




28 Lake Dr, Shelter Island, NY, 11964
About This Home
Set on 1.19A± acres overlooking Fresh Pond, this traditional offers privacy, an elevated position overlooking the water, and southwest-facing light with sunset views. Largely hidden from the road, the property enjoys a quiet setting above one of Shelter Island's treasured glacial freshwater ponds. A gravel circular drive approaches the cedar-shingled façade, framed by established landscaping and gabled rooflines. The interior has been updated in 2026, including refinished floors, renovated bathrooms, refreshed exteriors and freshly painted interiors. A gracious entry is framed by a covered porch and a central Palladian-style window above the front door, bringing natural light into the foyer and halls. The double-height living room is imbued with natural light from a wall of windows and glass doors, creating an open yet grounded gathering space centered on a fireplace with custom built-ins. Above, a connecting balcony spans the room, linking the upper level while maintaining a sense of separation between the bedroom wings. The kitchen includes a center prep island and a breakfast bar, with an adjacent dining area facing the pond. A laundry room and powder room are set just off the kitchen, with convenient access to the attached two-car garage. The first-floor primary bedroom includes a renovated bath and walk-in closet. Upstairs, two additional bedrooms reflect the home's architecture, with varied ceiling lines that add dimension. The lower level has a finished office with separate entrance and an unfinished area with waterside windows that are ready for finishing. Outdoor amenities include a hot tub overlooking the water and a screened gazebo positioned for relaxed afternoons or casual gatherings. A path leads down to the pond and dock, offering access to the shoreline and the surrounding landscape.
Getting Around
Schools
Construction
Condition
- Year built: 1998
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Yes
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Cooling
- Cooling features: Central Air
Features
- Fireplace: Yes
Interior Area
- Total structure area: 2,299
- Total interior livable area: 2,299 sqft
Property
Details
- Parcel number: 0700019000100102000
Features
- Stories: 2
- Private pool: Yes
- Has spa: Yes
- Spa features: Heated
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Lot size: 1.19 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 | $16,433 | $197,196 |
| Home Insurance * | $836 | $10,032 |
| Property Taxes | $1,314 | $15,768 |
| Electricity | $379 | $4,559 |
| Total | $18,962 | $227,544 |
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 |
|---|---|---|
| 2026-04-02 | Listed for sale | $3,250,000 |
| 2023-09-05 | Listing removed | -- |
| 2023-03-17 | Listed for rent | $33,000 |
| 2023-03-16 | Listing removed | -- |
| 2023-03-12 | Price change | $33,000 |
| 2022-11-08 | Listed for rent | $36,666 |
| 2022-01-01 | Listing removed | -- |
| 2021-09-13 | Price change | $15,100 |
| 2021-09-09 | Price change | $7,550 |
| 2021-07-01 | Price change | $15,100 |
| 2021-01-04 | Price change | $26,800 |
| 2020-11-02 | Price change | $26,000 |
| 2020-01-25 | Price change | $23,333 |
| 2019-10-21 | Price change | $26,400 |
| 2019-08-01 | Listed for rent | $13,200 |
| 2019-04-22 | Listing removed | $6,600 |
| 2018-12-14 | Price change | $6,600 |
| 2018-11-17 | Price change | $13,800 |
| 2018-07-09 | Price change | $13,000 |
| 2018-06-02 | Price change | $7,000 |
| 2018-05-10 | Price change | $20,000 |
| 2017-09-09 | Price change | $28,000 |
| 2017-09-02 | Listed for rent | $13,000 |
| 2017-06-28 | Listing removed | $13,000 |
| 2017-06-14 | Listed for rent | $13,000 |
| 2015-01-16 | Sold | $1,560,000 |
| 1997-05-28 | Sold | $157,000 |
For Sale by Agent
