7 Wheeler Road, Shelter Island, NY 11965

$2,690,000 · 4 bed · 3 bath · 2,289 sq ft · built 1962 · MLS# 1048489 · Active

Shelter Island Waterfront with Dock. A rare opportunity to own waterfront in Silver Beach, one of Shelter Island’s most beautiful and sought-after enclaves. Set directly on the tranquil Silver Beach lagoon, this four-bedroom, 2.5-bath home offers approximately 2,289 square feet on a private .76-acre property with approximately 102 feet of waterfront frontage—all just a five-minute walk to beautiful Silver Beach. The home has a distinctive character, combining comfortable interiors, hardwood floors and an abundance of natural light with wonderful water and landscape views from both levels. The kitchen and baths…

Single-family homes in the Shelter Island Union Free School District sold for a median of $1,900,000 (typically $1,450,000–$2,800,000) across 22 recorded sales between Oct 10, 2025 and Aug 27, 2026, up 11.8% on the 12 months before.

At about $9,810 a year, this home's property tax runs roughly 23% above the $8,000 typical for Shelter Island Union Free School District. Suffolk bills combine town, school and special-district levies, so two homes at the same price in neighboring districts can carry materially different taxes. Exemptions such as STAR, Senior or Veteran move the number as well — a new owner's bill is often not the same as the seller's.

OneKey MLS (recorded LI sales, trailing 12mo) + actual tax