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Shelter Island home sees its second price cut after almost three years on the market

It’s down $4M from the original asking price

All photos, Sotheby’s

The Shelter Island Heights home located at 27 Shore Road just got a $2 million slash in its price tag, bringing it down to an asking price of $9,995,000 under listing agent Jonathan Smith of Sotheby’s International Realty.

The waterfront home—built in 1980—was last sold in 1999 for $2,751,000 and went on the market in August of 2014 for $13.95 million. In May of 2015, the first price cut was made, bringing the asking price down to $11,995,000. Almost $4 million has been taken from the asking price since the home has gone on the market.

The most recent cut is only the second time the price on the home has changed in almost three years up for sale.

There is 4,700-square-feet of living space available on 4.1 acres of land in Dering Harbor, with seven bedrooms and eight full bathrooms. There is a main home in addition to a guest cottage, which is 1,200-square-feet with four bedrooms.

Features include wooden beams, wide-plank floors, a screened-in porch, renovated kitchen, and library. The master suite has cathedral ceilings, a fireplace, and private deck.

The property has 430-feet of water frontage.