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15 Menantic Rd, Shelter Island, NY, 11964

5beds
6baths
0sqft
$4,800,000
--price/sqft
$27,705/moest. monthly cost
$1,108,200/yrincome needed

About This Home

Set along the tranquil shores of Menantic Creek, this extraordinary 2.9-acre waterfront offering presents a truly rare opportunity to own a multi-generational compound comprised of two separate parcels, thoughtfully assembled into one remarkable estate. Surrounded by natural beauty and commanding picturesque creek views, the property offers unmatched waterfront living, with over 100ft of water frontage collectively, in one of Shelter Island's most coveted locations. For boating enthusiasts, Menantic Creek provides convenient access to both the North and South Forks, with Montauk just a short cruise away. The estate is exceptionally equipped for life on the water, featuring a 100-foot stationary dock, floating dock, anchor pilings, and the opportunity for two moorings, creating a seamless connection to the surrounding waterways. 15A Menantic Road showcases 3,944 square feet of renovated living space spanning across two floors. Designed to embrace its waterfront setting, the residence offers five bedrooms, multiple living and entertaining areas, a garage, and stunning views from many of its principal rooms. Adjacent to the main residence, #15 Menantic Road is a pristine 1.3-acre vacant waterfront parcel that presents endless possibilities for future expansion, further enhancing the estate's compound potential. Mature specimen trees and beautifully established grounds create a park-like setting throughout the property, offering a sense of serenity and seclusion rarely found along the waterfront. Combining significant acreage, boating infrastructure, and future potential, this is a once-in-a-lifetime opportunity to establish a legacy compound on Shelter Island.

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

8/10
Shelter Island SchoolGrades PK-120.7 mi

Construction

Condition

  • Year built: 1983

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 4
  • 1/2 bathrooms: 2

Cooling

  • Cooling features: Central Air

Features

  • Fireplace: Yes

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 0700018000300012001

Features

  • Stories: 2
  • Pool features: Room for a Pool
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Waterfront
  • Frontage type: Waterfront

Lot

  • Lot size: 2.90 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
    Coastal FloodingRelatively High
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Inland Flooding
Winter Weather
Tsunami

FEMA Declared Disasters in Suffolk County and New York

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tropical Storm
Winter Storm

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

MonthlyAnnual
Mortgage $24,271$291,252
Home Insurance *$1,235$14,820
Property Taxes $1,953$23,436
Electricity $246$2,954
Total$27,705$332,460
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$949,885/yr
40% on housing$831,150/yr
45% on housing$738,800/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

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.

Insurance Growth Rate5-year average: 4.6%
4.6%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 11964$1,476
Suffolk County$723

vs Homes Sold Last Month

Median $/sqft

ZIP 11964$1,656
Suffolk County$412

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)

No zestimate history available

Price History

DateEventPrice
2026-06-02Listed for sale$4,800,000
2026-04-05Listing removed$9,955,000
2025-05-08Listed for sale$9,955,000
2025-04-10Listing removed$9,955,000
2025-04-03Listed for sale$9,955,000

For Sale by Agent

AgentMichael Brennan - Real Estate Sales Person
BrokerageDouglas Elliman Real Estate

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