Real LI

The new buzz on Shelter Island's Bumble Bee Manor is a drastic price reduction from $35 million to $21.9 million.

The 3.25-acre estate is a co-exclusive between Andrea Ackerman of Prudential Douglas Elliman and Harald Grant and Ingrid Brownyard of Sotheby’s International Realty. Built in 2005, the gated estate overlooks Coecles Harbor with 325 feet of open, expansive waterfront. The 10,000-square-foot cedar-shingle style main house has 16 rooms, a banquet-sized dining room and an elevator, office, fitness room and media room.

Ackerman says that in addition to the estate’s own deepwater dock that will accomodate a yacht, there is also a nearby association dock that can hold any overflow of boats when guests come to party. There’s a three-bedroom guest house, a Caribbean-style poolhouse with a glass cupola and an infinity pool that looks as if it disappears into the harbor.

Bumble Bee Manor first went on the market in 2006. Shelter Island's Shorewood Manor recently sold for $12.4 million after a drastic price reduction from $33 million to $22.4 million.