52 Monomoy Road, Nantucket (Monomoy), MA, 02554 | $31,995,000

Offering extraordinary views from the best location in Monomoy, "Longevity" has been in the same family since 1949. Sited on a knoll high above the water line, this exclusive 1. 25 acre waterfront property features a seven bedroom, 6. 5 bath main house, an oversized two car garage with living quarters above and a boat house. The property is highlighted by its incomparable views of the entire Nantucket Harbor including stunning vistas across the harbor from Town to Brant Point to Coatue. The property’s northwest orientation allows for unobstructed views of fabulous sunsets, the vibrant activity of the harbor boat scene, as well as providing front row viewing of the various firework displays throughout the season. There is approximately 175' of water frontage with a gently sloping path/driveway to the water and a private sandy beach along the shore. The secluded beach provides access to the harbor for the enjoyment of water sports activities, including boating, swimming, sunbathing, kayaking, canoeing and paddle boarding. The grandfathered 224 sf boat house sits down by the shoreline. An updated survey shows the location of house, garage and boathouse as well as the proposed 16'x25' pool and 500sf pool house. The owner recently obtained the Notice of Intent (NOI) approval from ConCom for the pool and pool house. Key features of this beautiful property are its elevated setting, the grandfathered status of the siting of the structures and the height of the main house. EXCLUSIONS: Dining Room chandelier light fixture; all “LONGEVITY” signs and quarter boards.

Features

  • Town: Nantucket
  • Rooms: 15
  • Bedrooms: 10
  • Baths: 7 full / 2 half
  • Year Built: 1949
  • Heating: Oil\FHW
  • Basement: Full unfinished basement with drive in garage access from the water side allowing for storage of a small boat and/or cars.
  • Acreage: 1.247
  • Water Front: Yes
  • Property#: 90522
  • Days on Market: 434 days
  • Website: https://www.raveis.com
    /eprop/90522/52monomoyroad_nantucket_ma?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Lee Real Estate

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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  • Provides a guaranteed closing date that meets your needs
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  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

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617.686.2668

Allen.Gellerman@raveis.com

Our Insurance Division:

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52 Monomoy Road, Nantucket (Monomoy), MA, 02554

$31,995,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $25,596,000 $25,596,000 $25,596,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.396% 5.990%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $145,331 $157,599 $212,552
Total Monthly Payment $145,456 $157,724 $212,677

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.