100 S Ferry Rd · Shelter Island, NY
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 3/10 · Minor
- Est. fire insurance / yr
- $691 – $1,283
Heat risk 5/10 · Moderate
- Hot days now (above 90°F)
- 7 days/yr
- Hot days in 30 yrs
- 19 days/yr
Wind risk 8/10 · Major
- Chance of severe wind over 30 yrs
- 80.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the A- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Appreciation +6.0/10.0
- Schools +4.1/10.0
- Livability +3.0/5.0
- Rent growth +2.5/5.0
- Condition / age +2.5/5.0
$4,295,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
A buyers dream rooted in nature, enhanced by design. This modern farmhouse nestled in the heart of Shelter Island, NY. completed in 2024, sits on a generous 2.16 acres of immaculate grounds, is a mere half mile from the South Ferry, placing convenience at your doorstep. Boasting six bedrooms, each with their own en-suite, and two additional half-baths, this residence effortlessly blends style and function. The open floor plan is an entertainer's dream, seamlessly connecting the living, dining, and kitchen areas. The expansive living room showcases large vaulted ceilings with a floor to ceiling doors with transoms, inviting an abundance of natural light into the space, creating a warm and welcoming atmosphere with an indoor outdoor flow. The kitchen is a culinary delight featuring high-end stainless steel appliances, modern shaker style cabinetry, a wet bar, and pantry. The design is thoughtful and efficient, making it the perfect place to prepare meals and entertain guests. The primary suite, located for optimal privacy, is a sanctuary of peace and relaxation. It features a double shower with steam, creating a spa-like experience within your own home. The second-floor hosts three additional en-suite bedrooms, one of which has its own private deck, offering a tranquil space for morning coffee or evening reflection. The lower level presents a TV room and two more en-suite bedrooms, offering flexibility for various lifestyle needs. The property also includes a heated gunite pool, a large tiled patio, and a pickle ball/sport court, promising endless outdoor entertainment. The entire home is unified by stunning white oak flooring and complemented by well-thought-out outdoor landscape lighting, emphasizing the property's architectural beauty. The community environment is as inviting as the home itself. With easy access to local amenities and the South Ferry, residents can enjoy the best of Shelter Island living but also having the convenience to the “Sag Harbor Village” and “The Hamptons”. Experience the perfect blend of modern luxury and comfort in this well-designed home. No expense was spared in creating this oasis.
Key facts
- 2.16 acre lot
- 2 garage spots
- Pool
Neighborhood map
What this means for you Summary
Snapshot
- This is a 6-bed/7.0-bath single-family listed at $4.29M.
Deal economics
- At list price, monthly cash flow is $29k ($353k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($70k rent vs $4.29M).
- Recommended offer: $3.78M (12.0% below list) — sets the bar for market timing.
Location & tenants
- Location reads 60/100 on livability (#998 in NY) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+; Watch: amenities F, commute F, cost of living F.
- Shelter Island Union Free School District (rural): math 40% / reading 45% proficiency, ranked #546 of 755 in NY (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 16% free/reduced lunch — higher-income household profile.
- Market conditions: 39 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 1,366 units permitted in Suffolk County in 2024 (216 in 5+ unit buildings).
Forward outlook
- In year one you build about $114k of equity ($30k loan paydown + $85k appreciation (2.0% local appreciation)).
- Suffolk County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
- At projected returns (2.0% appreciation + 3.0% rent growth), your $1.20M cash investment doubles in ~3 years — after that, you're playing with house money.
