11/03/16 6:02am
25 Nostrand parkway, Shelter Island, NY

The property includes a heated gunite pool. (Credit: Photos courtesy of Sotheby’s International Realty)

“Situated beyond the contamination of air and water due to great cities, upon the shores of clear salt water over a sand and pebbly bottom, near no large meadows, free from malaria, the air being pure, dry and balmy, this place offers a retreat for all who wish to retain or regain their health.”

So reads an 1894 ad published in the New York Daily Tribune touting the benefits of a home in a new development called West Neck Park in Shelter Island. Although there were originally plans for hundreds of cottages, according to a historical map, only a handful of houses were actually constructed.

But more than 120 years later, one of those homes — an exquisitely preserved Queen Anne mansion set on a rolling 4.8-acre estate — has hit the market for $32 million. (more…)

05/02/13 6:00pm

TR0523_RE_Shelter2_ctsy_C.jpg

Call it Shelterhampton. Well, maybe not yet.

Shelter Island still lacks the conspicuous consumption and snarled summer traffic of neighboring towns to its south, but a new block of real estate listings with prices typically seen in the Hamptons raises questions about where the Island real estate market is headed. For example, who are the buyers eyeing astronomically priced property here rather than in the Hamptons? (more…)