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2460 Shipyard Lane #5G2, East Marion, NY, 11939

2beds
2baths
1,243sqft
$999,999
$805price/sqft
$7,136/moest. monthly cost
$285,440/yrincome needed

About This Home

Stunning and rare 2nd floor end unit in the desirable Cleaves Point Condominium Community offers a unique lifestyle opportunity. Fully re-envisioned and renovated in 2023, the property now embodies elevated, modern living at its finest. The new kitchen features quartz countertops, custom cabinetry, and stainless-steel appliances including a Bosch refrigerator and dishwasher to name a few of the high-end finishes. The open layout flows seamlessly into the living area, highlighted by a wood-burning fireplace with insert and expansive double sliding doors that frame the breathtaking water views leading to the balcony. Other recent updates throughout the home include renovated bathrooms (2023), spacious primary bedroom and ensuite bath, a new hot water heater (May 2024), brand new washer and dryer, smart thermostat, smart outlets and dimmers, and custom cordless shades. Additional features include a full basement with storage, one car garage and additional parking spaces. Cleaves Point residents enjoy an array of amenities including a fully renovated clubhouse with new kitchen, fitness facility, and bathrooms. The resort-like grounds of the community consist of a private pool area, community garden, grill area, basketball courts, and freshly painted tennis and pickleball courts. The community's private marina and beachfront kayak/paddle board storage is the ideal space to keep a boat and enjoy North Fork living at its finest. Minutes away from the charming village of Greenport, the Shelter Island Ferry, prime shopping and dining coupled with award winning wineries. Beautiful throughout all four seasons.

Getting Around

6
WalkingCar-Dependent
0
TransitVery Limited Transit
36
BikeSomewhat Bikeable

Schools

6/10
5/10
Greenport High SchoolGrades 7-121.6 mi

Construction

Condition

  • Year built: 1983

Materials

  • Foundation: Other
  • Construction materials: Other

Type & Style

  • Home type: Condo
  • Property subType: Condominium,Residential

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Electric Range,Electric Water Heater,Microwave,Refrigerator,Stainless Steel Appliance(s),Washer
  • Laundry features: In Unit

Basement

  • Has basement: Yes
  • Basement: Bilco Door(s),Storage Space,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Breakfast Bar,Built-in Features,Cathedral Ceiling(s),Chandelier,Crown Molding,Dry Bar,Eat-in Kitchen,Open Floorplan,Open Kitchen,Primary Bathroom,Quartz/Quartzite Counters,Recessed Lighting,Smart Thermostat,Storage
  • Flooring: Carpet,Hardwood,Tile
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Attic: Storage
  • Common walls with other units/homes: 1 Common Wall,End Unit

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,243
  • Total interior livable area: 1,243 sqft

Property

Details

  • Parcel number: 1000038020200009000
  • Attached to another structure: Yes
  • Special condition: None

Features

  • Levels: Three Or More
  • Pool features: Community,Solar Heat
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Beach Access,Beach Front,Water Access,Waterfront

Lot

  • Lot size: 1,153 sqft

Parking

  • Total spaces: 3
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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
  • Ice Storm
    Ice StormModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Ice Storm
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 $5,056$60,672
Home Insurance *$485$5,820
Property Taxes $1,349$16,188
Electricity $246$2,954
Total$7,136$85,632
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$244,662/yr
40% on housing$214,080/yr
45% on housing$190,293/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

$805This listing

vs Other Active Listings

Avg $/sqft

ZIP 11939$1,045
Suffolk County$724

vs Homes Sold Last Month

Median $/sqft

ZIP 11939$1,204
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)

Price History

DateEventPrice
2026-04-14Listed for sale$1,199,999
2021-06-04Sold$700,000
2021-01-15Listing removed--
2020-11-13Listed for sale$799,000

For Sale by Agent

AgentDana Murillo-Romeo
BrokerageHoward Hanna Coach

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