In 2021, Texas investor David Porter and his wife, Dana Porter, paid a record $6.5 million for a home on 4.33 acres, property records show. More: Once a Desert, Now a Lush Estate-Dubai Villa Sells for US$11.4 Million But like other second-home markets, prices nearly doubled during Covid, according to Jim Reid of Mystic Isle Realty. Historically, luxury sales prices have ranged from $2 million to just over $4 million. ![]() “People come and buy and stay,” she said. Homeownership also tends to be generational, said real-estate agent Laurie Finan of Shutters & Sails. Homes on Fishers are significantly undervalued compared with places like East Hampton and Nantucket, Mass., locals said. There are about 660 homes on Fishers, some 80% of which are used by seasonal residents, according to the town of Southold. Measuring about 7 miles long and a mile wide, Fishers has a year-round population of approximately 250, a number that swells to roughly 2,500 during the summer. In the 1980s, they purchased an adjacent property with a house and cottage for their children. “We were thinking ahead,” he said.ĭespite its proximity to New England, Fishers Island is a hamlet of Southold, N.Y., a town on the eastern end of Long Island. The retired economics professor said he and his wife were drawn to Fishers Island’s natural beauty and bought a home in the 1970s. More: ‘NYPD Blue’ Creator Steven Bochco’s Longtime Home Sells for Nearly $25 Million “If people get too interested, goodness knows-they may try to buy houses.” “People on Fishers…don’t want to be like Route 27 on Long Island,” said longtime summer resident George de Menil, in reference to the traffic-clogged main artery into the Hamptons. (“Island of the discreet shudder,” is how a Sports Illustrated writer described Fishers in the 1960s.) To do so, generations of Fishers families have shunned development, fearing throngs of visitors, soaring home prices and traffic. The reason for all this privacy? Maintaining the island’s secluded sandy beaches and verdant landscape. ![]() “We’re just a community that regards the welfare of others first, and you don’t go talking about your neighbors to just anybody.” duPont, a longtime summer resident and commodore of the Fishers Island Yacht Club. “It’s not that we’re secretive or anything,” said Thomas L. The Fishers Island Yacht Club is one of several private clubs on the island. More: Gilded Age Castle in Lexington, Kentucky, Is Selling for the Second Time in 150 Years Ferguson Museum, said he has a policy of not speaking to reporters about the island. Even Pierce Rafferty, the director of the island’s Henry L. Homes trade infrequently and, when they do, sales are rarely publicized. Socializing largely revolves around sailing, golf and tennis, and the island has two exclusive country clubs with yearslong waiting lists, according to several members. Roughly two-thirds of the island is gated, and in some areas there are few street names or house numbers. Tom Kean, author Rick Moody, former CIA director Porter Goss and Henry Luce III, the late publisher of Time magazine.īut you won’t find these boldfaced names trumpeting their ties to the island: Fishers Island is exceedingly private. Over the years, Fishers Island residents have included members of the du Pont family-the name still populates the island’s annual phone book-along with former New Jersey Gov. ![]() A light mist fell as homes overlooking the water came into view.Ī summer colony dating back to the late 1800s, Fishers Island is an exclusive enclave where generations of old-money families gather to sail and golf. on a recent weekday morning, when a ferry bound for Fishers Island, N.Y., departed New London, Conn.Ĭarrying mail, groceries and day workers, the boat churned through slate-colored water, past the island’s rocky shoreline and into a small harbor where it docked with little fanfare about 45 minutes later. Thick, white clouds obscured the skyline at 7 a.m.
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