5 Osprey Lane
Shelter Island, NY, 11964 $ 1,850,000
Bedrooms4 Baths4.1 Sq 1,608 Monthly Estimate*
$ 11,681
for $1,850,000 with 4 bedrooms and 4 full baths, 1 half bath. This 1,608 square foot home was built in 1974 on a lot size of 0.75.
Private Retreat with Separate Studio & Pool Potential Tucked away on Shelter Island's coveted southern peninsula, 5 Osprey Lane offers a rare combination of privacy, flexibility, and natural beauty within the sought-after Shorewood Farm enclave. Set on approximately 0.78 acres of beautifully landscaped grounds with room to add a pool, the property is designed for relaxed island living and effortless entertaining. Surrounded by the waters of Peconic Bay, Shorewood Farm is known for its exceptional waterfront setting and outdoor lifestyle. Residents enjoy access to a private association beach, community tennis courts, nearby boat launches at Wade's Beach, and convenient proximity to the South Ferry. Just moments away, the protected 2,350-acre Mashomack Preserve offers miles of scenic trails, tidal creeks, and old-growth forest, preserving the area's natural beauty for generations to come. The approximately 1,750-square-foot main residence features three bedrooms, two-and-a-half baths, a flexible bonus room, and a separate laundry room. Thoughtfully updated, the home is highlighted by a renovated kitchen and an inviting primary suite, blending modern comfort with timeless Shelter Island charm. Complementing the main house is a separate one-bedroom triplex studio offering approximately 1,390 square feet of additional living space. With multiple levels of wraparound decking overlooking the surrounding landscape, the studio provides exceptional versatility and privacy, making it ideal as a guest house, home office, artist's studio, or wellness retreat. Mature plantings and thoughtfully designed outdoor living spaces create a seamless connection between the homes and their natural surroundings. A wraparound bluestone patio anchors the outdoor setting, while the generous grounds provide ample opportunity for future enhancements, including the addition of a pool. Offering two distinct structures, exceptional privacy, and access to one of Shelter Island's most desirable waterfront communities, 5 Osprey Lane presents a unique opportunity to create a lasting island retreat.
See more
FeaturesInteriorInterior Amenities First Floor Bedroom Formal Dining Washer/Dryer Hookup
Basement Crawl Space
Basement Features Crawl Space
Basement (Y/N) Y
Half Baths 1
Total Bedrooms 4
Total Baths 5
See more
GeneralSewer Public Sewer
Heating Electric
Cooling Central Air
Utilities None
Appliances Dishwasher Dryer Freezer Oven Range Refrigerator Washer
Architectural Style Colonial
Construction Materials Other
Year Built 1974
Property Subtype Single Family Residence
Tax Year 2025
Parcel Number 0700-023-00-02-00-068-001
County Suffolk County
Property Type Residential
HOA N
Garage Y/N N
Total Rooms 6
Full Baths 4
High School Shelter Island School
City Shelter Island
Senior Community Y/N N
High School District Shelter Island
Carport Y/N N
Elementary School Shelter Island School
Property Attached Y/N N
Tax Annual Amount 5683
Middle/Junior High School Shelter Island School
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Shelter Island
Elementary School District Shelter Island
Tax Assessed Value 850000
See more
ExteriorParking Features Other Other
Water Source Private
Foundation Details Other
Building Area Total 1608
Waterfront Y/N N
See more
* Excluded FeaturesList ByJustin P. StolarczykListing Agent
Brown Harris Stevens HamptonsBroker
Affordability Calculator
- Monthly Principal & Interest
- $11,681
- Monthly Property Taxes
- $474
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Shelter Island, NY
Average List Price $2,758,150
Percent of Sale Price 49%
About Shelter Island, NY 2,298 Population
3% Since 2002
$ 104,276 Median Income
54.42 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
5168583 Elementary School
4100598 Middle School
Shelter Island School High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/9/2026 | $1,850,000 | | Listed Price |