This property has a lot to offer: a very handsome main house that's 5100sf, with four bedrooms, which includes incredible water views and a billiards room. Not enough space? There's also a 1900sf guest house with living room and fireplace, kitchen, two master suites, and a third bedroom. Of course there's a large (20 x 50) gunite pool on the 5.5 acres of land, which includes 340 feet of sandy beach and a dock for your boat. The houses have been built on a 3.1 acre lot; if desired, the property could be subdivided and the other 2.4 acres developed.
As for the asking price of $11.5M, this is one of the most expensive properties on Shelter Island, but it's in line with similar offerings.