8 Orchard Lane, Old Westbury, NY, 11568 | $5,380,000

Welcome to a world of timeless elegance and luxury through the guarded gates of this remarkable estate. Nestled on over 4 acres along the most prestigious street in Old Westbury, this magnificent Georgian Colonial residence is a testament to grandeur and sophistication. From the moment you enter, you'll be captivated by the custom moldings, meticulous attention to detail, and the use of superb materials throughout this home. It's a showcase of masterful craftsmanship. The grand foyer welcomes you, setting the stage for the formal living room, dining room, and den. Each of these rooms boasts its own marble fireplace, providing a sense of warmth and opulence, ideal for both grand gatherings and intimate moments. For the aspiring gourmet chef, this home leaves nothing to be desired. Every amenity has been thoughtfully provided to create a culinary paradise, where you can craft and savor culinary masterpieces with ease. The master suite is an oasis of tranquility, featuring a sitting room and his/her baths. It offers a serene escape with panoramic views of the beautifully landscaped property. In addition to the master suite, there are five additional bedrooms, each with its own granite bathroom, ensuring ample space for all. The full finished walkout basement is a haven for entertainment, with a striking limestone fireplace, wet bar, bedroom, bath, and game room. It's an ideal space for relaxation and enjoyment. This estate goes beyond the ordinary. It boasts an elevator, gazebos, mahogany windows, radiant heat on the first floor, oversized hallways, 10-foot ceilings, a media room, a gym, and expansive closets. The coffered ceiling and state-of-the-art speaker system add to the luxury. Additionally, there's a separate generator, 600-amp electric, a 10-zone in-ground sprinkler system, and an 8-zone central air system. Step outside and find your own outdoor paradise. An incredible in-ground heated gunite pool awaits, surrounded by meticulously landscaped grounds. It's a private oasis for relaxation and recreation. Located in the award-winning Jericho School District. Don't miss this rare opportunity to own a piece of luxury and make this magnificent estate your own. It's a statement of success, refinement, and unparalleled living.

Features

  • Rooms: 10
  • Bedrooms: 7
  • Baths: 9 full / 2 half
  • Style: Colonial
  • Year Built: 2002
  • Garage: 3-car Attached
  • Heating: Natural Gas, Forced Air, Radiant
  • Cooling: Central Air
  • Basement: Finished, Full, Walk-Out Access
  • Approx Sq. Feet: 9,800
  • Acreage: 4
  • Est. Taxes: $100,718
  • Lot Desc: Level
  • Middle School: Jericho Middle School
  • High School: Jericho Senior High School
  • School District: Jericho
  • Pool: In Ground
  • Appliances: Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer, Wine Cooler
  • MLS#: 3513732
  • Days on Market: 317 days
  • Website: https://www.raveis.com
    /eprop/3513732/8orchardlane_oldwestbury_ny?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 Daniel Gale Sothebys Intl Rlty   Phone: 516-759-4800

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

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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

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

8 Orchard Lane, Old Westbury, NY, 11568

$5,380,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

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 $4,304,000 $4,304,000 $4,304,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment $8,393 $8,393 $8,393
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $24,438 $26,851 $36,030
Total Monthly Payment $32,956 $35,369 $44,548

* 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.