- By year 3, paydown + projected appreciation supports a ~$290k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 389 days — a 12% lower offer ($3.78M) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts since 4y ago; this cycle's ask has dropped $600k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $3.43M; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 389 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 1.62% ✓
- Cap rate
- 14.51%
- Cash-on-cash
- 29.36%
- DSCR
- 2.31
- GRM
- 5.1
CMA / ARV
- ARV (median comp)
- $5,349,496
- List price
- $4,295,000
- Delta
- -19.71%
- Verdict
- UNDERPRICED
- Comps
- 3 within 1.0 mi
Show comp detail 1 sale within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 9 / 7 Westmoreland Dr | 0.75mi | 6/4.5 | 4,957 (-12%) | 8mo | $4,350,000 | $878 | 29 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
1.97% appreciation · 3.0% rent growth · sell at horizon
- IRR
- 33.4%
- Equity multiple
- 2.80×
- Total profit
- $2,160,241
- Equity at exit
- $1,686,845
- IRR
- 34.7%
- Equity multiple
- 5.46×
- Total profit
- $5,360,706
- Equity at exit
- $2,423,551
Cash invested: $1,202,600 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 15 Strongly Tenant-Friendly
- State New York
- 15 Strongly Tenant-Friendly · D+10
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 11964
- Home prices YoY
- 0.4%
- Active inventory
- 39
- Price-to-rent
- 5.1×
Monthly cashflow live
- Estimated rent
- $69,595 medium interval (Pro) →
- Mortgage (P&I)
- −$22,523
- Tax from tax record
- −$1,243 /mo · $14,915/yr
- Insurance
- −$1,790
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$14,615
- Net cashflow
- $29,424
Break-even live
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $1,073,750
- Closing costs
- $128,850
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 3 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 7 North Dr Sag Harbor, NY | 5.0 | 4.0 | 4000 | $60,000 | $15.00 | 22d | 1 | 0.96mi |
| 15 Montclair Ave Shelter Island, NY | 6.0 | 4.5 | 4600 | $75,000 | $16.30 | 22d | 1 | 1.36mi |
| 19 Fairlea Ct Sag Harbor, NY | 5.0 | 5.5 | 5500 | $75,000 | $13.64 | 43d | 1 | 1.37mi |
Listing history 27 events
-
2026-06-18days on market $4,295,000 Active 389 DOM
-
2026-06-17days on market $4,295,000 Active 388 DOM
-
2026-06-16days on market $4,295,000 Active 387 DOM
-
2026-06-15days on market $4,295,000 Active 386 DOM
-
2026-06-13days on market $4,295,000 Active 384 DOM
-
2026-06-13days on market $4,295,000 Active 383 DOM
-
2026-06-09days on market $4,295,000 Active 380 DOM
-
2026-06-08days on market $4,295,000 Active 379 DOM
-
2026-06-07days on market $4,295,000 Active 378 DOM
-
2026-06-04pricedays on market $4,295,000 Active 375 DOM
-
2026-06-03days on market $4,445,000 Active 374 DOM
-
2026-06-02days on market $4,445,000 Active 373 DOM
-
2026-06-01days on market $4,445,000 Active 372 DOM
-
2026-05-31days on market $4,445,000 Active 371 DOM
-
2026-01-29price $4,445,000 2175-char remark
Show marketing remark (2175 chars)
A buyers dream rooted in nature, enhanced by design. This modern farmhouse nestled in the heart of Shelter Island, NY. completed in 2024, sits on a generous 2.16 acres of immaculate grounds, is a mere half mile from the South Ferry, placing convenience at your doorstep. Boasting six bedrooms, each with their own en-suite, and two additional half-baths, this residence effortlessly blends style and function. The open floor plan is an entertainer's dream, seamlessly connecting the living, dining, and kitchen areas. The expansive living room showcases large vaulted ceilings with a floor to ceiling doors with transoms, inviting an abundance of natural light into the space, creating a warm and welcoming atmosphere with an indoor outdoor flow. The kitchen is a culinary delight featuring high-end stainless steel appliances, modern shaker style cabinetry, a wet bar, and pantry. The design is thoughtful and efficient, making it the perfect place to prepare meals and entertain guests. The primary suite, located for optimal privacy, is a sanctuary of peace and relaxation. It features a double shower with steam, creating a spa-like experience within your own home. The second-floor hosts three additional en-suite bedrooms, one of which has its own private deck, offering a tranquil space for morning coffee or evening reflection. The lower level presents a TV room and two more en-suite bedrooms, offering flexibility for various lifestyle needs. The property also includes a heated gunite pool, a large tiled patio, and a pickle ball/sport court, promising endless outdoor entertainment. The entire home is unified by stunning white oak flooring and complemented by well-thought-out outdoor landscape lighting, emphasizing the property's architectural beauty. The community environment is as inviting as the home itself. With easy access to local amenities and the South Ferry, residents can enjoy the best of Shelter Island living but also having the convenience to the “Sag Harbor Village” and “The Hamptons”. Experience the perfect blend of modern luxury and comfort in this well-designed home. No expense was spared in creating this oasis.
