Shelter Island Estate Targets Local Record With $18M Ask

Next year, a seller is setting his sights on a record sale for Shelter Island.

Interior designer Ben Broughman, senior creative director at Jonathan Adler, listed the Osofsky House at 4 Dawn Lane for $18 million, the Wall Street Journal reported. That would smash the local record, a nearly $13 million sale on the waterfront two years ago.

The modernist home was designed more than a half-century ago by famed architect Norman Jaffe. The 5,100-square-foot, six-bedroom home is on a nearly two-acre property off of Gardiner’s Bay.

Broughman and his then-partner, British media entrepreneur Waheed Alli, purchased the property from the Osofsky family in 2020 for more than $7.1 million. They renovated the home, built specifically for the Osofskys, for two years after its acquisition, preserving much of the architecture.

It’s unclear how much money was spent on renovations, which included relocating the kitchen and installing a bar at the former kitchen location. Broughman primarily used the property for weekends and summers.

Amenities include a chef’s kitchen, a private gym, a movie theater, a tennis court with pickleball lines and a detached two-car garage. There’s also a heated gunite pool, an outdoor pergola with a kitchen and fireplace and a separate guest wing.

Sotheby’s International Realty’s Nick Brown and Lidia Murphy have the listing, which breaks down to $3,529 per square foot.

The Shelter Island sale record was nearly broken earlier this year when a deal for the newly built One Pandion Road went into contract with a $15 million ask. The purchase ultimately closed at $12.85 million, however, according to Behind the Hedges.

One Pandion was developed by High Line Properties’ Joshua Greenwald, who bought the land for $3.25 million in 2021. Greenwald completed construction last October and rented the home for $475,000 from Memorial Day through Labor Day.

— Holden Walter-Warner