George Soros and his family have acquired multiple parcels of land on Shelter Island, a small community at the eastern end of Long Island, New York.
Public records indicate the family now controls roughly 120 acres across 18 properties, purchased through a series of corporate entities.
The acquisitions make the Soros family the largest private landowner on the island, which is reachable only by ferry.
Longtime residents have voiced concerns that the concentration of ownership could affect property values and alter the character of the community.
Criticism has focused on a dormitory built for staff and the purchase, then closure, of the island’s sole pharmacy that previously filled prescriptions for locals.
The pharmacy’s shutdown has limited access to medication services for island residents, heightening community tensions.
Earlier, the family’s purchase of a 63.6‑acre horse farm led to the installation of a deer fence without approval from the local zoning board, drawing additional scrutiny.
Real estate developer Stefan Sovoliev also acquired notable island businesses, including a historic hotel and the pharmacy, further influencing the local economy.
Community members continue to monitor the impact of these transactions on the island’s housing market and public services.