-
2025-10-28price $4,495,000 2175-char remark
Show marketing remark (2175 chars)
A buyers dream rooted in nature, enhanced by design. This modern farmhouse nestled in the heart of Shelter Island, NY. completed in 2024, sits on a generous 2.16 acres of immaculate grounds, is a mere half mile from the South Ferry, placing convenience at your doorstep. Boasting six bedrooms, each with their own en-suite, and two additional half-baths, this residence effortlessly blends style and function. The open floor plan is an entertainer's dream, seamlessly connecting the living, dining, and kitchen areas. The expansive living room showcases large vaulted ceilings with a floor to ceiling doors with transoms, inviting an abundance of natural light into the space, creating a warm and welcoming atmosphere with an indoor outdoor flow. The kitchen is a culinary delight featuring high-end stainless steel appliances, modern shaker style cabinetry, a wet bar, and pantry. The design is thoughtful and efficient, making it the perfect place to prepare meals and entertain guests. The primary suite, located for optimal privacy, is a sanctuary of peace and relaxation. It features a double shower with steam, creating a spa-like experience within your own home. The second-floor hosts three additional en-suite bedrooms, one of which has its own private deck, offering a tranquil space for morning coffee or evening reflection. The lower level presents a TV room and two more en-suite bedrooms, offering flexibility for various lifestyle needs. The property also includes a heated gunite pool, a large tiled patio, and a pickle ball/sport court, promising endless outdoor entertainment. The entire home is unified by stunning white oak flooring and complemented by well-thought-out outdoor landscape lighting, emphasizing the property's architectural beauty. The community environment is as inviting as the home itself. With easy access to local amenities and the South Ferry, residents can enjoy the best of Shelter Island living but also having the convenience to the “Sag Harbor Village” and “The Hamptons”. Experience the perfect blend of modern luxury and comfort in this well-designed home. No expense was spared in creating this oasis.
-
2025-09-08price $4,795,000 2175-char remark
Show marketing remark (2175 chars)
A buyers dream rooted in nature, enhanced by design. This modern farmhouse nestled in the heart of Shelter Island, NY. completed in 2024, sits on a generous 2.16 acres of immaculate grounds, is a mere half mile from the South Ferry, placing convenience at your doorstep. Boasting six bedrooms, each with their own en-suite, and two additional half-baths, this residence effortlessly blends style and function. The open floor plan is an entertainer's dream, seamlessly connecting the living, dining, and kitchen areas. The expansive living room showcases large vaulted ceilings with a floor to ceiling doors with transoms, inviting an abundance of natural light into the space, creating a warm and welcoming atmosphere with an indoor outdoor flow. The kitchen is a culinary delight featuring high-end stainless steel appliances, modern shaker style cabinetry, a wet bar, and pantry. The design is thoughtful and efficient, making it the perfect place to prepare meals and entertain guests. The primary suite, located for optimal privacy, is a sanctuary of peace and relaxation. It features a double shower with steam, creating a spa-like experience within your own home. The second-floor hosts three additional en-suite bedrooms, one of which has its own private deck, offering a tranquil space for morning coffee or evening reflection. The lower level presents a TV room and two more en-suite bedrooms, offering flexibility for various lifestyle needs. The property also includes a heated gunite pool, a large tiled patio, and a pickle ball/sport court, promising endless outdoor entertainment. The entire home is unified by stunning white oak flooring and complemented by well-thought-out outdoor landscape lighting, emphasizing the property's architectural beauty. The community environment is as inviting as the home itself. With easy access to local amenities and the South Ferry, residents can enjoy the best of Shelter Island living but also having the convenience to the “Sag Harbor Village” and “The Hamptons”. Experience the perfect blend of modern luxury and comfort in this well-designed home. No expense was spared in creating this oasis.
