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Shelter Island, NY 11964
$3,995,000
  • For Sale
  • FORECLOSURE
  • 9 Bedrooms
  • 9 Full Baths
  • 5838 SqFt
  • Year Built 1902
  • Multi Family
  • ML# 3569658

Property Details

Overview

Step into timeless elegance with this iconic single-family residence with an option for an owner-occupied 5-bedroom bed & breakfast (B&B) license. Originally constructed in 1902 and beautifully reimagined to meet modern standards. Nestled in the serene Shelter Island Heights, 7 Stearns Point Road offers an exquisite blend of historic charm and contemporary luxury. This expansive property sits on a 0.70- acre parcel, equipped with 5, 838 +/- sq. ft. of living space, plus a spacious basement level adding 2, 588 +/- sq. ft. The property features 7 ensuite bedrooms complemented by 2 large living rooms and a well-appointed kitchen. Recent renovations have expanded the living space to include an extension with 2 additional bedrooms, a stunning double-height Great Room, as well as a state-of-the-art gym/yoga studio. Enjoy the beautiful backyard with a heated 40x18 in-ground Gunite pool, perfect for relaxing after a day exploring the nearby Crescent Beach and Sunset Beach which is moments away. The property also includes a full liquor license, which enhances its appeal as a premier vacation destination. The spacious basement areas provide ample storage and laundry facilities, ensuring convenience. A wonderful investment opportunity for an owner-occupied 5-bedroom bed and breakfast. The property also includes 2 driveways. Key Features: - Historic property built in 1902, fully renovated - 9 bedrooms and 9 bathrooms, including recent additions - Option for an owner-occupied 5 Bedroom bed and breakfast - Two driveways - Heated 40x18 in-ground Gunite pool - State-of-the-art gym/yoga studio - Full-height basements for storage and laundry - Walking distance to Crescent Beach & Sunset Beach - Full liquor license

Key Facts

  • SqFt: 5838.00
  • Style: Barn
  • Lot Size: 0.7
  • Lot Sq Ft: 30492
  • Taxes: $8,017
  • Foreclose: Yes
  • School District#: 1
  • School District: Shelter Island
  • Block: 1
  • Lot: 40

Additional Features

  • Construction Materials: Post and Beam, HardiPlank Type, Wood Siding
  • Interior Features: 
    Master Downstairs, First Floor Bedroom, Cathedral Ceiling(s), Den/Family Room, Eat-in Kitchen, Exercise Room, Formal Dining, Entrance Foyer, Guest Quarters, Home Office, Master Bath, Powder Room, Storage, Walk-In Closet(s), Wet Bar
  • Garage: 0.0
  • Parking Spaces: Yes
  • Parking Spaces: 14
  • Parking Facilities: Private, Assigned, Driveway, Off Street, Other
  • Wood Floors: Yes

Rooms & Floor Plans

  • Bedroom: 9
  • Family Room: 1
  • Full Bath: 9

Interior & Utilities

  • Washer: Yes
  • Dryer: Yes
  • Refrigerator: Yes
  • Dishwasher: Yes
  • Stoves: Yes
  • Heat: Oil, Forced Air, See Remarks
  • A/C: Central Air, Window Unit(s)
  • Water: Well, Private
  • Sewer: Cesspool
  • Garbage Removal: Private
  • Alarm System: Yes
  • Shades and Blinds: Yes

Financial

  • Taxes: $8,017
Listing Information provided courtesy of Douglas Elliman Real Estate  631-329-9400
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