3 months on rocket

8 Cove Way, Shelter Island, NY, 11964

$5,995,000

4 Bedrooms
5 Full Baths
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
ParkingPrivate, Driveway
Year Built1998
HeatingNatural Gas, Forced Air
CoolingCentral Air
WaterfrontWaterfront
MLS #L3578053
StatusActive

About 8 Cove Way

This stunning, fully renovated waterfront home features 4 bedrooms and 5 baths, with year-round blooming gardens. It boasts 113 feet of waterfront, a stone patio with a firepit, and a Gunite heated pool surrounded by lush landscaping for privacy. Perched on a bluff, winding stairs lead to a dock with 4.5 feet at low tide. The home includes two primary suites with water views, two guest suites, a living room with cathedral ceilings, a large kitchen and dining area, a full bath, and a media room. All rooms offer views of the stone patio and water. Ready for immediate move-in. Schedule a viewing soon.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1998

Listing Office:

  • Office Name: Douglas Elliman Real Estate
  • Office Phone: (631) 725-0200

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: No
  • Interior: Master Downstairs

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Waterfront
  • Exterior: Boat Dock

Parking Information:

  • Parking: Private, Driveway

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $5,995,000

Tax Information:

  • Annual Amount: $15,100
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Shelter Island, NY.

Med. List Price

$2.4M

Med. Price/SqFt

$874

Avg. Days On Market

176

8 Cove Way vs Shelter Island

112 DAYS ON ROCKET

-64 Days

$5,995,000

+$3.5M More

KEY TAKEAWAY

This property is $3.5M more than the Median List Price in Shelter Island, NY.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY2
  • MLS Number: #L3578053

Listing Office:

  • Office Name: Douglas Elliman Real Estate
  • Office Phone: (631) 725-0200

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/2/2025, 8:11:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 10, 2015Home Sold
$1,940,000
Nov 08, 2012Home Sold
$1,700,000

Tax History

YEARPROP. TAXASSESSMENT
2020$15,100$2,434,000
2019$14,816$2,429,000
2018 - $2,421,000

History based on county public records data.

Payment Calculator

$29.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$18K

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2570192
3
/10
  • Greenport Elementary School

  • 720 Front St

  • 3.01 miles

  • Public District Grades PK-6

school-card-donut-2570193
7
/10
  • Southold Elementary School

  • 420 Oaklawn Ave

  • 4.39 miles

  • Public District Grades KG-6

school-card-donut-2570194
6
/10
  • Sag Harbor Elementary School

  • 68 Hampton St

  • 5.39 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $74,627. Most Shelter Island, NY residents have annual incomes between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8 Cove Way

What is the listing price of this property?

The listing price of 8 Cove Way property is $5,995,000.

What type of property is this?

The property 8 Cove Way is a house located in Shelter Island, New York, 11964.

Is this property for sale now?

Active Listing: 8 Cove Way is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $15,100 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 10, 2015 for $1,940,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 8 Cove Way has 4 bedrooms and 5 bathrooms.

Which year was this property built?

The year of construction for 8 Cove Way is 1998.
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Rocket HomesNew YorkSuffolk CountyShelter Island119648 Cove Way

This home is located at 8 Cove Way in Shelter Island, NY and zip code 11964. This home was built in 1998. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 11, 2024 and is currently priced at $5,995,000.

Between November 2024 and December 2024, Shelter Island, NY real estate market has seen decrease in the number of listings by 5.9%. While the average time on the market in December 2024 was 176 days, the median list price was $2,495,000.

From Rocket Homes Real Estate and based on county public records data.

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