-
2025-05-26$4,895,000 Active 2175-char remark
Show marketing remark (2175 chars)
A buyers dream rooted in nature, enhanced by design. This modern farmhouse nestled in the heart of Shelter Island, NY. completed in 2024, sits on a generous 2.16 acres of immaculate grounds, is a mere half mile from the South Ferry, placing convenience at your doorstep. Boasting six bedrooms, each with their own en-suite, and two additional half-baths, this residence effortlessly blends style and function. The open floor plan is an entertainer's dream, seamlessly connecting the living, dining, and kitchen areas. The expansive living room showcases large vaulted ceilings with a floor to ceiling doors with transoms, inviting an abundance of natural light into the space, creating a warm and welcoming atmosphere with an indoor outdoor flow. The kitchen is a culinary delight featuring high-end stainless steel appliances, modern shaker style cabinetry, a wet bar, and pantry. The design is thoughtful and efficient, making it the perfect place to prepare meals and entertain guests. The primary suite, located for optimal privacy, is a sanctuary of peace and relaxation. It features a double shower with steam, creating a spa-like experience within your own home. The second-floor hosts three additional en-suite bedrooms, one of which has its own private deck, offering a tranquil space for morning coffee or evening reflection. The lower level presents a TV room and two more en-suite bedrooms, offering flexibility for various lifestyle needs. The property also includes a heated gunite pool, a large tiled patio, and a pickle ball/sport court, promising endless outdoor entertainment. The entire home is unified by stunning white oak flooring and complemented by well-thought-out outdoor landscape lighting, emphasizing the property's architectural beauty. The community environment is as inviting as the home itself. With easy access to local amenities and the South Ferry, residents can enjoy the best of Shelter Island living but also having the convenience to the “Sag Harbor Village” and “The Hamptons”. Experience the perfect blend of modern luxury and comfort in this well-designed home. No expense was spared in creating this oasis.
-
2025-05-19historical $4,895,000 2175-char remark
Show marketing remark (2175 chars)
A buyers dream rooted in nature, enhanced by design. This modern farmhouse nestled in the heart of Shelter Island, NY. completed in 2024, sits on a generous 2.16 acres of immaculate grounds, is a mere half mile from the South Ferry, placing convenience at your doorstep. Boasting six bedrooms, each with their own en-suite, and two additional half-baths, this residence effortlessly blends style and function. The open floor plan is an entertainer's dream, seamlessly connecting the living, dining, and kitchen areas. The expansive living room showcases large vaulted ceilings with a floor to ceiling doors with transoms, inviting an abundance of natural light into the space, creating a warm and welcoming atmosphere with an indoor outdoor flow. The kitchen is a culinary delight featuring high-end stainless steel appliances, modern shaker style cabinetry, a wet bar, and pantry. The design is thoughtful and efficient, making it the perfect place to prepare meals and entertain guests. The primary suite, located for optimal privacy, is a sanctuary of peace and relaxation. It features a double shower with steam, creating a spa-like experience within your own home. The second-floor hosts three additional en-suite bedrooms, one of which has its own private deck, offering a tranquil space for morning coffee or evening reflection. The lower level presents a TV room and two more en-suite bedrooms, offering flexibility for various lifestyle needs. The property also includes a heated gunite pool, a large tiled patio, and a pickle ball/sport court, promising endless outdoor entertainment. The entire home is unified by stunning white oak flooring and complemented by well-thought-out outdoor landscape lighting, emphasizing the property's architectural beauty. The community environment is as inviting as the home itself. With easy access to local amenities and the South Ferry, residents can enjoy the best of Shelter Island living but also having the convenience to the “Sag Harbor Village” and “The Hamptons”. Experience the perfect blend of modern luxury and comfort in this well-designed home. No expense was spared in creating this oasis.
