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1 Pandion Rd

Ben Dixon Of Douglas Elliman Represents Buyer In Shelter Island Sale At 1 Pandion Rd For $12.85M
SOLDSingle Family

Ben Dixon Of Douglas Elliman Represents Buyer In Shelter Island Sale At 1 Pandion Rd For $12.85M

1 Pandion Rd

$12,850,000

$2,141/SF

Building Size

6,000 SF

Asset Type

Single Family

Closing

Sep 18, 2025

AI

A Shelter Island waterfront property at 1 Pandion Road has been sold for $12.85 million. This single-family home spans 6,000 square feet and is set on 3.4 acres with panoramic harbor and ocean views, featuring a resort-style outdoor retreat and a deepwater dock.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $12,850,000
  • Address: 1 Pandion Rd
  • Market: Shelter Island
  • Square Footage: 6,000
  • Price Per Square Foot: $2,142
  • Buyer's Representative: Ben Dixon - Douglas Elliman
  • Seller's Representatives: Joshua Greenwald - High Line Properties & Terry Cohen - Compass

This transaction marks Shelter Island’s largest sale of the year to date, although it falls slightly short of the all-time record of $12.95 million. The architectural design of the modern home contributes to its appeal, as does its location, which offers significant waterfront amenities.

Players

Benjamin Dixon

Douglas Elliman

Broker

$12.9M

vol

1 deal

Broker

Shelter Island Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.23%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93