Certificates of Occupancy just issued! Immediate occupancy now available! Welcome to this stunning newly constructed home by master builder, Southampton Building Co, in the exclusive South Bay Hampton Estates of Southampton Town. Located in a brand new development of 4 luxury estate homes, this 4-bedroom, 3. 5-bathroom Zenith model is 100% turnkey, move-in ready and professionally staged (available for purchase via separate agreement). The home offers a luxurious and serene retreat from the everyday hustle and bustle. As you step inside, you'll be greeted by a bright and airy open floor plan, highlighted by lofty ceilings and 4-inch white oak floors that exude elegance and charm. The custom kitchen is a chef's dream, boasting luxury finishes and ample space for culinary creations. The first floor features an ensuite guest bedroom, providing convenience and privacy for visitors, while the upstairs hosts 2 additional ensuite bedrooms and a primary suite with a soaking tub overlooking the lush backyard. The convenience of an upstairs laundry and walk-in closets adds to the ease of living. Additionally, the partially finished lower level offers versatility and potential for a gym, recreational area, office, or media room. Stepping outside, you'll discover an outdoor oasis perfect for relaxation and entertainment. The inground, heated saltwater pool invites you to unwind in style, while the landscaped backyard provides a picturesque setting for outdoor gatherings. Beyond the property lies 200, 000 square feet of nature preserve, offering a tranquil backdrop and a nature trail to launch kayaks, paddle boards, or simply soak in the salty air. The location of this home is truly exceptional, with the marina and boat launch located at the end of the street, perfect for those who love to spend time on the water. Additionally, local gems such as Trumpets on the Bay, Little Gull Cafe, and Silly Lilly are within easy reach. For added convenience, Westhampton Beach Main Street is just 5 miles away, offering access to a variety of dining, shopping, and entertainment options. In addition, South Bay is Southampton Town's most westerly street, with shorter commutes to and from Manhattan! Don't miss the opportunity to secure your house for the 2024 season now and make this exceptional property your own and experience the epitome of luxurious coastal living.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,795,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,436,000 | $1,436,000 | $1,436,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | $569 | $569 | $569 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,709 | $8,494 | $11,829 |
Total Monthly Payment | $8,403 | $9,188 | $12,523 |
* 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.