-
2024-08-01soldstatus $3,425,200 Closed 1152-char remark
Show marketing remark (1152 chars)
New construction ready in June. Sun-drenched living unfolds in this 2.16-acre south-facing haven, where light bathes a charming Hampton's-style shingled home. Relax by the sparkling Gunite pool, accessible through expansive glass doors from the 2-story living room, warmed by the soaring fireplace. Unleash your inner chef in the spacious kitchen, boasting shaker-style white cabinets, gleaming quartz counters, and top-of-the-line stainless steel appliances. The adjoining family room beckons with its cozy gas fireplace and seamless access to the patio, perfect for effortless entertaining. Unwind in one of 6 bedrooms, each offering a peaceful escape. Indulge in self-care in 6 full and 2 half baths. The partially finished lower level presents additional flexibility with 2 bedrooms, 2 baths, and living area, ideal for guests or a media room. The 2-car garage is directly connected to the kitchen. Escape to charming Sag Harbor in mere minutes, with the South Ferry just .5 miles away. Make idyllic Shelter Island your home., Additional information: Appearance:Diamond,Cooling:SEER Rating 12+,Green Features:Insulated Doors,Interior Features:Lr/Dr
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2024-05-07status Pending 1152-char remark
Show marketing remark (1152 chars)
New construction ready in June. Sun-drenched living unfolds in this 2.16-acre south-facing haven, where light bathes a charming Hampton's-style shingled home. Relax by the sparkling Gunite pool, accessible through expansive glass doors from the 2-story living room, warmed by the soaring fireplace. Unleash your inner chef in the spacious kitchen, boasting shaker-style white cabinets, gleaming quartz counters, and top-of-the-line stainless steel appliances. The adjoining family room beckons with its cozy gas fireplace and seamless access to the patio, perfect for effortless entertaining. Unwind in one of 6 bedrooms, each offering a peaceful escape. Indulge in self-care in 6 full and 2 half baths. The partially finished lower level presents additional flexibility with 2 bedrooms, 2 baths, and living area, ideal for guests or a media room. The 2-car garage is directly connected to the kitchen. Escape to charming Sag Harbor in mere minutes, with the South Ferry just .5 miles away. Make idyllic Shelter Island your home., Additional information: Appearance:Diamond,Cooling:SEER Rating 12+,Green Features:Insulated Doors,Interior Features:Lr/Dr
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2024-03-22$3,895,000 Active 1152-char remark
Show marketing remark (1152 chars)
New construction ready in June. Sun-drenched living unfolds in this 2.16-acre south-facing haven, where light bathes a charming Hampton's-style shingled home. Relax by the sparkling Gunite pool, accessible through expansive glass doors from the 2-story living room, warmed by the soaring fireplace. Unleash your inner chef in the spacious kitchen, boasting shaker-style white cabinets, gleaming quartz counters, and top-of-the-line stainless steel appliances. The adjoining family room beckons with its cozy gas fireplace and seamless access to the patio, perfect for effortless entertaining. Unwind in one of 6 bedrooms, each offering a peaceful escape. Indulge in self-care in 6 full and 2 half baths. The partially finished lower level presents additional flexibility with 2 bedrooms, 2 baths, and living area, ideal for guests or a media room. The 2-car garage is directly connected to the kitchen. Escape to charming Sag Harbor in mere minutes, with the South Ferry just .5 miles away. Make idyllic Shelter Island your home., Additional information: Appearance:Diamond,Cooling:SEER Rating 12+,Green Features:Insulated Doors,Interior Features:Lr/Dr
