
  • Tax Block: 1
  • Tax Lot: 37
  • Tax Map Number: 0700-010-00-01-00-037-007

MLS Schools

  • Elementary School: Shelter Island School
  • High School: Shelter Island School
  • Middle School District: Shelter Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2020
Closed on
Mar 1, 2021
Sold by
Loeffler Ann F
Bought by
Places To Dream Llc
Seller's Agent
Bridget Elkin
Compass Greater NY LLC
Buyer's Agent
Bridget Elkin
Compass Greater NY LLC
List Price
$4,995,000
Sold Price
$4,995,000
Current Estimated Value
$6,021,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,026,714
Avg. Annual Appreciation
4.25%
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Places To Dream Llc $4,995,000 None Available
Places To Dream Llc $4,995,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Loeffler Howard $1,286,401
Previous Owner Loeffler Ann F $250,000
Previous Owner Loeffler Ann F $12,803
Previous Owner Loeffler Ann $729,750
Previous Owner Mcconnell C Edward $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2021 03/08/21 Sold $4,995,000 0.0% $908 / Sq Ft
06/18/2020 06/18/20 Pending -- -- --
06/18/2020 06/18/20 For Sale $4,995,000 -- $908 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $24,165 $3,882,000 $1,326,000 $2,556,000
2023 $24,165 $3,790,000 $1,326,000 $2,464,000
2022 $23,855 $3,790,000 $1,326,000 $2,464,000
2021 $23,493 $3,790,000 $1,326,000 $2,464,000
2020 $23,027 $3,787,000 $1,326,000 $2,461,000
2019 $23,027 $0 $0 $0
2018 $21,754 $3,772,000 $1,443,600 $2,328,400
2017 $21,754 $3,649,000 $1,376,400 $2,272,600
2016 $22,034 $3,617,000 $1,376,400 $2,240,600
2015 -- $3,365,000 $1,347,100 $2,017,900
2014 -- $3,160,000 $1,317,900 $1,842,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3223538

OneKey® MLS

APN: 0700-010-00-01-00-037-007