Two Single and Separate Lots offered as a package. 71A Dune Road is +/- 1. 25 acres with +/- 105' frontage on the ocean. Taxes are $29, 918. 82. 73A Dune Road is +/- 0. 97 acres adjacent, interior lot. Taxes are $13, 687. 00. Welcome to an unparalleled opportunity to craft your dream retreat - a once-in-a-lifetime chance to build on two adjacent lots that epitomize luxury coastal living. Spanning a total of 2. 22 acres, this exclusive property offers an extraordinary canvas for creating an opulent oasis that seamlessly blends beachfront serenity with lavish amenities. The crown jewel of this offering is the oceanfront lot, a sprawling 1. 25-acre expanse that boasts an impressive 105 feet of frontage on pristine white sand beach. Adjacent to the oceanfront splendor lies the 0. 97-acre interior lot, offering a unique opportunity to create a multifaceted compound that captures both ocean and bay views. Whether you envision a private tennis court, a luxurious oceanfront pool, or a sprawling guest house with its own panoramic vistas, the possibilities are as boundless as the surrounding horizon. This interior lot provides the flexibility to design and build with utmost creativity, ensuring that every inch of your retreat reflects your unique vision and lifestyle. Seize this rare chance to build your legacy on the Hamptons' iconic Dune Road, where two adjacent lots converge to offer an unparalleled canvas for your coastal masterpiece. Embrace the allure of oceanfront living, the prestige of this sought-after location, and the limitless possibilities that await as you embark on the creation of your exclusive retreat in the heart of one of the world's most coveted beachfront destinations.
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Our Executive Mortgage Banker:
Our Insurance Division:
$9,500,000
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 | $7,600,000 | $7,600,000 | $7,600,000 |
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 | $43,152 | $46,795 | $63,111 |
Total Monthly Payment | $43,277 | $46,920 | $63,236 |
* 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.