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
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