Ram’s Head Inn on Shelter Island hits the market for $12M

For the 1-percenters who prefer quieter summers, this one may pique your interest. The Ram’s Head Inn on Shelter Island is now for sale for $12 million after being in operation for 88 years. Whoever buys the 4.3-acre compound has the option to keep it as a hotel — or could convert it into a private home, according to Curbed. There was a plan about a decade ago to convert it to a substance abuse rehabilitation facility, but older folks in “vaguely nautical garb” put a stop to it, the New Yorker reported in 2008. The 15,000-square-foot main structure contains 17 rooms, 15 baths, a 150-seater dining room, and a tennis court. The property at 108 Ram Island Drive also features 800 feet of beach frontage. [Curbed]