9 Margarets Dr, Shelter Island, NY, 11964
About This Home
Originally conceived as the Laguna Project, 9 Margarets is an AIA award-winning modern residence on Shelter Island that brings together architecture, light, and exceptional indoor-outdoor living across ~5,530A± SF of thoughtfully designed space, including a substantial finished lower level. Offering 4 en-suite bedrooms, 5 full baths, and 1 half bath, the home is defined by vaulted, light-filled interiors, seamless flow, expansive glass, curated materials, and a striking two-sided fireplace that strengthens the connection between indoors and out. A chef's kitchen with top-tier appliances anchors the living and dining spaces, while custom millwork and refined finishes elevate the home's disciplined architectural approach, developed in collaboration with Sean Murphy and James Merrell. All bedroom suites open directly to the outdoor setting, reinforcing the property's resort-like atmosphere. Outside, a 50' x 17' heated saltwater gunite pool is framed by expansive decking, multiple lounge and dining areas, a pool house with full bath, outdoor shower, and mature landscaping that balances privacy with openness. Set on a quiet, tree-lined street moments from Shelter Island's restaurants, marinas, beaches, and ferry connections to Sag Harbor and the North Fork, the residence is architecturally significant, refined, and distinctly Shelter Island.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2022
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Yes
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Cooling
- Cooling features: Central Air
Features
- Fireplace: Yes
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 0700018000200067000
Features
- Private pool: Yes
- Pool features: Heated
Lot
- Lot size: 0.91 Acres
Parking
- Parking features: GarageAttached
- Has garage: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Hurricane
- Inland Flooding
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Suffolk County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $26,546 | $318,552 |
| Home Insurance * | $1,351 | $16,212 |
| Property Taxes | $2,562 | $30,744 |
| Electricity | $246 | $2,954 |
| Total | $30,705 | $368,460 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-07 | Listed for sale | $5,395,000 |
| 2022-09-27 | Listing removed | -- |
| 2022-06-22 | Listed for rent | $110,000 |
| 2021-01-04 | Listing removed | -- |
| 2020-12-27 | Listed for sale | $2,795,000 |
| 2020-12-19 | Pending sale | $2,795,000 |
| 2020-10-17 | Listed for sale | $2,795,000 |
| 2018-06-14 | Sold | $398,000 |
| 2017-08-25 | Sold | $385,000 |
| 2015-12-16 | Listing removed | $390,000 |
| 2014-12-13 | Price change | $390,000 |
| 2014-06-02 | Listed for sale | $399,000 |
For Sale by Agent
View on Zillow