Undeniably the most exciting and feature-packed new development single-family new home in the Hamptons 2024, This gorgeous, meticulously built 7200 sf brand-new country beach home (now complete with significant premium landscape and landscape lighting package), set among prestigious properties on South Country Rd. , will wow you like no other new home can at this price. In addition, the right near water location, which feels and looks every bit as beautiful as Bridge Lane in Sagaponack (but at 1/3 the price) just might be the thing that brings out the sailor in you, as it's 600 feet east to the most picturesque estuary crossing bridge and just 1500 feet up the road from a story-book little sailing and boating club. Rosewood Developers is known in the industry for building homes of lasting quality and distinction, their flawless reputation, and their commitment to the highest standard of skill and materials for each home that they build and sell (most recently 74 Shinnecock Hills Rd. , Southampton and 84 South Country Rd. , Remsenburg, both recently sold - google them). This property was selected for it's rear-facing cul de sac privacy (no neighboring homes are visible from the 2nd floor primary bedroom deck), all day sunlight-filled beauty, 30 years of gorgeous and mature landscaping, (including some of the most beautiful specimen trees in the area), historical location, and straight line direct access to water right from the driveway. A Southampton town marina, pool, tennis and boat club, and bay beach are literally 1/3 of a mile due south of the site at the end of Shore Rd. , making this exact location more accesible to a beach (see photo) and sailing than more than 80% of all other locations in the Westhampton Remsenburg area or for the entire Hamptons region for that matter. The glorious ocean beaches, golf courses, multiple private and municipal marinas, tennis/pickleball clubs, shopping, fine restaurants, and vineyards can all be reached by automobile within minutes. This 7 bedroom, 8. 5 bathroom home features luxurious appointments and fixtures - like white lacquered custom cabinetry, 11 ft. coffered ceilings, a dramatic 28 ft. entry foyer, a floating glass staircase, first ever fireplace on primary bedroom deck and inside the primary bedroom, radiant heated floors in all bathrooms, steel girder construction for unparalleled durability, top of the line fixtures and appliances including a 60 inch Thermador double stove and refrigerator, two wet bars and designer white stone countertops in the kitchen and bathrooms. The large rear section of the property (adjoining a quiet cul de sac), showcases a 17 by 52 ft. gunite pool with an 8 by 9 ft. spa, and don't overlook the large outdoor kitchen and covered patio with see through fireplace as well as a large open gas fire pit near the gunite spa. There is ample room for a full-sized sunken tennis court with basketball as an option. Please refer to the spec sheet in the photos reel for a full list of the incredible amenities. Remsenburg was described in a New York Times article as "the little gem of Long Island" by Robert Moses. And residents refer to South Country Rd. as the "Fifth Avenue" of the Hamptons. Furthermore, Remsenburg is considered "under the radar" and residents who get to live it and love it are happy about that. Don't be surprised if you discover that your purchasing power for this custom Rosewood Developers home is more than 2X what it otherwise might be in points further east in the Hamptons. Should you want proof of this, ask an agent to show you the less beautiful 1. 4 acre vacant, no landscaping parcel in Southampton that is on the market for $7. 7 Million (I repeat, just for vacant land). This and the natural aquatic beauty of this very exact part of the village are just two of the many reasons why both new and seasoned Hamptons buyers are moving to this beautiful area.
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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 | $4,200,000 | $4,200,000 | $4,200,000 |
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 | $1,417 | $1,417 | $1,417 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $22,547 | $24,845 | $34,597 |
Total Monthly Payment | $24,089 | $26,387 | $36,139 |
* 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.