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7 Locust Woods Dr, Shelter Island, NY, 11964

8beds
7baths
4,884sqft
$3,750,000
$768price/sqft
$21,908/moest. monthly cost
$876,320/yrincome needed

About This Home

Set on two beautifully landscaped acres, this impeccably designed Shelter Island residence offers just under 5,000 square feet of thoughtfully curated living space. With interiors by a noted designer, the home blends architectural presence with effortless livability, creating a property equally suited for grand entertaining and private retreat. At the heart of the home, the well-appointed kitchen is designed for both everyday living and hosting, featuring a generous pantry and two dishwashers to accommodate gatherings with ease. The layout includes eight bedrooms, thoughtfully arranged to provide both comfort and privacy for family and guests alike, including a separate guest suite with its own entrance-ideal for visitors seeking additional privacy. The primary suite is a true sanctuary, complete with its own private sitting room-an intimate space for morning coffee or quiet evenings away from the main living areas. Refined gathering spaces flow seamlessly throughout, while a walk-out lower level enhances the home's versatility and opens directly to the grounds. A dedicated gym adds a wellness-focused element, complementing the home's resort-like feel. Outdoors, a gunite pool and separate spa anchor the property, creating a serene setting for relaxation and entertaining. Surrounded by established specimen trees and layered landscaping, the grounds offer exceptional privacy and a beautifully framed natural setting. Expansive lawns provide ample room for recreation, with space to accommodate a tennis court if desired. Multiple outdoor living and dining areas complete the experience, offering an inviting backdrop for gatherings large or small, from relaxed summer afternoons by the pool to evening dinners under the open sky. A rare Shelter Island offering-where scale, design, and amenities come together with effortless sophistication.

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

6/10
Shelter Island SchoolGrades PK-121.1 mi

Construction

Condition

  • Year built: 2005

Type & Style

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

Interior

Basement

  • Has basement: Yes
  • Basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 7
  • Full bathrooms: 5
  • 1/2 bathrooms: 2

Cooling

  • Cooling features: Central Air

Features

  • Fireplace: Yes

Interior Area

  • Total structure area: 4,884
  • Total interior livable area: 4,884 sqft

Property

Details

  • Parcel number: 0700008000200001009

Features

  • Stories: 2
  • Private pool: Yes
  • Pool features: Heated
  • Has spa: Yes
  • Spa features: Heated

Lot

  • Lot size: 2 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 $18,962$227,544
Home Insurance *$965$11,580
Property Taxes $1,174$14,088
Electricity $807$9,685
Total$21,908$262,896
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$751,131/yr
40% on housing$657,240/yr
45% on housing$584,213/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

$768This listing

vs Other Active Listings

Avg $/sqft

ZIP 11964$1,536
Suffolk County$724

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)

Price History

DateEventPrice
2026-03-13Listed for sale$3,995,000
2006-03-06Sold$1,503,000
2005-07-26Sold$550,000

For Sale by Agent

AgentMichael Brennan - Real Estate Sales Person
BrokerageDouglas Elliman Real Estate

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