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5 Meadow Pl, Shelter Island Heights, NY, 11965

3beds
2baths
1,770sqft
$1,295,000
$732price/sqft
$7,951/moest. monthly cost
$318,040/yrincome needed

About This Home

Spacious and Charming Cape Cod in the heart of Shelter Island Heights District. 3 Bedrooms, 2 Renovated Full Baths, Great Room with Vaulted Ceiling, Living Room with Wood Burning Fireplace, Office, Full Basement with Interior and Exterior access, 2 Car Garage, Redone Hardwood Floors on both 1st & 2nd floor, New Kitchen Appliances, New Windows, New Roof and Freshly Painted. Access to Tennis Courts, Beach Club, Public Water & Sewer. This is a good investment home with great rental history. Seller is motivated.

Getting Around

39
WalkingCar-Dependent
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

6/10
Shelter Island SchoolGrades PK-121.3 mi

Construction

Condition

  • Year built: 1977

Type & Style

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

Interior

Basement

  • Has basement: Yes
  • Basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Fireplace: Yes

Interior Area

  • Total structure area: 1,770
  • Total interior livable area: 1,770 sqft

Property

Details

  • Parcel number: 0700006000300016000

Features

  • Stories: 2

Lot

  • Lot size: 6,534 sqft

Parking

  • Parking features: GarageDetached
  • 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 $6,548$78,576
Home Insurance *$612$7,344
Property Taxes $499$5,988
Electricity $292$3,510
Total$7,951$95,412
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$272,605/yr
40% on housing$238,530/yr
45% on housing$212,026/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

$732This listing

vs Other Active Listings

Avg $/sqft

ZIP 11965$961
Suffolk County$724

vs Homes Sold Last Month

Median $/sqft

ZIP 11965$663
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
2025-10-20Price change$1,295,000
2025-01-06Price change$1,395,000
2024-11-29Price change$1,445,000
2024-08-27Listed for sale$1,495,000
2002-12-31Sold$350,000

For Sale by Agent

AgentJanalyn Travis-Messer - Real Estate Broker
BrokerageGriffing & Collins Real Estate

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