The most expensive home for sale on Shelter Island slashes $7M off the asking price

The home at 25 Nostrand Parkway on Shelter Island has been the most expensive home on the stretch of land since it came on the market back in 2016. At the time, it was listed for $32 million. Earlier this week, the home received its first cut in price tag since coming on the market, bringing it down to $25 million.

The $7 million cut was 21.9 percent of the original asking price. The home went down by $1,000 per square foot—from $4,571 per square foot to $3,571 per square foot.

Despite its price cut, the property is still the most expensive for sale on Shelter Island by a long shot—the next property to follow in price is at 3 & 4 Sylvester Road, which is asking $12.5 million.

Built in 1880, the 7,000-square-foot Queen Anne-style home has seven bedrooms and seven and a half bathrooms on 4.8 acres of land. The property features over 400 feet of direct water frontage and an 80-foot L-shaped dock and adjacent boat house.

Recently restored and updated, the home has two fireplaces, a wraparound porch, sitting rooms, and an eat-in kitchen. Guests will enjoy the windmill guest house, which has a full guest suite, kitchen, living and dining area, and a staircase that leads to the top for full water views.

Outside, one will find a heated gunite pool, gazebo, spa, basketball court, and Har-Tru tennis court.

• Extraordinary 1880 Shelter Island Estate at an Extraordinary Price [Curbed Hamptons]
• Most Extraordinary World-Class Estate [Sotheby’s]