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Shelter Island Modern Waterfront Closes at $12.85M, Nearly Setting New Record

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At $12.85 million, the sale of 1 Pandion Road is one of the highest prices ever achieved on Shelter Island. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

At $12.85 million, the sale of 1 Pandion Road is one of the highest prices ever achieved on Shelter Island. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

Inside 1 Pandion Road on Shelter Island. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

Inside 1 Pandion Road on Shelter Island. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

Inside 1 Pandion Road on Shelter Island. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

Inside 1 Pandion Road on Shelter Island. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

At $12.85 million, the sale of 1 Pandion Road is one of the highest prices ever achieved on Shelter Island. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

At $12.85 million, the sale of 1 Pandion Road is one of the highest prices ever achieved on Shelter Island. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

At $12.85 million, the sale of 1 Pandion Road is one of the highest prices ever achieved on Shelter Island. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

At $12.85 million, the sale of 1 Pandion Road is one of the highest prices ever achieved on Shelter Island. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

At $12.85 million, the sale of 1 Pandion Road is one of the highest prices ever achieved on Shelter Island. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

At $12.85 million, the sale of 1 Pandion Road is one of the highest prices ever achieved on Shelter Island. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

The private deepwater dock just steps away from 1 Pandion Road on Shelter Island. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

The private deepwater dock just steps away from 1 Pandion Road on Shelter Island. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

Inside 1 Pandion Road on Shelter Island. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

Inside 1 Pandion Road on Shelter Island. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

At $12.85 million, the sale of 1 Pandion Road is one of the highest prices ever achieved on Shelter Island. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

At $12.85 million, the sale of 1 Pandion Road is one of the highest prices ever achieved on Shelter Island. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

authorStaff Writer on Sep 30, 2025

The $12.85 million sale of 1 Pandion Road now marks the second-highest price ever achieved on Shelter Island — and the largest to date this year.

Coming within just $100,000 of the record — $12.95 million for 2 Charlie’s Lane in 2023 — the modern waterfront property sits on 3.4 acres with panoramic views of Coecles Harbor, Gardiners Bay and the distant Atlantic Ocean.

Listed by Terry Cohen, formerly of Hedgerow and now with Compass, the buyer came by way of Benjamin Dixon of Douglas Elliman.

“This sale is a testament to Shelter Island’s growing recognition as one of the East End’s most sought-after enclaves,” Dixon said. “With its unspoiled beauty, sense of privacy and proximity to both the Hamptons and the North Fork, the island continues to attract buyers seeking truly exceptional waterfront properties.”

The newly completed compound was designed by CTLA Design, David Neff Architecture and Curate | Build. At 6,000 square feet, the six-bedroom, six-bathroom residence features soaring ceilings, walls of glass and a resort-style outdoor retreat with a saltwater pool, outdoor kitchen, and private deepwater dock just steps away.

The last asking price was $14.95 million.

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