5 Grand Avenue Introducing an extraordinary new construction completed in 2024, nestled in the Historic Business District of Shelter Island Heights. Allowing for both residential and commercial uses, the offering was constructed in a traditional Heights vernacular with all modern amenities, seamlessly integrating historic charm with functionality. The main building, currently permitted as a primary residence with an accessory apartment, boasts 2, 000 +/- square feet including three bedrooms and three bathrooms. A key feature of this home is the habitable mezzanine level, constructed with reclaimed 1870s barn wood, early 1900s timbers, and exposed steel detailing. This level is complemented by a custom-crafted timber staircase with steel cable rails and hand-cut, nailed wide plank long length flooring. Adding to the property's charm are high-quality finishes such as wide plank white oak hardwood floors, custom vanities and cabinets utilizing reclaimed white oak lumber from Duryea's dock in Montauk, and reclaimed brick foundation cladding on the porch piers and chimney. A modern Scandinavian wood-burning stove enhances the home's stylish and functional design. The 880 +/- square foot basement affords 9-foot ceilings and a private entrance, providing ample space and versatility. Measuring 504 +/- square feet, the detached two-car garage includes additional loft storage and is optimally sited by the driveway entrance. An additional highlight of the property is an expansive wrap-around 625 +/- square foot covered porch, overlooking picturesque landscaping and stonework. Designed with future possibilities in mind, the main building is structurally prepared for interior stairs throughout, a custom kitchen on the first floor, and a finished basement. Zoned as Business District B, this property allows flexibility for both residential and business uses, making it a versatile investment and one of the most unique opportunities to ever present itself in Shelter Island. With four dedicated parking spaces and its close proximity to shops, restaurants, and the ferry, the location provides unparalleled convenience and accessibility.