REPORTER FILE PHOTO
Many Island real estate professionals are bullish about the market on Shelter Island.
But one calls it neither a buyers’ nor sellers’ market, but a “realistic” market. What Melina Wein of M Wein Realty Inc. sees is “a lot of fluid pieces,” not just here, but nationally and internationally, that have many buyers and sellers trying to figure out where the economy is going before they pull the trigger on a transaction. (more…)
ANNETTE HINCKLE PHOTO George Fox Lane, which is close to the landlocked parcel the town is considering for purchase and preservation.
Shelter Island is on track to pick up 4.5 acres of undeveloped property for $25,000. (more…)
REPORTER FILE PHOTO The Community Preservation Fund collects taxes on real estate sales.
For the first time in 2016, Shelter Island saw its Community Preservation Funds (CPF) surpass what they were for the same period in 2015, according to numbers released by Assemblyman Fred Thiele Jr. (I-Sag Harbor). (more…)
ELEANOR P. LABROZZI PHOTO | A view from Shelter Island Heights.
Shelter Island Heights is being recognized again in the world of real estate as one of the priciest places in America to purchase a house. (more…)
ILLUSTRATION GETTY IMAGE/iStock | Affordable housing is back in the news on Shelter Island.
The developer who proposed a community housing project on a 0.31-acre lot in the Center that didn’t pass muster with the Town Board last month, believes no affordable housing proposal will ever be endorsed.
“They will not support it — period,” Janalyn Travis-Messer told the Reporter, referring to any community housing — often called workforce or affordable housing — initiative that reaches the Town Board for approval. In creating the Community Housing Board (CHB) eight years ago, the Town Board just wanted to do something that would sound “warm and fuzzy,” but never intended to allow a project to be developed, she said. “NIMBYism lives.” (more…)