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2023-05-16soldstatus $585,000 Closed
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2023-03-24status Pending
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2022-11-18$650,000 Active
-
2004-03-02soldstatus $310,000
-
2002-12-05soldstatus $500,000
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast NY · Partial reset (capped growth)
- Current annual tax
- $14,915 · $1,243/mo
- Projected year-2 tax
- $43,750 · $3,646/mo
- Expected delta
- +$28,835/yr (+$2,403/mo · 193.3%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 3/10 Moderate
- Heat 5/10 Major 7 d/yr ≥90°F today · 19 d/yr by 30 yrs out
- Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $835,142
- − Mortgage interest
- −$240,587
- − Property taxes
- −$14,915
- − Insurance
- −$21,475
- − Repairs & maintenance
- −$66,811
- − Management
- −$66,811
- − Depreciation
- −$124,945
- Taxable income
- $299,596
- Est. tax owed @ 24.0%
- −$71,903
- After-tax cash flow
- $281,187/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Shelter Island Union Free School District
- NCES district ID
- 3626640
- Math proficiency
- 40% ▼ -15.00%
- Reading proficiency
- 45% ▼ -15.00%
- Median HH income
- $75,456
- Composite
- 41.31/100
- National rank
- #7365
- State rank
- #546 of 755 in NY
Livability — Shelter Island
- Score
- 60/100
- State rank
- #998
- US rank
- #19481
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Shelter Island, NY
- City population
- 3,279
- Population (ZIP)
- 2,858
Population outlook (Suffolk County) Hauer SSP2
- Today (2025)
- 1,505,262 people
- By 2030
- 1,498,318 · -0.5%
- By 2040
- 1,471,101 · -2.3%
- By 2050
- 1,424,848 · -5.3%
- By 2075
- 1,337,157 · -11.2%
- By 2100
- 1,217,720 · -19.1%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.57)
- Race & ethnicity
- White 62% Hispanic / Latino 21% Native American 15% Two or more races 7% Asian 6%
- Hispanic origin (detail)
- Mexican 16%
- Common ancestry
- Italian 13% Romanian 5% Portuguese 1%
- Foreign-born
- 15% · Canada
- Languages at home
- 78% English-only · Spanish 18% Other Indo-European 3%
Political lean MEDSL · Suffolk
- 2024 margin
- Lean R (+10.0) · D 45.0% · R 55.0%
- 2008→2024 swing
- -16.0pp toward R · 2008: 6.0pp · 2024: -10.0pp
- All cycles
- 2024: R+10.0 2020: R+0.0 2016: R+8.2 2012: D+2.9 2008: D+6.0
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▲ 1.97%
- Current HPI
- 476.2348
- Rent YoY
- —
- Metro
- —
- State GDP YoY
- ▲ 2.60%
- F500 in state
- 92
Industry mix (Fortune 500 HQ in NY)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Financial Services | 10 | $950B |
|
||
| Consumer Goods | 9 | $162B |
|
||
| Insurance | 4 | $225B |
|
||
| Telecommunications | 2 | $144B |
|
||
| Pharmaceuticals | 2 | $112B |
|
||
| Media / Entertainment | 2 | $69B |
|
||
Price history
+789.0% since first listed13 events — show timeline
- 2026-01-29 Price Changed $4,445,000 OneKey® MLS as Distributed by MLS Grid
- 2025-10-28 Price Changed $4,495,000 OneKey® MLS as Distributed by MLS Grid
- 2025-09-08 Price Changed $4,795,000 OneKey® MLS as Distributed by MLS Grid
- 2025-05-26 Listed $4,895,000 OneKey® MLS as Distributed by MLS Grid
- 2025-05-19 Coming Soon $4,895,000 OneKey® MLS as Distributed by MLS Grid
- 2024-08-01 Sold (MLS) $3,425,200 OneKey® MLS as Distributed by MLS Grid
- 2024-05-07 Pending — OneKey® MLS as Distributed by MLS Grid
- 2024-03-22 Listed $3,895,000 OneKey® MLS as Distributed by MLS Grid
- 2023-05-16 Sold (MLS) $585,000 OneKey® MLS as Distributed by MLS Grid
- 2023-03-24 Pending — OneKey® MLS as Distributed by MLS Grid
- 2022-11-18 Listed $650,000 OneKey® MLS as Distributed by MLS Grid
- 2004-03-02 Sold (Public Records) $310,000 Public Records
- 2002-12-05 Sold (Public Records) $500,000 Public Records
Property tax history
+10.7%/yrLatest (2025): $14,915 · +0.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…