Comedian Louis C.K. has sold his historic Shelter Island home for $4.35 million, securing a price $50,000 above its initial asking price. The property, known as Primrose Cottage, was listed in early August for $4.3 million and entered into a contract in less than three weeks.
The sale marks a significant return for C.K., who purchased the 2-acre estate in 2014 for $2.44 million. The rapid sale, completed in just 18 days, stands in sharp contrast to the local market, where properties typically remain listed for a median of 137 days.
Key Takeaways
- Louis C.K. sold his Shelter Island home for $4.35 million, exceeding the $4.3 million asking price.
- The comedian originally purchased the property in 2014 for $2.44 million, realizing a substantial profit.
- The 123-year-old home, known as Primrose Cottage, has hosted U.S. Presidents Theodore Roosevelt and William McKinley.
- The property sold in 18 days, far outpacing the local market average of 137 days.
A Swift and Profitable Transaction
The sale of the Shelter Island property concluded with a final price of $4.35 million. The deal represents a nearly 78% increase in value since Louis C.K. acquired it a decade ago for $2.44 million.
This quick transaction defies current market trends in the area. While homes on Shelter Island spend a median of 137 days on the market, Primrose Cottage found a buyer in just over two weeks. The deal was managed by Carl Gambino and Marco Maida of the Gambino Group at Compass, who represented both the seller and the buyer.
By the Numbers: Primrose Cottage Sale
- Final Sale Price: $4.35 Million
- Original Asking Price: $4.3 Million
- Sold Above Asking By: $50,000
- 2014 Purchase Price: $2.44 Million
- Days on Market: 18
Inside the Historic Primrose Cottage
Built in 1901, the Tudor-style main house spans approximately 5,000 square feet and is situated on a private, two-acre lot. The residence includes six bedrooms and five bathrooms, blending historic architecture with contemporary updates.
During his ownership, C.K. undertook significant preservation work. These efforts focused on maintaining the home's original character, including the restoration of detailed millwork and six wood-burning fireplaces. The interior features exposed ceiling beams, a grand curving staircase, and a distinctive sunroom with green latticework.
The property also includes a recently renovated chef’s kitchen, complete with checkered floors, stainless steel appliances, and a newly constructed butler’s pantry. An upstairs bedroom provides access to a private terrace overlooking the grounds.
A Property with Presidential Pedigree
The estate, part of the original Westmoreland Farm, is rich with American history. Before C.K.'s ownership, it served as a retreat for two U.S. presidents: Theodore Roosevelt and his successor, William McKinley.
A Storied Past
Beyond its presidential connections, Primrose Cottage holds a unique place in cultural history. Reports indicate the property was the site of the informal American debut of J.M. Barrie’s play “Peter Pan.” Baseball legend Babe Ruth was also known to be a summer visitor to the estate.
The home's blend of historical significance and preserved charm likely contributed to its appeal. The property's ability to attract a buyer so quickly highlights the demand for unique, well-maintained estates with a compelling backstory.
Modern Amenities Enhance Outdoor Living
In addition to preserving the home's interior, C.K. also invested in significant upgrades to the outdoor amenities. A new heated Gunite pool and hot tub were installed, adding modern recreational features to the historic property.
The estate’s waterfront access was also improved. A deep-water dock was refurbished, providing ample space to accommodate multiple boats and enhancing the property's appeal for maritime enthusiasts.
These modern additions, combined with the privacy afforded by the hedged-in landscape, create a balanced estate that respects its past while catering to a contemporary lifestyle. C.K. is currently on an international comedy tour and is promoting his upcoming debut novel, “Ingram.”
