Holy subdivision! The massive Shelter Island compound belonging to the St. Gabriel's Spiritual Center for Youth suddenly has a lot more going for it. The 25-acre waterfront property, which has belonged to St. Gabe's since the 1960s, just knocked $1 million off its $19.9 million asking price. Even though the PriceChop is marginal at best, it did draw our attention to a mind-boggling detail: the land can be subdivided into 21 home sites—the result of plans filed in 2009. But even if subdivisions aren't your thing, do consider buying the spread; a St. Gabriel's rep told Newsday a while back that they "need to sell the land to help pay for health care for their aging members."
· Listing: 64 Burns Road [Prudential]
· Listing: 24.81-Acre Compound on Coecles Harbor [BHS]
· A First-Timer Compound on Shelter Island [Curbed Hamptons]