by RH Advisors

See Home Value
Rye 10580 Rye
12 Island Drive
$9,750,000
● House - Off Market

12 Island Drive

Rye City, NY 10580
bedrooms
5 Beds
bathrooms
7 Baths, 1 Half Bath
square feet
8,198 Ft²
$60,489
Est. Monthly
-0.02%
Cap Rate

About This Property

It does not get better than this!  Start your mornings and end your days with dramatic sunrises and colorful sunsets at one of Rye's most coveted waterfront sanctuaries.  Custom built in 2004 by the current owner, this handsome 8000 sq. ft. stone and slate home was thoughtfully designed and situated to take advantage of the 240 feet of direct LI Sound frontage to the east as well as Tide Mill Harbor views out front, providing breathtaking panoramic water views from virtually every room.  Perched gracefully above the LI Sound, this home provides the epitome of entertaining indoors and out.  Enjoy the glistening pool and spa, watch the boats go by as you dine with friends and family on the multi-tiered flagstone terrace, or catch a game on TV with the cozy outdoor fireplace blazing.  Have your own touch football game on the expansive level lawn, launch your paddle board from the back yard or relax and enjoy the ever changing magnificent skyscapes -- the possibilities are endless.  This home is one of 39 estates located in the gated, prestigious North Manursing Island community in which residents ride bikes on the private streets, launch boats on the LI Sound from the community marina, or head to the sandy private association beach.  All this yet still so close to beach clubs, public and private schools, downtown Rye's shops and restaurants and Metro North. You can have it all at 12 Island Drive where luxury coastal living awaits! Additional Information:  Amenities:Steam Shower,HeatingFuel:Oil Above Ground,ParkingFeatures:4+ Car Attached,
Unit Size
8,198 Ft²
Days on Market
735 days
Land Size
1.21 acres
Price per sqft
$1,220
Property Type
House
Property Taxes
$11,391
HOA Dues
-
Year Built
2003

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Last updated: 11 months ago (OneKey MLS #KEYH6274755)

Price History

Date / Event Date Event Price
Nov 14, 2025 Sold
Sold
Aug 15, 2025 In contract -
In contract
Apr 26, 2025 Price Decreased $9,999,000
↓ $991K (9%)
Price Decreased
Sep 6, 2024 Price Decreased $10,990,000
↓ $1M (8.4%)
Price Decreased
Jul 8, 2024 Relisted $11,995,000
Relisted
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Property Highlights

Garage
Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 1
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 11
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 750
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 52,708
  • Total Building Area: 6,080
  • Building Area: 6,080
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 6,080
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTH MANURSING ISLAND
  • Land Acres: 0000001210
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Rye City School District
  • School Tax School District: RYE
  • Census Tract: 007600

Zoning

  • Zoning: R1

Geography

  • District: 551400
  • Section: 147.09
  • Parcel: 551400 147-9-1-16
  • Block: 1
  • Lot: 16.000
  • Municipality: RYE
  • Latitude: 40.976
  • Longitude: -73.659

    Address

  • Full Address: 12 Island Dr
  • Address - House Number: 12
  • Address - Street Name: Island
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Rye
  • Carrier Code: C007
  • 4-Digit Zip Code: 4306
  • Zip Code: 10580

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,525,448
  • Tax Rate Code Area: 551400

    Appraisal Valuation

  • Standard Deviation: 0.461
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 7
  • Final Value: 1,415,593
  • High Value: 2,068,255
  • Low Value: 762,930

    Market Valuation

  • Market Total Value: $8,682,171
  • Market Land Value: $3,914,729
  • Market Improvement Value: $4,767,442

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $112,000
  • Assessed Land Value: $50,500
  • Assessed Improvements Value: $61,500

    Sales

  • Current Sale Contract Date: Jul 24, 2001
  • Current Sale Recording Date: Sep 27, 2001
  • Current Sale Price:
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 0412470409
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Rye


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Unit for rent at 319 Oakland Beach Avenue, Rye, NY, 10580

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319 Oakland Beach Avenue, Rye, NY, 10580 Listing by Kori Sassower
Unit for rent at 3 Lea Place, Rye, NY, 10580

$10,500 /mo

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3 Lea Place, Rye, NY, 10580 Listing by Maria Skamangas


Frequently Asked Questions

When was property at 12 Island Drive built and last sold?
The property at 12 Island Drive was built in 2003 and last sold on Jul 24, 2001 for $4,500,000.
How much is this home worth?
The estimated value of the home located at 12 Island Drive is $14,089,500.
What are some comparable homes to 12 Island Drive?
There are currently no comparable homes to 12 Island Drive.