The iconic mid-century Pyramid house of Fire Island Pines (built 1961) offers the most incredible views across the Fire Island National Seashore from Ocean to Bay, as well as unparalleled privacy. This unique property features top of the line structural construction (galvanzied steel beams) and flawless design and has been featured in the New York Times and other publications. Upstairs the main pyramid includes a great room with 25' ceilings containing a wall of glass overlooking the dunes and the open living/dining/kitchen and a double sided wood burning fireplace. Decks with dining and sitting areas face east (dining) over the dunes and west (sitting) over the pool deck. Downstairs is an oversized primary suite with an enormous bedroom, ensuite bathroom, dfressing room/walk in closet, office, and laundry room. Sliding doors open to the pool deck with a heated pool and hot tub. Across the pool deck are 3 smaller pyramids which comprise 2 bedrooms with a bathroom in between. For investors, this exceptional home also generates spectacular rental income (7% cap rate) over just 6 months of the year. A rare oppotunity to own a beautiful beach house that also produces extraordinary income.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,950,000
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 | $3,160,000 | $3,160,000 | $3,160,000 |
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 | $622 | $622 | $622 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,942 | $19,714 | $26,453 |
Total Monthly Payment | $18,689 | $20,461 | $27,200 |
* 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.